Form A2

Form A 2

Form A2 is the mandatory application-cum-declaration form required by the Reserve Bank of India (RBI) for making cross-border outward remittances from India. It serves as a dual-purpose document confirming that the foreign exchange transaction complies with the Foreign Exchange Management Act (FEMA), 1999. 

Form A2 is used for all foreign exchange remittances (other than Imports) including non-trade transactions, services, travel, and education under the Liberalised Remittance Scheme (LRS)

Customers can submit Form A2 in both online (digital) and physical modes. Most online banking platforms and remittance services seamlessly auto-generate this form digitally during the transaction flow. 

According to A.P. (DIR Series) Circular No. 12 (July 2024), the RBI removed the previous transaction value limits on outward remittances submitted online via Form A2, allowing financial institutions greater flexibility to process higher volumes digitally. 

Form A2 cannot be processed in isolation. It must be supported by: 

• Permanent Account Number (PAN): Absolutely mandatory for all individual LRS remittances. 

• Financial/Commercial Evidence: Invoices, university offer letters, or medical bills that directly substantiate the selected Purpose Code. 

• Tax Compliance Forms: Depending on the transaction type and volume, banks will require the concurrent submission of Form 145 and Form 146 alongside Form A2 to satisfy Indian Income Tax mandates.