Dear Customer, RBI has clarified asset classification norms on 12/11/2021, this may impact your loan/advance account with us. for details click here


Under the Liberalized Remittance Scheme, all Resident Individuals, including Minors, are allowed to freely remit up to USD 2,50,000 per Financial Year (April – March) for any permissible Current or Capital Account transaction or a combination of both.

Purpose of Liberalized Remittance Scheme :

  • Deposits
  • Purchase of immovable property
  • Investment in equity/debt
  • Gift
  • Donation
  • Travel
  • Maintenance of close relatives
  • Medical Treatment
  • Studies abroad
  • Others (please specify, enclose a separate sheet, if necessary)* (Investment in JV Company)