How Much Money Can You Transfer from India Abroad Under LRS?

Learn about the RBI's Liberalized Remittance Scheme allowing Indian residents to transfer up to USD 250,000 abroad annually for various purposes.

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Under the Liberalized Remittance Scheme (LRS) of the Reserve Bank of India, individuals can transfer up to USD 250,000 (or its equivalent in other currencies) per financial year from India to abroad. This limit encompasses all permissible current or capital account transactions, including for studies, medical treatment, gifts, donations, and investment in shares, property, or business abroad.

FAQs & Answers

  1. What is the maximum amount an individual can send abroad under the LRS? An individual can transfer up to USD 250,000 or its equivalent per financial year under the Liberalized Remittance Scheme of the RBI.
  2. What are the permitted uses of funds transferred abroad under LRS? Funds under LRS can be used for studies, medical treatment, gifts, donations, investment in shares, property, or business abroad.
  3. Does the USD 250,000 limit cover all types of foreign remittances from India? Yes, the limit covers all permissible current and capital account transactions combined under the LRS for the financial year.

Watch More

For more insights on international money transfers, explore our detailed guides on Foreign Exchange Regulations, Indian Tax Implications on Overseas Transfers, and How to Invest Abroad from India.

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