Yes. Vested follows the RBI’s Liberalized Remittance Scheme (LRS) guidelines. Instituted by the RBI, the LRS is a set of policies that governs the maximum amount and purposes of remittance.
Under the LRS, an Indian resident can send up to $250,000 abroad annually without seeking approval from the RBI. The LRS has made it easier for Indian residents to study abroad, travel, and make investments in other countries.
Learn more about it here or refer to RBI’s website for the most up-to-date regulations. Please see Article 6(iii) for specific LRS regulations regarding investments in equity.
