Receiving an acceptance letter from an overseas university is a thrilling experience, but preparing a packing list for your move can be daunting. Choose wisely and focus on practical items. If you’re an international student starting a program at a foreign university, you’ll need to prepare for your journey. Follow our study abroad checklist to…
What is a Forex Student Card? A Forex Student Card simplifies foreign currency exchange and expenses on overseas trips. A Forex Card is an alternative to having cash or using credit/debit cards while travelling abroad. You can transfer money into this Card using your local currency, and it will be automatically converted into foreign…
Unimoni India is a licensed NBFC and AD II category holder authorized by RBI to provide various financial services such as international remittance, domestic money transfer, foreign exchange, payment solutions, and more. With a network of over 300 branches and 15000+ agents in India, Unimoni caters to the needs of individuals and businesses and offers…
Synopsis Introduction of TDS on income from online gaming (Section 194BA) Non-residents earning income from mutual funds in India can provide a Tax Residency Certificate to avail of the benefit of TDS (Section 196A) The TDS rate is reduced to 20% from the maximum marginal rate on PF withdrawal for employees who do not have…
Synopsis The Liberalised Remittance Scheme (LRS) allows all resident individuals (as defined under FEMA 1999), including minors, to remit up to USD 250,000 per financial year (April–March) for any permitted current or capital account transaction, or a combination of both. Under the Finance Act 2020, Tax Collected at Source (TCS) was introduced on foreign exchange…
If you need to transfer funds electronically for overseas wire transactions, you can use a telegraphic transfer (TT). This method is often referred to as Clearing House Automated Payment System (CHAPS) transfers in the UK banking system. It is also known as telex transfer. Usually, it will take two to four business days to complete…
