Before 2004, remitting funds to overseas countries for emergencies was a challenging and time-consuming process. Prior approval from the Reserve Bank of India was mandatory for executing remittance transactions those days. After realizing the importance of remittances across countries, RBI introduced Liberalized Remittance Scheme on February 4, 2004. Through this article, you can understand more...
Are there any things to Know When Carrying Money From India Abroad? Of course, there are some things to Know When Carrying Money From India Abroad. More than 20 million people have travelled from India to abroad this year. A good portion of this number constitutes business travellers. And suppose you are a person who...
Traveling overseas with a Forex Card has many benefits, such as convenience and cost-effectiveness. A Forex Card allows you to store foreign currency in a card and utilize it at ATMs and swiping machines outside. Also, the exchange rates you get for foreign currency in a forex card are near to live exchange rates and...
How to transfer funds from my NRO account to my NRE account with the same bank? Going through our previous blog gives you a broad understanding of an NRO and NRE account, the differences between the two, and how to choose between the two depending upon your requirements. This article throws light on how to...
For every individual, an urgency may occur to transfer money abroad at some point in their life for some purpose. Through swift transfer, one can remit money to overseas countries quickly. These outward remittances should be done on a secure banking network, limiting the chances of fraud and financial loss to the sender and recipient. ...
Canada welcomes highly qualified individuals and offers permanent residency (PR) if found incredible in skills and efficiency. The Canadian government has begun an Express Entry program that permits aspiring immigrants to apply for work opportunities and permanent residency. But, to get through Express entry, individuals must fit into the set parameters to be eligible to...
