Liberalised Remittance Scheme permits unlimited remittance frequency but bars further transfers once annual cumulative cap is reached. No restrictions exist on remittance frequency under the Liberalised Remittance Scheme; however, a resident individual may not exceed the cumulative annual ... Summary
Liberalised Remittance Scheme permits unlimited remittance frequency but bars further transfers once annual cumulative cap is reached.
No restrictions exist on remittance frequency under the Liberalised Remittance Scheme; however, a resident individual may not exceed the cumulative annual limit of USD 2,50,000 on foreign exchange purchased or remitted from all Indian sources, and once that limit is reached the individual cannot make further remittances under the scheme in the same financial year even if investment proceeds are repatriated.
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