LRS, overseas transfer

Ask NRI

Hey guys - looking to transfer some funds from India overseas. I understand LRS limits at $250K/year for resident Indians.

While I was looking up NRO account deposits I’m seeing some conflicting info so asking this group for clarity. Can my parent deposit $1M USD into NRO Acct as a gift and then I can repatriate ? Or is this gift amount also subject to LRS limits of .25M usd?

Posted Sep 13, 2025, 10:58 PM UTC

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