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Outward remittances under the Reserve Bank of India’s (RBI’s) liberalised remittance scheme (LRS) were flat at $6.92 billion during the April-June quarter of FY26 (Q1 FY26) as the fall in overseas education was cushioned by growth in other investments.
The international travel segment also remained broadly flat.
According to the latest RBI data, the amount remitted under LRS was up 0.5 per cent Y-o-Y from $6.88 billion recorded in Q1 FY25.
The LRS scheme was introduced in 2004 permitting all resident individuals to remit up to $250,000 per financial year for any permissible current or capital account transaction or a combination of both free of charge.
In the starting phase, the scheme was introduced with a limit of $25,000 and this was gradually revised.
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The outflows for international travel – which is the largest segment – were up nearly 2 per cent Y-o-Y to $3.9 billion.
The outflows for overseas education were down 24.15 per cent in the quarter to $452.1 million compared to $596.08 million.
On the other hand, remittances under deposits rose by 15.9 per cent Y-o-Y to $190.92 million.
Purchase of immovable property was up 95.02 per cent to $124.13 million and investment in equity or debt increased by 62 per cent to $514.5 million.
Remittances under the ‘Gift’ category were down by nearly 12 per cent Y-o-Y to $714.7 million.
Remittances for maintenance of close relatives were flat at $983.5 million. Funds for medical treatment were down 28.9 per cent to $17.39 million.
In June 2025, the overall remittances were marginally down by 2.5 per cent to $2.12 billion. This came amid decline in remittances across categories except for deposits, purchase of immovable property and investment in equity or debt.
Outward Remittances under the Liberalised Remittance Scheme (LRS) for Resident Individuals
In ($) million Source: RBI
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