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Remittance

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)