Transfer money from India to UK

RESTRICTIONS ON SENDING MONEY FROM INDIA

Currently, it is prohibited to transfer rupees out of India as enforced by the Reserve Bank of India unless certain criteria are met. This applies to all funds related to foreign direct investment, portfolios or any other type of capital gains. See in our guide.

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Restrictions on sending money from India

Currently, it is prohibited to transfer rupees out of India as enforced by the Reserve Bank of India. This applies to all funds related to foreign direct investment, portfolios or any other type of capital gains. However, income and profits acquired in such areas can be wired using an authorized money transfer service or via an Indian bank. Based on the Liberalised Remittance Scheme which came into effect on June 1, 2015, Indian residents who have been living in India for at least 180 days during the financial year are permitted to remit a maximum of US$ 250,000 each year out of India. This limit also applies to minors. However, resident minors must have the LR Scheme form signed by a natural guardian.

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How to Transfer Money from India to UK

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