How do I withdraw money from my account?
You may withdraw money from your brokerage account into your bank account. To do so, go to the accounts section on the app and select ‘transfer/withdraw’.
Any money you remit back to India will need to be re-counted in your LRS limit if you wish to remit it overseas again.
For example, let’s say you sent $250,000 to your US brokerage account in May 2022, and in December 2022 you withdraw $300,000 back to India. Since you have already used your LRS limit for 2022-23, you can not remit money overseas till March 2023. You may remit up to $250,000 overseas again only in April 2023.
On the other hand, if you withdraw this money into your integrated Winvesta multi-currency account, you can reinvest it in any foreign asset. In FY 2022-23 you will be able to invest another $250,000 in international assets, in addition to these $300,000.