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On 26th April 2023, the Reserve Bank of India (RBI) was notified regarding the remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS).
The attention of Authorised Dealer Category-I (AD CategoryI) banks is invited to A.P. (DIR Series) Circular No. 11 dated February 16, 2021, on “Remittances to International Financial Services Centres (IFSCs) in India under the Liberalised Remittance Scheme (LRS)” and Master DirectionNo. 7/2015-16 on Liberalised Remittance Scheme (LRS) as amended from time to time.
RBI Notified Regarding the Remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS)
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