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Business • Jun 15, 2025

RBI plans stricter regulations on overseas remittances

The Reserve Bank of India (RBI) is planning stricter rules for Indians who send money overseas under the Liberalized Remittance Scheme (LRS). The main goal is to stop people from simply parking their cash in foreign bank deposits or locked accounts, instead of using it for real investments or expenses.

TL;DR

Why this matters

This matters because the LRS was meant to help Indians invest, study, or support family abroad—not just stash money away. With remittances hitting around $30 billion this year, the RBI wants to make sure funds are used for genuine reasons like stocks, mutual funds, or property. If you're thinking about sending money overseas for legit purposes, these changes shouldn't affect you.