What are the permissible transactions for Individuals under LRS?

  • Invest abroad in shares, Debt Instruments, ESOPs, Mutual Funds, Venture Capital Funds, Unrated Debt Securities and Promissory Notes (both listed and unlisted).
  • Buy property abroad.
  • Open and maintain a Foreign Currency Account with a bank in IFSC or outside India for easy remittances without RBI's prior approval.

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