The Liberalised Remittance Scheme (LRS) is part of the Foreign Exchange Management Act (FEMA) 1999 which lays down the guidelines for outward remittance from India. Under LRS, all resident individuals, including minors, are allowed to freely remit up to USD250,000 per financial year (April – March). This can be for any permissible current or capital account transaction, or a combination of both.
For further information, you can refer to our LRS FAQs.
The LRS includes a comprehensive list of reasons for which you can remit funds. Some of these are listed below:
If you're an HSBC customer and resident of India, you can conveniently place a request for an LRS transfer through:
HSBC Premier customers can reach out to their Relationship Manager for any assistance.
Download the HSBC Liberalized Remittance Scheme (LRS) application here.