What is the LRS?

Liberalized Remittance Scheme (LRS), of RBI, allows Indian resident individuals to remit up to USD 250,000 per financial year (Apr-Mar) to another country for investments and expenditure. This limit is per individual including minors, which means that a family of 4 can remit up to USD 1 million per financial year. This quota includes any investments like US securities, real estate, and bank deposits, etc., and all expenses like foreign travel, and student education.

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