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    <title>Liberalised Remittance Scheme (LRS) for Resident Individuals-Discontinuation of Reporting of monthly return</title>
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    <description>AD Category I banks shall discontinue submission of the LRS monthly return (Return code: R089) and instead upload transaction wise LRS data daily (CIMS return code: R010) at the close of business of the next working day; a &#039;NIL&#039; report must be uploaded if no data exists. Earlier circular instructions are withdrawn and the Master Direction on Reporting under FEMA, 1999 will be updated. Directions are issued under Section 10(4) and Section 11(1) of the Act.</description>
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    <pubDate>Fri, 06 Sep 2024 00:00:00 +0530</pubDate>
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      <description>AD Category I banks shall discontinue submission of the LRS monthly return (Return code: R089) and instead upload transaction wise LRS data daily (CIMS return code: R010) at the close of business of the next working day; a &#039;NIL&#039; report must be uploaded if no data exists. Earlier circular instructions are withdrawn and the Master Direction on Reporting under FEMA, 1999 will be updated. Directions are issued under Section 10(4) and Section 11(1) of the Act.</description>
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