Maximum Amount Of Money That Can Be Sent Abroad Under the Liberalised Remittance Scheme (LRS), an individual is allowed to send up to USD 2,50,000 (INR 20,420,774) abroad per fiscal year. This spending limit can be utilized for a single purchase or a series of purchases.
To successfully execute FOREX transactions in accordance with RBI's foreign exchange transaction guidelines, you must comply with RBI rules and provide the necessary Know Your Customer (KYC) documents. It is essential to send money for purposes approved by the RBI.