Foreign exchange !

Remittance of foreign exchange for studies abroad ...? Limit kya h..?

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This discussion clarifies the foreign exchange remittance limits for studying abroad under the Liberalised Remittance Scheme (LRS). Individuals can freely remit up to USD 2,50,000 per financial year. For amounts exceeding this limit, permission from the Reserve Bank of India (RBI) is required.

Under Liberalised Remittance Scheme a person can freely remit upto USD 2,50,000 per financial year. If somebody wants to remit more then He or She have to take permission of RBI.
Originally posted by : gourab mukherjee
Under Liberalised Remittance Scheme a person can freely remit upto USD 2,50,000 per financial year. If somebody wants to remit more then He or She have to take permission of RBI.

1 cr 88 lacs p.a.

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