Hsbc Fund Transfer Form PDF Details

The HSBC Fund Transfer Form embodies a comprehensive tool designed for individuals wishing to execute outward telegraphic transfers, demand drafts, or engage in the Liberalised Remittance Scheme (LRS). Tailored to accommodate a variety of transactions, this form captures detailed applicant information, encompassing name, contact, and fiscal identifiers such as PAN for transactions surpassing USD 25,000. This versatility extends to cater to both residents and non-residents, including foreign nationals across different constitution types like proprietorships and partnerships, among others. The form intricately details transfer instructions, stipulating the authorization to debit specified accounts, in precise currencies and amounts, underpinning the applicant's transaction intent. Moreover, it delineates the remittance procedure, allowing for the disbursal of foreign currency notes or demand drafts, subject to the remitter’s preference and the transaction's nature. A crucial aspect encapsulated within this document is the obedience to regulatory frameworks, spotlighting the FEMA declaration, underscoring the legalities surrounding foreign exchange transactions. Crucially, it demands the selection of appropriate purpose codes, ensuring transactions align with regulatory stipulations. Furthermore, the form outlines the obligations concerning charges and delineates routing instructions for payments, highlighting intermediary and beneficiary bank details to streamline the fund transfer process. With an underlying emphasis on compliance and accuracy, the form mandates completeness and veracity, ensuring that applications adhere to specified terms and conditions to facilitate a smooth remittance experience.

QuestionAnswer
Form NameHsbc Fund Transfer Form
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other nameshsbc form download, hsbc application cum, hsbc forms, hsbc forms download

Form Preview Example

OUTWARD TELEGRAPHIC TRANSFER/DEMAND DRAFT/

LIBERALISED

REMITTANCEAPPLICATIONSCHEMECUM FORM(LRS)A2

Date:

Applicant’s information (Sender/Remitter)

Name of Sender/Remitter:

Contact tel. no.:

Address:

PAN no.:

(For all capital account transactions and any other remittances exceeding USD 25,000)

Status:

 

Resident

 

NRI

 

Foreign National

 

 

 

Constitution:

 

Proprietorship

 

 

Partnership

 

Limited Co.

 

 

 

 

Transfer instructions

I/We authorise you to debit my/our savings/current/EEFC/RFC HSBC branch (location)

Account no.

for (currency) (amount)

and debit my/our savings/current/EEFC/

RFC Account nos.

for the balance amount and

(Please provide multiple account numbers in order of priority for debit in case of insufficient EEFC balances.)

Others

(Please specify)

 

Account type:

Premier

Others

Staff:

Yes

No (Staff - Any employees of HSBC Group companies

 

 

including employees of HSBC India.)

Remittance of Currency

Foreign Currency Notes

Amount (in figures)

Amount (in words)

(E.g. USD 1,000)

Source of funds:

charges from

1. Issue a Foreign currency Demand Draft

2. Effect a Telegraphic Transfer

3. Foreign Currency Notes

Tick (√) the option applicable for the purpose(s) indicated below)

Remittance of Currency

Equivalent of Currency

Amount (in figures)

Amount (in words)

(E.g. USD equivalent of 45,000)

account, and

56A

Intermediary bank

Name:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Optional - for

Address:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

routing payment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

to beneficiary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank

Country:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Swift Code/Chips ID/Australia BSB Code/USA Fed Wire/USA ABA/

 

 

 

 

 

 

 

 

UK Sort Code/UID no.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

57

Beneficiary’s bank

Beneficiary bank’s Name:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Address:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Country:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Please fill up any of the following (as applicable):

 

 

 

 

 

 

 

 

 

 

 

For USD payment:

 

For Euro payment:

 

 

 

 

 

in USA

Fedwire No.:

 

in UK

Sort Code:

 

 

 

 

 

 

 

outside USA

 

 

 

 

outside UK

Swift Code:

 

 

 

 

 

Swift Code:

 

 

 

 

 

 

For GBP payment:

 

 

 

For AUD:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

in UK

Sort Code:

 

in Australia

BSB Code:

 

 

 

 

 

 

 

 

 

 

 

outside USA

Swift Code:

 

 

 

Swift Code:

 

 

 

 

 

 

 

 

 

For any other currencies:

 

 

 

outside Australia Swift Code:

 

 

 

 

 

 

 

 

 

 

 

 

 

in any country Swift Code:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer’s signature

OUTWARD_T T_DD_ LRS_FORM_04/19

59 Beneficiary

Name of beneficiary:

 

 

 

 

 

 

 

 

 

 

 

Residential status of beneficiary:

Resident

Non-resident

 

Student name and ID (in case of payment to university):

Address:

Account number: (Required only when the remittance is to be directly credited to the Bank account of the beneficiary)

Country:

IBAN (mandatory for payment in UK, Europe, Jordan, Qatar and UAE) :

 

Sr. No.

