Remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS)

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..... nce Scheme (LRS) Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 11 dated February 16, 2021 , on Remittances to International Financial Services Centres (IFSCs) in India under the Liberalised Remittance Scheme (LRS) and Master Direction No. 7/2015-16 on Liberalised Remittance Scheme (LRS) as amended from time to time. 2. On a .....

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..... changes. 4. AD Category - I banks should bring the contents of this circular to the notice of their constituents and customers. 5. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/approvals, if any, required under any other law. Yours faithful .....

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