The Bank of Baroda Form A2 is a mandatory declaration form for outward remittances. You must fill in the details when sending money abroad for education, medical treatment, investment, or travel purposes. As per RBI guidelines, this form must be submitted for remittances exceeding USD 250,000 in a financial year.
To complete the Bank of Baroda Form A2, applicants need to provide personal details, remittance amount, purpose, beneficiary information, and a declaration of compliance with RBI rules. The form can be downloaded from the bank’s website or collected from a branch and must be submitted with supporting documents for approval.
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How to Fill Out Bank of Baroda Form A2?
Filling out the Bank of Baroda Form A2 is a straightforward process that ensures compliance with RBI regulations for outward remittances. The form requires essential details such as the applicant’s name, PAN, remittance amount, purpose, and beneficiary information.
To complete the Bank of Baroda Form A2, carefully enter the required details, attach supporting documents, and submit the form at the nearest branch. Ensure accuracy to avoid delays in processing your international transaction.
Check out the steps below to complete your Outward Remittance Application – A2 Cum LRS Declaration Form Bank of Baroda-
Step 1- Details of the Applicant (Remitter)
The first section of Bank of Baroda Form A2 requires the applicant (remitter) to provide their personal details. These details help the bank verify the identity of the person initiating the Bank of Baroda international money transfer process and ensure compliance with RBI regulations.
Here’s how to fill in this section:
1. Applicant Name
Enter your full legal name as per your bank records and official identification documents. Ensure there are no spelling errors, as any mismatch may cause delays in processing your remittance.
2. Applicant Address
Provide your current residential address as recorded in your bank account. The address should be complete, including the house number, street name, city, state, and postal code. This information helps in identity verification and ensures smooth transaction processing.
3. Mobile of Contact Person
Enter your active mobile number or that of an authorized contact person. This is important for any clarifications or updates regarding the transaction. Ensure the number is correct, as the bank may use it for verification or to request additional information.
4. PAN No. (Mandatory for all resident customers)
The Permanent Account Number (PAN) is a crucial requirement for all resident Indian customers making an outward remittance. The PAN helps in tracking foreign exchange transactions and ensures compliance with tax and regulatory guidelines.
Make sure to enter the correct 10-digit PAN as per your Income Tax records.
By accurately filling out this section, you help the bank process your remittance request efficiently while ensuring compliance with RBI guidelines.
Step 2- Details of Foreign Exchange Required
This section of Bank of Baroda Form A2 is crucial as it specifies the details of the foreign exchange transaction. You must fill either II a or II b, depending on whether you are sending a fixed amount in foreign currency or its equivalent in Indian Rupees.
II a. For Remittance of a Fixed Amount of Foreign Currency
If you know the exact foreign currency amount to be sent abroad, fill in:
- Foreign Currency: Specify the currency (e.g., USD, GBP, EUR, CAD).
- FC Amount in Figures: Enter the exact amount in numbers.
- FC Amount in Words: Write the amount in words to avoid any confusion.
For example: If you are sending 5,000 US dollars, write:
Foreign Currency: USD
FC Amount in Figures: 5,000
FC Amount in Words: Five Thousand US Dollars
II b. For Remittance in Foreign Currency Equivalent to a Fixed Rupee Amount
If you want to send a fixed amount in Indian Rupees, and the equivalent foreign currency amount is to be calculated based on the exchange rate, fill in:
- Foreign Currency: Specify the desired foreign currency (e.g., USD, GBP, EUR).
- INR Amount in Figures: Enter the exact amount in INR.
- INR Amount in Words: Write the INR amount in words.
For example: If you want to send INR 4,00,000 in USD equivalent, write:
Foreign Currency: USD
INR Amount in Figures: 400,000
INR Amount in Words: Four Lakh Rupees Only
Make sure that the amount is under the limits and conditions of the Form A2.
II c. Purpose of Remittance with Purpose Code
You must specify the reason for the remittance along with the appropriate Purpose Code (refer to Annexure – III of the form for codes). Some common purposes include:
✔ Education fees
✔ Medical expenses
✔ Investment in foreign assets
✔ Gifts and donations
For example: If you are sending money for tuition fees, use the education-related Purpose Code.
If the remittance is for the import of services, mention the name of the country providing the service (e.g., USA, UK, Canada).
Also Read: Discover the features and benefits of the Bank of Baroda International Debit Cards. Access your funds globally with advanced security.
