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…
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…
