What is LRS scheme?

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The full form of LRS is Liberalised Remittance Scheme.

Meaning- Liberalised Remittance Scheme (LRS) allows resident individuals to remit up to USD 2,50,000 per financial year (April to March) for any permitted capital account transaction, current account transaction, or a combination of both.

Liberalised Remittance Scheme (LRS) is a scheme that allows resident individuals to remit a certain amount of money during a financial year to another country for investment and expenditure. As per the FEMA regulations, resident individuals may remit up to USD 250,000 per financial year for any permissible current or capital account transaction or a combination of both. This money can be used to pay expenses related to travelling (private or for business), medical treatment, studying, gifts and donations, maintenance of close relatives and so on.


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