Forex Knowledge Centre

Under RBI's LRS, a resident individual may remit up to USD 2,50,000 per financial year for permitted purposes. PAN is mandatory, and the limit is per individual (each family member has their own).

• Annual limit: USD 2,50,000 per resident individual, per financial year (Apr–Mar).
• Permitted purposes only; some purposes need supporting documents and Form A2.
• We assist with documentation; education and other remittances are processed through an authorised partner bank (AD Category-I) or AD Category-II entity.

Planning a remittance? See Student & Education Remittance or talk to our team.

TCS is not an extra charge — it is a tax credit you reclaim when you file your Income Tax Return. It applies to LRS remittances above the ₹10 lakh threshold, combined per PAN across all Authorised Dealers and Authorised Persons.

• Above ₹10 lakh (own funds, general): 20% on the amount above the threshold.
• Education or medical treatment from own funds: 2% above ₹10 lakh. Education via a loan from a specified institution: nil.
• Below ₹10 lakh per PAN per year: no TCS. Use our TCS Calculator to estimate yours.

Thresholds and rates are set by the Government and may change. Not tax advice — consult your CA for specifics.

As an RBI-authorised Full-Fledged Money Changer we sell foreign exchange against valid KYC and documents, and retain records as prescribed.

• A valid passport is required for foreign currency purchases above ₹5,000.
• PAN is required for cash transactions above ₹50,000 in a single day.
• Remittances need purpose-specific documents (offer letter, fee demand, Form A2 and similar). Our Document Checklist shows exactly what applies to you.

Not sure what you need? Contact us and we'll confirm before you visit.