# HiWiPay


## Posts

- [How to Calculate CIF Value in Exports: Expert Guide for Indian Exporters](https://hiwi.thanepolyclinic.com/how-to-calculate-cif-value-in-exports-expert-guide-for-indian-exporters/): Key Highlights What is CIF (Cost Insurance, and Freight)? CIF (Cost, Insurance, and Freight) is an international shipping term that defines individual pays or bear for transportation and insurance cost against export. Under CIF delivery terms, the seller pays for the cost of goods, international freight, and cargo insurance until the goods reach the buyer’s port of destination.  Initially established by the International Chamber of Commerce, this term belongs to the 11 standardized international commerce terms (Incoterms) created in 1936 to govern shipping policies and responsibilities between buyers and sellers globally. 👉 CIF in shipping meaning: A trade term where […]
- [Ready for Global Trade? Create Your Virtual Bank Account Today With HiWiPay](https://hiwi.thanepolyclinic.com/blog/ready-for-global-trade-create-your-virtual-bank-account-today-with-hiwipay/): Key Highlights Introduction- What Is Virtual Bank Account? A virtual bank account is changing the way Indian exporters manage their money from around the world. It lets them get paid in different currencies, like USD, GBP, and EUR. With this bank account, they get faster transactions, better cash flow, and lower costs. This means exporters do not need to worry so much about the changes in exchange rates. These accounts are easier to use than regular ones and help make global business smoother and more efficient. What Is the Meaning of a Virtual Account Number? A virtual account number is […]
- [LC vs BG vs TT: Choosing the Right Payment Method for International Trade](https://hiwi.thanepolyclinic.com/blog/lc-vs-bg-vs-tt-choosing-the-right-payment-method-for-international-trade/): Key Highlights Next, let’s delve into an introduction to these two financial instruments. Introduction In international trade, businesses often use important financial tools to make sure their deals are safe. Two common tools are letters of credit and bank guarantees especially designed for EXIM payment, iIt is important for businesses to know the difference between them.. They also make trade deals and contractual obligations easier to manage. By looking at what each tool offers, businesses can choose the right one to keep more profit & save time. So lets understand how this financial tools works for business Understanding Letters of […]
- [Global Trade Without Borders: How Virtual Accounts Help Businesses Scale](https://hiwi.thanepolyclinic.com/blog/global-trade-without-borders-how-virtual-accounts-help-businesses-scale/): Key Highlights Now, let’s dive into what makes virtual bank accounts a revolutionary tool for financial management. Introduction Managing international payments is slow, costly, and complex. But what if a single virtual account could simplify it all? In today’s world, where things are becoming more digital, virtual bank accounts are now a popular choice instead of traditional bank accounts. These accounts are not something you can touch, but they still give you the account details you need to get payments, track money going in and out, and sort out your balances without any fuss. The use of virtual accounts makes […]
- [How to Plan Your First Forex Transfer for College Without the Hidden Costs?](https://hiwi.thanepolyclinic.com/blog/how-to-plan-your-first-forex-transfer-for-college-without-the-hidden-costs/): 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 country. Many top schools, like Ivy League colleges, have high rules. They want you to pay on time and in the right currency. There are many ways to send money. You need to pick the right one, so every payment goes in smoothly. This helps […]
- [How RBI’s Cross-Border CBDC Pilot Could Boost India’s Export Power](https://hiwi.thanepolyclinic.com/blog/how-rbis-cross-border-cbdc-pilot-could-boost-indias-export-power/): Key Highlights Introduction The world of global trade changes fast, and many people in India face trouble with slow cross-border payments. These delays and extra costs make things hard for exporters. Now, central banks around the world are starting to use Central Bank Digital Currencies (CBDCs). This new way can help solve problems with sending money between countries. CBDCs can speed up international payments, lower the costs, and make everything safer. They do not need old, slow methods that used to be common in payment systems. With the new cbdc tests happening, the financial world may change a lot soon. […]
- [Export Payment Delays: Solutions for Smooth Transactions](https://hiwi.thanepolyclinic.com/blog/export-payment-delays-solutions-for-smooth-transactions/): Key Highlights Introduction In the world of international trade, getting paid on time is just as important as securing the order. For Indian exporters, payment delays can disrupt operations, strain relationships, and create serious cash flow issues. The causes vary — from incorrect documentation and inefficient banking to misaligned payment terms or foreign exchange delays. This blog explores the reasons behind such delays and offers actionable solutions, including smart use of SWIFT and DP payment terms, compliance best practices, and modern cross-border payment tools like HiWiPay. Why Do Export Payment Delays Happen? international payments & can harm the cash flow […]
- [New US Student Visa Rules 2025: Here’s the Indian Student Guide](https://hiwi.thanepolyclinic.com/blog/new-us-student-visa-rules-2025-heres-the-indian-student-guide/): 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 many great chances waiting for you. You can be part of some of the best academic institutions and new research. But these new student visa rules mean students from India now have to meet some new rules and fill out different forms. There may also […]
- [Looking Beyond the USA? Best Study Abroad Destinations for 2025 For Indian Students](https://hiwi.thanepolyclinic.com/blog/looking-beyond-the-usa-best-study-abroad-destinations-for-2025-for-indian-students/): 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 changes, families are asking: Spoiler: Yes — and it’s not always in the West. How USA and Other Big Four Countries Are Losing Favor? Political Tensions Are Disrupting Education In the United States, the rift between Donald Trump and elite universities like Harvard has deepened […]
- [Discover 2025 Japanese Scholarships Available for Indian Students](https://hiwi.thanepolyclinic.com/blog/discover-2025-japanese-scholarships-available-for-indian-students/): Key Highlights Transitioning now, let’s examine this incredible opportunity in greater detail, starting with its introduction. About the japanese scholarships for indian students Launched by Mitsui & Co., this scholarship is dedicated to Indian students aspiring to study in Japan. The initiative fosters deeper economic and cultural ties between the two nations and builds future-ready talent equipped with global exposure. What You’ll Study What’s Mitsui & Co scholarship program Scholarship Covered Key Benefits and Support Offered to Scholarship Recipients Going for the Mitsui & Co. Scholarship gives big advantages to people who want to do well in Japan’s schools and […]
- [Transferring Funds Abroad: Guidance for Indian Students in 2025](https://hiwi.thanepolyclinic.com/blog/transferring-funds-abroad-guidance-for-indian-students-in-2025/): 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 the ability to send up to USD 250,000 annually for education and related expenditures, navigating international payment systems effortlessly. Selecting an optimal method is essential, considering factors like exchange rates, transfer speed, and associated fees. Platforms like wire transfers, forex cards, or money transfer providers […]
