For outward remittance transfers conducted by resident individuals, the FEMA guidelines are listed under the Liberalized Remittance Scheme (LRS). Maximum Limit According to the LRS, a Person Resident in India can transfer funds up to the LRS limit of USD 25,000 per calendar year for any permissi...
3. The LRS norms for investment via GIFT IFSC have been eased by RBI. Under the Liberalised Remittance Scheme (LRS), the scope of remittances to International Financial Services Centres (IFSCs) has been expanded by RBI. As per the International Financial Services Centres Authority Act, 2019, ...