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ANNEX A (As amended by Circular No. 698 dated 05 November 2010, Circular No. 794 dated 18 April 2013 and Circular No. 925 dated 13 September 2016) APPLICATION TO PURCHASE FOREIGN EXCHANGE* Reference
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How to fill out application to purchase fx

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How to fill out application to purchase fx

01
Obtain the application form to purchase fx from a bank or authorized dealer.
02
Fill out the application form accurately and completely.
03
Provide all required personal information such as name, address, contact details, etc.
04
Specify the amount of fx you wish to purchase.
05
Attach any necessary supporting documents as per the bank's requirements.
06
Review the application form to ensure everything is filled correctly.
07
Sign and date the application form.
08
Submit the completed application form to the bank or authorized dealer.
09
Pay any applicable fees or provide necessary funds for the fx purchase.
10
Await approval and processing of your application.
11
Once approved, collect your purchased fx from the bank or authorized dealer.
12
Keep a copy of the completed application form and any supporting documents for your records.

Who needs application to purchase fx?

01
Individuals who are planning to travel abroad and require foreign currency for their trip.
02
Businesses or organizations involved in international trade or commerce.
03
Investors or individuals involved in foreign investment activities.
04
Individuals who need to send money abroad for various purposes.
05
Forex traders looking to exchange currencies for speculative purposes.
06
Anyone who wants to diversify their currency holdings or take advantage of favorable exchange rates.
07
Individuals or companies involved in import/export activities.
08
Students planning to study abroad and require foreign currency for their expenses.
09
Individuals who receive income or payments in foreign currency and need to convert it.
10
People involved in international remittances, sending or receiving money from overseas.
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It is a form used to request approval to buy foreign currency.
Individuals or companies looking to acquire foreign currency.
The form typically requires personal or company information, amount of currency needed, and purpose of purchase.
To ensure that foreign currency transactions are in compliance with regulations and policies.
Personal or company details, amount of currency, purpose of purchase, and supporting documents.
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