Indian residents can remit up to $250,000 per fiscal year under the Liberalised Remittance Scheme (LRS), with no limit on the frequency of remittances. Remitters must comply with regulations, including paying a 20% tax collection at source (TCS) on the LRS. Gifts to NRI close relatives of Indian residents can be transferred in a lump sum from a savings account to an overseas account, but must also fall within the LRS limit. Funds cannot be remitted from a private trust as LRS is not available to trusts.