If you select the "Domestic Bank Transfer in India Rupees" option when booking your payment, you'll be provided with a pre-filled LRS Declaration form and you’ll be given access to our bank instructions.
Under the Liberalised Remittance Scheme (LRS), The Reserve Bank of India (RBI) now requires an LRS Declaration form (fully titled “A2 cum LRS Declaration”) to transfer funds abroad. As a result, the A2 form has been updated to fulfill this requirement.
Review this article on the LRS Declaration for more information.
The bank instructions contain all of the details you’ll need to complete your payment. After creating an account, you can retrieve the bank instructions at anytime through your Flywire dashboard or by contacting our customer support.
You can send your payment through either National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS). Once your payment is complete, you must also submit your LRS Declaration form to our local partner in India via email—please note, this step is mandatory.
Instructions on how to submit your declaration form will be provided with the payment request. The sender of the payment is required to fill out and send the form along with your payment and valid proof of national ID. Not submitting the form could result in delays or cancellation of your payment. For detailed payment instructions, please review this document.
NOTE: If your payment is a domestic bank transfer equalling the INR equivalent of $5,000 USD or less, you may select the "Domestic Bank Transfer of Less Than INR Equivalent of $5,000 USD" option during the booking process. In this case, you do not have to fill out an LRS Declaration form because this information is collected as part of the booking process. You do not need to submit a valid proof of national ID either, as your Permanent Account Number (PAN) will be validated in real-time during the booking process.