RBI eases LRS rules and expands remittance access in FY25
From July 3, 2024, authorised dealers, including AD Category-II entities, were allowed to process all LRS remittances—irrespective of value—upon submission of Form A2, either online or in physical format, according to RBI Annual Report FY25.
From July 3, 2024, authorised dealers, including AD Category-II entities, were allowed to process all LRS remittances—irrespective of value—upon submission of Form A2, either online or in physical format, according to RBI Annual Report FY25.
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