Articles

Study Abroad: How Indian students can reduce cost of sending fund overseas?

by Pankaj Sharma Digital Marketing Professional

International transfers are often expensive with high margins on the exchange rate and steep service fees. Finance expert tells students how to save on transferring huge amounts abroad— George Zachariah

Money transfer to foreign universities

The trend of Indian students going abroad has been increasing in recent years. Simultaneously, so has transferring large amounts of money abroad by students, for paying their university fees and maintenance expenses.

As per data from the RBI, US $8.4 billion was sent abroad from India in FY22 for overseas education and maintenance. Unfortunately, international transfers are often expensive with high margins on the exchange rate and steep service fees. So how can students reduce the cost of sending funds overseas?

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About Pankaj Sharma Magnate II     Digital Marketing Professional

4,282 connections, 118 recommendations, 11,999 honor points.
Joined APSense since, May 14th, 2013, From Noida, India.

Created on Jul 19th 2023 01:53. Viewed 140 times.

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