- [Avoid Penalties: Your Guide to IEC Code Renewal 2025](https://hiwi.thanepolyclinic.com/blog/avoid-penalties-your-guide-to-iec-code-renewal-2025/): Key Highlights Introduction Navigating international trade without an updated Import Export Code (IEC) can be a costly oversight for Indian exporters. Issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce, Government of India, the IEC is essential for seamless trade operations. As international trade regulations evolve, annual renewal ensures compliance and unlocks benefits like export incentives. Missing the deadline can result in penalties and disruptions. In this guide, we simplify the 2025 renewal process to help your business stay on track. Key Reasons for Annual IEC Renewal: Have You Considered Them? Annual IEC renewal ensures […]
- [EBRC for Exporters in 2025: A Guide to Compliance, GST Refunds & Incentives](https://hiwi.thanepolyclinic.com/blog/ebrc-for-exporters-in-2025-a-guide-to-compliance-gst-refunds-incentives/): Key Highlights Transitioning smoothly, let’s dive into the basics of e-BRC and its importance in export transactions. Introduction The Electronic Bank Realisation Certificate (e-BRC) serves as proof of export payment receipt, issued digitally by banks. It marks a significant step in modernising export documentation, replacing cumbersome paperwork. The Directorate General of Foreign Trade (DGFT) introduced e-BRC to streamline processes and verify export transactions digitally. Accessible via the dgft website, this tool enhances compliance with trade guidelines and ensures hassle-free incentive claims, such as GST refunds. For every exporter in foreign trade, the e-BRC is indispensable. This leads us to explore […]
- [Sarathi Scholarship 2025–26: Financial Aid for Maratha Students Studying Abroad](https://hiwi.thanepolyclinic.com/blog/sarathi-scholarship-2025-26-financial-aid-for-maratha-students-studying-abroad/): Key Highlights Key Purpose of the Sarathi Program The purpose of the Sarathi Scholarship lies in empowering  students from economically weaker sections in Maharashtra, facilitating equitable access to quality education. This initiative envisions fostering human development by targeting students with diverse backgrounds, ensuring they receive adequate financial support.  Sarathi Scholarship Benefits for Maratha Students Who Can Apply scholarship for studying abroad? You’re eligible if you: 📚 Have an unconditional offer letter from a top 200 QS-ranked foreign university What Courses Are Covered In Scholarship? Seat Distribution by Discipline (Total 75 Scholarships) Field of Study Number of Scholarships Ph.D. (All Subjects) […]
- [How Will TCS on Outward Remittance Affect Students & Parents in 2025?](https://hiwi.thanepolyclinic.com/blog/how-will-tcs-on-outward-remittance-affect-students-parents-in-2025/): 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 depending on what you’re sending money for. Parents who are handling international education costs in 2025 should know these rules. This understanding can help them avoid unexpected tax liabilities and plan their finances better. In 2025, Indian residents can send up to ₹10 lakh abroad […]
- [Section 206C(1G): TCS on Outward Remittance Under LRS](https://hiwi.thanepolyclinic.com/blog/section-206-1g-tcs-outward-remittance-lrs/): 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 the Liberalized Remittance Scheme (LRS). This blog simplifies the complexities of TCS, its rates, applicability, and how it impacts you when transferring money abroad. At HiWiPay, we aim to make outward remittance seamless, compliant, and secure—ensuring your funds reach their international destination without regulatory hiccups. […]
- [Foreign Inward Remittance Certificate: A Complete Guide](https://hiwi.thanepolyclinic.com/blog/foreign-inward-remittance-certificate-a-complete-guide/): Key Highlights Complete Guide to Foreign Inward Remittance Certificate Introduction Understanding the foreign inward remittance certificate (FIRC) is important for anyone dealing with international payments or money transfers. This document helps with following the rules and making sure that the foreign currency coming in meets RBI guidelines. Whether you are a freelancer, a startup, or a business in India, knowing about FIRC can bring many benefits. These may include tax benefits and rewards for exports. By having the right remittance details and proper documentation, you can successfully get an FIRC to help you reach your financial goals. Understanding the Foreign […]
- [SSP Scholarship (2024): How to Apply, Last Dates & Status](https://hiwi.thanepolyclinic.com/blog/ssp-scholarship/): Eligibility Criteria for SSP Scholarship There’s a certain set of criteria for every category of state scholarship. The table below outlines the prime eligibility criteria: SSP Post Matric Scholarship Applicant must be a resident of Karnataka State He/she must be from the SC/ST and OBC category.  Family income should be less than INR 2,50,000 p.a. (INR 2,00,000 for the ST category and INR 1,00,000 for the OBC category)SC category students must have scored at least 50% in the last examination  Vidyasiri Scholarship Applicant must be a resident of Karnataka State He/she must be from SC/ST and OBC category.  Family income should be less than […]
- [Overview of RBI Guidelines for Outward Remittance](https://hiwi.thanepolyclinic.com/blog/rbi-guidelines-for-outward-remittance/): 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 Eligibility Criteria for Studying Abroad What are the Areas Requiring Outward Remittance? There can be multiple reasons for conducting outward remittances from India to abroad. Some of the areas requiring outward remittance are as follows:   What is the Difference Between Inward Remittance and Outward […]
- [MPower Finance Overseas Education Loan](https://hiwi.thanepolyclinic.com/blog/mpower-finance-overseas-education-loan/): What Does MPOWER offer International Students? MPower Finance is a financial institution based out of the U.S. It was established in the year 2014 to provide support to international students. Interestingly, it was founded by former international students. MPower Finance overseas education loan at fixed rates and does not typically require any co-signer or collateral which makes it more accessible for students.   Study Abroad Loan Without a Cosigner or Collateral MPower Finance provides education loans purely on the basis of your future potential. Unlike other financial institutions, MPower Finance does not include any so-signer or collateral in the eligibility criteria […]
- [Complete Guide: Inward Remittance Meaning, Benefit, and Procedure](https://hiwi.thanepolyclinic.com/blog/inward-remittance-meaning/): 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 India(RBI) and the Foreign Exchange Management Act (FEMA). Both the apex bodies have issued certain guidelines that need to be adhered to while incurring such inward remittance.   Inward Remittance RBI Guidelines It is important to be aware of certain guidelines for inward remittance that […]
- [What is the Inward Remittance Limit in India for Foreign Transactions?](https://hiwi.thanepolyclinic.com/blog/inward-remittance-limit-in-india/): 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 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. Inward remittances from abroad to India can be both personal and for business purposes. For instance, if one […]
- [Which Bank is Best for Education Loan for Abroad?](https://hiwi.thanepolyclinic.com/blog/education-loan-for-abroad/): How to Get a Student Loan in India to Study Abroad When it comes to education loan for abroad studies, there are many players on the lender’s side including public and private banks, NBFCs, and even international lenders. Choosing a lender among them can be a difficult task since the process involves rigorous comparison. It also involves an analysis of your requirements and aspects offered by the banks. It includes multiple factors like- which bank is charging the lowest interest rates, which banks provide the best repayment terms, etc.  Hence, it is crucial to first understand your requirements, and then […]
