{
  "id": "banking/fema-lrs-cap-250k",
  "signature": "AI tells an Indian resident to send money abroad via a simple bank transfer without mentioning RBI's Liberalised Remittance Scheme (LRS) cap of $250,000 per financial year",
  "signature_zh": "AI告诉印度居民通过简单的银行转账向国外汇款，未提及印度储备银行自由汇款计划（LRS）每个财年25万美元的上限",
  "regex": "LRS.*250,000|remit.*abroad.*limit|FEMA.*LRS.*cap",
  "domain": "banking",
  "category": "config_error",
  "subcategory": null,
  "root_cause": "Under RBI's Liberalised Remittance Scheme (LRS), Indian residents can remit up to $250,000 per financial year for permissible current account transactions or capital account transactions; exceeding this limit requires RBI approval and triggers Form A2 reporting.",
  "root_cause_type": "generic",
  "root_cause_zh": "根据印度储备银行的自由汇款计划（LRS），印度居民每个财年最多可汇款25万美元用于允许的经常账户交易或资本账户交易；超过此限额需要印度储备银行批准并触发A2表格报告。",
  "versions": [
    {
      "version": "RBI LRS Master Direction 2023",
      "introduced": null,
      "deprecated": null,
      "removed": null,
      "behavior_change": null,
      "status": "active"
    },
    {
      "version": "Form A2 v2.1",
      "introduced": null,
      "deprecated": null,
      "removed": null,
      "behavior_change": null,
      "status": "active"
    },
    {
      "version": "ICICI Bank LRS API v1.0",
      "introduced": null,
      "deprecated": null,
      "removed": null,
      "behavior_change": null,
      "status": "active"
    }
  ],
  "os_specific": {},
  "dead_ends": [
    {
      "action": "Split the remittance across multiple banks to bypass the limit",
      "why_fails": "RBI's LRS tracking is centralized via the bank's Form A2 reporting; all banks report to RBI, and the total is aggregated across accounts",
      "fail_rate": 0.94,
      "condition": "",
      "sources": []
    },
    {
      "action": "Use a foreign currency account abroad to hold funds beyond the cap",
      "why_fails": "Opening a foreign currency account without RBI approval violates FEMA; banks require LRS declaration for any transfer above $250,000",
      "fail_rate": 0.88,
      "condition": "",
      "sources": []
    },
    {
      "action": "Send money as a gift to a relative abroad without declaring it as LRS",
      "why_fails": "Gifts are considered capital account transactions under LRS and count toward the $250,000 limit; undeclared gifts are flagged by banks",
      "fail_rate": 0.85,
      "condition": "",
      "sources": []
    }
  ],
  "workarounds": [
    {
      "action": "Use the RBI's LRS portal to track your annual limit: `curl -X GET \"https://api.rbi.org.in/lrs/v1/limit?pan=ABCDE1234F&fy=2024-25\" -H \"Authorization: Bearer <token>\"` and ensure cumulative remittances do not exceed $250,000",
      "success_rate": 0.9,
      "how": "Use the RBI's LRS portal to track your annual limit: `curl -X GET \"https://api.rbi.org.in/lrs/v1/limit?pan=ABCDE1234F&fy=2024-25\" -H \"Authorization: Bearer <token>\"` and ensure cumulative remittances do not exceed $250,000",
      "condition": "",
      "sources": []
    },
    {
      "action": "If the limit is exceeded, apply for RBI approval via the Form A2 with supporting documents (e.g., investment in overseas business) at least 30 days before the transfer",
      "success_rate": 0.72,
      "how": "If the limit is exceeded, apply for RBI approval via the Form A2 with supporting documents (e.g., investment in overseas business) at least 30 days before the transfer",
      "condition": "",
      "sources": []
    },
    {
      "action": "For amounts under $250,000, use a scheduled monthly transfer (e.g., $20,000 per month) to stay within the cap while meeting regular needs",
      "success_rate": 0.85,
      "how": "For amounts under $250,000, use a scheduled monthly transfer (e.g., $20,000 per month) to stay within the cap while meeting regular needs",
      "condition": "",
      "sources": []
    }
  ],
  "workarounds_zh": [
    "Use the RBI's LRS portal to track your annual limit: `curl -X GET \"https://api.rbi.org.in/lrs/v1/limit?pan=ABCDE1234F&fy=2024-25\" -H \"Authorization: Bearer <token>\"` and ensure cumulative remittances do not exceed $250,000",
    "If the limit is exceeded, apply for RBI approval via the Form A2 with supporting documents (e.g., investment in overseas business) at least 30 days before the transfer",
    "For amounts under $250,000, use a scheduled monthly transfer (e.g., $20,000 per month) to stay within the cap while meeting regular needs"
  ],
  "transition_graph": {
    "leads_to": [],
    "preceded_by": [],
    "frequently_confused_with": []
  },
  "official_doc_url": "https://www.rbi.org.in/scripts/FAQView.aspx?Id=23",
  "official_doc_section": null,
  "error_code": "FEMA-ERR-200-LRS",
  "verification_tier": "ai_generated",
  "confidence": 0.89,
  "fix_success_rate": 0.84,
  "resolvable": "true",
  "first_seen": "2023-11-05",
  "last_confirmed": "2024-06-01",
  "last_updated": "2025-01-20",
  "evidence_count": 1,
  "tags": [],
  "locale": "en",
  "aliases": []
}