What are Standard Settlement Instructions (SSI)? Standard Settlement Instructions (SSI) are predefined, standardized templates that provide the necessary details for the settlement of financial transactions. They include information about the beneficiary, the beneficiary’s bank, the receiving institution, and other relevant parties involved in the transaction. Essentially, SSIs act as a blueprint for executing a financial

Transfer Money Abroad: Know the Options Before we proceed to understand options for sending money abroad, it is important to note that overseas money transfers come under the administration of the Reserve Bank of India (RBI) via the Liberalised Remittance Scheme (LRS). This scheme is applicable to all Indian residents and permits them to send

What are Methods for Outward Remittance from India to the USA First, let’s discuss the methods for outward remittance from India to the USA. Here, we have mentioned the most common methods for transfer money from India to the USA.    Documents Required for Transfer Money From India to the USA Transferring money from India

What is a Remittance Fee? When you send money abroad, the banks or money transfer services (through which you are doing the transaction), charge a remittance fee. The following points merit consideration in relation to understanding international remittance fees: Understanding remittance fees is crucial for individuals and businesses to ensure they get the best value

How Much Money Can You Carry from India to Study Abroad? The Reserve Bank of India (RBI) has issued specific guidelines related to carrying cash when going abroad. For the students, relevant limits include: It is advisable for students to always check the guidelines of the country they are travelling to for studies, as different

Best Way to Send Money from India to Philippines When we talk about the options available for money transfer, we can not forget the role of Hiwipay. They can assist you in send money from India to Philippines. They not only assist you better but also provide you with the best available and latest currency

Different Ways to Pay International School Costs from India to Abroad There are multiple methods to pay tuition fees from India to abroad. These methods include: 1. Forex Cards: Forex cards or Foreign Exchange cards are one of the most common methods to Pay International School Costs from India to Abroad. These are prepaid cards