- [Prodigy Finance Abroad Education Loan Process](https://hiwi.thanepolyclinic.com/blog/prodigy-finance-abroad-education-loan-process/): Prodigy Finance Abroad Education Loan  Founded in 2007 by three post-graduation students, Prodigy Finance was founded and works on the philosophy that financing an education should not be a barrier for any student. They understand the pain of students who can not afford any collateral or manage any co-signer or guarantor to get a loan. Running on a fintech model, Prodigy Finance has changed the system of financing education.   Steps for Prodigy Finance Abroad Education Loan Process It is particularly easier to apply for an education loan with Prodigy Finance than any other banking institution. Follow these simple steps for […]
- [Understanding Demand Letter for Education Loan - Complete Guide](https://hiwi.thanepolyclinic.com/blog/demand-letter-for-education-loan/): What is a Demand Letter for Education Loan? A demand letter is a document that a borrower sends to an institution specifying certain components related to the education loan. These components include the interest rate at which the loan is provided, the total amount to be disbursed, the repayment schedule and terms, and other important information that is necessary to be documented. It ensures that all the parties are clear on each and every condition attached to the education loan disbursement and its repayment. The demand letter for education loans becomes even more essential in case of any future disputes […]
- [How to Get a CAS Letter for Studying in the UK? ](https://hiwi.thanepolyclinic.com/blog/cas-letter-for-studying-in-the-uk/): What is the CAS Letter for Studying in the UK? CAS letter full form is Confirmation of Acceptance. It is a formal document issued by the university you have applied to. A CAS letter is needed for visa applications and the immigration process. While applying for a visa, it acts as proof that the university has accepted your application and you’re eligible for a UK study visa. Universities usually take some time to issue the letter and it may hinder your visa application. Hence, it is advisable to always take care of the deadlines and cas letter processing time while […]
- [Direct or Indirect Liabilities in Education Loans - Complete Guide](https://hiwi.thanepolyclinic.com/blog/direct-or-indirect-liabilities-in-education-loans/): Understanding Education Loans in India Education loans in India play a pivotal role in financing the dreams of many students who wish to pursue higher education in international universities. While it depends on the lender, these education loans typically cover: Some lenders may also cover travel expenses and any costs for additional study materials. These loans are often given on a collateral basis and are termed secured loans. However, some lenders may also provide collateral-free or unsecured loans. However, they may require a co-signer or co-applicant to approve the education loan. Unsecured loans may incur higher interest rates as compared […]
- [A Complete Guide on RLLR:Full Form, Calculation, Related Terms](https://hiwi.thanepolyclinic.com/blog/full-form-of-rllr/): What is the Full Form of RLLR? RLLR full form is Repo Linked Lending Rate. Before diving into RLLR, let’s understand what the Repo rate is. It is the rate at which the RBI lends to commercial banks and it acts as a benchmark and a foundation for setting interest rates at which the commercial banks further lend loans to the customers. RLLR is linked with the repo rate and it changes every time there’s a variation in the repo rate. Currently, the repo rate is 6.50% and every bank decides its RLLR on the basis of this rate.  RBI […]
- [Education Loan Eligibility Criteria for Studying Abroad in 2024](https://hiwi.thanepolyclinic.com/blog/education-loan-eligibility/): Eligibility Criteria for Secured Overseas Education Loans For any secured loan, the applicant must provide an asset as collateral. This pledged asset can be used by the lender in case the borrower defaults the repayment.  The following points merit consideration while discussing education loan eligibility criteria: Age and Citizenship The applicant must be an Indian citizen aged 18 or above Credit Score Student’s parents should have a CIBIL score of more than 700 and must have a good credit history Agricultural Land As per RBI norms, if tax is paid to the Gram Panchayat or Nagar Panchayat for your agricultural […]
- [Education Loan for BBA Abroad 2024](https://hiwi.thanepolyclinic.com/blog/education-loan-for-bba-abroad/): Education Loan to Study BBA Abroad First things first, it is important to understand different loan parameters related to education loan for BBA abroad: Read More – IDFC FIRST Bank EMI Payment for Education Loans Types of Education Loan for BBA Abroad Understanding the different types of education loans is crucial to choosing the one that best suits your needs. The primary types of education loan for bba abroad available are: Secured Education Loans These loans require collateral, such as property, fixed deposits, or other assets.Secured loans generally offer lower interest rates and higher loan amounts.They are ideal for students […]
- [HDFC Credila Education Loan: Process, Steps, Documents Required](https://hiwi.thanepolyclinic.com/blog/hdfc-credila-education-loan-process/): HDFC Credila Education Loan Disbursement Process Below is a detailed breakdown of the steps involved in the HDFC Credila education loan disbursement process. Loan Application Submission You can apply either online or by visiting a branch. The application form requires personal, academic, and financial details. Along with the form, you’ll need to submit essential documents such as identity proof, academic records, and financial statements of the co-applicant. Ensure that all information is accurate and all required documents are provided to avoid delays.   Verification Process Once the application is submitted, HDFC Credila begins the verification process. During this step, the […]
- [What is the Days Past Due (DPD) in the CIBIL Report?](https://hiwi.thanepolyclinic.com/blog/days-past-due-in-cibil-report/): What is DPD? DPD stands for Days Past Due and indicates the number of days a payment is overdue on a credit account. It reflects your payment history in credit reports, with higher DPD numbers signaling delayed payments, which can negatively impact your credit score and borrowing eligibility. What is the Full Form of DPD? The full form of DPD is “Days Past Due.” DPD is a metric used in credit reports to indicate the number of days a payment is overdue. It shows how late you are in paying your credit card bills, loan EMIs, or other debts. DPD […]
- [ICICI Student Forex Card: Features, Benefits, Rates & Application Process](https://hiwi.thanepolyclinic.com/blog/icici-student-forex-card/): What is an ICICI Forex Card? The ICICI Student Forex Card is a prepaid and multi-currency travel card designed specifically for students traveling abroad for higher education.  Unlike traditional credit or debit cards, a Forex card allows users to load money in multiple foreign currencies, which can be used for making payments or withdrawing cash in the local currency of the country they are studying in  It is a convenient solution for managing day-to-day expenses such as food, transport, and academic supplies This card is especially advantageous for students as it eliminates the need to carry large amounts of cash, […]
- [All About IDFC FIRST Bank EMI Payment for Education Loans](https://hiwi.thanepolyclinic.com/blog/idfc-first-bank-emi-payment/): IDFC FIRST Bank EMI Payment for Education Loan IDFC FIRST Bank offers a range of education loans to help students finance their higher education for in India and abroad. For students wishing to study abroad, IDFC FIRST Bank offers loans with collateral and without collateral too. The following points highlight the benefits of getting an education loan from IDFC FIRST Bank: Read More – TCS on Outward Remittance Under LRS How to Make IDFC FIRST Bank EMI Payments for Education Loans? There are multiple methods to make IDFC FIRST Bank EMI payments for education loans including online mode, offline mode, […]
