LRS Declaration

How do I complete my LRS Declaration?

The Liberalised Remittance Scheme (LRS) is a scheme introduced by the Reserve Bank of India (RBI) that allows Indian residents to freely remit money abroad. To complete the LRS Declaration, there are certain steps that need to be followed. However, before you start exploring the same, you need to know that things are not moving in the right direction with the groups like Vested in the market. Now, we will check the steps as under, have a look at these:  Continue reading…