What are limits of Current Account Transactions by an Individual under liberalized remittance scheme ?

The limit of Current Account Transaction under the Liberalized Remittance Scheme (LRS) is USD 2,50,000 per Financial Year (FY). It may be noted that one release of foreign exchange in excess of USD 2,50,000 requires prior permission from the Reserve Bank of India. The permitted areas are: Private Visits: For private visits abroad, other than visit to Nepal and Bhutan, a resident individual can obtain foreign exchange up to an aggregate amount of USD 2,50,000 from an authorized dealer in any one financial year, irrespective of the number of visits undertaken during the year. Gift/Donation: Any individual may remit up-to USD 2,50,000 in one Financial Year as a gift to a person residing outside India or as a donation to an organization outside India. Going Abroad on Employment: A person going abroad for employment can draw foreign exchange up to USD 2,50,000 in one Financial Year from an authorized dealer in India. Emigration: A person wanting to emigrate can draw foreign exchange from AD Category I bank AD category II up to the amount prescribed by the country of emigration or USD 2,50,000. Maintenance of Close Relatives Abroad: A resident individual can remit up-to USD 2,50,000 in one Financial Year towards maintenance of close relatives. Business Trip: Visits by individuals in connection with attending an international conference, seminar, specialized apprentice training, etc., are treated as business visits. For business trips to foreign Countries individuals can avail of foreign exchange up to USD 2,50,000 in one Financial Year irrespective of the visits undertaken during the year. Medical Treatment Abroad: Authorised Dealers may release foreign exchange up to an amount of USD 2,50,000 in one Financial Year or its equivalent per financial year without insisting on any estimate from a hospital/doctor. Foreign Studies: AD Category I banks and AD Category II, may release foreign exchange up to USD 2,50,000 or its equivalent to resident individuals for studies abroad without insisting on any estimate from the foreign University.