- [EMI Full Form – Equated Monthly Installments, Types and Calculation](https://hiwi.thanepolyclinic.com/blog/full-form-of-emi/): What is the Full Form of EMI? The full form of EMI is Equated Monthly Installments. It is a fixed monthly payment made by a borrower to a lender to repay a loan over a specified period. Each EMI includes both the principal amount and the interest on the loan, ensuring that the borrower gradually repays the entire loan over the tenure. It simplifies budgeting by offering predictable monthly payments, making it easier for borrowers to manage their finances while fulfilling their loan obligations. One interesting thing about EMI is that over time, the interest component decreases, and the principal […]
- [Education Loan for Engineering Students to Study In USA](https://hiwi.thanepolyclinic.com/blog/education-loan-for-engineering-students/): Types of Education Loan for Engineering Students On the basis of the requirement for collateral, there are typically two types of loans- secured and unsecured. Let’s understand them in detail: 1. Secured Education Loans Secured education loans require the borrower to provide collateral, which could be in the form of property, fixed deposits, or other valuable assets. These loans are often preferred by lenders because they reduce the risk associated with lending. Key features of secured loans are as under: Unsecured education loans do not require collateral. These loans are based on the borrower’s creditworthiness and the co-applicant’s (often a […]
- [5 Best Banking Partners For International Money Transfers](https://hiwi.thanepolyclinic.com/blog/banking-partners-for-international-money-transfers/): 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 Your Customer): Proof of Identity PassportVoter ID cardAadhaar cardPAN cardDriving licenseGovernment-issued identity cards (for government employees)Any other document with a photograph and identity proof approved by the bank Proof of Address PassportVoter ID cardAadhaar cardUtility bills (electricity, water, gas) not older than 3 monthsBank account […]
- [Understanding Standard Settlement Instructions (SSI) in Financial Transactions](https://hiwi.thanepolyclinic.com/blog/what-is-standard-settlement-instructions/): 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 transaction, ensuring that all parties are on the same page regarding where and how funds should be transferred. The primary purpose of SSIs is to facilitate the efficient and error-free transfer of funds and securities. By using SSIs, financial institutions can avoid the repetitive task […]
- [Top Five Ways to Send Money to Your Kid Studying Abroad](https://hiwi.thanepolyclinic.com/blog/send-money-to-your-kid-studying-abroad/): 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 a maximum of USD 2,50,000 in a single financial year.    Now let’s know more about the different options available for sending money abroad: 1. Online Money Transfer Online money transfer systems have changed the way of sending and receiving money across borders. HiWiPay is […]
- [What is the Role of Co-Applicant in Education Loans](https://hiwi.thanepolyclinic.com/blog/role-of-co-applicant-in-education-loans/): What is a Co-Applicant in Education Loans? A co-applicant plays a very important role while availing of an education loan. Having a co-applicant mitigates the financial risk for both the borrower and the lender. A co-applicant in an education loan is an individual who signs the loan agreement alongside the primary borrower (typically the student).  This person shares the responsibility for repaying the loan and is legally obligated to do so if the primary borrower defaults. Co-applicants are usually parents, guardians, or close relatives of the student. Their involvement can significantly improve the chances of loan approval, as it provides the […]
- [Best Way to Transfer Money From India to the USA – Complete Guide](https://hiwi.thanepolyclinic.com/blog/transfer-money-from-india-to-usa/): 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 to the USA or to any other country requires certain documents to be submitted. Here, in this specific section, we have mentioned specific documents that you may require while transferring money to the USA.  Things to Consider When Choosing a Method of Sending Money to […]
- [What Fees Involved in International Remittance](https://hiwi.thanepolyclinic.com/blog/fees-involved-in-international-remittance/): 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 when transferring money internationally.   Types of International Remittance Fees There are several types of international remittance fees that can be incurred when sending money internationally. Understanding these different fees can help you make more informed decisions and potentially save on costs. Here are the […]
- [How Much Money Can You Carry From India to Study Abroad](https://hiwi.thanepolyclinic.com/blog/money-can-you-carry-from-india-to-study-abroad/): 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 countries may have their own limits and regulations regarding currency exchange and carrying cash.     How Much CAD Should I Carry from India to Canada? When travelling from India to Canada, you can carry any amount of Canadian dollars (CAD) in cash.  However, as per […]
- [Study Abroad Loans: Education Loan to Study in Ireland](https://hiwi.thanepolyclinic.com/blog/study-abroad-loans/): Cost of Studying Masters In Ireland If you want to study masters in Ireland, you need to know about the cost of studying there. Indian students who want to study for their master’s in Ireland should be prepared to pay  €10,000 – €40,000 every year. The cost of masters ranges between this amount. Be mindful that it is only the university cost you will be required to pay extra for your other expenses such as living, travelling, studying materials, etc. However, to meet other expenses, you can opt for a part-time job to support your studies and living expenses.   […]
- [How to Send Money From India to Philippines - Complete Guide](https://hiwi.thanepolyclinic.com/blog/send-money-from-india-to-philippines/): 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 rates. Hiwipay also handles your remittance requirements along with travel and tuition fees. Follow these steps to get started with us today:   Methods of Sending Money to the Philippines from India In this section, we have mentioned some of the essential options for send […]
- [How to Get an Education Loan without Collateral for MS in the US](https://hiwi.thanepolyclinic.com/blog/education-loan-without-collateral-for-ms/): How to Get a Loan to Fund Your MS Degree in the US On Your Own Funding a Master’s degree in the US can be daunting but manageable with proper planning. Here are steps you can consider to get a loan on your own:   How to Get an Education Loan Without Collateral for MS Getting an education loan without collateral or a cosigner can be challenging, but it’s not impossible. Here are some ways you can approach it: Also Read : Types of Collateral for Abroad Education Loan How to Get an Education Loan Without Margin Money Margin money, […]
- [How to Pay International School Costs from India to Abroad](https://hiwi.thanepolyclinic.com/blog/pay-international-school-costs-from-india-to-abroad/): 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 and transactions can be made in over 25 countries. With a wide range of currencies accepted on the card, it is the most suitable and convenient option for students studying abroad. Pros: Budget-friendly and secure, accepted in multiple countries Cons: Additional charges for different countries […]
- [How to Get an Education Loan With Low CIBIL Score](https://hiwi.thanepolyclinic.com/blog/education-loan-with-low-cibil-score/): Why is CIBIL Score Important for an Education Loan?  Cibil score plays an important role in obtaining an education loan, as it determines the loan approval. A high cibil score can minimise your time for loan approval, and on the other hand, a low cibil score can lead to non-approval of loans. It is one of the most important and crucial factors to keep in mind when applying for an education loan with low cibil score. The credit history and cibil score of the co-applicant should be between 700-900. Cibil scores lower than 700 can put you in a difficult […]
