Understanding the Liberalised Remittance Scheme (LRS) in India
The Liberalised Remittance Scheme (LRS), introduced by the Reserve Bank of India (RBI), is designed to facilitate Indian residents to remit funds abroad for various purposes. This scheme, launched as part of India’s financial liberalization measures, allows resident individuals to remit up to USD 250,000 per financial year (April to March) for a range of permissible current and […]