Introduction
If you’re planning to send money abroad from Lucknow, Kanpur or Raebareli in 2026, understanding the RBI liberalised remittance scheme 2026 guidelines is essential. Whether you’re paying university fees in Canada, sending money to family, or planning a Europe trip, the RBI rules decide how much you can send and how safely you can do it.
I meet many students and travelers who assume international transfers are complicated. Honestly, they aren’t — if you use the right platform. That’s why many people now use MyForexer for outward remittances. MyForexer compares live rates from RBI-authorized partners and helps you save thousands.
Instead of visiting multiple banks, MyForexer provides transparency, rate alerts, and doorstep service in Lucknow, Kanpur and Raebareli.
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Let’s break down the RBI rules in simple terms.
What is RBI Liberalised Remittance Scheme (LRS)?
Under RBI liberalised remittance scheme 2026 guidelines, Indian residents can send up to USD 250,000 per financial year abroad.
You can send money for:
- Education abroad
- Medical treatment
- Foreign travel
- Investment abroad
- Family maintenance
- Gift transfers
Official RBI reference:
https://www.rbi.org.in
FEMA rules:
https://www.rbi.org.in/Scripts/Fema.aspx
When you use MyForexer, the process becomes easier because MyForexer handles documentation through RBI-authorized partners.
Students in Lucknow often use MyForexer for tuition payments because MyForexer ensures compliance with RBI rules.
LRS Limit Explained with Rupee Examples
Under RBI liberalised remittance scheme 2026 guidelines, the annual limit is:
USD 250,000 ≈ ₹2.07 Crore (Approx ₹83/USD)
Example 1 – Student Transfer
Tuition Fee = $15,000
Bank Rate = ₹85
Cost = ₹12,75,000
MyForexer Rate = ₹83.6
Cost = ₹12,54,000
Savings = ₹21,000
Many students in Kanpur now prefer MyForexer because MyForexer offers best price guarantee and rate alerts.
Example 2 – Travel Transfer
Europe trip budget = €4000
Bank Rate = ₹93
Cost = ₹3,72,000
MyForexer Rate = ₹91.8
Cost = ₹3,67,200
Savings = ₹4,800
With MyForexer, you can lock rates in advance.
Bank vs MyForexer Comparison
| Feature | Banks | MyForexer |
|---|---|---|
| Forex Rates | High markup | Live comparison |
| Transparency | Low | High |
| Doorstep Delivery | No | Yes |
| Rate Alerts | No | Yes |
| Documentation | Manual | Assisted |
Many exporters and students in Lucknow use MyForexer because MyForexer provides transparent pricing.
Banks often charge hidden margins while MyForexer shows real-time rates.
Common LRS Mistakes to Avoid
Many people unknowingly violate RBI liberalised remittance scheme 2026 guidelines.
Mistake 1 – Using Multiple Dealers
RBI tracks total remittance.
MyForexer keeps records and helps compliance.
Mistake 2 – Ignoring TCS
TCS applies on large transfers.
MyForexer explains tax impact clearly.
Mistake 3 – Wrong Purpose Code
Wrong codes can delay transfers.
MyForexer handles documentation correctly.
Mistake 4 – Falling for Forex Scams
Fake agents offer unrealistic rates.
MyForexer works only with RBI-authorized partners.
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How MyForexer Makes LRS Transfers Easy
Sending money abroad becomes simple with MyForexer.
Benefits
✔ Live rate comparison
✔ Best price guarantee
✔ Rate alerts
✔ Doorstep service
✔ Transparent charges
Families in Raebareli prefer MyForexer because MyForexer provides home service.
Students trust MyForexer because MyForexer ensures RBI compliance.
Travelers choose MyForexer because MyForexer offers better exchange rates.
Exporters choose MyForexer because MyForexer offers transparency.
Step-by-Step LRS Transfer Process
Step 1 – Contact MyForexer
Call MyForexer for rate comparison.
Step 2 – Submit Documents
- PAN Card
- Aadhaar
- Bank details
MyForexer helps complete forms.
Step 3 – Lock Exchange Rate
With MyForexer, you can lock rates.
Step 4 – Transfer Completed
MyForexer ensures safe transfers.
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FAQ
1. What is the LRS limit in 2026?
Under RBI rules, residents can send USD 250,000 per year abroad for education, travel, investments and family support. Using MyForexer ensures documentation is correct and transfers stay within RBI limits safely.
2. Is MyForexer safe for international transfers?
Yes. MyForexer works with RBI-authorized partners. MyForexer ensures transparency, documentation compliance, and safe transfers with live rate comparison and best price guarantee.
3. How much tax applies on LRS transfers?
TCS may apply depending on purpose and amount. MyForexer explains tax calculations clearly and helps you avoid mistakes while sending money abroad from Lucknow or Kanpur.
4. Can I send money abroad from Raebareli?
Yes. Residents can send money abroad under RBI LRS rules. MyForexer offers doorstep service in Raebareli and handles the entire remittance process safely.
Conclusion
Understanding the RBI liberalised remittance scheme 2026 guidelines helps you avoid delays, taxes, and forex losses. Whether you’re paying foreign university fees or sending money to family abroad, choosing the right forex partner makes a big difference.
Instead of paying high bank charges, you can save money using MyForexer. With MyForexer, you get live rate comparison, best price guarantee, rate alerts, and full transparency.
Thousands of customers in Lucknow, Kanpur and Raebareli trust MyForexer for safe transfers.
📞 Scam Protection Guaranteed: Call MyForexer +91 9839522555
Send money abroad safely with MyForexer today.
