RBI allows remittances for all permissible purposes to IFSCs under the LRS

Affluence Advisory , Last updated: 20 July 2024 Share Follow on Google News

The Reserve Bank of India (RBI) has vide its Circular dated July 10, 2024 allowed remittances for all permissible purposes under the Liberalized Remittance Scheme to the International Financial Services Centre. Before delving into what remittances are allowed, let us understand a few important conce

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RBI allows remittances for all permissible purposes to IFSCs under the LRS

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