As an Indian going to study abroad, opening an overseas bank account is one of the first steps to settling into your new life abroad. But what’s the difference between a regular bank account and an overseas bank account? Do you need to open both? How do you go about doing this? This article will...
Sending money abroad from India, especially to someone who doesn’t have an overseas bank account, can be extremely difficult if you don’t know how to do it. There are only limited options available to send money abroad using alternative means and services to work with your specific situation. This article will outline three easy ways...
In the 19th century, Indians started to migrate to the USA. Tremendous opportunities arose in the mid 20th century, which led to the large-scale migration from India to the US. Indian migrants constitute 6 % of the US population, and the Indian community is the second-largest foreign-born population after Mexico. The total population of Asian...
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...
