Liberalized remittance scheme

What is the Liberalized Remittance Scheme of USD 200,000?

Under the Liberalized Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD 1,25,000 per financial year (April - March) for any permissible current or capital account transaction or a combination of both.

Purpose of Liberalized Remittance Scheme

Sr. No Purpose of remittance
1 Deposit 
2 Purchase of immovable property
3 Investment in equity/debt 
4 Gift 
5 Donation 
6 Travel
7 Maintenance of close relatives
8 Medical Treatment
9 Studies abroad
10 Others  (please specify, enclose a separate sheet, if necessary)* (Investment in JV Company)

 

 

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