Forex Services
| Process / Service | Documents required | Charges (excluding GST) ** | Time for approval / processing | Approving Authority | Authority for Appealing against rejection/ for delay | Link of bank's website where the document / information is hosted |
|---|---|---|---|---|---|---|
| Inward Remittance (Export Realisation / Advance Against Exports / Other than Exports) | FEMA Declaration | NIL | If the required documents are received before 2.30 pm, transaction will be processed on the same day | Officer and Senior Manager | IBD In charge (Chief manager onwards) | https://www.tjsb.bank.in/forex-services |
| Disposal Instructions in bank's format | ||||||
| Underlying documents | ||||||
| - For Advance against Exports - Copy of PI / PO / Contract | ||||||
| - For Export Realisation - Copies of Commercial invoice, packing list, transport documents, shipping bill, insurance if applicable. | ||||||
| - For other than export like commission, service charges etc., copy of Invoice / Order / contract etc. | ||||||
| Outward Remittance (LRS) | Application for Outward remittance in bank's format | Commission - For amount upto USD 10000 equivalent | If the required documents are received before 2.30 pm, transaction will be processed on the same day | Officer and Senior Manager | IBD In charge (Chief manager onwards) | https://www.tjsb.bank.in/forex-services |
| Form A2 | - 0.15% of INR Value. Minimum Rs.250 | |||||
| FEMA Declaration | For amount above USD 10000 equivalent | |||||
| Copy of PAN of remitter | - 0.25% of INR Value. Minimum Rs.500 | |||||
| In case of Education remittances, sanction letter of Education Loan | SWIFT Charges - Rs.500 | |||||
| In case of Education remittances letter issued by university / education institution giving break up of fees to be paid | ||||||
| Outward Remittances other than LRS | Application for Outward remittance in bank's format | Commission - 0.25% of INR Value. Minimum 750 | If the required documents are received before 2.30 pm, transaction will be processed on the same day | Officer and Senior Manager | IBD In charge (Chief manager onwards) | https://www.tjsb.bank.in/forex-services |
| Form A2 | If payment is done through EEFC / DDA Account additional 0.1% commission will be charged | |||||
| FEMA Declaration | SWIFT Charges - Rs.500 | |||||
| Form 145 & 146 if applicable | ||||||
| Copy of Invoice / PO / Contract issued by Beneficiary | ||||||
| Import Payment (Advance / against shipment / collection documents) | Application for import payment in bank's format | Commission - 0.25% of INR Value. Minimum 750 | If the required documents are received before 2.30 pm, transaction will be processed on the same day | Officer and Senior Manager | IBD In charge (Chief manager onwards) | https://www.tjsb.bank.in/forex-services |
| Import payment form | If payment is done through EEFC / DDA Account additional 0.1% commission will be charged | |||||
| FEMA Declaration, OGL Declaration | SWIFT Charges - Rs.500 | |||||
| For advance payment, copy of Invoice / PO / Contract issued by Beneficiary | ||||||
| For import payment, in addition to above, transport document and bill of entry to be submitted | ||||||
| Import Payment (Under LC) | Application for import payment in bank's format | Commission - 0.15% of INR Value. Minimum 750 | If the required documents are received before 2.30 pm, transaction will be processed on the same day | Officer and Senior Manager | IBD In charge (Chief manager onwards) | https://www.tjsb.bank.in/forex-services |
| Import payment form | If payment is done through EEFC / DDA Account additional 0.1% commission will be charged | |||||
| FEMA Declaration, OGL Declaration | SWIFT Charges - Rs.500 | |||||
| LC Scrutiny Charges - Rs.500 | ||||||
| Exports (Collection Bills under LC / Non LC) | Request Letter mentioning details about the dispatch documents | Commission - 0.0625% of INR Value | If the required documents are received before 2.30 pm, transaction will be processed on the same day | Officer and Senior Manager | IBD In charge (Chief manager onwards) | https://www.tjsb.bank.in/forex-services |
| Commercial Invoice, Packing List, Transport Document, Insurance if applicable etc. | Courier Charges at actual | |||||
| If bill is under LC, Original LC duly endorsed by the exporter. All the documents as per LC | LC Scrutiny Charges - 0.0625% Maximum Rs. 1250 | |||||
| Merchanting Trade Transactions | All documents as per Import payment and export realisation | Charges as per import and export payments | If the required documents are received before 2.30 pm, transaction will be processed on the same day | Officer and Senior Manager | IBD In charge (Chief manager onwards) | https://www.tjsb.bank.in/forex-services |
| MTT declaration as per bank's Format | ||||||
| Foreign Direct Investment (FDI) | Certificate of Incorporation of the Indian investee company. | INR 10000 | If all the documetns are properly submitted, the transaction will be processed within Two Working days | Officer and Senior Manager | IBD In charge (Chief manager onwards) | https://www.tjsb.bank.in/forex-services |
| Memorandum of Association (MOA) and Articles of Association (AOA). | ||||||
| Board Resolution authorizing the issuance of shares/convertible instruments and the allotment to non-resident investors. | ||||||
| List of allottees showing the breakdown of resident and non-resident shareholders. | ||||||
| Foreign Inward Remittance Certificate (FIRC) or bank credit advice proving the receipt of funds from abroad. | ||||||
