Pay tuition fees abroad from India? Enrolling in a foreign college or university to pursue your higher education is a remarkable milestone. You must have dedicated quite some time to clearing the exam to get into a college or university. The payment process differs from college to college. To maintain the authenticity of the phase,...
Have you lately inherited property in India and are looking for ways to transfer the inherited money to the USA? If it includes two different countries, taxation can be a complicated issue. Hence, it is necessary to know the tax laws of both countries to transfer the inherited money to the U.S. from India. Tax...
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...
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. ...
