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)