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<h1>Liberalised Remittance Scheme limit increase permits larger annual individual remittances and allows purchase of property abroad.</h1> The Liberalised Remittance Scheme ceiling for resident individuals has been increased to a higher annual limit, authorising AD Category I banks to remit up to that revised ceiling per financial year for permitted current or capital account transactions or a combination thereof; the Scheme is explicitly permitted for acquisition of immovable property outside India and all other existing terms and conditions of prior circulars remain applicable.