Under the Liberalised Remittance Scheme (LRS), the Indian government and the Reserve Bank of India (RBI) now require an LRS Declaration form (fully titled “A2 cum LRS Declaration”) to transfer funds abroad. If you select to pay via “Domestic Bank Transfer in INR”, you are required to fill out and submit this form.
The A2 form has been updated to fulfill your LRS Declaration requirement. We will provide you with an LRS Declaration form with full instructions on how to complete your payment each time you use Flywire’s services to make a payment from India. Please complete your form and submit it to our local partner in India using the email address provided in your payment instructions.
If you select the "Domestic Bank Transfer of Less Than INR Equivalent of $10,000 USD" option during the Flywire booking process, you do not have to fill out an LRS Declaration form, as this information is collected as a part of the booking process. You do not have to submit a valid proof of national ID either, as your Permanent Account Number (PAN) will be validated in real-time during the Flywire booking process. Please note, the payment must be made from the PAN holder’s account.