Required Documentation

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Purpose of remittance and Documentation

Who can remit?
- Resident Indian
How much can you remit?
- Within the overall LRS limit of USD 250,000 or equivalent in other currencies per financial year
What documents do you need?
- Combined A2 and LRS Application Cum Declaration
- PAN card
RBI’s definition of close relationship
- Spouse
- Father
- Mother
- Son, including step-son
- Daughter, including step-daughter
- Son-in-law
- Daughter-in-law
- Brother, including step-brother
- Sister, including step-sister

Who can remit?
- Indian residents going for overseas education
How much can you remit?
- Within the overall LRS limit of USD 250,000 or equivalent in other currencies per financial year
What documents do you need?
- Combined A2 and LRS Application Cum Declaration
- PAN card
- Offer letter from overseas college / student visa

Who can remit?
- Resident Indians emigrating abroad
How much can you remit?
- Within the overall LRS limit of USD 250,000 or equivalent in other currencies per financial year
What documents do you need?
- Combined A2 and LRS Application Cum Declaration
- PAN card
- Emigration letter/Emigration visa

Who can remit?
- Resident Indians going abroad for employment
How much can you remit?
- Within the overall LRS limit of USD 250,000 or equivalent in other currencies per financial year
What documents do you need?
- Combined A2 and LRS Application Cum Declaration
- PAN card
- Employment Visa/offer letter

Who can remit?
- Resident Indians going abroad for medical treatment
How much can you remit?
- Within the overall LRS limit of USD 250,000 or equivalent in other currencies per financial year
What documents do you need?
- Combined A2 and LRS Application Cum Declaration
- PAN card
- Copy of passport
- Copy of ticket
- Letter from hospital/doctor

Who can remit?
- Resident Indians
How much can you remit?
- Within the overall LRS limit of USD 250,000 or equivalent in other currencies per financial year
What documents do you need?
- Combined A2 and LRS Application Cum Declaration
- PAN card
- Declaration

Who can remit?
- Resident Indians travelling abroad for private visits
How much can you remit?
- Within the overall LRS limit of USD 250,000 or equivalent in other currencies per financial year
What documents do you need?
- Combined A2 and LRS Application Cum Declaration
- PAN card
- Valid Passport copy
- Copy of visa/airline ticket

Who can remit?
- Resident Indians
How much can you remit?
- Within the overall LRS limit of USD 250,000 or equivalent in other currencies per financial year
What documents do you need?
- Combined A2 and LRS Application Cum Declaration
- PAN card
- Portfolio Declaration
- If the vintage of the client’s Kotak Mahindra Bank Ltd account is less than 1 year, bank statement for the preceding 1 year from client’s operative bank account
- Additional documents to support investment abroad

Who can remit?
- Resident Indians
How much can you remit?
- Within the overall LRS limit of USD 250,000 or equivalent in other currencies per financial year
What documents do you need?
- Combined A2 and LRS Application Cum Declaration
- PAN card
- Property Purchase Agreement
- If the vintage of the client’s Kotak Mahindra Bank Ltd account is less than 1 year, bank statement for the preceding 1 year from client’s operative bank account
- Additional documents to support investment abroad

Who can remit?
- Resident Indians
How much can you remit?
- Within the overall LRS limit of USD 250,000 or equivalent in other currencies per financial year
What documents do you need?
- Combined A2 and LRS Application Cum Declaration
- PAN card
- If the vintage of the client’s Kotak Mahindra Bank Ltd account is less than 1 year, bank statement for the preceding 1 year from client’s operative bank account
- Additional documents to support opening of FCY account abroad

Who can remit?
- Resident Indians
How much can you remit?
- Within the overall LRS limit of USD 250,000 or equivalent in other currencies per financial year
What documents do you need?
- Combined A2 and LRS Application Cum Declaration
- PAN card
- If the vintage of the client’s Kotak Mahindra Bank Ltd account is less than 1 year, bank statement for the preceding 1 year from client’s operative bank account
- Additional documents to support the Joint Ventures / subsidiaries

Who can remit?
- Foreign nationals permanently residing in India
- Foreign nationals temporarily residing in India
How much can you remit?
- Foreign nationals permanently residing in India - Up to LRS limit
- Foreign nationals temporarily residing in India - Up to net salary received in India, after deduction of applicable taxes and other deductions
What documents do you need?
- Combined A2 and LRS Application Cum Declaration
- Copy of passport
- Visa for employment in India
- Valid eFRRO
- Form 16 / salary slips / Certificate from employer stating the salary and details of deductions