Help me in Filling up A2 Form

#1
Hello friends,

Last friday, I went to ICICI bank to transfer money from my bank account to trading account via Bank wire transfer. They asked me fill up an A2 form ( Outward Remittance Form). In that form I have mentioned the purpose of transfer as " For forex trading " and from the list of codes I selected S0016 - sale of foreign currency against another currency. Today, I received a call from my bank officials that the money transfer was rejected by RBI, because I have mentioned purpose as forex trading. The official asked me to change the purpose so that they can try sending the application again.

Please help me in this regard on how to correctly filling up that form.

Thanks,
Logesh.
 

VJAY

Well-Known Member
#2
Hello friends,

Last friday, I went to ICICI bank to transfer money from my bank account to trading account via Bank wire transfer. They asked me fill up an A2 form ( Outward Remittance Form). In that form I have mentioned the purpose of transfer as " For forex trading " and from the list of codes I selected S0016 - sale of foreign currency against another currency. Today, I received a call from my bank officials that the money transfer was rejected by RBI, because I have mentioned purpose as forex trading. The official asked me to change the purpose so that they can try sending the application again.

Please help me in this regard on how to correctly filling up that form.

Thanks,
Logesh.
Dear Logesh,
You don't know forex trading is illegal in india...:D
it will help you...http://www.traderji.com/forex/37929-legality-forex-trading-india.html
 

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