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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)

Remittance Schemes & Documentations for Non-Resident Indians (NRI) and Person of Indian Origin (PIO)

1) Remittance from NRE/FCNR account

Limit

No Limit

Form/Documents

Applicant Passport copy with visa

Outward Remittance Application & - Form A2 cum LRS Declaration

A cancelled cheque & 3 month bank statement (till date) need to be submitted additionally

2) Remittance from NRO account

Limit

No limit; for remittance sourced from current income

USD 1 Million per financial year; for remittance sourced from income other than current income

Form/Documents

Retail Outward Remittance Application

Form 15 CA and 15 CB as applicable

Cancelled cheque & 3 month bank statement (till date) need to be submitted additionally.

Applicant Passport copy with visa