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<h1>Liberalised Remittance Scheme now requires AD Category II banks and FFMCs to submit daily LRS returns via CIMS.</h1> AD Category II banks, authorised entities and Full Fledged Money Changers must submit the LRS daily return via CIMS (including nil reports) and may discontinue submitting LRS transactions through AD Category I banks; CIMS access enables PAN wise checks of cumulative remittances before facilitating further LRS transactions.