Form A2 Bank Remittance PDF Details

Navigating overseas transactions can often seem like a complex journey, marred with numerous documents and intricate regulations. The A2 Bank Remittance Form serves as a crucial navigator in this journey, guiding individuals and businesses in India through the process of making payments abroad for a wide array of purposes that fall outside the realm of import transactions and intermediary trade. This form, detailed under Annexure-V, encompasses multiple segments including the application for remittances abroad, details about the applicant, and precise information regarding the foreign exchange required. Additionally, the form provides options for how the applicant wishes to utilize the foreign exchange, be it through direct remittance, issuance of drafts, travelers’ cheques, or foreign currency notes. An essential declaration section under the Foreign Exchange Management Act (FEMA), 1999, mandates applicants to declare their foreign exchange utilization against the annual limit prescribed by the Reserve Bank of India (RBI) for various purposes. Further complexity is added with Annex I, which enumerates purpose codes for reporting under FEMA, capturing a broad spectrum of transactions ranging from investments, loans, and banking capital to payments related to construction services, insurance, and education. This mix of declarations, purpose codes, and transactional details, underscores the comprehensive yet nuanced structure of the A2 Bank Remittance Form, making it a pivotal document for regulating and tracking foreign exchange remittances from India.

QuestionAnswer
Form NameForm A2 Bank Remittance
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesunion bank of india form a2 download, fema declaration form union bank of india, union bank of india form a2, a2 form union bank of india

Form Preview Example

Form A2

(For payments other than imports and remittances covering intermediary trade)

Annexure-V

Application for remittances abroad

AD Code No.:

Form No.:

Currency:

Amount:

Equivalent to Rs.

(To be filled in by Authorised Dealer)

(To be completed by the applicant)

I.Details of the applicant -

a.Name

b.Address

c.Account No.

II.Details of the foreign exchange required

1. Amount (Specify currency)

III.I authorise you to debit my Saving Bank/Current/RFC/EEFC Account No._________________ together with your charges and

*a) Issue a draft

Beneficiary's Name

Address

*b) Effect the foreign exchange remittance directly -

1.Beneficiary's Name

2.Name and address of the Bank

3.Account No.

*c) Issue travellers cheques for

*d) Issue foreign currency notes for

* (Strike out whichever is not applicable)

Sr. No.

Purpose Group Name

Purpose Code

Description

As per Annexure - I

Signature

DECLARATION

(Under FEMA 1999)

I, _________________________ declare that -

*1) The total amount of foreign exchange purchased from or remitted through, all sources in India during this calendar year includ- ing this application is within USD _____________ (USD ____________________________________________________________only) the annual limit prescribed by Reserve Bank of India for the said purpose.

*2) Foreign exchange purchased from you is for the purpose indicated above.

3)We hereby declare that we have made the request to purchase foreign exchange (if applicable) only after utilizing the available balances, if any, in all our EEFC account(s)/RFC(D)(s)/ Diamond Dollar Account(s) across all banks or because we do not have any EEFC account(s) /RFC(D)(s)/ Diamond Dollar Account(s) across any bank, as the case may be.

*(Strike out whichever is not applicable)

Signature : __________________________

(The purpose codes are on the reverse)

Name

: __________________________

 

Date

: __________________________

 

Version 1.3

Annex I: Purpose codes for Reporting under FETERS A. Payment Purposes(for use in BOP file)

ADs should put a tick () against an appropriate purpose code. (In case of doubt/difficulty, consult customer/RBI.)

GR.

Purpose

 

Purpose

 

 

No.

