What are the Limits on International Money Transfer as per RBI Guidelines

RBI introduced Liberalised Remittance Scheme (LRS) so that Indian citizens can transfer money internationally.

As per LRS, an Indian citizen can transfer up to USD 250,000 in a financial year.

It can be sent for various purposes like education, travel, medical treatment, investment, etc. 

Earlier, the limit on International Money Transfer was USD 25,000 but it was upgraded in 2015-16. 

To know everything about limits on International Money Transfers-  SWIPE UP!