Form A2 - LRS

HO: International Banking Division
4th Floor, A Wing ,Plot No. 4,Sector 10, Dwarka New Delhi -110075
Annexure
APPLICATION- CUM-A2 FORM
TRANSACTIONS UNDER LIBERALISED REMITTANCE SCHEME

{Telegraphic Transfer (TT) / Demand Draft (DD) /Foreign Currency Notes (CN)}
AD Code :
Branch D No. :
To,
The Branch Head
Punjab National Bank
B/o
SUB: APPLICATION FOR DRAWL OF FOREIGN EXCHANGE

A. Details of the Applicant:
Name of the Applicant
Address
Email ID and contact number
PAN No. ( Mandatory)
A.1 Remittances under the Scheme can be consolidated in respect of family members
subject to individual family members complying with its terms and conditions. However,
clubbing is not permitted by other family members for capital account transactions such as
opening a bank account/investment/purchase of property, if they are not the co-owners/co-
partners of the overseas bank account/ investment/property. Further, a resident cannot gift
The required information for clubbing, if any, is as under:
S. Name of Relation Purpose of Date of Name of AD PAN Amount of

No. Family remittance remittance, Bank/Branch remittance
member if done (in USD)
B. Details of Foreign Exchange drawl, Mode, Purpose and Source of Funds:

B(1) I / We request you to issue (Tick the appropriate box)
Telegraphic Transfer (TT)

Demand Draft (DD)
Foreign Currency Notes (CN)
Fill-up either B(2a) OR B (2b)

B (2a). For remittance of fixed amount of Foreign Currency:
Name of Foreign Currency
FC Amount in figures
FC Amount In words
OR
B (2b). For remittance of equivalent of Foreign Currency of Fixed Rupee Amount
Foreign Currency
INR Amount in figures
INR Amount In words
B (3). Purpose of Remittance with Purpose Group & Code (For details refer Appendix)
Purpose Purpose Whether under Purpose Description

Group Code LRS(YES/NO)
B(4) Country code providing ultimate services (if the purpose group No. is
02,03,05,06,07,08,09,10,11,15,16 or 17)
Name of the country
providing ultimate services:
B(5). Source of Funds
Source of funds
In case of Education Loan Amount:
Education loan, give
loan amount and Margin Amount:
margin separately
C. Beneficiary Details:
(in case GIC payment address

as per passport may also be
given)
case of Telegraphic Transfer)
case of Telegraphic Transfer)

University/Student reference
No., if student abroad
Address including Country

(in case of Telegraphic
Transfer) SWIFT code
IBAN
Intermediary Bank details (if
applicable)
SWIFT code
IBAN
Correspondent Bank charges [ ] Beneficiary(BEN)
borne by (select any one) [ ]Remitter(OUR)
[ ]Sharing(SHA)
D. the details of Forward Contract s, if any, booked against this payment is/are as
follows
Forward Contract Forward Contract Amount to be Due Date of the
No. & Date Amount Utilized for this Contract
remittance
C. I/We authorize you to debit my Saving Account No. -------------------------------------------------------

with you for effecting remittance as detailed above at current market rate along with your
charges and applicable government tax. I ensure that I will maintain sufficient balance in the
account equivalent to remittance amount plus bank charges. I understand that Bank shall not
be liable for any consequences arising out of the Bank's failure to carry out such instructions
due to non maintenance of balance in the account and I/WE shall be responsible to repay
any loss incurred due to adverse fluctuation in the currency rates with interest due to non
maintenance of the sufficient balance in the account.
Declaration under FEMA 1999 as per Form A2:
I / We, (Name)
declare that the total amount of foreign exchange purchased from or remitted through, all
sources in India, during the financial year including this application is within the overall limit of
the Liberalized Remittance Scheme prescribed by the Reserve Bank of India i.e. USD
250,000/= (USD TWO HUNDERED FIFTY THOUSAND ONLY.) And certify that the source
of funds for making the said remittance belongs to me and the foreign exchange will not be
used for prohibited purposes.
Details of the remittances made/transactions effected under the Liberalized Remittance

Scheme in the current financial year(April to March ) is as follows:-
Sr. Date Amount in Purpose Name and address of AD branch

No. Foreign through which the transaction has
Currency been effected
Declaration by Applicant
I/We (Name) hereby declare that-
1. I am a person resident in India.

