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Complete Guide to Liberalized Remittance Scheme - India 2026

Complete Guide to Liberalized Remittance Scheme - India 2026

Background and Limits The Liberalized Remittance Scheme (LRS) was introduced by the Reserve Bank of India (RBI) through A.P. (DIR Series) Circular No. 64 dated February 2004, with the objective of simplifying and liberalizing foreign exchange facilities available to resident individuals. Under the LRS, resident…