# Schedule III — Aggregate Limit of USD 2,50,000 for a PRI
## The Rule
Under Schedule III of the Liberalised Remittance Scheme (LRS) / FEM (CAT) framework, a Person Resident in India (PRI) can undertake certain capital and current account transactions abroad subject to an aggregate limit of USD 2,50,000 per financial year.
## How the Limit is Computed (Aggregation)
The USD 2,50,000 limit is the aggregate of:
- Schedule III Current Account Transactions (e.g., private visit, gift, donation, employment abroad, emigration, education, medical treatment, maintenance of relatives abroad, business travel etc.), PLUS
- Schedule I of CAT transactions undertaken by the PRI (LRS-permitted capital account remittances).
Thus the same USD 2,50,000 ceiling covers both the Schedule III current account transactions AND the LRS capital account transactions taken together in a financial year.
## Important Restriction on Use of Remittance
No part of the USD 2,50,000 remittance shall be used for remittance to countries identified by the FATF (Financial Action Task Force) as Non-Co-operative Countries or Territories (NCCTs).
- Purpose: To prevent flows to jurisdictions that do not comply with anti-money-laundering / counter-terrorist-financing standards.
## Quick Summary
| Particulars | Treatment |
|---|---|
| Annual aggregate ceiling | USD 2,50,000 per FY per PRI |
| Items aggregated | Schedule III (Current A/c) + Schedule I (LRS Capital A/c) |
| Prohibited destinations | Countries identified by FATF as Non-Co-operative |
## Reference Note
For the detailed list of permissible transactions under Schedule I and Schedule II, refer to the textbook (these are exhaustive lists notified by the RBI).