Who can avail LRS?

Who can avail LRS?

The LRS allows all resident individuals, including minors to freely remit. In case of minors, the LRS declaration form must be countersigned by the minor’s natural guardian. LRS is not available to corporates, partnership firms, HUF and Trusts.
However, LRS for investment purpose on Fintso is restricted to individuals only as our broker in US does not allow minors to open broker account.

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