Under the Liberalized Remittance Scheme, resident individuals are allowed to limit upto USD 250,000 per financial year towards purposes defined by the RBI. This includes maintenance of close relatives (‘relative’ as defined in section 6 of the Companies Act, 2013) abroad.
For digital remittances, there is a per transaction limit of USD 25,000 that is applicable only for digital transactions and not for transactions that the customer may wish to carry out through branch.
If he/she wishes to remit an amount higher than USD 25,000, then he/she can approach his/her branch or RM with the relevant documentation and carry out the transaction.