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What is the RBI Liberalized Remittance Scheme ?

April 26, 2017liberalized rbi remittance Scheme

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What is the RBI Liberalized Remittance Scheme ?

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Liberalized Remittance Scheme is a scheme launched by RBI that allows resident individuals to remit outside India up to USD 200,000 per financial year (April-March) for any permitted capital and / or current account transactions under the automatic approval route.