Going abroad ? Not sure how much forex (foreign exchange) you can carry? Help is here!
Want to send money abroad? Help is here! > RBI allows you to remit up to USD 250,000 abroad per financial year for bonafide purposes . This is called Liberalised Remittance Scheme (LRS): LRS is ONLY for resident Indians. This scheme is not available to NRIs. NRIs can freely remit funds from NRE account without … Read more
If you hold an NRO account with a bank in India, you are allowed to remit up to USD 1 million per Financial Year from your NRO Account . Ironically, many NRIs/PIOs are not aware of this brilliant scheme by RBI. All you have to do is , Fill a form provided by the bank … Read more
If you are an NRI/PIO , you will need to remit money to India for your family maintenance from time to time.