Home › Circulars › RBI/2021-22/56

LRS Reporting Moves to XBRL from July 2021

No longer current — withdrawn, no replacement on file yet

RBI's own words: “instructions issued vide circulars A.P. (DIR Series) Circular No. 07 dated June 17, 2021” — RBI/2024-25/74

Source: Reserve Bank of India · RBI/2021-22/56 · issued 17 Jun 2021 · ~1 min read

Quick answerAD Category-I banks must switch LRS reporting from ORFS to XBRL, uploading data by the 5th of each month starting July 2021. File nil if no transactions. User IDs issued separately.

The rule, in the simplest words

Use the new XBRL system instead of the old ORFS for LRS reports.
Send the report by the 5th day of the next month, starting from July 2021.
If no money was sent under LRS, still send a report saying 'nil'.
The report must include the number of applications and the total amount sent.
Your bank will get a special user ID to log in to the XBRL site.

How it plays out — a real example

Rohit, the compliance officer at a Mumbai AD bank, logs into the XBRL portal on the 3rd of August. He uploads July's LRS data—12 applications totaling ₹45 lakh—and clicks submit. For a quiet month with no remittances, he files 'nil' to stay compliant.

What changed

RBI has decided to collect Liberalised Remittance Scheme (LRS) data via the XBRL system instead of the Online Return Filing System (ORFS). AD Category-I banks must upload the number of applications and total remitted amounts on XBRL from July 1, 2021 onwards. The deadline is the 5th of the succeeding month, and nil reporting is mandatory when there are no transactions.

What it means for you

Banks need to adapt their reporting workflows to the XBRL platform, ensuring timely submission to avoid compliance gaps. The switch may require IT updates and staff training. Nil reporting ensures RBI maintains a complete data trail even for inactive periods.

Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.

What banks were required to do at the time

Access the XBRL site at https://xbrl.rbi.org.in/orfsxbrl and verify your user ID.
Upload LRS data (number of applications and total amount) by the 5th of each month starting July 2021.
File 'nil' figures if no LRS transactions occurred in the month.
Coordinate with your IT team to ensure XBRL system compatibility and data accuracy.
Monitor RBI communications for any further instructions on user ID issuance.

Who it affects

AD Category-I banks, Bank compliance teams, Bank IT and reporting departments

❓ Common questions

Regulatory timeline

Decoded by BankPulse 2026-08-03 04:06 IST
withdrawn_by — RBI scraps monthly LRS return for AD banks
Status change: withdrawn 2026-07-13T16:38:14

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

What is the deadline for uploading LRS data on XBRL?

The data must be uploaded on or before the 5th of the succeeding month, starting from July 1, 2021.

What if my bank has no LRS transactions in a month?

You must still upload 'nil' figures on the XBRL system to comply with the reporting requirement.

Where do I access the XBRL system?

The XBRL site is accessible at https://xbrl.rbi.org.in/orfsxbrl. User IDs are issued separately by RBI.

📜 This document’s life story (1 recorded event, each backed by RBI’s own words)

Withdrawn by RBI scraps monthly LRS return for AD banks

RBI’s words: “instructions issued vide circulars A.P. (DIR Series) Circular No. 07 dated June 17, 2021”

