Outward Remittances under LRS reaches USD 2,396 million in May, up by 3.6% YoY: RBI

Jul 23, 2026

Outward remittances under the Liberalised Remittance Scheme (LRS) for resident individuals grew 3.6 per cent year-on-year (YoY) to USD 2,396.42 million in May 2026....

International credit card spend exempted under RBI's remittance scheme within annual limit

May 18, 2023

The Centre on Tuesday brought international credit card spending outside India under the Liberalised Remittance Scheme (LRS) and issued an explainer on Wednesday to...

RBI directs SBM Bank (India) to immediately stop remittance transactions

Jan 23, 2023

The Reserve Bank of India has directed SBM Bank (India) Ltd to stop all transactions under Liberalised Remittance Scheme (LRS) with immediate effect.

Delhi HC grants relief to law researchers, orders enhanced remuneration from 2022

Oct 29, 2025

The Delhi High Court on Wednesday ordered that law researchers (LRs) engaged with the court be paid their enhanced remuneration of Rs 80,000 per...

Here's what experts say about changes made in LRS for credit cards

May 18, 2023

Tax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance...

Get IndusInd Bank Outward Remittance Services Now Through Bajaj Markets

May 29, 2023

Pune (Maharashtra) [India], May 29: Bajaj Markets, a subsidiary of Bajaj Finserv, in partnership with the IndusInd Bank, now offers access to the IndusInd...