Remittance Schemes & documentation for Resident Indians
1) Send money as Gift
|
Limit |
USD 250,000 per financial year (Remittance can be initiated under LRS only) |
|
Form/Documents |
Outward Remittance Application & - Form A2 cum LRS Declaration PAN Card copy Applicant Passport / Aadhar Card / Driving Licence/ Voters ID |
2) For Employment Abroad
|
Limit |
USD 250,000 per financial year |
|
Form/Documents |
Outward Remittance Application & - Form A2 cum LRS Declaration Applicant Passport |
3) For Emigration
|
Limit |
USD 250,000 per financial year |
|
Form/Documents |
Outward Remittance Application & - Form A2 cum LRS Declaration PAN card copy Applicant Passport |
4) For Overseas Education
|
Limit |
USD 250,000 per academic year (academic year may vary as per the institution) |
|
Form/Documents |
Outward Remittance Application & - Form A2 cum LRS Declaration PAN card copy Applicant Passport |
5) Sending money for Maintenance of Close Relatives abroad (Sending Living Expenses for Close Relative)
|
Limit |
USD 250,000 per financial year per recipient |
|
Form/Documents |
Outward Remittance Application & - Form A2 cum LRS Declaration PAN card copy Applicant Passport / Aadhar Card / Driving Licence/ Voters ID |
6) For Medical Treatment Abroad
|
Limit |
USD 250,000 per financial year |
|
Form/Documents |
Outward Remittance Application & - Form A2 cum LRS Declaration PAN card copy Applicant Passport Confirmed Air Ticket showing travel within 60days Remittance in excess of USD 100,000 is allowed without any monetary limit subject to estimate from doctor in India or a doctor/hospital abroad. Reserve Bank approval is required to release exchange exceeding the estimate from the doctor in India or doctor/hospital abroad |
7) For Maintenance expenses of Patient/ or accompanying attendant for Medical Treatment/Check-Up
|
Limit |
USD 25,000 per visit (USD 250,000 per Financial Year) |
|
Form/Documents |
Outward Remittance Application & - Form A2 cum LRS Declaration PAN card copy Applicant Passport Confirmed Air Ticket showing travel within 60days Copy of Passport of the attendant, with valid visa, duly attested by us with the original |
8) For Business Travel, attending conferences and specialised training abroad
|
Limit |
USD 250,000 per visit (USD 250,000 per Financial Year) |
|
Form/Documents |
Outward Remittance Application & - Form A2 cum LRS Declaration PAN card copy Applicants Passport Forex Application in Company Letterhead with seal Documentary evidence of conference/training Copy of Passport with business/appropriate valid visa, duly attested by us with the original |
9) For Business Travel, attending conferences and specialised training abroad
|
|
Confirmed Air Ticket showing travel within 60 days Form A2 cum LRS Declaration and PAN card copy Applicant Passport |
10) For Private Visit/ Leisure Trip to abroad
|
Limit |
USD 10,000 or its eq per trip. (USD 250,000 per Financial Year) |
|
Form/Documents |
Form A2 cum LRS Declaration and PAN card copy Applicant Passport Confirmed Air Ticket showing travel within 60days Visa (if required) |