The Liberalised Remittance Scheme (LRS) provides an extensive and structured system for resident individuals who wish to remit money overseas and lays... down the guidelines for outward remittances from India. It is part of the Foreign Exchange Management Act (FEMA) 1999 by the Reserve Bank of India (RBI).

With economic liberalization in the 1990s, India opened her doors to the world. On the 4th of February, 2004, the RBI introduced the Liberalised Remittance Scheme. LRS is the reason why millions of Indians can support their families abroad or send money for other purposes around the world.

Get a detailed insight about LRS (Liberalised Remittance Scheme) from our esteemed panelist:

Mr. Shashwat Deep - Relationship Director– DBS Treasures,DBS Bank
C.A. Alpesh Gupta - Forex Product Manager, DBS Bank
Mrs. Hetal Ghelani - Wealth Head, DBS Bank
CA. Vinita Raichura - Forex Specialist, DBS Bank
The session will help understand why LRS is important along with giving an insight into the LRS and help understand the process of availing the same with an understanding of transactions the RBI allows and prohibits.

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