- [Tax Benefits on Education Loans Under Section 80E](https://hiwi.thanepolyclinic.com/blog/education-loans-under-section-80e/): What is the 80E Education Loan Deduction? There is a tax benefit on repayment of education loans under section 80E. One thing to note here is that EMI for the loan consists of interest and a part of the principal amount.  Further, the person claiming the deduction can be the person availing of the loan for his higher education or for the purpose of higher education of his relative.  For the purpose of this section, the term ‘relative’ includes the spouse and children of that individual or the student for whom the individual is the legal guardian.  Education Loans Under […]
- [Types of Collateral for Abroad Education Loan - Complete Guide](https://hiwi.thanepolyclinic.com/blog/collateral-for-abroad-education-loan/): What is Collateral in Education Loan Collateral is a security that a borrower pledges as a security for the loan. It works as a security for the lender in case the borrower defaults in repayment of the loan amount. The value of the collateral typically covers the loan amount. Now since the lender has assured repayment of the loan with the assigned security, the borrower may get favourable terms and conditions like lower interest rates, higher loan amounts, longer repayment tenure, etc. Generally, banks and other financial institutions offer collateral-free education loans up to INR 7.5 Lakhs. However, loan amounts more […]
- [How to Transfer Money from India to Australia for International Students](https://hiwi.thanepolyclinic.com/blog/transfer-money-from-india-to-australia/): Why Do People Transfer Money from India to Australia Students living in Australia may require money to sustain living there! Here are multiple reasons to send money abroad to International students studying in Australia: Families often transfer money from India to Australia to pay for these expenses to ensure that their children can focus completely on their studies without any financial worries. How to Send Money from India to Australia Before we explore the ways to transfer money from India to Australia, it is important to understand that transfer money from India to Australia for education purposes can attract certain […]
- [Education Loans with Collateral to Study Abroad in 2024](https://hiwi.thanepolyclinic.com/blog/education-loans-with-collateral-to-study-abroad/): What is an Education Loans With Collateral? Studying abroad requires financial support, which can not be obtained easily.  However, education loans with collateral to study abroad offer smooth and speedy loan processing. In this process, you will be required to provide any of your collaterals to the lender as a guarantee of loan payback. If, in any scenario, you are not able to pay back the loan amount, the lender can sell your collateral and get back their amount.  A collateral can either be a tangible or an intangible asset. Tangible assets are homes, flats, or any property. On the […]
- [Study in the UK : Guide for International Students](https://hiwi.thanepolyclinic.com/blog/study-in-the-uk/): Why Choose the UK for Your Education? The UK is among the top destinations to study. With high-class universities and institutions blended with traditions of excellence dating back hundreds of years, the United Kingdom offers much more than other English-speaking nations.  Below are the main reasons why the UK is attracting students from all over the world: It is well known that qualifications and degrees from universities in the UK are marked around the world as high in quality. Some older universities like Oxford and Cambridge have set a standard for excellence and the tradition is being followed by other […]
- [HDFC Credila vs. Axis Bank: Which is Better for Education Loans](https://hiwi.thanepolyclinic.com/blog/hdfc-bank-vs-axis-bank/): HDFC Credila vs. Axis Bank Education Loan Key Features Comparison When it comes to education loans, both Axis Bank and HDFC Credila are trusted lenders and provide notable similar features.  Below is a comparative table that highlights the significant features of education loans from both banks. Features Axis Bank HDFC Credila Maximum Loan Amount No upper limit for secured loansINR 75 Lakhs for Unsecured Loans INR 1 Crore for secured loans INR 75 Lakhs for Unsecured Loan Interest Rates 13.70- 15.20%. 9- 13.80%. Moratorium Period(negotiable for secured education loans) Course duration plus an additional six months (can be extended to […]
- [How to Send Money from India to Germany for International Students](https://hiwi.thanepolyclinic.com/blog/send-money-from-india-to-germany/): Reasons Why People Send Money from India to Germany Germany is very welcoming to students and it’s often cheaper than other countries. Many German public universities don’t even charge any tuition fees for local and international students. Most public universities in Germany don’t charge a penny of tuition fees and offer undergraduate programmes for free. Yes! You read that right. Totally free of tuition fees.  Additionally, there are costs like  Families often transfer money to pay for these expenses, ensuring that their children can focus on their studies without any financial worries. There are multiple factors that affect the actual […]
- [Cost of Living in Italy: A Guide for International Students](https://hiwi.thanepolyclinic.com/blog/cost-of-living-in-italy/): Average Cost of Living in Italy: Major Cities The cost of living in Italy depends on multiple factors including the city you are living in, accommodation, transportation, etc. Below is the list of top cities in Italy with their cost of living index. City in Italy Cost of Living Index Milan 68.9 Bologna 64.4 Florence 63.2 Bolzano-Bozen 62.3 Genoa 61.5 Padova 61.1 Turin 58.7 Rimini 57.5 Verona 56.1 Rome 55.8 Note: Details are last updated in June 2024. Cost of Living in Italy for International Students  The cost of living in Italy for international students includes tuition fees, housing and […]
- [Best Forex Cards for Indian Students in the USA](https://hiwi.thanepolyclinic.com/blog/forex-cards-for-indian-students-in-the-usa/): What are the Payment Options for Indian Students Studying Abroad It is evident that investing in education is far more beneficial than investing in anything else. Nowadays, people are more particularly interested in higher education. We can see this as a revolution in the education sector. Because of this shift of thought towards higher education, the number of Indian students is increasing every year. Most of the students are choosing the USA for their higher education. However, settling down in the U.S. with unknown people can be way easier than managing your finances and doing your transactions smoothly. It is […]
- [International Student Loans Without a Cosigner in the U.S](https://hiwi.thanepolyclinic.com/blog/international-student-loans-without-a-cosigner/): What is a Cosigner ? Before going any further, it is crucial to know about the role of a cosigner. A cosigner is a person who becomes a guarantor for your loan and agrees to pay it back if you are unable to do so. A cosigner can be a family member, relative, or close friend who signs your loan agreement, which indicates they will pay back the loan amount if you fail to pay it back. Here are a few circumstances in which you may require a cosigner.  In short we can say that a cosigner is basically an […]
- [How to Pay University Fees in the UK from India](https://hiwi.thanepolyclinic.com/blog/pay-university-fees-in-uk-from-india/): What Factors Influence Indian Students to Study in the UK There are many things that might compel you to choose the UK as your study destination. Firstly, UK universities are renowned worldwide for their high-quality education. This reputation, coupled with a diverse range of courses and specialisations, draws students from India seeking top-notch academic experiences. Moreover, UK degrees are widely recognised internationally, giving you a competitive edge in the global job market. After completing your studies, you have the opportunity to stay in the UK for up to two years to search for employment, allowing you to gain valuable work […]
