What Documents Required for Foreign Remittance?

Foreign remittance from India involves transferring funds from an Indian account to an overseas account. Whether it is for education, business, family maintenance, or any other purpose, certain documents are required to comply with the guidelines of the Reserve Bank of India (RBI). Here are complete details about documents required for foreign remittance from India.

What are the Foreign Remittance Documents Required?

A filled-out and signed Remittance Request Form provided by the bank or financial institution, detailing the amount, purpose, and beneficiary details.

Proof of Identity

• Valid Passport: A copy of your passport (first and last pages) is usually required.

• Aadhaar Card or Voter ID: For identity verification in addition to the passport.

Proof of Address

• Overseas Address Proof: If applicable, utility bills, lease agreements, or bank statements.

• Indian Address Proof: Utility bills, Aadhaar, or voter ID card.

A copy of the PAN card is essential for any remittance transaction, especially if the amount exceeds Rs. 50,000.

Source of Funds (if applicable)

• Bank Statements: Recent statements showing the source of funds, especially for large transactions.

• Salary Slips: If the remittance is related to income earned.

Purpose-Specific Documents

• Educational Remittance: Admission letter, fee structure, or invoice from the institution.

• Medical Remittance: Invoice or estimate from the hospital or medical institution.

• Family Maintenance: A self-declaration stating the purpose.

The RBI mandates Form A2 for remittance requests above a certain limit. It declares the purpose of remittance and ensures compliance with FEMA (Foreign Exchange Management Act) guidelines.

Some banks may require additional documents, like a Letter of Authorization or KYC forms, depending on the remittance amount and the client’s relationship with the bank.

By ensuring you have the right documents, the remittance process becomes smoother and faster, whether it’s for personal or business needs. This is all about documents for foreign remittance.

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Hey there, I can help you with the documents required for foreign remittance. I sent money through HDFC Bank a few months ago to Canada to my sister for an emergency. Talking about the remittance, the documents needed aren’t a lot, and the process is quite simple, as well. The documents needed are the application form for outward remittance from your NRO account, form A2, source of funds proof, and so on. 

Below, I am sharing the links to the respective forms that you can download and fill in to move ahead with the remittance process.

What are the Documents Required for Outward Remittance HDFC Bank?

Here are the links to download the respective documents for foreign remittance.

1. Application form for Outward Remittance from NRO Account

2. Form A2

3. Form 15CA

4. As far as Form 15 CB is concerned, you need to obtain it from your chartered accountant. 

That’s all from my side regarding the documents required for foreign remittance for import. I hope this helps you complete the foreign remittance. 

Hey,

If you have noticed that most government schemes and services require documents to be submitted. The documents are used for verifying the data submitted by citizens. Similarly, you need to submit all the documents required for foreign remittance from India in case you want to send money abroad.

You need to submit list of documents required for foreign remittance for India as The Income Tax Department of India will authenticate payments or funds transferred to an NRI (Non-Resident Indian) or foreign company. According to the Income Tax Act, any amount that is taxable according to the law needs to be accounted for in foreign remittance. 

There isn't an insanely long list for the process. You just need to submit Form 15 CA and Form 15 CB. The forms can be submitted online. Certain banks ask for a certificate from a Chartered Accountant. 

It is in Form 15 CB that a chartered accountant looks at the taxability of the remittance as per Income tax. They also look at any provisions of the Double Tax Avoidance Agreement according to the laws of the Recipient’s Residence Country

Foreign remittance documents, especially Form 15CB hold necessary information for the process. It includes details of the remitter, details of the remittee, nature of remittance (whether salary, commission, royalty) etc.

In case you have any doubts on list of

documents required for foreign remittance from India

, leave them in the comment section below.

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