{"what_this_is":"The machine-readable twin of the BankPulse page for one RBI rulebook. Same points, same dates, same paragraph references as the page a person reads. RBI's own wording is not reproduced here: each point names the RBI paragraph, the character offset into the text BankPulse read and the sha256 of that text, so the claim can be checked against RBI's own document.","schema_version":1,"release_id":"d653cdb0a5","generated_at":"2026-09-15T00:33:59.117975+00:00","id":"md10192","title":"Master Direction - Liberalised Remittance Scheme (LRS) (Updated as on September 06, 2024)","document_kind":"Master Direction","page":"https://bankpulse.ai/rule/md10192","status":"In force","importance":{"code":"MR","label":"MUST READ","weight":"Must read","why":"Foreign money rules and returns, for banks that handle foreign money","layer":"bankpulse_inference"},"applies_to":{"shown":"Banks that handle foreign money","class_code":"AD","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md10192","mode":"four_dates_v1","published":{"label":"Published","value":"Jan 04, 2016","stated":true,"why":"The day RBI put this document out."},"effective":{"label":"Starts to apply","value":"","stated":false,"why":"Not stated separately in this document. Read the rule itself before you assume a start date."},"transition":{"label":"Time to get ready","value":"","stated":false,"why":"Cannot be worked out until the day it starts to apply is known."},"deadline":{"label":"Last date to act","value":"","stated":false,"why":"No date to act by was found in this document. Other dates may sit inside single paragraphs."},"sources":{"published":"doc_date in data/highlights/md10192.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=10192","document_date":"Jan 04, 2016","read_by_bankpulse":"2026-08-21 16:27:58 UTC","text_sha256":"93197899510f2c022129643c24cae56e6a587cef6c1093617e2367159b4c197d","word_count":4363,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":42,"points_naming_an_rbi_paragraph":42,"points_stored":42,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md10192-afd98ca2","page_group":"Must know","stored_section":"WHO IT APPLIES TO","heading":"Who cannot use it","plain_english":"A company, a partnership firm, a Hindu undivided family and a trust are outside the scheme.","rbi_paragraph":"Para 2","rbi_char_offset":4770,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10192#p1","layer":"bankpulse"},{"n":2,"claim":"md10192-af01c1df","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"No pooling for capital items","plain_english":"Clubbing is barred for capital items unless the family members are co-owners.","rbi_paragraph":"Para 4","rbi_char_offset":5566,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10192#p2","layer":"bankpulse"},{"n":3,"claim":"md10192-3e5336cb","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"Margin calls barred","plain_english":"Money may not be sent for margins or margin calls to an overseas exchange.","rbi_paragraph":"Para 5","rbi_char_offset":6140,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10192#p3","layer":"bankpulse"},{"n":4,"claim":"md10192-af64ca9c","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"No buying an immigration seat","plain_english":"Money above that may not be used to earn immigration points through overseas investment.","rbi_paragraph":"Para 7","rbi_char_offset":8798,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10192#p4","layer":"bankpulse"},{"n":5,"claim":"md10192-0c6c134e","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"No home deals through IFSC","plain_english":"An account in such a centre may not be used to settle deals with other residents.","rbi_paragraph":"Para 11","rbi_char_offset":12552,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10192#p5","layer":"bankpulse"},{"n":6,"claim":"md10192-2d87db11","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"Prohibited purposes barred","plain_english":"The scheme does not cover any purpose the current account rules prohibit outright.","rbi_paragraph":"Para 13","rbi_char_offset":12826,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account","foreign-exchange"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10192#p6","layer":"bankpulse"},{"n":7,"claim":"md10192-a17435ed","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"High-risk countries barred","plain_english":"Capital account money may not go to countries the Financial Action Task Force names.","rbi_paragraph":"Para 14","rbi_char_offset":13110,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10192#p7","layer":"bankpulse"},{"n":8,"claim":"md10192-acb66c40","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"Terror-linked persons barred","plain_english":"Money may not reach persons or entities RBI has named as a terrorism risk.","rbi_paragraph":"Para 14","rbi_char_offset":13381,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10192#p8","layer":"bankpulse"},{"n":9,"claim":"md10192-433fdbf4","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"Loan must be interest free","plain_english":"A loan to a non-resident relative must carry no interest and run at least one year.","rbi_paragraph":"Para 18(77)","rbi_char_offset":15228,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A resident lends money to a relative living abroad. 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