{"id":16327,"date":"2021-09-07T06:12:17","date_gmt":"2021-09-07T06:12:17","guid":{"rendered":"https:\/\/www.unimoni.in\/blog\/?p=16327"},"modified":"2021-09-16T09:52:47","modified_gmt":"2021-09-16T09:52:47","slug":"how-do-i-make-a-payment-to-my-foreign-university","status":"publish","type":"post","link":"https:\/\/www.unimoni.in\/blog\/how-do-i-make-a-payment-to-my-foreign-university\/","title":{"rendered":"Confused about making payments to your abroad university?"},"content":{"rendered":"<style><\/style><p><span style=\"font-weight: 400;\">If you are an abroad student, you might get worried about your pending payments as making <a href=\"https:\/\/www.unimoni.in\/blog\/3-remittance-rules\/\">payments to your foreign university<\/a> seems different and new. Here are all the things you need to know about making payments to your respective foreign universities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are the steps and instructions to make your payments easy and secure.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Even though there are many money transfer agents to transfer funds to your abroad universities, only dealers like AD I banks, AD II and FFMC license holders are permitted to send money abroad under the apex financial institute of India \u2013 RBI.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The total amount of foreign remittance paid through any sources from India should not exceed more than USD 2,50,000\/- throughout the financial year.con<\/span><\/li>\n<\/ul>\n<p><b>If you are a student from India, here is how you can transfer your pending university fees.<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Approach any one of the authorized financial institutions mentioned above to make your overseas university fee.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Look up the current exchange rates before processing your transaction.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Provide the required KYC information\u2019s to the service provider. After the verification, you can transfer your funds to the agent\u2019s account.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The fund transfer will only initiate after the required amount is credited from the account.\u00a0<\/span><\/li>\n<\/ul>\n<p><b>Different modes of payment.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Even though there are several modes of payment, the most commonly used two payment modes are given below.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>FOREIGN CURRENCY DEMAND DRAFT (FCDD)<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>WIRE TRANSFER \/ TELEGRAPHIC TRANSFER (TT)<\/b><\/li>\n<\/ul>\n<p><b>These are the documents required to make the overseas payment.<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Remitter PAN card<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">University offer letter<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Duly signed A2 form<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Student passport<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are an abroad student, you might get worried about your pending payments as making payments to your foreign university seems different and new. Here are all the things you need to know about making payments to your respective foreign universities. Here are the steps and instructions to make your payments easy and secure.\u00a0&#8230;<\/p>\n","protected":false},"author":3,"featured_media":16330,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[41,47,44,55],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Confused about making payments to your abroad university? - Unimoni<\/title>\n<meta name=\"description\" content=\"Foreign university fee payments are now easier than ever. 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