GIFT City & Global Investing · beginner

GIFT City Foundation

What GIFT City's International Financial Services Centre is, who regulates it, what a resident can access there, how money reaches it under the Liberalised Remittance Scheme, and how the income is taxed in India.

4 lessonsFact-checked 8 October 2026
  1. 01What is GIFT City (IFSC)?GIFT City hosts India's International Financial Services Centre (IFSC). This lesson explains who regulates it, why business there is done in foreign currency, and why a resident's money reaches it as an overseas remittance under RBI's Liberalised Remittance Scheme.
  2. 02What Is Available in GIFT IFSC — Funds, Bank Accounts and InsuranceInstitutions in the GIFT IFSC offer three kinds of product that a resident may come across: fund schemes, foreign-currency bank accounts and foreign-currency life insurance. This lesson explains what each is, what they have in common, and what it leaves uncovered.
  3. 03Tax and the LRS Route — What Applies to a Resident InvestorThis lesson separates the tax holiday of a unit set up in the GIFT IFSC from the tax position of a resident who invests through it, and sets out the remittance limit and the tax collected at source on money sent there.
  4. 04Using GIFT IFSC as a Resident — Remittance, Accounts and the 180-Day RuleHow a resident individual uses the GIFT IFSC in practice: the remittance under RBI's Liberalised Remittance Scheme, the foreign-currency account at an IFSC banking unit, its two 180-day rules, and the absence of DICGC cover.

Free learning from the Trustner Group. Trustner Academy is an education initiative of the Trustner Group, whose companies work across insurance broking and investment services, with offices in Bangalore, Guwahati, Kolkata, Hyderabad and Mumbai. Everything here is for learning only — it is not advice, a recommendation or an offer of any product. Scenarios are illustrative. Rules and figures change; check the current regulation, scheme document or policy wording before acting on anything.