The Reserve Bank of India (RBI) on September 06, 2024, updated the Master Direction - Liberalised Remittance Scheme (LRS).
This Master Direction consolidates the existing instructions on the "Liberalised Remittance Scheme" in one place. Reporting instructions can be found in Master Direction on Reporting (Master Direction No. 18 dated January 1, 2016)
Since this Master Direction has been significantly amended, it has been replaced rather than showing the changes in track mode for reader convenience. In any case, the changes are listed at the end of Master Direction.
The Master Direction issued herewith shall be amended suitably simultaneously.
[Notification No. RBI/FED/2017-18/3 FED Master Direction No. 7/2015-16]