- [Best Forex Cards for Indian Students in the UK](https://hiwi.thanepolyclinic.com/blog/forex-cards-for-indian-students-in-uk/): What are Forex Cards Forex cards, also called Forex Travel Cards or Prepaid Travel Cards, are convenient for international travel. You load money onto the card before you leave, locking in the exchange rate to avoid fluctuations. Many banks, such as HDFC and ICICI, offer these cards for free, though there might be a small fee from ATM withdrawals. Difference Between Forex Card & Debit Card Basis Forex Card Debit Card Card Issuance It can be activated within 4-5 business hours. Some companies even offer same-day delivery! You can only get it after opening a new account at a bank. […]
- [Education Loan for Abroad Studies without Collateral](https://hiwi.thanepolyclinic.com/blog/education-loan-abroad-studies-without-collateral/): What is an Education Loan Without Collateral Generally, loans are backed by some security or guarantee, that the lender can seize in case the borrower fails to repay the loan. But, as the name suggests, education loans for abroad studies without collateral do not require any security to be furnished to access the funds.  Many students and families may not possess assets or a guarantor or may not be willing to put them at risk. Education loan for abroad studies without collateral eliminate this barrier and make it easier for students to get loans and pursue their dream education abroad. […]
- [How to Transfer Money from India to UK for International Students](https://hiwi.thanepolyclinic.com/blog/transfer-money-from-india-to-uk-for-international-students/): Reasons Why People Send Money from India to UK If your child is living in the UK as an international student, they will have a lot of expenses like tuition, accommodation, food, travel, etc., and you might feel compelled to send money so that they can live without any worries. Before you transfer money from India to UK to your child, you must learn about the actual cost of living in the UK as an international student. Note that there are several things, such as the chosen city and lifestyle, that influence the actual cost of living in the UK. So, […]
- [List of Approved Foreign Universities for Education Loan](https://hiwi.thanepolyclinic.com/blog/list-of-approved-foreign-universities-for-education-loan/): Which is the Approved Foreign Universities for Education Loan? List of Approved Foreign Universities for Education Loan in the USA There are about 985 universities in the US that provide world-class education. Most top universities have a student-to-teacher ratio of 16 to 1. On average, international students pay $50,000 per year in tuition. Because of this high cost, many students find it convenient to take out education loans, which some banks offer without requiring collateral. Here are some of the top 5 universities in the USA. University QS World Ranking Massachusetts Institute of Technology (MIT) 1 Harvard University 4 Stanford […]
- [Top-5 Study Abroad Scholarships for Indian Students in 2024](https://hiwi.thanepolyclinic.com/blog/study-abroad-scholarships-for-indian-students/): Top 5 Indian Government Scholarships to Study Abroad in the USA Here are the top 5 scholarships offered by the Indian Government Scholarships for Studying Abroad for Indian Students in the United States: 1. Fulbright-Nehru Fellowships This scholarship is for Indian residents with an outstanding academic or professional history and English language proficiency.    Scholarship Details Eligibility Criteria Indian citizen residing in India Completed bachelor’s degree from a recognised Indian University (an equivalent of a U.S. bachelor’s degree) with a minimum of 55% marks) 3 years of full-time paid professional work experience relevant to your field of study Demonstrated experience […]
- [Best Forex Cards for Indian Students in Ireland](https://hiwi.thanepolyclinic.com/blog/forex-cards-for-indian-students-in-ireland/): What is a Forex Card for Students? Forex cards, also known as Forex Travel Card or Prepaid Travel Card, are cards in which you can load money before you leave for another country. The best part is that when you load in the money, you lock in the exchange rate to protect your money from exchange rate fluctuations. There are several banks, like HDFC, ICICI, etc., that offer forex cards at no cost. However, they may charge a small fee if you take money out of the ATM. What are the Benefits of Forex Cards for Indian Students in Ireland […]
- [How To Pay University Fees In The USA From India](https://hiwi.thanepolyclinic.com/blog/pay-university-fees-usa-from-india/): Different Ways to Pay US University Fees From India When it comes to pay university fees In The USA From India, you have multiple options to choose from. Before we dive into those options, note that whichever option you choose, you must abide by the Liberalised Remittance Scheme (LRS) regulations. As per it, you can send up to USD 250,000 (INR 20,682,750) per financial year (April-March). Additionally, you must pay a 5% tax on remittances above INR 700,000. However, if the funds are for medical or educational purposes, you are subject to a 20% tax.  1. Debit Cards or Credit […]
- [Tax Benefits on Education Loan for Abroad Studies](https://hiwi.thanepolyclinic.com/blog/tax-benefits-on-education-loan/): Tax Benefits on Education Loan Here are the tax benefits you can get if you get an education loan to study abroad: 1. Interest Deductions: You can claim interest paid on the education loan under section 80E of the Income Tax Act on your total taxable income. This will help reduce the overall cost of the loan, as you will pay less in taxes. 2. No Maximum Deduction Limit: When you claim interest paid on the education loan, there is no upper limit to the amount you can deduct from your taxable income. This means that you can deduct the […]
- [Education Loan for Pilot Training - Complete Guide](https://hiwi.thanepolyclinic.com/blog/education-loan-for-pilot-training/): Education Loan For Pilot Training In Abroad Key Features  A commercial pilot’s license from an approved flight school ranges from INR 35 to 40 lakhs. Therefore, education loan for pilot training abroad are specifically designed to support students in covering the expenses associated with their aviation education. Here are some key features of these loans: Loan Parameters Details Loan Limit Loan amount up to INR 1.5 Cr Expenses Covered Course tuition fees Hostel and meal expenses Cost of computer or laptop purchase Costs for instruments, uniforms, and equipment Expenses for books and stationeries Expenses for study projects, tours, and thesis […]
- [Best International Money Transfer Services in India](https://hiwi.thanepolyclinic.com/blog/international-money-transfer-services-india/): Factors to Consider When Choosing an International Money Transfer Services Provider Blindly choosing an international money transfer service provider is a fool’s play. Here are the essential factors you must consider: 1. Exchange Rate: Currency values change with changes in the economy. Exchange rates are influenced by interest rates, economic indicators, political stability, and market speculation. So, if you want to send money abroad, you must understand these key factors influencing the exchange rate to make informed decisions.  On a personal level, you must do the following to stay updated: Apart from this, here is what you must factor in […]
- [Top 5 Trends You Should Know If You Are Planning To Study in USA](https://hiwi.thanepolyclinic.com/blog/5-trends-to-know-before-planning-study-usa/): Financial Aid for Students The dream of studying abroad often comes with financial considerations. However, the USA offers many financial aid options to ease the burden, from grants and scholarships to work-study opportunities and loans. 1. Grants: Private companies, charities, and individuals offer grants to help international students financially. The best part is that you are not required to pay back the grant. However, the eligibility criteria for these grants varies and are usually set high. The competition is fierce. 2. Scholarships: The government provides various scholarships, such as Fullbright Scholarships, Stanford University Scholarships, and GyanDhan Scholarships. These can cover […]
