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Liberalised Remittance Scheme – Harmonisation of Data and Definitions

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....of the Second Bi-monthly Monetary Policy Statement for 2018-19 released on June 6, 2018. As indicated therein, it has been decided that furnishing of Permanent Account Number (PAN), which hitherto was not to be insisted upon while putting through permissible current account transactions of up to USD 25,000, shall now be mandatory for making all remittances under Liberalised Remittance Scheme (LRS)....

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