Liberalised Remittance Scheme (LRS) Payments

The Liberalised Remittance Scheme (LRS) framework, established by the Reserve Bank of India (RBI), enables Indian residents to send up to USD 250,000 (per financial year) internationally. These remittances can cover various purposes like education fees, travel expenses, investments, and more.

Key features of LRS:

1. Annual limit of USD 250,000 per person per financial year
2. Available only to individual residents (not legal business entities)
3. Requires collection & validation of PAN (Permanent Account Number)
4. Involves Tax Collected at Source (TCS) based on purpose & transaction amount as per applicable government regulations
   
   

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   Pre-requisites

   1. Sign-up for a account with Decentro before you start integration.
   2. Post sign-up, you will receive the API credentials for our Staging/UAT environment and our dashboard.
   3. Please use these credentials to initiate your testing/integration.
   4. Contact your support team to enable LRS collection for your account and map any webhook/callback endpoints.

Relevant APIs:

1. Manage LRS Customer
   1. Create LRS Customer
   2. Fetch LRS Customer Details (Coming soon!)
   3. Edit LRS Customer Details (Coming soon!)
   4. Delete LRS Customer (Coming soon!)
2. Generate LRS Payment Link
3. Get Transaction Status
4. LRS Transaction Status Callback/Webhook

Transaction Lifecycle Diagram