Foreign Remittance Online Submission of Form A2

Reserve Bank of India vide its circular dated 03.07.2024 has reviewed its extant guidelines on remittance of funds based on submission of Form A2 through online mode.  As per existing guidelines the authorized dealer category I and II were allowed to remit amount upto USD 25000 without obtention of Form A2.  On review, the RBI has removed the upper limit as such the AD I and AD II banks can permit remittance based on online submission of Form A2 as per their board framed policies.