Every year many parents plan to send their children abroad for higher education. It is a significant step in any parent’s life because foreign education is a privilege very few can afford. They begin with the research of the best colleges and courses, eligibility criteria. But it is vital for parents to become familiar with the whole process and find the best remittance platform. So they can send money for the overseas education of their child. Otherwise sending money abroad may be difficult, not only while navigating remittance services but also calculating exchange rates. It is ideal to choose the right remittance service provider like RemitX that could save your money and time.
In this blog post, we are going to tell some pointers that how effectively RemtiX provides its services. After taking their services you will ensure safety, security, and dependability.
RemitX Services to Support Students for Overseas Education
1. Planning Ahead of Time:
Many individuals send currency at the last minute, which is not good, if there is a delay then completing the formalities can get hampered. So, it is the prime aim of RemitX to send money for the overseas education of his clients within time. If you prepare your payment far ahead of time it will assure you of a smooth transaction flow and avoid inconvenience.
2. Understand the Transaction Limit:
RemitX extensively experienced professionals know the all criteria of RBI for students. They implement the whole transaction process of receiving money from India under the Liberalized Remittance (LRS) Scheme. In this scheme, all living expenses of students studying overseas, and the limit of money per year are mentioned.
3. Exchange Rates:
It’s really critical to up-to-date all the information on exchange rates, compare and examine the costs of the services. Platforms like RemitX provides locked-in FX rates 24 hours a day, seven days a week. This will allow you to book a transaction at the stated rate. In simple words, your money will be debited at the same rate after the transaction is completed. By doing this, you will be able to send money for overseas education without time-consuming and complicated operations.
4. Emergency Financial Transfer:
Ideally, parents start planning this as soon as their child chooses universities. In a foreign country, sometimes emergency funds may be required and you have limited funds abroad. But there is no need to worry, RemitX provides their services totally digitized, and in a quick manner. RemitX remittance platform allows for same-day transfers services, this is comforting and reassuring.
In conclusion, it is very important to choose the best remittance platform. It can save your time and money throughout the process of your child’s education period abroad. It is highly suggested that take your time to consider your alternatives for the selection of a platform carefully. By giving some little time you will ensure your safety, security, and dependability.
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