📜 Read the original circular — full text as issued by RBI

Notifications - Reserve Bank of India Skip to main content Selected Selected Change Language हिंदी Search the Website Search Home About Us ▼ About Us Organisation & Functions ▶ Organisation Structure Departments Offices Training Establishment ▶ College of Agricultural Banking Reserve Bank Staff College College of Supervisors RBI's Functions and Working Governors Deputy Governors Executive Directors Communication Policy of RBI Sources of Information ▶ Annual Publications Half-yearly Publications Quarterly Publications Monthly Publications Weekly Publications Occasional Publications SDDS NSDP Data Releases Publications available on Subscription General Information RBI History Museum ▶ The RBI Museum RBI Monetary Museum Notification ▼ Notifications Master Directions Master Circulars Amendment Directions Draft Notifications/Guidelines ▶ Draft Notifications/Guidelines Draft Directions (RE-wise) Index To RBI Circulars Standalone Circulars Circulars Withdrawn Press Releases Speeches & Media Interactions ▼ Speeches Media Interactions Memorial Lectures Podcasts Publications ▼ Biennial Annual Half-Yearly Quarterly Bi-monthly Monthly Weekly Occasional Reports Working Papers Legal Framework ▼ Act Rules Regulations Schemes Research ▼ External Research Schemes RBI Occasional Papers Working Papers RBI Bulletin History DRG Studies KLEMS State Statistics and Finances Statistics ▼ Data Releases Database on Indian Economy Public Debt Statistics Regulatory Reporting ▼ List of Returns Data Definition Validation rules/ Taxonomy List of RBI Reporting Portals FAQs of RBI Reporting Portals Home Notifications Notifications Withdrawn with effect from November 16, 2021, February 18, 2022, May 02, 2022, May 13, 2022, May 21, 2024, July 12, 2024 & October 01, 2024 ( 575 kb ) Liberalised Remittance Scheme for Resident Individuals – Reporting RBI/2021-22/56 A. P. (DIR Series) Circular No. 07 June 17, 2021 To All Category - I Authorised Dealer Banks Madam / Sir, Liberalised Remittance Scheme for Resident Individuals – Reporting Attention of all Authorised Dealer Category - I (AD Category - I) banks is invited to A. P. (DIR Series) Circular No. 106 dated May 23, 2013 , in terms of which, AD Category -I banks were required to upload the data in respect of number of applications received and the total amount remitted under the Liberalised Remittance Scheme (the Scheme) on Online Return Filing System (ORFS). 2. It has now been decided to collect this information through XBRL system instead of the ORFS. 3. Accordingly, AD Category – I banks shall upload the requisite information on XBRL system on or before the fifth of the succeeding month from July 01, 2021 onwards. The XBRL site can be accessed through URL https://xbrl.rbi.org.in/orfsxbrl . User ids are being issued separately. In case no data is to be furnished, AD banks shall upload ‘nil’ figures. 4. The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (R. S. Amar) Chief General Manager 2026 All Months January February March April May June July August September October November December 2025 All Months January February March April May June July August September October November December 2024 All Months January February March April May June July August September October November December 2023 All Months January February March April May June July August September October November December 2022 All Months January February March April May June July August September October November December 2021 All Months January February March April May June July August September October November December 2020 All Months January February March April May June July August September October November December 2019 All Months January February March April May June July August September October November December 2018 All Months January February March April May June July August September October November December 2017 All Months January February March April May June July August September October November December Archives 2016 All Months January February March April May June July August September October November December 2015 All Months January February March April May June July August September October November December 2014 All Months January February March April May June July August September October November December 2013 All Months January February March April May June July August September October November December 2012 All Months January February March April May June July August September October November December 2011 All Months January February March April May June July August September October November December 2010 All Months January February March April May June July August September October November December 2009 All Months January February March April May June July August September October November December 2008 All Months January February March April May June July August September October November December 2007 All Months January February March April May June July August September October November December 2006 All Months January February March April May June July August September October November December 2005 All Months January February March April May June July August September October November December 2004 All Months January February March April May June July August September October November December 2003 All Months January February March April May June July August September October November December 2002 All Months January February March April May June July August September October November December 2001 All Months January February March April May June July August September October November December 2000 All Months January February March April May June July August September October November December 1999 All Months January February March April May June July August September October November December 1998 All Months January February March April May June July August September October November December 1997 All Months January February March April May June July August September October November December 1996 All Months January February March April May June July August September October November December 1995 All Months January February March April May June July August September October November December 1994 All Months January February March April May June July August September October November December 1993 All Months January February March April May June July August September October November December 1992 All Months January February March April May June July August September October November December 1991 All Months January February March April May June July August September October November December Top Back to previous page More Links Bank Holidays Banking Glossary Citizen's Charter Complaints Contact Us COVID-19 Measures E-LMS Events FAQs Financial Education Forms IFSC/MICR Codes Important Websites Opportunities @ RBI RBI Clarifications RBI Kehta Hai RBI’s Vision and Values (1257 kb)--> Right to Information Act Tenders Follow RBI RSS Twitter YouTube Instagram Facebook LinkedIn © Reserve Bank of India. All Rights Reserved. Sitemap | Disclaimer Website owned and managed by Reserve Bank of India. Contact us on helpdoc[at]rbi[dot]org[dot]in Website last updated date: Aug 01, 2026 Supports: Google Chrome 147+ | Firefox 150+ | Microsoft Edge Version 147+ | Safari 17+ Accessibility Statement | Screen Reader and Accessibility Help

Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2021-22/56 · issued 17 Jun 2021. The plain-English explanation above is BankPulse’s own independent summary.

🧰 Tools — save, print, templates & related

Most relevant forCompliance Team NRI Relationship Manager RM — Deposits & Wealth (CASA / HNI)Corporate / Wholesale Banking RM Trade Finance / Forex Operations Internal Audit

🛠 Banker’s toolkit — checklists & reply templates →

Related circulars · Foreign Exchange (FEMA)

RBI scraps monthly LRS return for AD banks RBI raises cash carry limit for travellers to Rs 7,500 Rupee Value of Special Currency Basket Revised to Rs.60.897378 ECB Policy Liberalised: Cost Ceilings Removed, NBFCs & Realty Get Boost ECB: Integrated Township Exemption Removed, Cost Ceilings Tightened

Browse all departments →

💬 Banker Discussion

Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.

Loading comments…

BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12115&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.