{"id":1081,"date":"2025-12-03T18:00:00","date_gmt":"2025-12-03T18:00:00","guid":{"rendered":"https:\/\/jbco.co.in\/liberalised-remittance-scheme-lrs-submission-of-lrs-daily-return-by-authorised-dealers-category-ii-banks-entities-and-full-fledged-money-changers\/"},"modified":"2025-12-03T18:00:00","modified_gmt":"2025-12-03T18:00:00","slug":"liberalised-remittance-scheme-lrs-submission-of-lrs-daily-return-by-authorised-dealers-category-ii-banks-entities-and-full-fledged-money-changers","status":"publish","type":"post","link":"https:\/\/jbco.co.in\/?p=1081","title":{"rendered":"Liberalised Remittance Scheme (LRS)- Submission of \u2018LRS Daily Return\u2019 by Authorised Dealers- Category -II banks\/ entities and Full- Fledged Money Changers"},"content":{"rendered":"<table width=\"100%\" border=\"0\" align=\"center\" class=\"td\">\n<tr>\n<td>\n<p>RBI\/2025-26\/102<br \/>  A.P. (DIR Series) Circular No.17 <\/p>\n<p align=\"right\">December 03, 2025<\/p>\n<p>To<\/p>\n<p>All Authorised Persons<\/p>\n<p>Madam\/Dear Sir,<\/p>\n<p align=\"center\" class=\"head\"><u>Liberalised Remittance Scheme (LRS)- Submission of \u2018LRS Daily Return\u2019 by <br \/>      Authorised Dealers- Category -II banks\/ entities and Full- Fledged Money Changers<\/u><\/p>\n<p>Attention of Authorised Persons is invited to <a href=\"https:\/\/www.rbi.org.in\/Scripts\/NotificationUser.aspx?Id=12732&amp;Mode=0\" target=\"_blank\" class=\"links\">A. P. (DIR Series) Circular No. 16 dated September 06, 2024<\/a>, in terms of which, Authorised Dealer (AD) Category-I banks are required to submit \u2018LRS daily return\u2019 (return code in CIMS:R010) on Centralised Information Management System (CIMS) (URL: <a href=\"https:\/\/cims.rbi.org.in\/\" target=\"_blank\" class=\"links\">https:\/\/cims.rbi.org.in<\/a>), on the next working day. Further, the AD &#8211; Category\u2013I banks are also required to include the details of LRS transactions undertaken by AD- Category\u2013II banks \/ entities and FFMCs attached to them \/ maintaining an account with them, in their \u2018LRS daily return\u2019. <\/p>\n<p>2. It has now been decided to introduce the submission of \u2018LRS daily return\u2019 by AD Category-II banks \/ entities and FFMCs also, by providing them access to CIMS. With this, AD Category-II banks\/ entities and FFMCs shall be able to check the cumulative amount remitted by a resident individual (PAN-wise) under LRS during the current financial year, before facilitating their next requested LRS transaction. <\/p>\n<p>3. Accordingly, all AD Category-II banks \/ entities and FFMCs are advised to submit the \u2018LRS daily return\u2019 (including \u2018nil\u2019 report, if applicable) with effect from January 01, 2026. Consequently, AD Category-II banks\/ entities and FFMCs may discontinue submitting the LRS transactions through AD category-I banks. <\/p>\n<p>4. All Authorised Persons, including the AD Category-II banks\/ entities and FFMCs are advised to follow the instructions provided in the User Manual for submission of \u2018LRS daily return\u2019- under \u2018Downloads\u2019 on CIMS portal. It is further advised that AD Category-II banks\/entities and FFMCs, who have been newly on-boarded onto CIMS may approach the Foreign Exchange Department of the concerned Regional Office of the Reserve Bank of India for resolving any issues in this regard. <\/p>\n<p>5. The <a href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_ViewMasDirections.aspx?id=10202\" target=\"_blank\" class=\"links\">Master Direction \u2013 Reporting under Foreign Exchange Management Act, 1999<\/a> is being updated to reflect this change. <\/p>\n<p>6. The directions contained in this circular have been issued under Section 10(4) and 11(2) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions\/approvals, if any, required under any other law.<\/p>\n<p align=\"right\">Yours faithfully,<\/p>\n<p align=\"right\">(N Senthil Kumar)<br \/>      Chief General Manager<\/p>\n<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>RBI\/2025-26\/102 A.P. (DIR Series) Circular No.17 December 03, 2025 To All Authorised Persons Madam\/Dear Sir, Liberalised Remittance Scheme (LRS)- Submission of \u2018LRS Daily Return\u2019 by Authorised Dealers- Category -II banks\/ entities and Full- Fledged Money Changers Attention of Authorised Persons is invited to A. P. (DIR Series) Circular No. 16 dated September 06, 2024, in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1081","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts\/1081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1081"}],"version-history":[{"count":0,"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts\/1081\/revisions"}],"wp:attachment":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}