Banking Exams General & Banking Awareness — Question 1424
Question
What is the annual remittance limit for a resident individual under the RBI's Liberalised Remittance Scheme (LRS)?
- USD 1,00,000
- USD 2,50,000
- USD 5,00,000
- USD 10,00,000
Correct answer
B — USD 2,50,000
Explanation (English)
Under the LRS, a resident individual may remit up to USD 2,50,000 per financial year.
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