Form A2 is a standard application and declaration form used for requesting the remittance of foreign exchange abroad for purposes other than the import of goods or intermediary trade.

 

1. Core Remittance Details

• The applicant must provide their name, address, and PAN (Permanent Account Number).

   

• The form authorizes an Authorized Dealer (AD) branch to debit the applicant’s Savings, Current, RFC, or EEFC account.

   

• Applicants can choose the method of remittance, including issuing a draft, direct foreign exchange transfer, issuing travelers’ cheques, or issuing foreign currency notes.

• Beneficiary information, including name, bank address, and account number, is required for direct transfers.

   

2. Regulatory and Purpose Classification

• The remitter must specify a Purpose Code and description to categorize the nature of the payment.

• If the remittance is for the import of services (covering specific purpose groups like transport, travel, or financial services), the applicant must name the country providing the ultimate services.

• Residents must explicitly indicate if the remittance is being made under the Liberalised Remittance Scheme (LRS).

3. Declarations under FEMA 1999

• The applicant must declare that the total amount remitted from all sources in India during the financial year complies with extant FEMA Regulations.

• The remitter certifies that the source of funds belongs to them and that the foreign exchange will not be used for prohibited purposes.

   

• A table is provided to list all prior remittances made under the LRS during the current financial year (April–March).

   

4. Bank Certification

• The Authorized Dealer must certify that the remittance is not being made to or by ineligible entities.

• The bank confirms that the transaction conforms to the instructions issued by the Reserve Bank of India (RBI).

   

• The form requires the signature, designation, and official stamp of the authorized bank official.