Liberalised Remittance Scheme (LRS) for resident individuals-Increase in the limit from USD 75,000 to USD 125,000

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..... USD 75,000 to USD 125,000 Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the guidelines regarding the Liberalised Remittance Scheme (LRS) for Resident Individuals (the Scheme). 2. It was decided vide A.P.(DIR Series) Circular No. 138 dated June 3, 2014 , to increase the limit to USD 125,000 per financial year (April-March) from USD 75,000. Accordingly, AD Cat .....

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..... une 3, 2014, shall remain unchanged. 4. Reserve Bank has since amended the Principal Regulations through the Foreign Exchange Management (Permissible Capital Account Transaction) (Amendment) Regulations, 2014 notified vide Notification No. FEMA 311/2014-RB dated June 24, 2014 c.f. G.S.R. No. 488 (E) dated July 11, 2014. 5. AD-Category I banks may bring the contents of this circular to the .....

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