DBC 2506 - Liberalised Remittance Scheme (LRS)

 

Daily Banking Concept 

No. 2506                                            25-07-2026

           Liberalised Remittance Scheme (LRS)

 The Liberalised Remittance Scheme (LRS) is a Reserve Bank of India (RBI) facility that allows all resident individuals (including minors) to freely remit up to USD 2,50,000 per financial year abroad. Funds can be used for permissible current or capital account transactions without prior RBI approval.