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)