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.
If you select the "Domestic Bank Transfer in India Rupees" option during the booking process, please complete and provide your LRS Declaration form according to the specific instructions in your payment request. The declaration form must be filled out by the individual from whose bank account the payment will be made.
However, 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 Flywire’s booking process. In this case, you do not have to fill out an LRS Declaration form, as this information is as 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 booking process.
Review this article on the LRS Declaration for more information.