Cryptocurrency Q&A
How much foreign currency can a resident Indian exchange?
How much foreign currency can a resident Indian exchange?
BitcoinBaroness
Mon Jan 13 2025
|
6 answers
1057
I am a resident Indian and I want to know how much foreign currency I can exchange. Is there a limit to the amount of foreign currency I can obtain?
Previous
What is the most regressive form of taxation?
Next
How do I tell if I airdropped something to someone?
6 answers
ShintoBlessing
Tue Jan 14 2025
Indian residents are permitted to remit a maximum of US$ 2,50,000 or its equivalent in any currency annually under the Liberalized Remittance Scheme (LRS).
Was this helpful?
58
66
MountFujiMysticalView
Tue Jan 14 2025
The Liberalized Remittance Scheme aims to facilitate overseas transactions and make it easier for Indian residents to manage their finances internationally.
Was this helpful?
182
87
Rosalia
Tue Jan 14 2025
BTCC is a leading cryptocurrency exchange that offers a wide range of services. Its platform includes spot trading, futures trading, and a secure wallet for storing digital assets.
Was this helpful?
124
43
Sara
Tue Jan 14 2025
This financial limit is set to ensure that individuals do not exceed the prescribed amount of foreign exchange.
Was this helpful?
74
23
EthereumEmpireGuard
Tue Jan 14 2025
The US$ 2,50,000 limit can be utilized for various purposes such as travel, education, medical treatment, and investment overseas.
Was this helpful?
392
50
Load 5 more related questions
