Liberalised Remittance Scheme

Understand RBI’s Liberalised Remittance Scheme and tax implications before investing overseas.

Want to invest in US equities? Here’s how you can use the Liberalised Remittance Scheme

Indian investors can easily invest in Nvidia, Tesla, and other US stocks through the Liberalised Remittance Scheme.

Budget 2023 has made almost every payment abroad costlier

The only exemptions are in education and medical treatment where your expenses on foreign shores will be safeguarded

RBI to partially relax remittance transaction restrictions on SBM Bank

The central bank on January 23 asked the bank to stop all remittance transactions under LRS due some material supervisory concerns

Story in Charts | Where are Indians spending abroad?

Purchase of foreign equity and debt recorded the sharpest growth between 2019 and 2021; but over a longer period, studies abroad accounted for a major part

Indian customers can now invest in five new global markets: ICICI Direct

ICICI Direct has expanded its global investment facility to the United Kingdom, Japan, Hong Kong Germany and Singapore.

RBI permits residents to make remittances to IFSCs under LRS

The RBI, in a notification, said it has reviewed the extant guidelines on LRS and decided to permit resident individuals to make remittances under LRS to IFSCs set up in India under the Special Economic Zone Act, 2005.

PMO reviews status of IFSC, discusses issues related to clearing house, LRS

Meeting comes in the wake of many investors in Hong Kong opting to move out after China imposes special law

Want to send money abroad from India? Here is the update on RBI’s remittance scheme

The provision of tax collection at source will be implemented only on October 1.

Opinion | Why are Indians splurging on foreign trips when the dollar is getting costlier?

If the rupee’s slide persists, is it going to be a throwback to 2013, with a fresh set of controls on individual foreign spending under the RBI’s liberalised remittance scheme?

What‘s behind sharp spike in wealthy Indians‘ overseas splurge?

Indian individuals spending in overseas property, bank deposits, equity, travel and payments to relatives has risen sharply in the last few months, raising questions on why the wealthiest of the world‘s fastest growing economy are moving billions abroad.

Important guidelines for buying a property outside India

The general consensus among many experts today, is that there is limited choice for new real estate investments in India‘s metropolitan regions, given the spiralling prices of real estate and the lack of confidence &#82

No conclusion can be drawn on Panama Papers leak case yet: RBI

RBI Deputy Governor S S Mundra, however, said that some "unverified assumptions" from government indicate that entities of most of the Indians associated with the leaks were opened in Panama under RBI's Liberalised Remittance Scheme (LRS) as per norms.

Sleepless nights ahead for illegal Panama A/C holders: Jaitley

Panama Papers this week disclosed a list of nearly 500 Indians including celebrities and industrialists who allegedly stashed money in offshore entities in Panama, considered to be a tax haven.

New RBI steps dampener for international real estate

Om Ahuja of Jones Lang LaSalle (JLL) India says that the steps taken by the Reserve Bank of India (RBI) on Indians investing in properties abroad under liberalised remittance scheme (LRS) is a dampener for Indian investors.