Whether under LRS (Yes/No)

Purpose Code

Description

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As per the purpose code mentioned below:

Remitter should select the appropriate purpose code. In case of doubt/difficulty, please consult the Bank.

Please select the appropriate purpose code

For the complete list of purpose codes, please refer to the ‘RBI purpose codes for Forex transactions’ on our website www.hsbc.co.in

If payment is for import of services (Purpose Group Nos. 02, 03, 05, 06, 07, 08, 09, 10, 11, 15, 16 or 17), please indicate:

Name of the country providing ultimate services:

71

 

 

All local and overseas charges

OR

 

 

All local and overseas charges

OR

 

Local charges to be borne by remitter

 

 

 

 

 

 

 

 

to be borne by beneficiary (BEN)

 

 

to be borne by remitter (OUR)

 

and overseas charges by beneficiary (SHA)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

72

Bank to bank information (if any):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ordering Party Details

 

 

 

 

 

 

 

 

Is this payment on behalf of a third party?

Yes

No (If so, please provide details of the ordering party)

 

 

 

 

 

 

 

 

 

 

 

 

Account Identifier:

 

 

 

 

 

 

 

 

 

Full Name:

Full Address:

Country/Territory:

FEX contract details (As applicable)

FEX contract numbers booked:

FEX rates:

Contract to be picked up:

Dealer’s name:

Points to note

1.The form must be complete in all respects.

2.In case funds have to be routed through multiple financial institutions/banks, additional sheets may be used to give the route of funds in details.

We authorise the Bank to debit the sum of amount for the lawful purpose detailed above and agree to abide by the terms and conditions printed below:

Signature verified by __________________________________________________________

(Name of the staff with ID)

Customer’s signature

Terms and Conditions

In requesting the Bank to make the Telegraphic Transfer/Demand Draft, I/we hereby agree that it is to be despatched in accordance with the following conditions:

FEMA declaration needs to be signed compulsorily

In the absence of specific instructions to the contrary, the Telegraphic Transfer/Demand Draft will be effected in the currency of the country in which payment is to be made

All charges/commission incurred outside India are for the beneficiary’s account unless specified

The Bank reserves the right to draw this Telegraphic Transfer/Demand Draft on a different place from that specified by the remitter if operational circumstances so require

Telegraphic Transfer is to be dispatched entirely at the remitter’s own risk and for a Demand Draft, the Bank will not be responsible for mail service failure if it is dispatched on behalf of the customer

Where the Bank is unable to provide a firm exchange rate quotation, the Bank shall effect the remittance on the basis ofa provisional exchange rate which shall be subject to adjustment when the actual exchange rate is ascertained. Any difference between the provisional rate and the actual rate shall be debited/credited (as the case may be) to the applicant’s account

The Bank is at liberty to send the Telegraphic Transfer either literally or in cipher and the Bank accepts no responsibility for any loss, delay, error, omission or mutilation which may occur in the transmission of any message or for its misinterpretation when received

OUTWARD_T T_DD_ LRS_FORM_04/19

Applications received will be processed on the availability of market rates and applications for same day value are subject to cut-off times related to the geographical location of the destination

Encashment of the remittance is subject to any exchange control or restrictions which may be imposed by the rules and regulations of the country where encashment is to be made. Neither the Bank nor its correspondents shall be liable for any loss or delay caused by any suchrules and regulations

The Bank reserves the right to revise all Telegraphic Transfer charges from time to time without prior notice

Please note that the Bank does not extend any kind of credit facilities to resident individuals to facilitate remittances under the Liberalised Remittance Scheme (LRS). Therefore utilising the proceeds of loan amount towards facilitating remittances under the LRS is prohibited. (Applicable for remittance under LRS)

In case the residential status of the beneficiary is 'resident' remittance under the LRS cannot be effected

Effective 7 March 2015, for all Funds Transfer requests of Value greater than 200,000, a cancelled cheque of the account from which the transaction is being carried out will be required to be submitted additionally, along with the requisite documentation

NRIs/PIOs, on submission of documentary evidence, can remit up to USD one million, per financial year out of balances in their Non-Resident Ordinary (NRO) accounts from proceeds through sale of assets acquired in India by way of inheritance or legacy. However the said remittance should be made out of the remitter's balances held in the NRO account arising from his/her legitimate receivables in India and not by borrowing from any other person or a transfer from any other NRO account. You are requested to provide a declaration for the same. Do note that non adherence of the said guideline will render yourself liable for penal action under the Foreign Exchange Management Act (FEMA).

