NRI does not have any advantage over Resident Indian except money brought-in in foreign currency and invested through PIS route can be taken abroad post payment of applicable taxes along with interest, dividend and capital gains. The Liberalized Remittance Scheme (LRS) is a facility provided by the RBI for all resident individuals including minors to freely remit up to a certain amount in terms of US Dollar for current and capital account purposes or a combination of both. The present limit under LRS is Rs 2,50,000 USD per financial year per person .
