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Documents required to Send Money Abroad for education purpose and what is Outward Remittances

Written by shalini

Topic: ForexPublished May 18, 2020
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Outward Remittance is a service offered by Foreign Exchange company and Banks to Send Money Abroad from India. There are many different Foreign Exchange companies in the market offering International Money Transfer for a different purpose which are permitted by RBI. An Indian citizen can send up to USD 250000 per financial year.rnThe rates may differ from vendor to vendor and Banks rates are high compared to the Foreign Exchange and one have to personally visit the bank for document verification, nobody wants to stand in a long queue for documentation, Therefore Orient Exchange offers Online Money Transfer with easy documentation process and the rates are comparatively better than other money changers it is easy and safe to Remit Money through Orient in online. Documents required to Send Money Abroad for Education purpose If you are going for the first time to your University ( Yet to Travel) then the following documents are required,rnPassportrnPan cardrnUniversity offer letterrnTicket( Optional ) For the first time, the fund can be transferred from your parent's account or your personal account if the fund is transferred from your parents account then Pan Card and Aadhar Card of the remitter is mandatory. If you are already in abroad and want to pay your university fee, your parents can pay on behalf of you through Send Money Abroad services from Foreign Exchange company like Orient Exchange with all the required documents and they are,rnLatest fee structurernPassportrnVisa( Student should be mentioned in the Visa)rnPan CardrnContinuation letter from universityrnParents Pan Card and Aadhar Card If you want the amount to be transferred to your university account then the bank details of the university is required along with the offer letter, if it is for your personal account the fund should match with your fee structure and should not exceed it.rnMake sure that you have all the documents before reaching out for Money Changers.

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About the Author

Orient Exchange is a top-rated Foreign Exchange dealing with Currency Exchange, Forex Cards, Outward Remittances and travel insurance. For more information, kindly visit our website www.orientexchange.in

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