Never ending searches for the simple ways to pay fees to a foreign university? Well, it’s time to end your hunt and pay your fees effortlessly! There are an ‘n’ number of fee payment options are available in today’s foreign exchange market. However, among many , there are a few of the money transfer methods which are comparatively easier and safer to remit money than the others. In this blog you are gonna know this in depth. So, are you ready???
Easier modes of fee payments abroad
The most common, mostly preferred, safe and easier method to pay fees to a foreign university is nothing but a Foreign Currency Demand Draft or FCDD and Wire Transfer/ Telegraphic Transfer or otherwise known as TT.
Now lets know more about these two in detail…
Foreign Currency Demand Draft (FCDD)
- It is one of the most reliable and simple ways to pay fees to a foreign university from India.
- It is available in all the highly demanded currencies
- Its validity lasts up to 3 months
- Primarily used for Education, Employment purposes, Immigration, Visa fees, etc.
- Payments can be done via Foreign Currency Demand Draft in foreign banks and can get it cleared easily
Wire Transfer/ Telegraphic Transfer (TT)
- Wire transfer from India is also another simple mode to pay fees to a foreign university from India.
- It is a highly suggested and safer method of international money remittance
- This is an electric method to transfer money to overseas countries from India as per Reserve Bank of India guidelines
- It has a definite speed and safety in outward fund transfers
- It is totally a hassle free method and highly protected method of money transfer
- Almost valued for every personal transaction under this method
- You can pay tuition fees abroad from India directly using this mode of payment
Thus, if you want to pay your fees abroad in the most simplest way, then you can confidently choose anyone from this and pay fees to a foreign university from India like a pro. So, now get ready and send money easily and safely like never before.
