How many remittances can one make in a year?

There is no restriction on the number of remittances one can make in a year. However, the total amount of foreign exchange remitted through, all sources in India under LRS during the FY should be within LRS limit of $2,50,000.

Related Articles
Are remittances only in US dollar?
Remittances can be made in any freely convertible foreign currency.
In how many days, do the baskets orders reach the brokerage account?
If an order is placed during US non-market hours, the order will get executed once the market opens on the next working day. If an order is placed during US market hours, the order will get executed immediately or depending on market liquidity.
Is the authorised bank required to check permissibility of remittances based on nature of transaction or allow the same based on remitters declaration?
The authorised dealer is guided by the nature of transaction as declared by the resident remitter in Form A2 and will thereafter certify that the remittance is in conformity with the instructions issued by the RBI in this regard from time to time. ...
Are there any taxes or deductions at the time of remittance?
According to Budget 2020, under LRS, a 5% Tax Collection at Source (TCS) is applicable on remittances aggregating to ₹7 lakh or more in a financial year. The TCS also applies on LRS transactions exceeding ₹7 lakh if a foreign exchange facility is ...
What are the forex charges applied?
Charges vary from bank-to-bank. Fintso does not levy any additional charges for remittances.

How many remittances can one make in a year?

How many remittances can one make in a year?

Related Articles

Are remittances only in US dollar?

In how many days, do the baskets orders reach the brokerage account?

Is the authorised bank required to check permissibility of remittances based on nature of transaction or allow the same based on remitters declaration?

Are there any taxes or deductions at the time of remittance?

What are the forex charges applied?