| Know Your Customer (KYC) Report of the foreign investor certified by the overseas bank through MT199. | ||||||
| Valuation Certificate from a Chartered Accountant or SEBI-registered Merchant Banker/Cost Accountant certifying the fair price of shares per FEMA pricing guidelines. | ||||||
| Subscription Agreement / Shareholders' Agreement. | ||||||
| Company Secretary (CS) Certificate confirming that all provisions of the Companies Act and FEMA/NDI Rules have been complied with Authorized Representative Declaration signed by a designated director or officer. | ||||||
| Form FC-GPR (Part A). | ||||||
| Foreign Portfolio Investment (FPI) | FPI Application Form | INR 10000 | If all the documetns are properly submitted, the transaction will be processed within Two Working days | Officer and Senior Manager | IBD In charge (Chief manager onwards) | https://www.tjsb.bank.in/forex-services |
| Constitutive Documents : Certified or notarized copies of the Certificate of Incorporation (COI), Memorandum of Association (MoA), Articles of Association (AoA), prospectus, or trust deed | ||||||
| Proof of Existence & Address : Financial statements, Tax Identification Number (TIN), or official address proof of the applicant entity | ||||||
| A board resolution or list of authorized signatories | ||||||
| Ultimate Beneficial Owner (UBO) Declaration: Declaration of beneficial ownership based on current PMLA materiality thresholds (not required for government and government-related entities) | ||||||
| Tax & Compliance Declarations: oreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) forms, plus anti-money laundering (AML) compliance declarations | ||||||
| Overseas Direct Investment (ODI) | Form FC (Foreign Currency / Financial Commitment Form): The primary reporting/application form submitted through your designated AD bank to report the ODI and obtain a Unique Identification Number (UIN) | INR 10000 | If all the documetns are properly submitted, the transaction will be processed within Two Working days | Officer, Senior Manager & Chief Manager | IBD In charge (Chief manager onwards) | https://www.tjsb.bank.in/forex-services |
| Board Resolution: A certified copy of the board resolution passed by the Indian investing company or LLP approving the specific overseas investment, financial commitment, or joint venture/wholly owned subsidiary (WOS) setup. | ||||||
| Entity Registration & Constitutional Documents: Incorporation/registration documents and charter/MOA of the foreign entity | ||||||
| Valuation Report : Required from a Chartered Accountant (CA) or Merchant Banker if the investment involves purchasing existing shares or subsequent investments in the share capital of the foreign entity (not required for initial subscription to the MOA of a newly incorporated foreign company) | ||||||
| Evidence of Investment / Share Certificates: Within 6 months (180 days) of effecting the remittance or capitalization, you must submit share certificates or equivalent ownership documents issued under the laws of the host country to your AD bank | ||||||
| Additional Approvals (Approval Route Only):If the investment falls outside the automatic route limits or sectors, prior RBI approval is required, which necessitates a detailed application letter, request letter, and specific justification | ||||||
| The Annual Performance Report (APR) is applicable every year for any Indian resident, company, or Limited Liability Partnership (LLP) that holds an active Overseas Direct Investment (ODI) in a foreign Joint Venture (JV) or Wholly Owned Subsidiary (WOS), | ||||||
| Guarantees, Liaison Offices/Branch Offices/Project Offices (LO/BO/PO) | Form FNC :Completed and signed application form for setting up a BO/LO/PO in India | INR 10000 | If all the documetns are properly submitted, the transaction will be processed within Two Working days | Officer, Senior Manager & Chief Manager | IBD In charge (Chief manager onwards) | Information regarding Guarantees and Liaison, Branch, or Project Offices (LO/BO/PO) is currently being updated and will be available on the website soon. |
| Certificate of Incorporation / Registration: Notarized and apostilled (or consularized/embassy-attested) copy of the parent company's incorporation certificate from its home country | ||||||
| Constitutive Documents:Attested copies of the Memorandum and Articles of Association (MOA & AOA) or equivalent charter documents of the parent entity, translated into English if originally in another language | ||||||
| Audited Financial Statements: Latest audited balance sheets and profit & loss accounts of the parent company for the preceding 3 years (for a Liaison Office) or 5 years (for a Branch Office) to prove profitability and net worth eligibility thresholds | ||||||
| Board Resolution:A formal resolution passed by the Board of Directors of the foreign parent company approving the decision to establish an LO, BO, or PO in India, specifying the proposed activities and designated personnel | ||||||
| Power of Attorney / Authorization: Executed in favor of the authorized signatory or person designated to manage the Indian office and handle regulatory filings | ||||||
| Activity Plan / Profile: A brief statement outlining the proposed scope of work, operational plan, and profile of the foreign company |
** Note: GST applicable on all charges as per prevailing rates. Wherever there is conversion of foreign currency to / from INR, Foreign Currency Conversion Tax (FCCT) will be applicable at prevailing rates.