Individual Remittance Limits: How Much Can You Send?

Find out the maximum amount for individual remittances globally and specific details for India under the LRS.

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The maximum amount that can be given as an individual remittance typically varies by country. For instance, under the Liberalised Remittance Scheme (LRS) in India, the limit is $250,000 per financial year. It's crucial to check local guidelines for accurate figures.

FAQs & Answers

  1. What is the maximum individual remittance limit in India? Under the Liberalised Remittance Scheme (LRS) in India, the maximum limit for individual remittances is $250,000 per financial year.
  2. Are there different remittance limits in other countries? Yes, remittance limits vary by country. It's important to review the specific local regulations for accurate limits.
  3. What is a remittance? A remittance is a sum of money sent, typically by a foreign worker, back to their home country to support family or fund obligations.
  4. How can I send remittances internationally? You can send remittances internationally through banks, online money transfer services, or money transfer companies, depending on the destination and amounts.

Watch More

If you found this information helpful, be sure to check out our other videos on international money transfers, currency exchange rates, and financial regulations in different countries. These topics provide deeper insights into managing your finances globally and ensuring compliance with local laws.

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