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Retail Outward Remittance Application cum A2 Form for purchase of Foreign Exchange Are you an Axis Bank customer? YesNoCustomer IDPAN1Name ResidentCurrent Status PIO / OCINRI21PAN is mandatory for

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How to fill out retail outward remittance application

01

Obtain the retail outward remittance application form from the bank or financial institution.

02

Fill in the applicant's details such as name, address, contact information, and identification details.

03

Provide details of the beneficiary such as name, address, bank account number, and SWIFT code.

04

Specify the purpose of the remittance and the amount to be transferred.

05

Sign the application form and submit it along with any required supporting documents to the bank.

Who needs retail outward remittance application?

01

Individuals or businesses who need to send money abroad for purposes such as payment for imports, education fees, medical expenses, or family maintenance.

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What is retail outward remittance application?

Retail outward remittance application is a form submitted to authorize the transfer of funds from a resident in one country to another country.

Who is required to file retail outward remittance application?

Individuals or entities looking to transfer funds from their country of residence to another country are required to file retail outward remittance application.

How to fill out retail outward remittance application?

Retail outward remittance application can be filled out by providing personal and financial information, details of the recipient, purpose of the transfer, and any supporting documents as required.

What is the purpose of retail outward remittance application?

The purpose of retail outward remittance application is to ensure that legal requirements are met when transferring funds internationally.

What information must be reported on retail outward remittance application?

Information such as personal details, amount to be remitted, purpose of remittance, recipient's details, and source of funds must be reported on retail outward remittance application.

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