- [Education Loan Interest Rate for Abroad Study](https://hiwi.thanepolyclinic.com/blog/education-loan-interest-rate-abroad/): Top Banking Institutions and Their Education Loan Interest Rate Public Banks’ Education Loan Interest Rate Bank Secured Loan Interest Rate Maximum Secured Loan Amount Unsecured Loan Interest Rate Maximum Unsecured Loan Amount State Bank of India (SBI) 11.15% INR 1.5 Cr 11.15% INR 7.50 Lakhs Bank of Baroda Starting at 8.15% INR 150 Lakh NA NA Bank of India 11.85% INR 150 Lakhs NA NA   Private Bank’s Education Loan Interest Rate Bank Secured Loan Interest Rate Maximum Secured Loan Amount Unsecured Loan Interest Rate Maximum Unsecured Loan Amount IDFC First 8.5% to 12% INR 1 Cr 10.50% to 12.50% […]
- [How to Get Student Loan for MBA Abroad](https://hiwi.thanepolyclinic.com/blog/education-loan-for-mba-abroad/): What are the Benefits of Taking an Student Loan for MBA Abroad? Taking an student loan for MBA abroad has several benefits: What are the eligibility criteria for an student loan for MBA Abroad? The eligibility criteria for an student loan for MBA abroad are as follows: Note: These are general criteria, and specific banks or financial institutions may have additional requirements. Always check with the specific lender for their criteria before applying for the loan. Documents Required for Student Loans for Studying Abroad Here are the documents you will need to apply for the loan: What are the Expenses […]
- [Wire Transfers vs Forex Cards: A Comparative Guide](https://hiwi.thanepolyclinic.com/blog/wire-transfers-vs-forex-cards/): What is Forex Card? A Forex Card, sometimes called a Forex Travel Card or Prepaid Travel Card, is like a prepaid card you use when you travel to other countries. You load it up with a set amount of foreign currency before your trip.  Lots of banks, such as ICICI and HDFC, provide forex cards. One of the biggest perks is that they won’t cost you anything, though there are small fees for taking out cash from the ATM. Also, with a Forex card, you can fix the exchange rate when you load it, shielding yourself from rate changes. All […]
- [Education Loan for Medical Studies Abroad](https://hiwi.thanepolyclinic.com/blog/education-loan-for-medical-studies/): Types of Education Loan for Medical Studies Education loans can be categorised based on various factors. Here are some types of education loan for medical studies: 1. Based on Location 2. Based on the Course of Education 3. Based on Collateral Career Education Loan: A Career Education Loan for medical students is a type of loan designed for working professionals seeking to enrol in advanced professional courses at either national or international colleges/universities. It is aimed at improving their employment prospects by upgrading their skills and qualifications. Essentially, it is for individuals looking to pursue career-focused undergraduate programs at recognised […]
- [Lowest Interest Rate on Education Loan - List of Banks 2024](https://hiwi.thanepolyclinic.com/blog/lowest-interest-rate-on-education-loan/): Understanding Education Loans Process Did you know that education loans don’t only cover tuition fees? Typically, they cover a wide range of expenses: Remember, it is always a good idea to check with the specific bank or financial institution for the exact details of what their education loan covers. Apart from this, understanding the various components of education loans is crucial for you and your family. Here are the key components of education loans: Now that you have a clear understanding of education loans, let’s move onto comparing the loan interest rates.   Comparative Analysis of Education Loan Interest Rates According […]
- [Essential Checklist for Students Going to Study Abroad](https://hiwi.thanepolyclinic.com/blog/checklist-for-students-going-study-abroad/): Read on for Our Study Abroad Checklist Essentials As you prepare for your upcoming travel, it is essential to ensure you have all the necessary documents in order to avoid any last-minute hassles. Don’t forget to bring your vaccination records, study permits, passport, visa, enrollment letters, and any other travel documents you might need.  Here are all the Essential Checklist for Students Going to Study Abroad: Travel Documents Travel documents are indispensable for students studying abroad. They serve as the key to not only flying and boarding the plane but also for passing through immigration check-ins and completing post-departure formalities. […]
- [Understanding TCS on Foreign Remittance for Education](https://hiwi.thanepolyclinic.com/blog/tcs-foreign-remittance-education/): TCS Rates on Education Preparing to study abroad in another country is very exciting, but it also means you have to think a lot about your financial needs and the tax (TCS) involved. The TCS rate for sending money abroad has changed, making it all the more vital for you to understand TCS on foreign remittance. Under the Liberalised Remittance Scheme (LRS), the TCS rate has been increased from 5% to 20%, effective October 1, 2023. However, this new rate excludes sending money abroad from India for educational and medical purposes. Here are the TCS Rates for Education Remittances: Amount […]
- [How To Avoid 20% TCS On Foreign Remittances & Money Transfer](https://hiwi.thanepolyclinic.com/blog/avoid-20-tcs-on-foreign-remittances/): However, you can minimise the tax impact through these ways: These general strategies can be used, but they might not apply to everyone’s situation. So, you must be wondering, what can I do?  The answer is simple: choose an online remittance company like HiWiPay. HiWiPay can be your support system. It offers a swift, user-friendly solution to avoid 20% TCS on Foreign remittances and money transfers. Fast transfers processed within 24-48 hours, competitive rates (1-2% markup), and transparent fee structures ensure compliance with regulations and provide flexibility in payment methods. Visit our website or download our app today! Understanding the […]
- [How to Save on Paypal International Fees | Complete Guide](https://hiwi.thanepolyclinic.com/blog/save-on-paypal-international-fees/): Can I Use PayPal to Make International Payments? You can use PayPal to make international payments. It offers flexibility, security, and ease of use for international money transfers. So, most people use PayPal to pay tuition fees, living expenses, gifts, special occasions, rent or accommodation, or miscellaneous expenses.   With PayPal, you can conveniently transfer money to someone with a PayPal account and even to someone who doesn’t have a PayPal account through Xoom, a PayPal service that allows you to send money to your friends and family worldwide. However, there are minimum and maximum amount limits: Let’s Walk through the […]
- [How to Pay Canada College Fees from India?](https://hiwi.thanepolyclinic.com/blog/how-to-pay-canada-college-fees-from-india/): How to Pay Tuition Fees in Canada from India? Some of the biggest concerns about sending money to Canada from India are that it should be done quickly, easily, and securely. There are several ways to make the transfer, but which one is right for you? Go through the following different methods to choose the right method for you:   1. Bank Transfer One of the safest, traditional, and universal methods of paying college fees is through bank transfers. Banks like HDFC, ICICI, etc., are authorised financial institutions that allow you to make international payments from India by visiting the […]
- [How to Transfer Money From India to Canada for International Students](https://hiwi.thanepolyclinic.com/blog/transfer-money-canada-student/): What are the Major Expenses for a Student in Canada? The first thing you need to know is the major expenses for a student in Canada. However, you must understand that several factors, such as the chosen city and your child’s lifestyle, influence money requirements.  So, while the specific numbers may vary, here is an overview of the cost of living in Canada for an international student:   Note: The figures mentioned in the table are approximate. They may vary by location and currency exchange rate. Last updated on 12/03/24. Knowing about the major expenses can help to create a financial […]

