Liberalized Remittance Scheme
What is Liberalised Remittance Scheme (LRS)? LRS is a scheme introduced under FEMA by RBI for Resident Individuals and also, for other persons resident in India (for certain transactions ) subject to limits and conditions as specified in FEMA. Currently, the bank allows remittance of all permissible Current/Capital a/c transactions up to USD 250,000/- per