2. I / We shall be responsible and liable for any incorrect detail provided by me /us.
3. I / We shall also hereby agree and undertake to give such information / documents as
will reasonably satisfy you about this transaction in terms of the above declaration.
4. I have not availed any loan / credit / borrowings for remitting under Liberalized
Remittance Scheme for Capital Account transactions
5. The remittance is not being requested for any purpose specifically prohibited under
Schedule I or any item restricted under Schedule II of Foreign Exchange Management
(Current Account Transaction) Rules, 2000.
6. The remittance is not being requested for any transaction not permissible under FEMA
and those in the nature of remittance for margins or margin calls to overseas exchanges
/ overseas counter party are not allowed under the Scheme.
7. The remittance is not being sent directly or indirectly to Bhutan and Nepal or countries
identified by Financial Action Task Force (FATF) as non-co-operative countries and
territories as available on FATF website www.fatf-gafi.org. or as notified by the Reserve
Bank of India
8. The remittance is not being sent directly or indirectly to those individuals and entities
identified as posing significant risk of committing acts of terrorism as advised separately
by the RBI to the banks.
9. The remittance is not being sent for purchase of FCCBs issued by Indian companies in
the overseas secondary market.
10. The remittance is not being sent for trading in foreign exchange abroad.
11. In case of foreign remittance is for the purpose of Gift, I confirm that beneficiary is not a
resident of India.
Declaration-cum-undertaking under Sec10(5), Chapter-III of FEMA 1999, is as under:
I / We hereby declare that the transaction details of which are mentioned above does not
involve, and is not designed for the purpose of any contravention or evasion of the
provisions of the aforesaid Act, or of any rule, regulation, notification, direction or order
made there under.
I / We also understand that if I / we refuse to comply with any such requirement or make
only unsatisfactory compliance therewith, the Bank shall refuse, in writing, to understand
the transaction and shall, if it has reason to believe that any contravention / evasion is
contemplated by me / us, report the matter to Reserve Bank of India.
I / We also hereby agree and undertake to give such information / documents as will
reasonably satisfy you about this transaction, in terms of the above declaration.
Yours faithfully,
Signature of Applicant/Guardian
Account Number:
Date:
For office use, to be filled by bank official:

Certificate by the A D Branch
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
of India from time to time under the Liberalized Remittance Scheme.
Name and designation of the authorized official:
Signature: Stamp and seal:
Date and Place:

Appendix to Annexure
Purpose Codes for Reporting under LRS
Purpose Name Group Purpose Description

Code
Capital Account 00 S0005 Purchase of Immovable Property

Transactions 00 S0001 Indian Portfolio investment abroad in equity shares
00 S0002 Indian Portfolio investment abroad in debt instruments
00 S0003 Indian Direct investment abroad (in branches & wholly owned
subsidiaries) in equity Shares
00 S0004 Indian Direct investment abroad (in subsidiaries and associates) in
debt instruments
00 S0021 Payments made on account of sale of share under Employee stock
Option
00 S0022 Investment in Indian Depositories Receipts (IDRs)
00 S0023 Opening of foreign currency account abroad with a bank under LRS
Current Account 03 S0301 Business travel.

Transactions 03 S0303 Travel for pilgrimage
03 S0304 Travel for medical treatment
03 S0305 Travel for education (including fees, hostel expenses etc.)
03 S0306 Travel for Employment and Personal
13 S1301 Maintenance of Close Relatives
11 S1108 Medical Treatment
11 S1107 Studies Abroad
13 S1307 Emigration
00 S0011 Loans extended to Non-Residents close relative
06 S0603 Health Insurance
13 S1302 Gift
13 S1303 Donation
Any other applicable purpose code added by RBI from time to time.

Form A2 - LRS

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HO: International Banking Division

APPLICATION- CUM-A2 FORM

TRANSACTIONS UNDER LIBERALISED REMITTANCE SCHEME

SUB: APPLICATION FOR DRAWL OF FOREIGN EXCHANGE

Email ID and contact number

PAN No. ( Mandatory)

The required information for clubbing, if any, is as under:

S. Name of Relation Purpose of Date of Name of AD PAN Amount of

B. Details of Foreign Exchange drawl, Mode, Purpose and Source of Funds:

Telegraphic Transfer (TT)

Fill-up either B(2a) OR B (2b)

Purpose Purpose Whether under Purpose Description

B(5). Source of Funds

(in case GIC payment address

case of Telegraphic Transfer)

case of Telegraphic Transfer)

Address including Country

C. I/We authorize you to debit my Saving Account No. -------------------------------------------------------

Details of the remittances made/transactions effected under the Liberalized Remittance

Sr. Date Amount in Purpose Name and address of AD branch

I/We (Name) hereby declare that-

1. I am a person resident in India.

Declaration-cum-undertaking under Sec10(5), Chapter-III of FEMA 1999, is as under:

For office use, to be filled by bank official:

Name and designation of the authorized official:

Signature: Stamp and seal:

Date and Place:

Purpose Codes for Reporting under LRS

Purpose Name Group Purpose Description

Capital Account 00 S0005 Purchase of Immovable Property

Current Account 03 S0301 Business travel.

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