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India City Union Bank Form A1 free printable template

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(To be printed on Light Yellow paper) A.D. Code No. Form No. (To be filled by authorized dealer) Form A1 (For Import Payments only) Serial No. (for use of Reserve Bank of India) Application for Payment
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How to fill out India City Union Bank Form A1

01
Obtain the Form A1 from the India City Union Bank website or a local branch.
02
Fill in your personal details such as name, address, and contact information at the top of the form.
03
Specify the purpose of the fund transfer under the relevant section.
04
Provide details of the beneficiary, including their name, account number, and bank name.
05
Indicate the amount you wish to transfer and the currency type.
06
Fill in your account number with India City Union Bank.
07
Sign and date the form at the designated area.
08
Submit the form along with any required supporting documents to your nearest India City Union Bank branch.

Who needs India City Union Bank Form A1?

01
Individuals or businesses looking to transfer funds internationally.
02
Customers who are conducting transactions that require a declaration of the source of funds.
03
Anyone complying with the RBI regulations for outward remittance.
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People Also Ask about

A1 forms prove to the EU Member State that the employee travelling pays social security in the UK and doesn't need to pay in the EU country where they are travelling.
Under the Liberalised Remittance Scheme (LRS), the Indian government and the Reserve Bank of India (RBI) now require an LRS Declaration form (fully titled “A2 cum LRS Declaration”) to transfer funds abroad. If you select to pay via “Domestic Bank Transfer in INR”, you may be required to fill out and submit this form.
The A1 form certifies which social security legislation applies to the holder of the form. It will generally be needed in situations where you, as an employed or self-employed person, have a connection through your employment or self-employment with more than one EU country (1).
82 dated February 21, 2012 in terms of which applications by persons, firms and companies for making payments, exceeding USD 5,000 or its equivalent towards imports into India must be made in Form A-1.
A1 - Application for Remittance in Foreign Currency (For Import Payments Only) 4. A1 - Application for Transfer of Indian Rupees to the Account of a Non-Resident Bank. 5. A2 - Application for Remittance Abroad (For Payments other than Imports and Remittances Covering Intermediary Trade)
To further liberalise and simplify the procedure, it has been decided to dispense with the requirement of submitting request in Form A-1 to the AD Category –I Banks for making payments towards imports into India.

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India City Union Bank Form A1 is a financial document used by individuals or entities to apply for certain banking services or loans from the City Union Bank in India.
Individuals or businesses seeking bank loans, financial services, or certain account types provided by City Union Bank are required to file Form A1.
To fill out Form A1, applicants should provide their personal or business details, financial information, and the specific purpose for which they seek banking services, ensuring all fields are accurately completed.
The purpose of Form A1 is to collect information from applicants to evaluate their needs and assess their eligibility for the banking products or services requested.
Information required on Form A1 typically includes the applicant's name, address, contact details, income details, financial history, and specific purpose for the application.
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