A major share of Indian population is living outside the country. Most of them usually keep a non-resident external (NRE) or a non-resident ordinary (NRO) accounts in India. Here, a comprehensive elucidation of such accounts and NRE repatriation is explained in detail. Scroll down to read more… NRE Repatriation Funds in NRE accounts are most…
Many Indians are migrating to the USA for doing higher studies or for acquiring a certain profession. The United States of America (USA) is another country that lures many for no lesser reason. The USA houses some of the largest bunch of international students in the world. Indian students mainly want to study in the…
In this modern era, most of us are familiar with international money transfer and may come across several occasions that demand the money transfer to different geographical locations. Read further to be edified with more information about each and every step involved in the process of international money transfer. Let’s start with the basic information…
When a person tends to make domestic money transfer in India, he or she might come across three terms- NEFT, IMPS and RTGS. Well, what are these acronyms? What is their role in domestic money transfer? These three are the online money transfer services provided by Indian banks, each has different types of settlements, timings,…
Planning to transfer money abroad? If yes, how are you gonna decide the best day for currency transfer? Baffled?! Finding the right day for remitting money abroad is always a life saver as it will let u transfer the funds without much cost. A prior research about the apt day for currency transfer will always…
If you are employed overseas or a frequent money remitter abroad, you need to be conscious of certain facts regarding the foreign exchange rates in order to get the most out of your overseas money remittance. It is necessary to have a basic understanding of foreign exchange rates and how the market determines it. If…
