What is the maximum permissible limit for total foreign outward remittances per individual, per financial year, under the RBI’s Liberalised Remittance Scheme (LRS)?

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Direct Answer

The Liberalised Remittance Scheme (LRS) is an RBI framework that allows resident individuals to freely remit a specified amount of foreign exchange outward for permissible capital and current account transactions

The Overarching LRS Limit:
Maximum $250,000 USD per financial year (April to March).
This limit aggregates all purposes (education, medical, tourism, investment).

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