Group Name

Description

Code

 

 

 

 

 

 

0

Capital

 

 

 

Acquisition of non-produced non-financial assets (Purchase of intangible as-

 

Account

 

S0017

 

sets like patents, copyrights, trademarks etc., land acquired by government,

 

 

 

 

 

use of natural resources) – Government

 

 

 

 

 

 

 

 

 

 

 

Acquisition of non-produced non-financial assets (Purchase of intangible

 

 

 

S0019

 

assets like patents, copyrights, trademarks etc., use of natural resources)

 

 

 

 

 

Non-Government

 

 

 

 

 

Capital transfers ( Guarantees payments, Investment Grand given by the

 

 

 

S0026

 

government/international organisation, exceptionally large Non-life insur-

 

 

 

 

 

ance claims) – Government

 

 

 

 

 

Capital transfers ( Guarantees payments, Investment Grand given by the

 

 

 

S0027

 

Non-government, exceptionally large Non-life insurance claims) – Non-

 

 

 

 

 

Government

 

 

 

 

 

 

 

 

 

S0099

 

Other capital payments not included elsewhere

 

Financial Account

 

 

 

 

 

 

 

 

 

Foreign

 

S0003

 

Indian Direct investment abroad (in branches & wholly owned subsidiaries)

 

Direct

 

 

in equity Shares

 

 

 

 

 

Investments

S0004

 

Indian Direct investment abroad (in subsidiaries and associates) in debt

 

 

 

 

 

 

 

 

instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S0005

 

Indian investment abroad – in real estate

 

 

 

S0006

 

Repatriation of Foreign Direct Investment made by overseas Investors in

 

 

 

 

India – in equity shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S0007

 

Repatriation of Foreign Direct Investment in made by overseas Investors

 

 

 

 

India – in debt instruments

 

 

 

 

 

 

 

 

S0008

 

Repatriation of Foreign Direct Investment made by overseas Investors in

 

 

 

 

India – in real estate

 

 

 

 

 

 

 

 

 

 

 

 

Foreign

 

S0001

 

Indian Portfolio investment abroad – in equity shares

 

Portfolio

S0002

 

Indian Portfolio investment abroad – in debt instruments

 

Investments

 

 

 

 

S0009

 

Repatriation of Foreign Portfolio Investment made by overseas Investors

 

 

 

 

in India – in equity shares

 

 

 

 

 

 

 

 

S0010

 

Repatriation of Foreign Portfolio Investment made by overseas Investors in

 

 

 

 

India – in debt instruments

 

 

 

 

 

 

 

 

 

 

 

 

External

 

S0011

 

Loans extended to Non-Residents

 

Commercial

S0012

 

Repayment of long & medium term loans with original maturity above one

 

Borrowings

 

 

 

year received from Non-Residents

 

 

 

 

 

 

 

 

 

 

 

 

Short

 

S0013

 

Repayment of short term loans with original maturity up to one year re-

 

term Loans

 

ceived from Non-Residents

 

Banking

S0014

 

Repatriation of Non-Resident Deposits (FCNR(B)/NR(E)RA etc)

 

Capital

 

S0015

 

Repayment of loans & overdrafts taken by ADs on their own account.

 

 

 

 

 

 

 

 

 

 

 

 

 

S0016

 

Sale of a foreign currency against another foreign currency

 

Financial

S0020

 

Payments made on account of margin payments, premium payment and

 

Derivatives

 

settlement amount etc. under Financial derivative transactions.

 

and Others

 

 

 

 

S0021

 

Payments made on account of sale of share under Employee stock option

 

 

 

S0022

 

Investment in Indian Depositories Receipts (IDRs)

 

 

 

 

 

 

 

 

 

S0023

 

Remittances made under Liberalised Remittance Scheme (LRS) for Individuals

 

External

 

S0024

 

ExternalAssistanceextendedbyIndia.e.g.LoansandadvancesextendedbyIndia

 

Assistance

 

to Foreign governments under various agreements

 

 

 

 

 

 

 

 

 

 

 

 

S0025

 

RepaymentsmadeonaccountofExternalAssistancereceivedbyIndia.