*Declaration (Under FEMA 1999)

1)I, _________________________________________________________________________________________ hereby declare that the total amount of foreign exchange

purchased from or remitted through all sources in India (either in an individual capacity or in the capacity as a sole proprietor or both put together) during the

financial year including this remittance, loan extended or gift made in rupees credited to NRO account of non-resident close relative(s) (as defined under Section 6 of Company Act 1956), is within the overall limit of the Liberalised Remittance Scheme as prescribed by the Reserve Bank of India and certify that the sources of funds for making the said remittance belong to me and the foreign exchange will not be used for prohibited purposes.

Details of the remittances made/transactions effected under the Liberalised Remittance Scheme in the current financial year (April - March)

Sl. No.

Date

Amount

Name and address of AD branch/FFMC through which the transaction has been effected

2) I, __________________________________________________________________________________________________________________________

The total amount of foreign exchange purchased from or remitted through, all sources in India during this financial year (as applicable)

including this application is within USD

 

 

 

 

 

 

 

 

 

 

 

 

(USD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________________________________________________________________________________________________________ only) the

annual limit prescribed by Reserve Bank of India for the said purpose.

Foreign exchange purchased from you is for the purpose indicated above. (Strike out whichever is not applicable)

Signature of the applicant

Signature of the natural guardian of the applicant@

Name

 

Name

 

@Where the applicant is minor, the application should be signed by minor’s natural guardian.

Date:

Certificate by the Authorised Dealer

This is to certify that the remittance is not being made by/to ineligible entities and that the remittance is in conformity with the instructions issued by the Reserve Bank from time to time under the Scheme.

Name of the authorised official:

Designation of the authorised official:

 

 

 

 

Place:

Date:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stamp and Seal

 

 

Signature

For delivery of Demand Drafts

 

 

 

 

 

 

 

 

 

Please deliver the Demand Draft to bearer Mr./Mrs.

 

 

 

 

 

 

 

 

 

whose signature is appended below:

 

 

 

 

 

 

 

 

 

 

 

I hereby acknowledge receipt of the Demand Draft

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Signature of the bearer)

(Signature of the remitter)

 

 

(Signature of the bearer)

For office use only

 

 

 

 

 

 

 

 

 

AD Code no.:

Form no.:

Currency:

 

Equivalent to

 

 

 

 

Amount:

 

(To be filled in by authorised dealer)

OUTWARD_T T_DD_ LRS_FORM_04/19

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2. The next stage is to submit all of the following blanks: Issue a Foreign currency Demand, Tick the option applicable for, Remittance of Currency Equivalent, Amount in figures Amount in words, Account type Staff Yes, Staff Any employees of HSBC Group, Details of foreign exchange, Remittance of Currency, Foreign Currency Notes, Amount in figures Amount in words, Source of funds, A Intermediary bank, Name, Optional for routing payment to, and Address.

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3. Completing Beneficiary banks Name, Address, Country, Please fill up any of the, Fedwire No Swift Code, For USD payment in USA outside USA, Sort Code Swift Code, Customers signature, OUTWARDT TDD LRSFORM, For Euro payment in UK outside UK, Swift Code, Sort Code Swift Code, BSB Code, and outside Australia Swift Code is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

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Regarding For USD payment in USA outside USA and outside Australia Swift Code, make sure that you double-check them here. Both these are certainly the most important fields in this PDF.

4. Filling out Beneficiary, Name of beneficiary, Residential status of beneficiary, Nonresident, Address, Account number Required only when, Country, IBAN mandatory for payment in UK, Sr No, Whether under LRS YesNo, Purpose Code, Description, As per the purpose code mentioned, Please select the appropriate, and For the complete list of purpose is vital in the next part - be sure to take the time and fill out every empty field!

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5. The very last stage to submit this PDF form is pivotal. Ensure to fill in the necessary blank fields, for example If payment is for import of, All local and overseas charges to, All local and overseas charges to, Local charges to be borne by, Bank to bank information if any, Ordering Party Details Is this, CountryTerritory, FEX contract details As applicable, FEX rates, Contract to be picked up Dealers, Yes, If so please provide details of, Points to note, The form must be complete in all, and In case funds have to be routed, before submitting. In any other case, it may result in an unfinished and potentially nonvalid document!

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