Currency prices appear to be hitting all-time highs and lows more frequently than ever. Exchange rates fluctuate continuously, causing problems for travelers and foreign enterprises worldwide. But why are currencies so variable? The explanation is rather sensible: supply and demand. The quantity of a commodity, product, or service available and the desire of buyers for...
Money transfer The electronic transfer of money initiated by one person to another is a money transfer. The old-school means of physically moving money from one person’s bank account to another’s through cheques, cash deposits at banks, and other techniques have been virtually removed thanks to services like UPI and online banking. One of the...
The flexibility of the forex card is that you can only load money from your Indian account, and that money cannot be moved or transferred to another foreign account. As a result, there is a tight procedure to transfer your Forex card balance to your bank account. What steps do we need to follow to...
Some of the most common and well-known forms of financial aid are scholarships, but still, you can apply for other types of financial support. Let’s see which are they and how you can benefit from these scholarships. 1. MERIT-BASED SCHOLARSHIPS The merit-based scholarships are awarded based on several criteria, including achievements, academics, talents, hobbies, affiliations with...
Are you thinking of moving to Canada to study? If yes, you will need a study permit before pursuing your education as an International Student in Canada. But what is a study permit? Canadian government issues a document to foreign nationals, allowing them to study at Designed Learning Institutions. Here’s a step-by-step guide you will...
Liberalized Remittance Scheme (LRS) is an option where all resident individuals (as defined under FEMA 1999), which includes minors, are allowed to freely remit up to USD 2,50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both. ● Under the LRS, currently, the upper limit...
