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Dollor Remittance

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sfunds.2014

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104 Points Posted on 19 October 2021

Hi,

I have remitted nearly 650000 Rs to my Daughter for her studies in US in this financial year.

I am planning to travel to US as Visitor. How much I can take to Us in travel card for my stay and expenses there. Will the limit of Rs 700000 apply here.

Above what amount will 5% will be charged under LRS

Sridhar

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Quick Summary

This discussion concerns the amount of money an individual can carry to the US on a travel card for personal expenses, after having already remitted a significant sum for their daughter's education. The user is seeking clarification on whether the previous remittance affects their personal travel allowance and enquires about the Rs 700,000 limit and the 5% charge under Liberalised Remittance Scheme (LRS) for amounts exceeding a certain threshold.