18Feb
Liberalized Remittance Scheme
What is Liberalized Remittance Scheme (LRS): Resident Individuals (RIs) are permitted to remit a sum not exceeding USD 250,000/- per Financial Year (April – March), outside India from RI’s own funds (and not borrowed funds). Limit of USD 2,50,000/- is per person per financial year. The facility is available to each family member (including minor)