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Current · Source: Reserve Bank of India · RBI/2023-24/93 · issued 22 Dec 2023 · ~2 min read
Quick answerFrom Dec 26, 2023, AD Category-I banks must submit LRS monthly (R089) and daily (R010) returns on CIMS portal instead of XBRL. Monthly returns are due by the 5th of the following month; daily returns by the next working day. NIL reports are mandatory if no transactions occur.
The rule, in the simplest words
From December 26, 2023, banks must send LRS (a scheme letting people send money abroad) reports on the CIMS portal (a new RBI website) instead of the old XBRL site.
Monthly report (code R089) is due by the 5th of the next month; daily report (code R010) is due by the next working day.
If no LRS transactions happened, banks must still file a 'NIL' report (a report saying nothing happened) on CIMS.
Only AD Category-I banks (banks allowed to deal in foreign exchange) are affected by this change.
How it plays out — a real example
A forex & trade-finance officer in Indore, Priya, used to submit her bank's LRS reports on the old XBRL site. Now, every morning after December 26, 2023, she logs into the CIMS portal to upload the daily R010 report by the next working day. Even on a quiet day with no customer remittances, she clicks 'NIL' report so the RBI knows nothing happened—keeping her bank compliant without missing a beat.
What changed
RBI has discontinued LRS monthly and daily return submissions via the XBRL site effective December 26, 2023. All AD Category-I banks must now upload these returns exclusively on the Centralised Information Management System (CIMS) portal, using return codes R089 (monthly) and R010 (daily). Banks already onboarded on CIMS were submitting on both platforms; this shift makes CIMS the sole channel.
What it means for you
Banks must ensure their systems are fully integrated with CIMS to avoid reporting gaps, as XBRL submissions will no longer be accepted. The move centralizes LRS data in RBI’s new data warehouse, likely improving data consistency and monitoring. Monthly returns for December 2023 must be filed by January 5, 2024, and daily returns from December 26 onward must be filed the next working day.
What you must do
Verify your bank's CIMS portal access and user credentials for return codes R089 and R010.
Update internal reporting workflows to submit LRS monthly returns by the 5th of each month and daily returns by the next working day.
Ensure staff are trained to file NIL reports on CIMS when no LRS transactions occur.
Communicate the change to all relevant branches and compliance teams handling LRS remittances.
Who it affects
AD Category-I banks, Compliance and reporting teams handling LRS transactions, Branch staff processing resident individual remittances under LRS
❓ Common questions
Regulatory timeline
Stated effective dateeffective December 26, 2023
Decoded by BankPulse2026-06-18 04:02 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What are the new deadlines for LRS returns on CIMS?
Monthly returns (R089) must be uploaded by the 5th of the following month, starting with December 2023 data due by January 5, 2024. Daily returns (R010) must be uploaded by the next working day from December 26, 2023 onward.
What if my bank has no LRS transactions to report?
You must still upload a 'NIL' report on the CIMS portal for both monthly and daily returns. Failure to submit any report may be treated as non-compliance.
Is the XBRL site still available for LRS reporting?
No, effective December 26, 2023, XBRL submissions for LRS returns are discontinued. All reporting must be done exclusively through the CIMS portal at https://sankalan.rbi.org.in.
📜 Read the original circular — full text as issued by RBI
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2023-24/93 · issued 22 Dec 2023. The plain-English explanation above is BankPulse’s own independent summary.
Communicate the change to all relevant branches and compliance teams handling LRS remittances.
💻 IT / Systems
Verify your bank's CIMS portal access and user credentials for return codes R089 and R010.
📜 Compliance
Update internal reporting workflows to submit LRS monthly returns by the 5th of each month and daily returns by the next working day.
Ensure staff are trained to file NIL reports on CIMS when no LRS transactions occur.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template
Example: if you are an IT/Systems lead at a bank this circular applies to (AD Category-I banks, Compliance and reporting teams handling LRS transactions, Branch staff processing resident individual remittances under LRS), your first concrete step on “LRS Reporting Moves from XBRL to CIMS Portal” is: “Verify your bank's CIMS portal access and user credentials for return codes R089 and R010.” (RBI issued this 22 Dec 2023).
Circular: RBI/2023-24/93 -- LRS Reporting Moves from XBRL to CIMS Portal
Issued: 22 Dec 2023
Action required: Verify your bank's CIMS portal access and user credentials for return codes R089 and R010.
Action required: Update internal reporting workflows to submit LRS monthly returns by the 5th of each month and daily returns by the next working day.
Action required: Ensure staff are trained to file NIL reports on CIMS when no LRS transactions occur.
Action required: Communicate the change to all relevant branches and compliance teams handling LRS remittances.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
💬 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.
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=12575&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.
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