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Showing posts from March, 2023

Convera Payment for International payment from India

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  In recent years, international trade and commerce have expanded significantly, leading to increased cross-border transactions. With the rise of digital payment solutions, it has become easier and more efficient to transfer money across borders. One such payment solution that has gained popularity in India is Convera Payment . Convera Payment is a digital payment platform that allows individuals and businesses to send money abroad  easily . The platform provides a secure and fast way to transfer money, with transactions completed within minutes. One of the main advantages of using Convera Payment is that it offers competitive exchange rates. The platform uses real-time exchange rates, which means that customers can be sure they are getting a fair rate when converting their money. Additionally, Convera Payment charges a low fee for international money transfers, which is much cheaper than traditional banks and other payment providers. To use Convera Payment, customers need to create an

A Guide for Indian Students to transfer money to Canada from India

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  For Indian students pursuing higher education in Canada, Sending money abroad  is  a necessary part of their journey. As an Indian student, you may need to send money to Canada to pay tuition fees, cover living expenses, or even support your family back home.  In this article, we will explore the various options available for international money transfer to Canada from India . Online Money Transfer Services: Online money transfer services have gained popularity in recent years due to their ease of use and competitive exchange rates. Online Services such as Orient Exchange  allow you to   transfer money to Canada from India  quickly and efficiently. You will need to set up an account with the service provider and provide your Canadian bank account details. Once the account is set up, you can transfer money to Canada using your debit card or bank transfer. These services also offer competitive exchange rates, making them a cost-effective option. GIC Transfer: Indian Students who wants

Tax Implications on Sending money from India to Canada

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  Sending money from one country to another can often come with various tax implications. If you're considering transferring  money from India to Canada , it's essential to be aware of any potential tax liabilities that may arise. In this article, we'll look at the tax implications of sending money abroad nations like  Canada and what you need to know. Taxation on Income If you're a resident of India and send money to Canada, you may have to pay taxes on the income earned from the source country. The income could be from various sources such as salary, rent, or investment income. As an Indian resident, you're required to pay taxes on your global income. Therefore, you must report any income earned in Canada in your Indian tax return. On the other hand, if you're a resident of Canada and receive money from India, you'll be taxed based on the Canadian tax laws. You'll be required to report the income in your Canadian tax return and pay taxes on it accordin

Purposes for transferring money to USA from India

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  Transferring money from India to the United States is a common financial transaction that serves various purposes. Whether it’s for personal or business reasons, sending money to the USA requires a clear understanding of the different purposes and the methods of transferring funds. One of the most common reasons for transfe r of money to USA from India  is to support family members. Many Indian families have members residing in the USA, either for work, education or permanent residency. Sending money abroad   to these family members is an essential means of supporting them and ensuring their well-being. It may be for paying their bills, financing their education, or even covering their daily expenses. In such cases, wire transfers or online remittance services are popular methods of transferring funds. Another reason for sending money from India to the USA is for business purposes. India and the USA have strong trade relations, and many Indian businesses have a presence in the United

The Scope Opening GIC Account for Indians

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  The Global Investment Center (GIC) is an investment platform that provides students with the opportunity to invest in global markets. It is an ideal investment platform for Indian students who want to diversify their investment portfolio and gain exposure to international markets. In this article, we will explore the scope of GIC account opening  for Indian students. GIC is a platform that provides students with a range of investment options, including equities, exchange-traded funds (ETFs), and mutual funds. It is a convenient way for Indian students to invest in global markets without having to worry about the complexities of international investing. GIC provides access to markets in the United States, Europe, and Asia. One of the advantages of GIC for Indian students is that it allows them to invest in foreign currencies, which can provide a hedge against currency fluctuations. This is particularly important for Indian students who are studying abroad and have expenses in foreign

Sending money abroad: tips for Indian parents

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  Sending money abroad can be a daunting task for many Indian parents, especially when it comes to sending money to their children who are living or studying abroad. With so many options available, it can be overwhelming to choose the right method for transferring money.  Moreover, there are various factors to consider, such as exchange rates, fees, and safety. In this article, we will discuss some tips for Indian parents to send money abroad to their children. Choose a Reliable Remittance Service When it comes to sending  money abroad , choosing a reliable remittance service is crucial. Look for a service that is secure, transparent, and has a good reputation. Some of the popular remittance services in India are Orient Exchange, Western Union, etc . Consider Exchange Rates Exchange rates play a significant role in determining how much money your child will receive. It's essential to compare exchange rates across different remittance services and choose the one that offers the best

How to send money from India to Canada

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  India and Canada share a strong relationship that spans across trade, culture, and education. As such, it is common for Indians to remit money to Canada for various reasons such as education, investment, or family support. If you're wondering how to transfer  money from India to Canada , this article is for you. We'll explore the different methods available and provide you with tips to ensure a smooth and secure transaction.   Online Payment Services   One of the  popular option for sending money abroad  is through online payment services such as Orient Exchange , Western Union, etc . These services allow you to transfer funds online using your credit card, debit card, or bank account. They are convenient, fast, and offer competitive exchange rates.   To use these services, you'll need to create an account and provide your personal and bank details. You'll also need to provide the recipient's bank account details, including the bank name, branch address, and accou

Benefits of Convera payments for Indian Students

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  In recent years, there has been a significant rise in the number of Indian students studying abroad. According to data from the Ministry of External Affairs, over 7.5 lakh Indian students were studying abroad in 2019. Studying abroad can be an enriching experience, but it can also come with its own set of challenges, one of which is managing finances. This is where Convera Payment  can be an invaluable tool for Indian students. Convera Payment is a digital payment platform that offers a range of financial services, including money transfers, foreign currency exchange, and online payments. Here are some of the ways in which Indian students can benefit from using Convera Payment: Easy money transfers : Indian students studying abroad often need to receive money from their parents or other family members back home. Convera Payment makes it easy to   send money abroad   between countries, with low transaction fees and competitive exchange rates. The platform allows users to send money di