LRS - Indian residents
Liberalised Remittance Scheme (LRS)*
Liberalised Remittance Scheme is a scheme introduced by RBI as a liberalisation measure to facilitate Resident Individuals (RI) to freely remit funds up to USD 2,50,000/- outside India in a financial year (April to March) for any permissible current or capital account transaction or a combination of both.
*for updated rules and latest regulations, visit rbi.org.in and consult your financial advisor
Who is eligible under LRS?
Any resident individual including a minor is allowed to remit up to 2.5 lakh US dollars (USD 2,50,000) in each financial year.
Permissible Capital Account Transactions
Opening of foreign currency account abroad with a bank
Purchase of property abroad
Investments in shares, mutual funds, promissory note, debenture etc. abroad
Permissible Current Account Transactions
Overseas business trip
Pursuing studies outside India
Maintenance of close relatives abroad
Going outside India for employment
Liberalised Remittance Scheme (LRS)
Increasing number of families have been utilising their eligible allowance to build an investment pot overseas. They have also benefited from the rise of the global markets and INR depreciation. We help our clients open International bank accounts with option to open in GBP and USD. We also introduce our clients to international trading platforms where they are digitally onboarded and can then invest in to Global Stocks, ETFs, bonds, etc.