How to save on extra charges when sending money overseas
As people move to different countries for reasons like study, medical treatment, vacation, employment etc, there are needs for sending money to other countries or receiving money from abroad. However, apart from fluctuating money exchange rates, there are other charges involved in transferring money from one country to another.
“There are a number of reasons why people transfer money internationally to purchase or rent a property, pay tuition fees or medical expenses, book a vacation abroad, gift money to friends or family, buying a coveted item from abroad, etc,” said Nitin Mathur, CEO, Tavaga Advisory Services.
There are also limits on the amount of money that may be transferred to other countries from India.
“The Reserve Bank of India (RBI)
Read more on financialexpress.com
