Browsing: LRS scheme

Large foreign banks are shutting down the bank accounts of Indian high-net-worth individuals (HNIs) due to the high minimum…

Backtracking from its earlier announcement, the Centre, on June 28, decided to defer the decision to include international credit…

Your credit card payments overseas will attract a 20% TCS from July 1Outward remittances under LRS scheme near $2 billion…

Indians spent around $10 billion on overseas travel between April and December, a report by the Times of India (TOI)…

Outward remittances under the Reserve Bank of India’s (RBI’s) liberalised remittance scheme (LRS) jumped 34.57 per cent month-on-month (MoM)…

If you have a child studying abroad or if you are planning an overseas holiday, then the Liberalised Remittance Scheme…

Indians sending money abroad has seen an increase in the year 2021-22. Almost every segment including deposits, Purchase of immovable…