Liberalised Remittance Scheme restrictions bar specified outward transfers, including margins, offshore FX trading, and certain capital flows.

The Liberalised Remittance Scheme (LRS) excludes specific outward transfers: transactions barred under Schedule I and items restricted under Schedule II of the Current Account Rules; margins or margin calls to overseas exchanges or counterparties; purchase of FCCBs in the overseas secondary market; trading in foreign exchange abroad; capital account remittances to FATF identified non-cooperative jurisdictions; remittances to persons/entities designated by the Reserve Bank for terrorism risk; and gifting by a resident to another resident in foreign currency for credit to the latter's foreign currency account abroad-such remittances are not available under the Scheme.

---

---

---