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” and your payment is equivalent to approximately 10,000 USD or more, 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 instructions in your tracking link.
If you select the "Domestic Bank Transfer in Indian Rupees (INR)" option and the amount is equivalent to approximately $10,000 USD or less, the LRS Declaration will not be displayed. You do not have to fill out and submit an LRS Declaration, 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 when you create your payment request. The payment must be made from the PAN holder’s account.
- Currently there are two versions of the LRS Declaration: Download Version and Digital Version. The version that is available for you depends on your payment request. Please access your tracking link for further details about the LRS Declaration.
- If you see your LRS Declaration in the digital version, you do NOT need to download your LRS Declaration. After completing your form, an email attached with your LRS Declaration will be sent to our local partner in India and to you (the payer's email in your payment request).
- If you see your LRS Declaration in the download version, after completing your form please submit it to our local partner in India using the email address provided in your payment instructions.