Pay your international university fees using any of the different ways of money transfer from India! A large number of Indian students are now pursuing their higher studies from various spheres of the world. Hence, university fee payments to abroad countries are an unavoidable thing today. While you make an international money transfer for university fee payment, you have got numerous options for a safe fund transfer abroad. If you are not aware of that, then this blog is for you. Scroll down and know about the different modes of overseas university fee payments at ease.
Different modes of fee payments
There are many modes of international fee payments. However the main two among those are as below;
- Foreign Currency Demand Draft (FCDD)
- Wire Transfer/ Telegraphic Transfer (TT)
Now what are these methods? How do they work? Are you confused?
Don’t worry, here is the detailed description about these two modes of fee payments.
Foreign Currency Demand Draft (FCDD)
- It is the most reliable instrument to send money overseas for your various needs abroad.
- Available in all mostly demanded currencies
- Validity lasts up to 3 months
- Primarily used for Education, Employment purposes, Immigration, Visa fees, etc.
- Payments can be done via Foreign Currency Demand Draft in foreign banks and can get it cleared easily
Wire Transfer/ Telegraphic Transfer (TT)
- Wire transfer from India is one among the mostly preferred modes of international money transfer
- It is an electric method to transfer money to overseas countries from India as per Reserve Bank of India guidelines
- It has a definite speed and safety in outward fund transfers
- It is easy and highly protected method of money transfer
- Almost valued for every personal transaction under this method
- You can pay tuition fees abroad from India directly using this method
The above mentioned methods of fund transfer are the mostly recommended and preferred ways to pay your international university fees from India. If you have any emergency to pay your college fees, then choose any one among these to have safe and secure fee payments from India.