 

 

 

 

 

1

Transport

S0201

 

Payments for surplus freight/passenger fare by foreign shipping compa-

 

 

 

 

nies operating in India

 

 

 

 

 

 

 

 

S0202

 

Payment for operating expenses of Indian shipping companies operating

 

 

 

 

abroad

 

 

 

 

 

 

 

 

S0203

 

Freight on imports – Shipping companies

 

 

 

S0204

 

Freight on exports – Shipping companies

 

 

 

 

 

 

 

 

 

S0205

 

Operational leasing/Rental of Vessels (with crew) –Shipping companies

 

 

 

S0206

 

Booking of passages abroad – Shipping companies

 

 

 

 

 

 

 

 

 

S0207

 

Payments for surplus freight/passenger fare by foreign Airlines companies

 

 

 

 

operating in India

 

 

 

 

 

 

 

 

S0208

 

Operating expenses of Indian Airlines companies operating abroad

 

 

 

 

 

 

 

 

 

S0209

 

Freight on imports – Airlines companies

 

 

 

S0210

 

Freight on exports – Airlines companies

 

 

 

S0211

 

Operational leasing / Rental of Vessels (with crew) – Airline companies

 

 

 

 

 

 

 

 

 

S0212

 

Booking of passages abroad – Airlines companies

 

 

 

S0214

 

Payments on account of stevedoring, demurrage, port handling charges

 

 

 

 

etc.(Shipping companies)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S0215

 

Payments on account of stevedoring, demurrage, port handling charges,

 

 

 

 

etc.(Airlines companies)

 

 

 

 

 

 

 

 

S0216

 

Payments for Passenger - Shipping companies

 

 

 

 

 

 

 

 

 

S0217

 

Other payments by Shipping companies

 

 

 

S0218

 

Payments for Passenger - Airlines companies

 

 

 

 

 

 

 

 

 

S0219

 

Other Payments by Airlines companies

 

 

 

 

 

 

 

 

 

S0220

 

Payments on account of freight under other modes of transport (Internal

 

 

 

 

Waterways, Roadways, Railways, Pipeline transports and others)

 

 

 

 

 

 

 

 

S0221

 

Payments on account of passenger fare under other modes of transport

 

 

 

 

(Internal Waterways, Roadways, Railways, Pipeline transports and others)

 

 

 

 

 

 

 

 

S0222

 

Postal & Courier services by Air

 

 

 

S0223

 

Postal & Courier services by Sea

 

 

 

 

 

 

 

 

 

S0224

 

Postal & Courier services by others

2

Travel

 

S0301

 

Business travel.

 

 

 

 

 

 

 

 

 

S0303

 

Travel for pilgrimage

 

 

 

S0304

 

Travel for medical treatment

 

 

 

S0305

 

Travel for education (including fees, hostel expenses etc.)

 

 

 

 

 

 

 

 

 

S0306

 

Other travel (including holiday trips and payments for settling internation-

 

 

 

 

al credit cards transactions)

 

 

 

 

 

3

Construc-

S0501

 

Construction of projects abroad by Indian companies including import of

 

tion

Ser-

 

goods at project site abroad

 

vices

 

 

 

 

 

 

S0502

 

Cost of construction etc. of projects executed by foreign companies in India.

 

 

 

 

4

Insurance

S0601

 

Life Insurance premium except term insurance

 

and Pension

 

 

 

 

S0602

 

Freight insurance – relating to import & export of goods

 

Services

 

 

 

 

S0603

 

Other general insurance premium including reinsurance premium; and

 

 

 

 

 

 

 

 

term life insurance premium

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S0605

 

Auxiliary services including commission on insurance

 

 

 

S0607

 

Insurance claim Settlement of non-life insurance; and life insurance (only

 

 

 

 

term insurance)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S0608

 

Life Insurance Claim Settlements

 

 

 

S0609

 

Standardised guarantee services

 

 

 

S0610

 

Premium for pension funds

 

 

 

 

 

 

 

 

 

S0611

 

Periodic pension entitlements e.g. monthly quarterly or yearly payments

 

 

 

 

of pension amounts by Indian Pension Fund Companies.

