$2,50000- New Limit under Foreign Remittance Scheme of RBI

Q.  What is the new Eligibility limit for Foreign Exchange Remittances under Liberalized Remittance Scheme announced by the RBI on 3rd Feb’15?
- Published on 23 Feb 15

a. $2,00,000
b. $1,25,000
c. $3,00,000
d. $2,50,000

ANSWER: $2,50,000
Earlier the limit was $1,25,000 per year per person. Now it has increased to $2,50,000.

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