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Attention of Authorised Persons is invited to A. P. (DIR Series) Circular No. 16 dated September 06, 2024, in terms of which, Authorised Dealer(AD) Category-I banks are required to submit ‘LRS daily return’(return code in CIMS:R010) on Centralised Information Management System (CIMS) (URL: https://cims.rbi.org.in), on the next working day. Further, the AD – Category–I banks are also required to include the details of LRS transactions undertaken by AD- Category–II banks / entities and FFMCs attached to them / maintaining an account with them, in their ‘LRS daily return’.

It has now been decided to introduce the submission of ‘LRS daily return’ 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.

Accordingly, all AD Category-II banks / entities and FFMCs are advised to submit the ‘LRS daily return’ (including ‘nil’ 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.

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 ‘LRS daily return’- under ‘Downloads’ 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. The Master Direction – Reporting under Foreign Exchange Management Act, 1999 is being updated to reflect this change.