Can a Resident Indian utilize more than the amount specified (USD 2,50,000) under LRS for buying foreign listed securities?

Modified on Thu, 05 Jan 2023 at 05:52 PM

An Individual cannot remit more than USD 2,50,000 in one financial year under LRS scheme. However, if a resident individual investor who is not permanently resident in India after having remitted their entire earnings and salary, wishes to further remit other income over and above the limit of USD 2,50,000, may approach RBI with documents through their Authorized Dealer Bank for approval.

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