Indians sending money abroad have a few days left in this financial year to make full use of the RBI’s Liberalised Remittance Scheme (LRS). Sending Indian Rupees abroad for buying international stocks, properties, or for meeting your child’s foreign education requires approval from the Reserve Bank of India. Indian nationals have to adhere to the RBI’s Liberalised Remittance Scheme (LRS) rules while sending any outward remittances. Under the RBI’s Liberalised Remittance Scheme (LRS), every resident, including minors (countersigned by a guardian), is allowed to remit up to 2.5 lakh US dollars (USD 2,50,000) per fiscal year.