{
  "id": "banking/india-foreign-remittance-fema-limits",
  "signature": "AI tells an Indian resident to send money abroad via a simple bank transfer without mentioning RBI's Liberalised Remittance Scheme (LRS) limit of $250,000 per financial year and mandatory documentation",
  "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）每财年25万美元的限制和强制性文件要求",
  "regex": "remittance.*without.*LRS|FEMA.*limit.*250000|foreign.*transfer.*India.*restriction",
  "domain": "banking",
  "category": "regulatory_compliance",
  "subcategory": null,
  "root_cause": "Under RBI's FEMA (Foreign Exchange Management Act), all resident Indian individuals must comply with the LRS scheme, which caps outward remittances at $250,000 per financial year and requires Form A2 and PAN card submission for any transfer above ₹50,000.",
  "root_cause_type": "generic",
  "root_cause_zh": "根据印度储备银行的外汇管理法（FEMA），所有印度居民个人必须遵守LRS计划，该计划规定每财年对外汇款上限为25万美元，且任何超过50,000卢比的转账都需要提交A2表格和PAN卡。",
  "versions": [
    {
      "version": "FEMA 1999 (amended 2023)",
      "introduced": null,
      "deprecated": null,
      "removed": null,
      "behavior_change": null,
      "status": "active"
    },
    {
      "version": "RBI Master Direction on LRS 2022",
      "introduced": null,
      "deprecated": null,
      "removed": null,
      "behavior_change": null,
      "status": "active"
    },
    {
      "version": "Form A2 v3.0",
      "introduced": null,
      "deprecated": null,
      "removed": null,
      "behavior_change": null,
      "status": "active"
    }
  ],
  "os_specific": {},
  "dead_ends": [
    {
      "action": "Telling the user to split the remittance into multiple smaller transfers below ₹50,000 to avoid documentation",
      "why_fails": "RBI aggregate rules track total remittances per financial year across all banks; splitting doesn't bypass the limit and may trigger AML alerts.",
      "fail_rate": 0.85,
      "condition": "",
      "sources": []
    },
    {
      "action": "Advising the user to use a non-bank money transfer service like Wise or PayPal",
      "why_fails": "These services are also regulated under FEMA and require the same LRS compliance for resident Indians; they may block transfers exceeding the limit.",
      "fail_rate": 0.75,
      "condition": "",
      "sources": []
    },
    {
      "action": "Suggesting the user send money through a friend's account",
      "why_fails": "This violates FEMA anti-money laundering rules and can lead to account freezing and legal penalties for both parties.",
      "fail_rate": 0.95,
      "condition": "",
      "sources": []
    }
  ],
  "workarounds": [
    {
      "action": "Ensure the user submits Form A2 (available from the bank or online banking portal) and PAN card copy for any remittance above ₹50,000; verify the cumulative amount for the financial year stays under $250,000.",
      "success_rate": 0.9,
      "how": "Ensure the user submits Form A2 (available from the bank or online banking portal) and PAN card copy for any remittance above ₹50,000; verify the cumulative amount for the financial year stays under $250,000.",
      "condition": "",
      "sources": []
    },
    {
      "action": "If the user needs to send more than $250,000, advise them to obtain prior approval from RBI under FEMA for higher remittances, which requires a detailed application explaining the purpose (e.g., education, medical treatment).",
      "success_rate": 0.7,
      "how": "If the user needs to send more than $250,000, advise them to obtain prior approval from RBI under FEMA for higher remittances, which requires a detailed application explaining the purpose (e.g., education, medical treatment).",
      "condition": "",
      "sources": []
    },
    {
      "action": "Use a foreign currency account (e.g., RFC or EEFC account) if the user has foreign income, which may be exempt from LRS limits under certain conditions.",
      "success_rate": 0.8,
      "how": "Use a foreign currency account (e.g., RFC or EEFC account) if the user has foreign income, which may be exempt from LRS limits under certain conditions.",
      "condition": "",
      "sources": []
    }
  ],
  "workarounds_zh": [
    "确保用户提交A2表格（可从银行或网上银行获取）和PAN卡复印件，用于任何超过50,000卢比的汇款；验证本财年累计金额保持在25万美元以下。",
    "如果用户需要汇款超过25万美元，建议他们根据FEMA事先获得印度储备银行批准，这需要详细说明目的（例如教育、医疗）的申请。",
    "如果用户有外国收入，使用外币账户（例如RFC或EEFC账户），在某些条件下可能免于LRS限制。"
  ],
  "transition_graph": {
    "leads_to": [],
    "preceded_by": [],
    "frequently_confused_with": []
  },
  "official_doc_url": "https://www.rbi.org.in/Scripts/FAQView.aspx?Id=135",
  "official_doc_section": null,
  "error_code": "RBI-LRS-001",
  "verification_tier": "ai_generated",
  "confidence": 0.88,
  "fix_success_rate": 0.82,
  "resolvable": "true",
  "first_seen": "2023-11-20",
  "last_confirmed": "2024-06-01",
  "last_updated": "2024-06-01",
  "evidence_count": 1,
  "tags": [],
  "locale": "en",
  "aliases": []
}