Category Repatriation & FEMA FAQ

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

Mr. and Mrs. Shah have been working in USA since past 30 years. They have now retired and intend to settle in India along with their family. They hold assets in India and in USA as well.and Mrs. Shah are returning to India for good. Is he required to inform anyone on his return to

Recent immigrant is a person who leaves his country to settle permanently in another country. Mr. Jain who intends to migrates to USA, for permanent residence is called a Recent Immigrant. Jain is keen to know the points to be kept in mind by a person leaving India.   Mr. Jain is required to intimate his

Manisha, a NRI, intends to remit funds outside India from her NRO a/c. Is this permissible? Ms. Manisha, is permitted to make outward remittances from her NRO a/c subject to satisfying the documentation requirements and conditions and payment of applicable taxes. What procedure is Ms. Manisha required to be followed to remit funds outside India