Published Jul 1, 2025 4 Min Read

What is Form 15CC?

Homeownership is a dream for millions in India, and home loans are essential financial tools that make this dream achievable. Bajaj Finserv Home Loan offers a seamless borrowing experience, with loan amounts of up to Rs. 15 crore and flexible repayment tenures of up to 32 years. Whether you are buying your first home or upgrading to a bigger space, Bajaj Finserv’s customer-centric approach ensures that your journey is smooth and hassle-free. In this article, we will explore Form 15CC, its relevance to financial transactions, and how Bajaj Finserv Home Loans align with compliance and transparency to simplify your home loan journey.

What is Form 15CC?

Form 15CC is a mandatory form used by authorized dealers, such as banks, to report remittances sent outside India. It is filed under the Income Tax Act and ensures compliance with regulatory requirements during cross-border transactions. While the form primarily pertains to remittances, it indirectly links to property-related transactions, especially when funds are sent abroad for real estate purchases or investments. Bajaj Finserv Home Loans adhere to strict compliance practices, ensuring that your financial dealings remain transparent and stress-free.


When is it required to file Form 15CC, and how?

Form 15CC is required to be filed by authorized dealers whenever funds are remitted to non-residents or foreign companies. This filing ensures compliance with the Liberalized Remittance Scheme and other regulatory frameworks. Bajaj Finserv Home Loans simplify the paperwork process, ensuring that all necessary documentation, including compliance forms, is handled efficiently. By prioritising transparency, Bajaj Finserv ensures that borrowers can focus on their homeownership journey without worrying about regulatory complexities.

What are the prerequisites for availing of this service?

Before filing Form 15CC or applying for a Bajaj Finserv Home Loan, certain eligibility criteria and documentation are required. Below is a detailed table outlining the prerequisites:

CriteriaDetails
AgeApplicants must be between 23 and 62 years (for salaried individuals) or 25 and 70 years (for self-employed individuals).
NationalityMust be an Indian citizen.
CIBIL ScoreA minimum CIBIL score of 750 is required for loan approval.
Income ProofSalary slips, IT returns, or audited financial statements.
Property DocumentsTitle deed, sale agreement, and other property-related documents.
Form 15CC FilingRequired only for remittances to non-residents or foreign entities.

Bajaj Finserv ensures that the loan application process is straightforward and digital, allowing you to upload your documents online for faster approval.


What is the purpose of Form 15CC?

Form 15CC serves multiple purposes, including:

  • Ensuring compliance with the Liberalized Remittance Scheme and other regulations.
  • Reporting remittances to the Income Tax Department for transparency.
  • Facilitating smooth financial transactions between residents and non-residents.


Bajaj Finserv Home Loans integrate these compliance practices seamlessly, ensuring that borrowers have a hassle-free experience while adhering to all regulatory requirements.


What are the components of Form 15CC?

Form 15CC comprises several key elements that provide detailed information about remittances. Below is a breakdown of its components:

1. Borrower Details

Includes the name, address, and PAN (Permanent Account Number) of the individual or entity remitting funds. Bajaj Finserv ensures that all customer details are securely processed during loan applications.

2. Amount Remitted

Specifies the exact amount sent abroad, along with currency details. Transparency in financial transactions is a hallmark of Bajaj Finserv Home Loans.

3. Tax Liability

Details any applicable taxes on the remitted amount. Bajaj Finserv helps borrowers understand tax implications clearly, ensuring compliance without complications.

4. Purpose of Remittance

Describes the reason for sending funds abroad, such as property purchase, education, or investment. Bajaj Finserv’s customer-centric approach ensures that all purposes are supported with relevant documentation.

By aligning with Form 15CC requirements, Bajaj Finserv Home Loans offer a transparent and efficient borrowing experience.

How to access and submit Form 15CC?

Submitting Form 15CC is a straightforward process, especially when you have expert guidance. Follow these steps:

  1. Access the Form
    • Log in to the Income Tax Department’s e-filing portal.
    • Navigate to the “Forms” section and select Form 15CC.
  2. Fill in the Details
    • Enter borrower information, remittance amount, and purpose of remittance.
    • Ensure all details are accurate to avoid delays.
  3. Upload Supporting Documents
    • Attach necessary documents, such as PAN details and remittance proofs.
  4. E-Verify the Form
    • Complete e-verification using Aadhaar OTP, net banking, or a digital signature certificate (DSC).
  5. Submit the Form
    • Once verified, submit the form online. You will receive a confirmation message upon successful submission.

For Bajaj Finserv Home Loan applicants, the process is even simpler. Submit your documents digitally and speed up your loan approval process.

 

Conclusion

Form 15CC plays a crucial role in ensuring compliance during remittances, making it an essential aspect of transparent financial transactions. Bajaj Finserv Home Loans offer a seamless borrowing experience, combining compliance, convenience, and customer-centric features. With loan amounts of up to Rs. 15 crore, flexible repayment tenures, and digital documentation processes, Bajaj Finserv stands out as a trusted partner for your homeownership journey.

Get started by entering your mobile number and OTP to check your home loan offer instantly.


 


 

Frequently asked questions

What is Form 15CC?

Form 15CC is a compliance form used by authorized dealers to report remittances sent outside India.

What are the modes of submission of form 15CC?

Form 15CC can be submitted online via the Income Tax Department’s e-filing portal.

 

Is ITDREIN required to be mandatorily generated before filing form 15CC?

Yes, ITDREIN is mandatory for authorized dealers before filing the form.

 

When is it required to file Form 15CC?

It is required while remitting funds to non-residents or foreign entities.

 

How do I know that the form has been submitted successfully?

You will receive a confirmation message on the Income Tax Department’s portal upon successful submission.


 

Is e-Verification necessary for submitting Form 15CC?

Yes, e-Verification is mandatory for compliance with regulatory guidelines.

if yes, how can I e-Verify the Form 15CC?

E-Verification can be completed through Aadhaar OTP, net banking, or DSC on the IT Portal.

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1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

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