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