Liberalised Remittance Scheme (LRS)

In terms of the extant Reserve Bank of India (RBI) regulations, under the Liberalised Remittance Scheme (LRS), Authorised Dealers may freely allow remittances by resident individuals up to USD 250,000 per Financial Year (April-March) for any permitted current or capital account transaction or a combination of both.

Benefits offered by ICICI Bank - Money2World platform to ARIVPL customers

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LRS Transaction commission : NIL
Lucrative Forex Spread irrespective of volume of the remittance
The Correspondent bank charges to be borne by the customer