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<h1>New Liberalised Remittance Scheme Rules: Designate AD Branch, Maintain 1-Year Account, Submit Form A-2 for Remittances.</h1> Under the Liberalised Remittance Scheme as of April 6, 2023, individuals must designate a branch of an Authorized Dealer (AD) for all capital account remittances. Applicants must have maintained their bank account for at least one year before remittance. For new customers, ADs should conduct due diligence and obtain the previous year's bank statement or recent Income Tax Assessment Order/Return to verify the source of funds. Additionally, applicants must submit Form A-2, declaring the purpose of the remittance and affirming that the funds are personal and not for prohibited uses.