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Bank of India (New Zealand) Limited STAR INSTAR TRANSFER2INDIA FORM PANTONE 300C Request for remittance of funds to India. Please complete Boxes A to D. C 100 M 40 Y 0 K 0 PANTONE 1655C A. Details.

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Foreign Inward Remittance Certificate document includes the below information: Name and address of the first bank handling the foreign transaction. Beneficiary Name. Indicating whether the amount is paid in cash or to the bank account of the person. Name and address of the person who sent the money.

At the first stage the Sender of money (Remitter) goes to his bank account and submit the request for payment into receiver's (Remittee) account. After completion of the transaction Remitter Bank provide an acknowledgement of transfer which the Remitter has to provide to the Remittee.

The said Rule provides in case of foreign payment, the person making the payment is required to furnish Form 15CA and 15CB subject to certain exceptions. Form 15CB is a certificate issued by a Chartered Accountant as regards to rate of tax to be deducted on foreign payment.

Liberalised Remittance Scheme (LRS) was brought into effect by the Reserve Bank of India in 2004. ing to it, residents of India can remit a maximum of $250,000 within a given financial year to individuals living overseas. This includes both capital and current account transactions.

Once the money is credited to the account, the beneficiary must apply for the FIRC Certificate stating the purpose clearly. Based on the information provided, the AD (typically a bank) will provide the FIRC. The bank will charge a fee from the beneficiary to issue the foreign remittance certificate.

Form 15CA is available to all persons requiring to file declaration form of the foreign remittance made outside India. This form is filed for each remittance made by a person responsible for such remittance, before remitting the amount and can be submitted in both online and offline modes.

What is the LRS remittance limit? LRS allows Indian residents to freely remit up to USD $250,000 per financial year for current or capital account transactions or a combination of both. Any remittance exceeding this limit requires prior permission from the RBI.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232