 

 

 

 

 

 

 

 

S0612

 

Invoking of standardised guarantees

 

 

 

 

 

 

GR.

Purpose

 

Purpose

 

 

No.

Group Name

Description

Code

 

 

 

 

 

5

Financial

S0701

 

Financial intermediation, except investment banking - Bank charges, col-

 

Services

 

 

lection charges, LC charges etc.

 

 

 

 

 

 

 

S0702

 

Investment banking – brokerage, under writing commission etc.

 

 

 

 

 

 

 

 

 

S0703

 

Auxiliary services – charges on operation & regulatory fees, custodial ser-

 

 

 

 

vices, depository services etc.

 

 

 

 

 

6

Telecommu-

S0801

 

Hardware consultancy/implementation

 

nication,

 

 

 

 

 

 

S0802

 

Software consultancy / implementation

 

Computer &

 

 

Information

S0803

 

Data base, data processing charges

 

Services

 

S0804

 

Repair and maintenance of computer and software

 

 

 

 

 

 

 

 

 

 

 

 

 

S0805

 

News agency services

 

 

 

S0806

 

Other information services- Subscription to newspapers, periodicals

 

 

 

 

 

 

 

 

 

S0807

 

Off-site software imports

 

 

 

S0808

 

Telecommunication services including electronic mail services and voice

 

 

 

 

mail services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S0809

 

Satellite services including space shuttle and rockets etc.

 

 

 

 

 

 

7

Charges

for

S0901

 

Franchises services

 

the

 

 

 

 

 

use of

 

 

 

Payment for use, through licensing arrangements, of produced originals

 

intellectual

 

 

 

S0902

 

or prototypes (such as manuscripts and films), patents, copyrights, trade-

 

p r o p e r t y

 

 

 

 

marks and industrial processes etc.

 

n.i.e

 

 

 

 

 

 

 

 

8

Other Busi-

S1002

 

Trade related services – commission on exports / imports

 

ness

Ser-

S1003

 

Operational leasing services (other than financial leasing) without operating

 

vices

 

 

 

 

 

crew, including charter hire- Airlines companies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S1004

 

Legal services

 

 

 

S1005

 

Accounting, auditing, book-keeping services

 

 

 

 

 

 

 

 

 

S1006

 

Business and management consultancy and public relations services

 

 

 

S1007

 

Advertising, trade fair service

 

 

 

 

 

 

 

 

 

S1008

 

Research & Development services

 

 

 

 

 

 

 

 

 

S1009

 

Architectural services

 

 

 

S1010

 

Agricultural services like protection against insects & disease, increasing of

 

 

 

 

harvest yields, forestry services.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S1011

 

Payments for maintenance of offices abroad

 

 

 

S1013

 

Environmental Services

 

 

 

 

 

 

 

 

 

S1014

 

Engineering Services

 

 

 

S1015

 

Tax consulting services

 

 

 

 

 

 

 

 

 

S1016

 

Market research and public opinion polling service

 

 

 

 

 

 

 

 

 

S1017

 

Publishing and printing services

 

 

 

S1018

 

Mining services like on–site processing services analysis of ores etc.

 

 

 

 

 

 

 

 

 

S1020

 

Commission agent services

 

 

 

S1021

 

Wholesale and retailing trade services.

 

 

 

 

 

 

 

 

 

S1022

 

Operational leasing services (other than financial leasing) without operating

 

 

 

 

crew, including charter hire- Shipping companies

 

 

 

 

 

 

 

 

S1023

 

Other Technical Services including scientific/space services.

 

 

 

 

 

 

 

 

 

S1099

 

Other services not included elsewhere

 

 

 

 

 

9

Personal,

 

 

 

 

Cultural &

S1101

 

Audio-visual and related services like Motion picture and video tape pro-

 

Recreational

 

duction, distribution and projection services.

