Category: Transfer Money Abroad

Key Highlights Introduction Studying abroad can help international students reach great things. It is important to have a good plan for money. You need to cover tuition, tuition fees, living expenses, and some other costs. After that, you will have to choose the best way to send money to your child’s bank account in another […]

Key Highlights Let’s move forward to introduce these recent changes in more detail. Introduction In 2025, the way to get a student visa will become difficult in the United States as the policies changed in many ways. These changes mainly affect Indian international students. If you want to study in the US, you will find […]

Key Highlights Introduction In 2025, studying abroad isn’t just about prestige — it’s about clarity, cost, career outcomes, and visa certainty. With rising tuition fees and tightening visa policies in countries like the USA, UK, Canada, and Australia, Indian students are exploring smarter, safer, and more affordable destinations. And with the latest US visa policy […]

Key Highlights Introduction Transferring funds across countries involves converting Indian rupees into foreign currency and sending them through reliable channels. Whether paying tuition fees, accommodation costs, or other overseas expenses, having a clear understanding of the transfer methods available ensures efficient transactions. The Liberalised Remittance Scheme (LRS) by the Reserve Bank of India provides students […]

Key Highlights Introduction Tax Collected at Source (TCS) is important for sending money abroad, especially with the Reserve Bank of India’s (RBI) Liberalised Remittance Scheme. According to income tax laws, if you send more than ₹10 lakh in a financial year, it falls under TCS rules. that can impact your taxable income. These rules change […]

When it comes to international money transfers, tax compliance can feel overwhelming. Whether you’re sending money abroad for education, travel, investment, or medical treatment, understanding India’s tax laws on outward remittance is crucial. One such regulation is Section 206C(1G) of the Income-tax Act, 1961, which introduces Tax Collected at Source (TCS) on foreign remittances under […]

RBI Guidelines for Foreign Inward Remittance If any amount is transferred from any foreign country and is received in India, it is called an ‘Inward Remittance’. It defines the flow of money in the transaction. RBI has issued certain guidelines related to inward remittance which can be explained as follows: Also Read : Education Loan […]

Inward Remittance Meaning To put it in very simple terms, whenever someone transfers money from a foreign country to someone staying in India, it is called inward remittance for the person receiving it.  Inward remittances can be for multiple purposes including personal and business.  Inward remittances come under the ambit of the Reserve Bank of […]

What is Inward Remittance? Remittance typically means money transfer from one party to another. In reference to this blog, remittance means a transfer of an amount of money across international borders. If an amount is transferred from India to any other country, it is termed as an ‘outward remittance’. On the other hand, if any […]

What are the Requirements for Opening an Indian Bank Account? Opening a bank account in India involves meeting specific requirements and providing certain documentation. The requirements can vary slightly between banks, but the core documentation needed is typically consistent.  Below is the list of some standard requirements that you need to complete your KYC (Know […]