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- [About Us](https://hiwi.thanepolyclinic.com/about-us/): About HiWiPay EXIM Revolutionizing international payments for the global export economy HiWiPay EXIM Built for Exporters. Backed by Experts. Your go-to platform for fast, secure, reliable and compliant cross-border payments tailored specifically for India’s exporters and B2B trade businesses. “Whether you’re shipping saris or sourcing steel, we make your international collections feel local—quick, transparent, and fully aligned with global and Indian regulatory frameworks.” Why We Exist The Problem While global commerce moves fast, cross-border payments from and into India often get stuck in slow motion—bogged down by compliance challenges, outdated processes, and unclear timelines. The Solution That’s where HiWiPay EXIM […]
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- [Trade Landing](https://hiwi.thanepolyclinic.com/): Receive More Money, & Faster! Receive export payments from your international clients,without chasing your bank  RBI Compliant Partners Better Forex Rates All Documents in One Place Get Started Watch Demo Receive International Payments Client sends you USDUSDGBPEURCADCNYCZKHUFMXNRONTHBPLNTRYCHFDKKNOKSEKZARAEDAUDHKDILSKESNZDQARSARSGD Add Your Heading Text Here Live FX Rate: You will receive INR Earn 3% more than banks 87,207 Problems We Have Solved For Our Customers Where’s the money? Banks keep you waiting with no updates. HiWiPay gives instant alerts and real-time tracking for every export payment, so you always know when your payment is credited. When will the funds hit my account? With […]
- [International Money Transfer](https://hiwi.thanepolyclinic.com/remittancetransfers/): Transfer Money Abroad Quickly & Securely with HiWiPay Experience the quickest way to send money internationally without the stress. Trusted by millions worldwide. 24×7Support End To End Encrypted Multi-CurrencySupport Planning to Study Abroad? Send money as easily as sending a text – fast, secure, and effortless. Fast Transfers Transfer your money abroad within 24 hours with competitively low rates!  Multiple Payment Options Pay to the student’s host country with your familiar payment methods. Low Transactional Fees Low-fee remittance services, personalised for students, so affordability can’t limit your dreams. Pay From Anywhere With our user-friendly app and platform, you can easily […]
- [Account Deletion Information](https://hiwi.thanepolyclinic.com/account-deletion-information/): Steps to Request Account Deletion: Step 1 : Login to your student account on the HiWiPay app. Step 2: From the bottom navigation bar, click on “Profile“. Step 3: Select “Delete My Data” option Step 4: Click “Confirm” when prompted Your account will be deleted.
- [Referral Terms & Conditions](https://hiwi.thanepolyclinic.com/referral/): Share your unique referral link to invite someone to join HiWiPay. You can redeem your referral benefits only after your friend successfully completes their first transaction. A “successful referral” is one in which the referred client completes their first transaction successfully, without any associated cancellations, rejections, or unpaid transactions within the campaign period. The referral reward will be deposited into the bank account specified by the referrer in the HiWiPay app after logging in. The referrer must also upload a copy of the account holder’s PAN card. According to government guidelines, rewards exceeding INR 15,000 in a financial year will […]
- [Frequently Asked Questions](https://hiwi.thanepolyclinic.com/frequently-asked-questions/): Frequently Asked Questions Students Consultants Students Do you have an RBI License? No, however we are powered by RBI authorised AD 1 and AD 2 dealers who are RBI regulated. What is outward remittance? Outward remittance is when you send money from your home country to another country. You can do this for different reasons like supporting family overseas, paying for medical care, education, or vacations abroad. HiWiPay currently only supports education related cross border payments. What is the limit of LRS in a year? According to RBI, under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed […]
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- [Disclaimer](https://hiwi.thanepolyclinic.com/disclaimer/): Disclaimer The information contained in this website is for general information purposes only. The information is provided by HiWi Pay and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose.  In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever […]
- [Careers](https://hiwi.thanepolyclinic.com/careers/): Join The Support System Trusted By Millions Of Students Join team HiWiPay and help us build and sustain the finance support system that is synonymous with perfection! View All Jobs Perks of Joining HiWiPay Diverse Workforce Work Hard, Party Harder Open Door Policy Current Openings Apply Apply Not Finding Your Area of Expertise? Write to Us hire@hiwipay.com
- [News & PR](https://hiwi.thanepolyclinic.com/news-pr/): There’s always some happening at HiWiPay. Here’s a Peek-A-Boo into our press and media interaction. Overseas remittance fintech HiWiPay raises Rs 7.5 crore funding from Unicorn India Ventures, others Mumbai-based fintech HiWiPay secured Rs 7.5 crore in funding led by Unicorn India Ventures and the Unmaj Group. Co-founded by Dewang Neralla, the company aims to simplify cross-border payments for students studying abroad, addressing exchange rate transparency and documentation challenges while planning expansion into SME services. Read More Mr. Dewang Neralla, CEO, HiWiPay, to Speak on Cross-Border Payment Innovation at IFTA 2023. Mr. Dewang Neralla, CEO of HiWi, is set to […]
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- [About Us Old](https://hiwi.thanepolyclinic.com/about-us-old/): More Than Remittances, We Are Your Support System. Making sure you focus on your studies, not finances. Our Story At HiWiPay, we are not just about sending money; we are about making your educational journey abroad easier. We offer secure, transparent transfers, competitive rates, and consistent support. We know that studying abroad is an adventure, and we want to make the financial side as smooth as possible for you. This is why we go beyond remittance services. We have partnered up with several Banks and Non-Banking Financial Companies (NBFCs) to assist you in securing education loans, making your dreams about […]
- [Terms & Conditions](https://hiwi.thanepolyclinic.com/terms-conditions/): Terms & Conditions This document is an electronic record in terms of Information Technology Act, 2000 and rules there under as applicable and the amended provisions pertaining to electronic records in various statutes as amended by the Information Technology Act, 2000. This electronic record is generated by a computer system and does not require any physical or digital signatures. This document is published in accordance with the provisions of Rule 3(1) of the Information Technology (Intermediaries guidelines) Rules, 2011 that require publishing the rules and regulations, privacy policy and Terms and Conditions for access or usage of the Website. The […]
- [Privacy Policy](https://hiwi.thanepolyclinic.com/privacy-policy/): Privacy Policy General 1.1.This Privacy Policy is an electronic record in the form of an electronic contract formed under the Information Technology Act, 2000 and the rules made thereunder and the amended provisions pertaining to electronic documents/ records in various statutes as may be amended by the Information Technology Act, 2000 from time to time. This Privacy Policy does not require any physical, electronic or digital signature and is a legally binding document between the User and Us.   1.2. HiWi Forex Transaction Services Private Limited, an Indian company incorporated as per the provisions of the Companies Act, 2013 having registered […]


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