RBI1 min read
LRS
Liberalised Remittance Scheme — RBI scheme allowing resident individuals to remit up to USD 250,000 per financial year for permissible current and capital account transactions.
Last updated: 16 May 2026
Frequently Asked Questions (FAQs)🔗
Q1. What is LRS in Indian corporate law?▼
Liberalised Remittance Scheme — RBI scheme allowing resident individuals to remit up to USD 250,000 per financial year for permissible current and capital account transactions.
Q2. Why is LRS important for compliance?▼
LRS is governed by the Reserve Bank of India under applicable banking and monetary policy frameworks. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Q3. What is the full form of LRS?▼
Liberalised Remittance Scheme — that is the full form of LRS.
Contextual Analysis & Regulatory Updates🔗
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