 

services

 

 

 

 

 

 

 

 

 

 

 

 

 

S1103

 

Radio and television production, distribution and transmission services

 

 

 

S1104

 

Entertainment services

 

 

 

 

 

 

 

 

 

S1105

 

Museums, library and archival services

 

 

 

 

 

 

 

 

 

S1106

 

Recreation and sporting activities services

 

 

 

S1107

 

Education (e.g. fees for correspondence courses abroad )

 

 

 

 

 

 

 

 

 

S1108

 

Health Service (payment towards services received from hospitals, doctors,

 

 

 

 

nurses, paramedical and similar services etc. rendered remotely or on-site)

 

 

 

 

 

 

 

 

S1109

 

Other Personal, Cultural & Recreational services

 

 

 

 

 

 

10

Govt.

not

S1201

 

Maintenance of Indian embassies abroad

 

included else-

S1202

 

Remittances by foreign embassies in India

 

where(G.n.i.e.)

 

 

 

 

 

 

11

Secondary

S1301

 

Remittance for family maintenance and savings

 

Income

 

S1302

 

Remittance towards personal gifts and donations

 

 

 

 

 

 

 

 

 

 

 

 

 

S1303

 

Remittance towards donations to religious and charitable institutions abroad

 

 

 

S1304

 

Remittance towards grants and donations to other governments and chari-

 

 

 

 

table institutions established by the governments.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S1305

 

Contributions/donations by the Government to international institutions

 

 

 

 

 

 

 

 

 

S1306

 

Remittance towards payment / refund of taxes.

 

 

 

S1307

 

Outflows on account of migrant transfers including personal effects

 

 

 

 

 

 

12

Primary

 

S1401

 

Compensation of employees

 

Income

 

S1402

 

Remittance towards interest on Non-Resident deposits (FCNR(B)/NR(E)RA, etc.)

 

 

 

 

 

 

 

 

 

 

 

 

 

S1403

 

Remittance towards interest on loans from Non-Residents (ST/MT/LT loans) e.g.

 

 

 

 

External Commercial Borrowings, Trade Credits, etc.

 

 

 

 

 

 

 

 

S1405

 

Remittance towards interest payment by ADs on their own account (to

 

 

 

 

VOSTRO a/c holders or the OD on NOSTRO a/c.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S1408

 

Remittance of profit by FDI enterprises in India (by branches of foreign

 

 

 

 

companies including bank branches)

 

 

 

 

 

 

 

 

S1409

 

Remittance of dividends by FDI enterprises in India (other than branches)

 

 

 

 

on equity and investment fund shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S1410

 

Payment of interest by FDI enterprises in India to their Parent company abroad.

 

 

 

S1411

 

Remittance of interest income on account of Portfolio Investment in India

 

 

 

 

 

 

 

 

 

S1412

 

Remittance of dividends on account of Portfolio Investment in India on eq-

 

 

 

 

uity and investment fund shares

 

 

 

 

 

13

Others

 

S1501

 

Refunds / rebates / reduction in invoice value on account of exports

 

 

 

S1502

 

Reversal of wrong entries, refunds of amount remitted for non-exports

 

 

 

 

 

 

 

 

 

S1503

 

Payments by residents for international bidding

 

 

 

S1504

 

Notional sales when export bills negotiated/ purchased/ discounted are

 

 

 

 

dishonored/ crystallised/ cancelled and reversed from suspense account

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S1505

 

Deemed Imports (exports between SEZ, EPZs and Domestic tariff areas)

14

Maintenance

S1601

 

Payments on account of maintenance and repair services rendered for

 

and repair

 

 

Vessels, ships, boats, warships, etc.

 

s e r v i c e s

S1602

 

Payments on account of maintenance and repair services rendered for air-

 

n.i.e

 

 

 

 

 

crafts, space shuttles, rockets, military aircrafts, helicopters, etc.

 

 

 

 

 

15

Manufactur-

 

 

 

 

ing services

S1701

 

Payments for processing of goods

 

(goods

for

 

 

processing)