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Corporate Laws Central Ministry of Finance Foreign Exchange Management Act, 1999

RBI issues circular on Liberalised Remittance Scheme (LRS) - Submission of 'LRS Daily Return' by Authorised Dealers- Category -II banks/entities and Full- Fledged Money Changers

03-Dec-2025 | RBI/2025-26/102 A.P. (DIR Series) Circular No.17

RBI has issued a circular on Liberalised Remittance Scheme (LRS) - Submission of 'LRS Daily Return' by Authorised Dealers- Category -II banks/entities and Full- Fledged Money Changers effective from 01st January 2025.

RBI previously required only AD Category-I banks to submit the LRS Daily Return on the CIMS portal. AD Category-I banks also had to include LRS transactions done by AD Category-II banks/entities and FFMCs that were linked to them.
RBI has now decided that AD Category-II banks/entities and FFMCs will directly submit their own LRS Daily Return on CIMS. They will also be able to check the total LRS amount remitted by any resident (PAN-wise) during the financial year before processing a new request. All entities must follow the CIMS User Manual for filing the return; newly onboarded FFMCs may contact the RBI Regional Office for help.

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