Introduction
Sending money abroad from India is regulated by the Reserve Bank of India (RBI) under the Liberalised Remittance Scheme (LRS). This guide is prepared using RBI guidelines and practical compliance experience from handling international remittances at WPF Forex.
Key RBI LRS Rules
- Annual Limit: USD 250,000 per individual per financial year
- Permitted Purposes: Education, medical treatment, travel, investments, and maintenance of relatives
- Required Documents: PAN card, Form A2, and purpose declaration
- Prohibited Uses: Lottery, margin trading, and restricted investments
(Source: RBI Liberalised Remittance Scheme – applicable guidelines)
Common Errors to Avoid
- Exceeding annual remittance limits
- Submitting incomplete or incorrect documents
- Using non-authorized or unregulated channels
How WPF Forex Supports You
WPF Forex ensures 100% RBI-compliant remittance processing, document verification, and timely execution for education fees, medical remittances, and family maintenance.
Conclusion
Understanding and following RBI rules ensures smooth overseas remittances. With WPF Forex, customers benefit from compliance, transparency, and professional support.
Last Updated: December 2025
Disclaimer: RBI regulations may change. Always verify with an RBI-authorized dealer.
