Kotak Mahindra Bank

Finans

What is Liberalised Remittance Scheme (LRS)?

The Liberalised Remittance Scheme (LRS) is a framework set by the Reserve Bank of India (RBI) that allows Indian residents individuals (as defined under FEMA 1999), including minors, 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.