Step 3: Debit Details
This section of the Bank of Baroda Form A2 allows the applicant to specify which bank account should be debited for the foreign exchange transaction. It is crucial to ensure that sufficient funds are available in the selected account to avoid processing delays.
Selecting the Debit Account
The applicant must authorize the Bank of Baroda to deduct the remittance amount from one of the following account types:
- EEFC (Exchange Earners’ Foreign Currency Account) – For exporters who maintain earnings in foreign currency.
- RFC (Resident Foreign Currency Account) – For resident Indians with foreign currency holdings.
- DDA (Diamond Dollar Account) – A specialized account for diamond traders.
- CA (Current Account) – Typically used for business transactions.
- CC (Cash Credit Account) – A credit facility for businesses.
- OD (Overdraft Account) – A line of credit facility.
- SB (Savings Bank Account) – A personal savings account.
For example: If you are a student sending tuition fees and hold a Savings Account with Bank of Baroda, select SB (Savings Bank Account) as the debit option.
Debit Account for Charges
If the applicant wants the transaction charges (such as processing fees or exchange rate markup) to be deducted from a different account, they must specify the alternate account type (CA/CC/OD/SB).
For example: If you want to send money from your Savings Account (SB) but wish to deduct service charges from your Current Account (CA), you should specify CA for charges.
Mode of Remittance
The applicant must choose the preferred method of transferring the foreign currency:
- Telegraphic Transfer (TT) – A fast and secure electronic bank transfer.
- Traveller’s Cheque – Foreign currency cheques for international travel.
- Demand Draft (DD) – A prepaid order issued in foreign currency.
- Currency Notes – Physical cash withdrawal in foreign currency (subject to RBI limits).
For example: If you are sending funds for university tuition fees, Telegraphic Transfer (TT) is the best option as it ensures quick and direct transfer to the institution’s bank account.
Step 4: Details of Beneficiary
This section of the Bank of Baroda Form A2 requires the applicant to provide complete details of the recipient (beneficiary) who will receive the remitted funds. Ensuring accuracy in this section is crucial for a smooth transaction, as incorrect details may result in delays or even rejections.
Beneficiary Name
Enter the full legal name of the person or entity receiving the funds. The name must exactly match the details in the beneficiary’s bank account to prevent processing errors.
For example: If sending money to a university for tuition fees, write the official university name as provided by the institution.
Beneficiary Address
Provide the complete address of the recipient, including:
- House/Building Number
- Street Name
- City
- State
- Country
- Postal Code
Beneficiary Account Number (In case of TT)
For Telegraphic Transfers (TT), enter the exact bank account number of the beneficiary.
For example: If sending money to a student studying in the USA, enter their checking/savings account number as provided by their bank.
Name of the Bank where the Beneficiary Account is Maintained (In case of TT)
Mention the full name of the bank where the recipient holds their account. This ensures the funds are sent to the correct financial institution.
For example: Bank of America, Citibank, HSBC, Deutsche Bank, etc.
SWIFT & SORT Code Details of Beneficiary Bank (In case of TT)
International transfers require bank identification codes for secure processing. These codes vary by country:
- SWIFT Code: A globally recognized unique bank identifier for international wire transfers.
- IBAN (International Bank Account Number): Required for transfers to the UK, Europe, Bahrain, Saudi Arabia, and UAE.
- Transit Code: Used for transfers to Canada.
- Sort Code: Required for remittances to the UK.
- BSB Code: Used for transactions to Australia.
- Routing Number: Needed for USA transactions.
For example: SWIFT Code: BOFAUS3N (Bank of America, USA); IBAN: GB29 NWBK 6016 1331 9268 19 (for a UK bank)
Beneficiary Bank Address Including Country
For Telegraphic Transfers (TT) in CAD (Canadian Dollars) and JPY (Japanese Yen), it is mandatory to mention the complete bank address along with the country where the beneficiary holds the account.
For example: If sending money in CAD to a bank in Toronto, Canada, you must provide:
- Bank Name: Royal Bank of Canada (RBC)
- Bank Address: 88 Queens Quay West, Toronto, ON M5J 0B8, Canada
Correspondent Bank Details (If Required)
If the foreign currency is being sent to a different country from its home currency, you must provide correspondent bank details.
