What is the free remittance limit under the Liberalised Remittance Scheme (LRS)?
What is the free remittance limit under the Liberalised Remittance Scheme (LRS)?
[A]USD 1,50,000 per financial year
[B]USD 2,50,000 per financial year
[C]USD 3,50,000 per financial year
[D]USD 5,00,000 per financial year
USD 2,50,000 per financial year
Under the Liberalised Remittance Scheme (LRS, all resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year for any permissible current or capital account transaction or a combination of both. There are no restrictions on the frequency of remittances under LRS.
Originally written on
November 16, 2015
and last modified on
November 16, 2015.