Remittance Limits for Resident Indians & NRIs
(For limits related to Tax Collected at Source, read TCS on Money Transfer Abroad from India)
Liberalised remittance scheme (LRS) for resident individuals:
Eligibility |
Only resident individuals are eligible to make remittance under the liberalised remittance scheme |
Limit |
USD 250,000 per financial year (i.e. April 1st – March 31st) |
Forms/Documents |
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Permissible Purposes |
These are the purposes available under LRS for permissible current or capital account transactions
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Transactions not permissible under LRS |
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Remittance Schemes & documentation for Resident Indians under LRS
(For knowing about KYC documents required, read KYC Documents for Sending Money Abroad)1. Sending money as Gift (gift remittance & donation)
Limit |
USD 250,000 per financial year |
Form/Documents |
|
2. For Employment Abroad
Limit |
USD 250,000 per financial year |
Form/Documents |
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3. For Emigration/Visa fees
Limit |
USD 250,000 per financial year |
Form/Documents |
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4. For Education Abroad
Limit |
USD 250,000 per academic year (academic year may vary as per the institution) |
Form/Documents |
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5. For Maintenance of Close Relatives abroad
Limit |
USD 250,000 per financial year |
Form/Documents |
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6. For Medical Treatment Abroad
Limit |
USD 250,000 per financial year |
Form/Documents |
|
7. For Maintenance expenses of Patient/ or accompanying attendant for Medical Treatment/Check-Up
Limit |
USD 25,000 per Financial Year |
Form/Documents |
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8. Business travel / Conferences / Specialised training abroad
Limit |
USD 250,000 per Financial Year |
Form/Documents |
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9. Private visit / Leisure trip abroad
Limit |
USD 250,000 per Financial Year |
Form/Documents |
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Remittance Schemes & documentation for Non-Resident Indians (NRI) and Person of Indian Origin (PIO)
1. Remittance from NRE/FCNR account
Limit |
No Limit |
Form/Documents |
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2. Remittance from NRO account
Limit |
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Form/Documents |
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