Example Scenario:
If sending GBP (British Pounds) to an Australian bank, the transaction may go through a correspondent bank in the UK before reaching Australia.
SWIFT Code: Unique identifier of the correspondent bank.
Correspondent Bank Name: The intermediary bank processing the transfer.
For example: If remitting GBP to Commonwealth Bank of Australia, a correspondent bank in the UK (like Barclays Bank UK) may handle the transaction.
Forward Contract Details (If Applicable)
If you have booked a Forward Contract (a currency exchange agreement that locks in an exchange rate for a future date), provide the following details:
- Forward Contract Number – Unique reference number assigned by the bank.
- Date of Forward Contract – When the contract was booked.
- Forward Contract Amount – Total amount covered in the contract.
- Due Date of Contract – The expiration date of the contract.
- Amount to be Utilized – The portion of the contract being used for this remittance.
Final Authorization
- Date: Mention the date of form submission.
- Signature of Remitter/POA/Mandate Holder/Guardian (if Minor): The applicant (or an authorized person) must sign the form to approve the transaction.
Step 5: Mandatory Additional Details Based on Purpose of Remittance
Certain remittance purposes require additional information to comply with RBI guidelines and ensure proper documentation. If your remittance falls under one of the categories listed below, you must furnish the requested details.
Maintenance – Relationship of Beneficiary
If you are sending money for family maintenance or living expenses, you must specify your relationship with the beneficiary.
For example:
- Purpose: Sending money to parents abroad for their living expenses.
- Mandatory Detail: Relationship with the beneficiary (e.g., Father, Mother, Spouse, Son, Daughter, etc.).
Purchase of Immovable Property
If the remittance is for buying property abroad, you need to provide details about the location of the property. You must provide the country where the property is located and the state/ city of purchase.
For example:
- Purpose: Buying an apartment in London, UK.
- Mandatory Details: Country – United Kingdom, City – London.
Education Abroad
If the remittance is for tuition fees, accommodation, or other student-related expenses, provide details like the student’s full name, student ID (if available), and country of study.
For example:
- Purpose: Paying tuition fees for a student studying in Canada.
- Student Name: Ananya Sharma
- Student ID: 123456789
- Country of Study: Canada
Investment Abroad
If you are investing in foreign financial instruments, select the type of investment and provide specific details, including the types, nature, and purpose of the Investments.
For example:
- Purpose: Investing in shares of Tesla Inc.
- Company Name: Tesla Inc.
- Stock Exchange: NASDAQ (United States)
Step 6: Message to Be Sent Along with Wire Transfer
In this section of the Bank of Baroda Form A2, the applicant can provide a message or specific instructions to be sent along with the wire transfer. This is particularly useful for ensuring that the recipient understands the purpose of the transaction and can allocate the funds correctly.
Check the table for a better understanding-
| Purpose | Message |
| Tuition Fee Payments | Tuition fees for John Doe, Student ID 123456, Fall 2025 semester at the University of Toronto. |
| Business Transactions | Payment for invoice #56789, shipment of electronic components. |
| Family Maintenance | Living expenses for parents – February 2025 |
| Investments | Investment in Tesla Inc. – Stock purchase. |
| Loan Repayments | Loan repayment for account #ABC123XYZ at HSBC UK |
Also Read: Check here all the major details on Bank of Baroda Forex Rates. Know the indicative rates of Bank of Baroda and major forex services.
How to Fill Out the Declaration Details in Bank of Baroda Form A2?
The Declaration Section in Bank of Baroda Form A2 is a crucial part of the form that ensures compliance with the Liberalized Remittance Scheme (LRS) set by the Reserve Bank of India (RBI). This section confirms that the remittance adheres to the permissible limit of USD 250,000 per financial year for resident individuals.
Here are the details you need to provide in the declaration section:
1. Source of Funds for Remittance Under LRS
The applicant must specify the source of funds being used for the foreign exchange remittance. The bank needs this information to verify that the transaction is legitimate and falls within RBI’s LRS guidelines.
Check out the examples of sources of funds:
- Savings – If the amount is being remitted from personal savings.
- Salary Income – If the money is earned as part of employment.
- Sale of Assets – If funds were obtained from selling property or investments.
- Loan Disbursement – If the amount is sourced from an education loan or personal loan.
For example: “Remittance from personal savings accumulated over time.”
