This article will give you insight into the LRS and help you understand which transactions the RBI allows and prohibits. Meaning of Liberalised Remittance Scheme The Liberalised Remittance Scheme is what enables parents to send money to their child studying abroad. This scheme is available to any...
Where you can manage and send dozens of currencies all from the same account. Now, back to what you came here to read. The LRS (Liberalized Remittance Scheme) & the RBI (Reserve Bank of India): A history The Reserve Bank of India (RBI) is the country’s central bank. It’s ...
Liberalized Remittance Scheme (LRS) for Resident Individuals- Increase of limit from USD 125,000 to USD 250,000 : With reference to the circularRBI/2013-14/620 A.P. (DIR Series) Circular No.106 dated June 1, 2015, please note that the LRS limit’s have been revised to USD 250,000 i...