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<h1>Liberalised Remittance Scheme permits resident individuals annual outward remittances for permissible current or capital account transactions within prescribed limits.</h1> The Liberalised Remittance Scheme allows resident individuals, including minors (with guardian countersignature), to remit funds abroad for permissible current or capital account transactions up to USD 2,50,000 per financial year; corporates, firms, HUFs and trusts are excluded and remittances must comply with FEMA provisions and the specified permissible purposes.