How Much Money Can You Send as a Gift Abroad from India? RBI LRS Limits Explained

Learn the RBI's Liberalised Remittance Scheme limit for sending money as a gift abroad from India, including annual caps and transaction rules.

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As per the Reserve Bank of India (RBI) guidelines under the Liberalised Remittance Scheme (LRS), Indian residents can send up to USD 250,000 per financial year as a gift to someone abroad. This limit applies to all overseas transactions combined, including gifts, travel, education, and investment.

FAQs & Answers

  1. What is the maximum amount Indian residents can send abroad as a gift? Under the RBI's Liberalised Remittance Scheme, Indian residents can send up to USD 250,000 per financial year as a gift to someone abroad.
  2. Does the USD 250,000 limit include other overseas transactions? Yes, the USD 250,000 annual limit applies collectively to all foreign remittances including gifts, travel expenses, education, and investments.
  3. Who governs the rules for sending money abroad from India? The Reserve Bank of India (RBI) regulates foreign remittances under the Liberalised Remittance Scheme.

Watch More

If you're interested in understanding more about sending money abroad from India, be sure to check out our guides on the Liberalised Remittance Scheme for education and investment purposes, as well as tips on how to remit funds securely and compliantly under RBI rules.

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