ORIENT REMIT

Outward remittance from India refers to the sending money abroad  within ambit of laws made by RBI such as FEMA 1999 . The reasons for outward remittance can vary widely, but they generally fall into a few broad categories. In this article, we will explore some of the most common purposes of outward remittance from India. Education One of the most common reasons for outward remittance is education. Many Indian families send their children abroad to pursue higher education, either for undergraduate or postgraduate degrees. These educational opportunities may not be available in India, or the quality of education may be better in foreign countries. Outward remittance is used to   pay tuition fees , accommodation, and living expenses for the duration of the course. Travel Outward remittance is also used to fund international travel. Many Indians travel abroad for business or leisure purposes, and they need to exchange Indian currency for foreign currency to pay for their travel expenses.

  Sending money abroad from India can be a complex process, but with a little knowledge and planning, it can be a hassle-free experience. Here are some tips to keep in mind when sending money overseas from India: Choose the right transfer method:  There are several ways to send money abroad,  including bank transfers, wire transfers, and online money transfer services. Each method has its own advantages and disadvantages, so it's important to choose the one that suits your needs and budget. Compare exchange rates: Exchange rates can vary significantly between different transfer methods and providers. Before sending money abroad, compare exchange rates from multiple providers to ensure that you're getting the best possible deal. Consider fees:  Transfer fees can add up quickly, so it's important to understand the fees associated with each transfer method. Some providers offer zero or low fees but may compensate with a less favorable exchange rate, so consider both factors wh

  As an Indian student studying abroad, there are several things to consider when it comes to sending and receiving money. Remittance, or the transfer of funds internationally , can be a confusing process for many students. However, with the right information and tools, it can be a straightforward and stress-free process. Here is a detailed guide for student remittance for Indian students: Choose the right remittance method:  There are several ways to   transfer money from India to a foreign country , such as wire transfers, online money transfer services  such as Orient Exchange , and prepaid cards. Each method has its own fees, exchange rates, and transfer time, so it is important to compare and choose the method that works best for your needs and budget.  Convera Payment   is a hassle free remittance method for students. Understand the exchange rates:  Exchange rates refer to the value of one currency compared to another. It is important to keep an eye on exchange rates, as they can

  For Indian students studying in Canada, a GIC or Guaranteed Investment Certificate is an important financial product that can help them manage their expenses while they are studying. A GIC account in Canada is a safe and secured investment scheme  that earns a fixed rate of interest and can be used to cover living expenses, tuition fees, and other education-related costs. Here is what you need to know about opening a GIC account in Canada as an Indian student: Choose a bank:  To open a GIC account in Canada, you will need to choose a bank that offers this type of investment product. Some of the major Canadian banks that offer GICs include Scotiabank  and Bank of Montreal (BOM) . You can also consider other financial institutions such as ICICI Bank Canada and HSBC Canada. Indian Financial Institutions You can also contact to financial institutions like Orient Exchange to open GIC Account  in above mentioned banks from India. Many Institutions offers zero Inter bank rate to transfer mo

  Financial Management is a  important part  of life, especially for students who are studying abroad. As an Indian student in Canada, it is important to understand the financial management system in the country and how to effectively manage your finances. In this article, we will explain  some of the key financial management tips for Indian students in Canada. Making a budget  it is important to create a budget and stick to it. This involves making a list of all your income and expenses, and ensuring that your expenses do not exceed your income. You can also consider cutting back on unnecessary expenses, such as eating out or buying expensive clothes, to help you stay within your budget. Make priorities on spending money, Paying education fees, expenditure for rents should be top priorities. Saving Plans it is important to have a savings plan in place. This can be done by setting aside a portion of your income each month for savings. This will help you build up a nest egg for emergenc

  Studying in Europe is a dream come true for many students, including those from India. Europe is known for its world-class education system and provides a rich cultural experience to international students. However, it can also be overwhelming for students who are not familiar with the process of studying abroad. To help make this journey a little easier, here are some tips for Indian students who are planning to study in Europe. Research your options:  Before applying to any universities, it is important to research the different countries and institutions that offer the course of your choice. Europe has a diverse range of universities, each with its own unique culture and educational system. Look at the academic programs offered, campus life, cost of living, and job opportunities in each country before making a decision. Learn the language: Studying in Europe can be a challenge for those who are not fluent in the local language. Knowing the local language can help you navigate dail

  Canada has always been a popular destination for international students, including those from India. With its high-quality education, welcoming communities, and vibrant cities, it’s not difficult to see why so many students from India choose to study in Canada.  In this article, we’ll be exploring the top five universities in Canada for Indian students. University of Toronto The University of Toronto is one of the most well-regarded universities in the world, and it’s no surprise that it’s also one of the most popular choices for Indian students. With its strong reputation for research, innovation, and academic excellence, the University of Toronto is a great choice for students who are looking to challenge themselves academically. McGill University Located in Montreal, McGill University is another top-ranked university in Canada that is popular with Indian students. With its diverse student population and world-class faculty, McGill provides a rich and supportive environment for stu

  International money transfers from India have become increasingly popular in recent years, particularly among students who are studying abroad. This is due to the ease of use and cost-effectiveness of various international money transfer services that are now available. There are several factors to consider when making an international money transfer from India. One of the most important is the exchange rate. This is the rate at which one currency is converted into another. It is important to check the exchange rate before making a transfer, as it can vary greatly from one provider to another. Some providers offer better rates than others, so it pays to shop around. Another factor to consider is the transfer fee. This is the fee that is charged by the provider for facilitating the transfer. Some providers charge a flat fee, while others charge a percentage of the amount being transferred. It is important to compare the fees charged by different providers, as this can make a significa

Sending money abroad from India has become a common occurrence for many people, whether for personal reasons or for business purposes. It is important to understand the various options available for transferring money from India to a foreign country. This article provides an overview of the different methods for sending money abroad from India and the factors to consider when making a decision.   Money Exchange Services:  Money exchange services like Orient Exchange , Western Union, and MoneyGram are another option for sending money abroad. They are widely available, with many locations across India, and provide quick and convenient services. However, they may not offer the best exchange rates and may have higher fees compared to other options.   Debit and Credit Cards:  Debit and credit cards can also be used for making international transfers. However, it is important to check with your bank for any additional fees or charges associated with international transactions.  Bank Transfer

  International money transfer from India in 2023 has become a common and convenient method for individuals and businesses alike. In the past decade, technology advancements and increased competition among providers have made it easier, faster, and more affordable for Indians to send money abroad. One of the most popular methods for international money transfer from India is through online platforms and mobile apps. Some of the well-known providers include PayPal, TransferWise, Xoom, and Remitly. These platforms offer a simple, user-friendly interface and often have competitive exchange rates and low fees compared to traditional banks. In addition, they offer a range of services including instant transfers, forward contracts, and limit orders, making it easy for individuals and businesses to manage their international money transfers. Another popular method for international money transfer from India is through banks. While banks can often have higher fees and less favorable exchange r