What is the Liberalised Remittance Scheme (LRS)?
In 2004, the RBI instituted a policy- the Liberalised Remittance Scheme (LRS)- to relax capital outflow control. Under the LRS, individuals can send money across borders without requiring approval from the RBI. Thus, it has made it easier for Indian residents to study, travel, and make investments in other countries.
As per the scheme, you can currently invest up to USD 250,000 every year abroad. This amount is subject to changes in RBI guidelines.
For more information on LRS, refer RBI's FAQ.
Still need help? Create Ticket
