Are you an Indian trying to plan a trip abroad in the coming vacations? Or are you looking to study abroad to further studies? Do you want to travel out of India for business purpose? If the answer to all these questions is yes, then it’s time you learn all about foreign currency exchange that guarantee seamless financial transaction during your stay out of the country.

Presently, under the Liberalised Remittance Scheme (LRS), any Indian resident, including minors, are permitted to remit up to USD 2,50,000 i.e. INR 2.5 lakh US Dollars in a financial year, at an exchange range of INR 74.52 (at the time of writing the blog) or INR 1,86,29625. If you’re a minor, your guardians can sign LRS declaration form on your behalf. This is not binding on corporates, partnership firms, HUF and other organizations.

If you’re travelling abroad from India for the purpose of employment, you can draw up to USD 2,50,000 from any authorized travel agency. Or you can talk to our travel agent in Coimbatore or use our currency exchange services to draw foreign exchange based on your needs. It is the same likewise if you attend an international conference, special training or apprentice for any number of visits a year. If you’re a student studying abroad or travelling to study overseas, you will be able to transfer a maximum money of up to USD 2,50,000 from India without any estimate from the overseas university.

If your purpose of travelling abroad is healthcare or medical treatment, you will be able to get foreign currency exchange of up to USD 2,50,000 without any estimate from a hospital or doctor either in India or overseas. The maximum amount that you can gift or donate to an individual or organization abroad per financial year is USD 2,50,000.