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…
TIPS FOR UTILIZING LEFTOVER FOREIGN CURRENCY WHEN RETURNING FROM YOUR ABROAD TRIP After returning from abroad, there is every possibility that you have some leftover foreign currency notes and funds in your forex card. Back in the foreign land, you have the options to either convert it there or play the waiting game if…
HOW TO OPEN A US BANK ACCOUNT: A GUIDE FOR NEW ARRIVALS IN 2021 To make your transition better and quickly adapt to a new environment, opening a U.S. bank account as soon as you arrive there will be of great help. It can help you pay bills, send and receive money transfers, deposit…
The Canada GIC procedure is a mandatory requirement for all overseas students who wish to pursue studies in Canada under the Student Direct Stream programs suggested by the Canadian government. Still, many pupils are confused about the exact Canada GIC program. This writeup throws light on the Canada GIC program of the three most prominent…
The Reserve Bank of India governs the Liberalized Remittance Scheme in India to monitor foreign exchange transactions in India. Specific guidelines are laid out to carry out each foreign exchange transaction that adheres to RBI regulations and laws. Here are some of the popular outward remittance types from India to abroad and the documents required….
