Before looking for funds that are eligible for Repatriation, let’s look into what Repatriation is? Repatriation signifies the ability of funds to be transferred freely across countries by changing to foreign currencies. All the NRI’s need to open NRO and NRE accounts for their financial management. In these accounts, NRO accounts are means for funds...
The Government of India permits you to remit funds up to USD 1 million per financial year overseas. But let’s look at how exactly you repatriate? What are the documents needed? Can you do it from abroad? Let’s together hover more into this topic and get a clear picture of how to repatriate funds from...
Studying abroad is an opportunity and responsibility. Going abroad will be a chance to gain a quality education and become responsible because you will be staying alone for the first time in your life. While you get this much-awaited freedom, you will also need to be able to cook your meals, do all the grocery shopping...
FOUR REASONS YOU SHOULD STOP USING OLD-STYLE FINANCIAL SERVICES TO SEND MONEY ABROAD. If you have spent significant time working abroad or have tried supporting your family overseas, you know that the process of sending money abroad can be very stressful. It costs both time and money-often too much of both. There is a...
NRE vs NRO account for NRIs? What’s the difference and how to choose? An NRI (Non-Resident Indian) with incomes both overseas and in India faces difficulties handling their finances. They also find it challenging to keep track of different bank accounts in other countries. Money management also becomes difficult even when they try to...
FOREX CARD / DEBIT CARD / CASH: WHICH ONE SHOULD YOU CHOOSE FOR YOUR NEXT TRIP ABROAD? Should I use my credit card or debit card? Forex card or cash? It is a question that hovers around before you leave for your next trip abroad. It’s always better to do a little homework on how...