2. Previous Remittances Made Under LRS (If Applicable)
If the applicant has already made transactions under LRS in the same financial year (April–March), they must provide the details of those remittances. This helps the bank ensure that the total remitted amount does not exceed the permissible limit of USD 250,000 per financial year.
Here are the mandatory details to provide:
- Date of Previous Transactions – The exact date(s) of remittance.
- Currency of Transfer – Example: USD, EUR, GBP, etc.
- Value of Remittance – The amount transferred in foreign currency.
- Name & Address of the Authorized Dealer (AD) Bank Branch – The bank branch through which the previous remittance was processed.
For example:
| Date | Currency | Value | Name & Address of AD Bank Branch |
| 10/05/2024 | USD | 10,000 | Bank of Baroda, Connaught Place, Delhi |
| 22/08/2024 | EUR | 15,000 | Bank of Baroda, Mumbai Main Branch |
If no previous remittances were made under LRS in the current financial year, you can write “N/A” (Not Applicable).
3. Date & Signature of Remitter/Authorized Signatory
Date – The date on which the form is being filled out.
Signature of Remitter – The applicant (remitter) must sign the declaration.
Signature of POA (Power of Attorney) Holder / Mandate Holder / Guardian (if applicable) – Required if the remitter is a minor or if someone else is authorized to sign on their behalf.
For example:
Date: 19/02/2025
Signature: [Your Signature]
Authorized Signatory (if applicable): [Signature of POA/Guardian]
Download Bank of Baroda Form A2 PDF
If you need to send money abroad from your Bank of Baroda account, you must fill out Form A2, which is required for foreign exchange transactions under RBI regulations. To download the official Bank of Baroda Form A2 PDF, follow these steps:
- Go to the official website of the Bank of Baroda.
- Look under the “Forex Services” or “Remittance” category.
- Click to download the PDF version.
- Print and fill out the form.
- Enter your details, attach the required documents, and submit them to your nearest Bank of Baroda branch. You can later check the remittance status with Form A2.
Click Here to Download the Bank of Baroda Form A2 PDF.
This was all about how to fill out the Bank of Baroda Form A2. By correctly filling out all sections in Bank of Baroda Form A2, you can ensure a smooth and hassle-free remittance process.
FAQs
Bank of Baroda Form A2 is a mandatory document for individuals and businesses making foreign exchange remittances from India. It ensures compliance with RBI guidelines under the Foreign Exchange Management Act (FEMA).
You can download the Bank of Baroda Form A2 PDF from the official Bank of Baroda website under the Forex Services or Remittance Forms section. Alternatively, you can request a physical copy from your nearest Bank of Baroda branch.
To fill out Bank of Baroda Form A2, provide:
✔ Personal details (Name, PAN, Address, Contact Number)
✔ Foreign currency details (Amount, Purpose of Remittance)
✔ Beneficiary details (Name, Account Number, Bank Name, SWIFT Code)
✔ Declaration of the source of funds under Liberalized Remittance Scheme (LRS)
Yes, as per RBI regulations, a PAN card is mandatory for all resident individuals making foreign remittances using Bank of Baroda Form A2.
The processing time depends on the verification process and the remittance type. Generally, once the form is submitted with valid documents, Bank of Baroda processes the transaction within 24-48 business hours.
The applicant must provide:
✔ Full Name (as per bank records)
✔ Residential Address
✔ Mobile Number (for transaction updates)
✔ PAN Number (mandatory for residents)
In this section, you must specify:
The currency (USD, GBP, EUR, etc.)
The amount in figures and words
The purpose of the remittance with the relevant purpose code
You can authorize Bank of Baroda to debit the remittance amount from your:
✔ Savings Account (SB)
✔ Current Account (CA)
✔ Overdraft (OD) or Cash Credit (CC) account
✔ Foreign Currency Accounts like EEFC/RFC/DDA
To ensure successful remittance, you must provide:
✔ Beneficiary Name & Address
✔ Bank Account Number (in case of Telegraphic Transfer)
✔ Bank Name & SWIFT Code (or IBAN for certain countries)
✔ Bank Address & Country
The Declaration Section ensures that the remittance follows RBI’s LRS guidelines. You must specify:
✔ Source of funds (salary, savings, loan, etc.)
✔ Previous remittances made under LRS (if any)
✔ Signature & Date to confirm compliance
To learn more about education loans, the best bank accounts for students, forex, banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.
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