https://www.taxtmi.com/circulars?id=53467 A2 form filing is not required for remittance of funds from closure of FCNR (B) deposits because A2 applies to purchase of foreign exchange using rupee funds. Banks must not insist on the account holder's physical presence and should use technological alternatives to verify bonafides and ensure hassle free remittance. Authorised Dealer Category I banks must notify their constituents. Directions issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, without prejudice to other legal permissions. en-us Thu, 14 May 2015 00:00:00 +0530 Thu, 14 May 2015 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53467 A2 form filing is not required for remittance of funds from closure of FCNR (B) deposits because A2 applies to purchase of foreign exchange using rupee funds. Banks must not insist on the account holder's physical presence and should use technological alternatives to verify bonafides and ensure hassle free remittance. Authorised Dealer Category I banks must notify their constituents. Directions issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, without prejudice to other legal permissions. Circulars FEMA Thu, 14 May 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53467