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Request Letter For Transfer PDF

This document contains a request letter to transfer funds from a non-ICICI Bank NRO account to an ICICI Bank NRE account. The request includes details of the NRO and NRE accounts, the amount to be transferred, source of funds, and declarations signed by the account holder agreeing to RBI regulations. It outlines the terms and conditions of the transfer such as submitting complete documentation and that the transfer can only be made between accounts with the same primary applicant. Bank officials must verify the request and required supporting documents are a Form 15CA, Form 15CB certified by a chartered accountant, and bank statements showing the source of funds in the NRO account.

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327 views

Request Letter For Transfer PDF

This document contains a request letter to transfer funds from a non-ICICI Bank NRO account to an ICICI Bank NRE account. The request includes details of the NRO and NRE accounts, the amount to be transferred, source of funds, and declarations signed by the account holder agreeing to RBI regulations. It outlines the terms and conditions of the transfer such as submitting complete documentation and that the transfer can only be made between accounts with the same primary applicant. Bank officials must verify the request and required supporting documents are a Form 15CA, Form 15CB certified by a chartered accountant, and bank statements showing the source of funds in the NRO account.

Uploaded by

chatuusumitava
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Request Letter for Transfer of Funds from Non ICICI Bank NRO a/c to ICICI Bank NRE a/c

Date: D D M M Y Y Y Y
(To be filled in by the Customer)
To,
ICICI Bank Ltd., The Branch Manager
Branch ................................................
Name of the Applicant:

Ms

Mr

PART A: REQUEST RECEIVED FROM THE ACCOUNT HOLDER


Please perform the financial transaction in my Account as indicated below:
Credit ICICI Bank NRE Savings Account by Deposit of Cheque/Demand Draft
Cheque
Cheque No: ...........................................................................................

Demand Draft

DD no.: ...........................................................................................

Drawn on my NRO account no.: .....................................................................................................................................................................................


Held with (name of the bank): .........................................................................................................................................................................................
ICICI Bank NRE A/c:
Amount: ` ................................. (Rupees .....................................................................................................................................................................)
IN WORDS

The source of funds being debited from my NRO account is: ....................................................................................................................................
(*In case FD has been booked by debiting NRO SB then the FD should be closed and the funds credited into NRO SB before transfer to NRE SB)

I/We......................................................................................................................................hereby declare that the total amount of funds transferred


to my NRE accounts in India and/or repatriated abroad through all my NRO accounts in India during this financial year including this
application is within the limit of USD One million permitted by Reserve Bank of India.
Declaration-Cum-Undertaking Under FEMA, 1999
I hereby declare that this transaction does not involve, and is not designed for the purpose of any contravention or evasion of the provisions
of the aforesaid act or of any rule, regulation, notification, direction or order made there under.
I also declare that this transaction is in conformity with the provisions and rules as prescribed by the Reserve Bank of India. I also hereby
agree and undertake to give such information / documents as will reasonably satisfy you about this transaction in terms of the above
declaration.
I also undertake that if I refuse to comply with any such requirement or make only unsatisfactory compliance therewith, the bank shall refuse
in writing to undertake the transaction and shall if it has reason to believe that any contravention / evasion is contemplated by me report, the
matter to Reserve Bank of India.
Terms & Conditions
1. The transfer will be completed only on submission of complete documentation.
2. In case an NRO FD is maturing, the primary applicant in the NRE beneficiary account should be the same as the primary applicant in the
NRO FD being closed.
3. The applicant signing the request and providing the proof of funds should be one of the account holders in the beneficiary account. The
funds cannot be transferred to the NRE a/c of a third party.
4. In case the funds from NRO a/c are being transferred to a new Cust ID, then the complete AOF and documents need to be submitted for the
same. After the creation of the cust id, the funds transfer can be initiated.
5. The declaration needs to be signed as per the mode of operation of the NRO account.

Primary Applicant

Jt Applicant 1

Signature

Page 1 of 2

Jt Applicant 2

PART B: REQUEST RECEIVED FROM THE MANDATE HOLDER


Debit NRO Savings Account
I, Mr/ Mrs............................................................................................., the mandate holder of Account Number ................................................ held
in the name of (name of applicants) ................................................................................................................................................................................
............................................................................................................................ hereby authorise ICICI Bank Ltd to deposit
Cheque
Cheque no.: ..................................................................................

Demand Draft
DD no.: ...........................................................................................................

Drawn on NRO a/c: .........................................................................................................................................................................................................


Held with (name of the bank): ........................................................................................................................................................................................
and Credit to:
ICICI Bank NRE a/c:
Amount: ` ................................. (Rupees .....................................................................................................................................................................)
IN WORDS

The source of funds being debited from the NRO account is .................................................................................................................................
MANDATE HOLDER DECLARATION
On behalf of the account holder(s)................................................................................................................................................................, I (Mandate
Holder).................................................................................................................................hereby declare that the total amount of funds transferred
by the account holder(s) to the NRE accounts in India and/or repatriated abroad through all NRO accounts held by them in India during this
financial year including this application is within the limit of USD One million as permitted by the Reserve Bank of India.
I hereby undertake that I shall comply with the provisions of the Exchange Control Guidelines issued by the RBI and the Foreign Exchange
Management Act, 1999 and all regulations thereof, including the Foreign Exchange Management (Deposit) Regulations, 2000.
Name of Mandate Holder: ...................................................................... Signature of the Mandate Holder: ................................................................
NOTES
Mandate holder for NRI Accounts can sign the request only if:
(A) Only if he is the mandate holder of the a/c being debited for credit to ICICI Bank NRE a/c
(B) If beneficiary is the account holder himself
Mandate holder cannot request for closure of account in accordance with the FEMA (Deposit) Regulations, 2000.
VERIFICATION BY BRANCH OFFICIAL
Track Number: ........................................................................................

AD Code: .......................................................

Originating Br. ID: ...................................................................................

Scan Br. ID: ....................................................

Mode of Operation: .............................................................................................................................................................


DOCUMENTS REQUIRED
a. Originals of Form 15 CA signed by the primary account holder and Form 15 CB certified by a Chartered Accountant.
b. Photocopy of the documents proving the source of funds (eg: property sale deed, rent agreement, lease deed, etc)
c. Bank Statement of the NRO account reflecting the the credits of the source of funds

ACKNOWLEDGMENT SLIP
Received From: ................................................................................................... Account Number: ..............................................................................
for: .....................................................................................................................................................................................................................................
Ref. No.: ............................................................

Dated: .........................................................

Signature: .........................................................

Name of Signing Officer:.................................................................................

Stamp
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