Private Visit/Leisure
Any Indian resident can send money to overseas countries under private visits category to meet their travel expenses in abroad like hotel, tour package bookings etc..
Any Indian resident can send money to overseas countries under private visits category to meet their travel expenses in abroad like hotel, tour package bookings etc..
One can Send admission fee and tuition fee directly to universities or through payment gateways like Convera, Flywire, paymytution, etc.. to abroad under this category.
Indian students can send money to the GIC/Blocked/FTS accounts through us to fulfil the requirements of respective countries.
Under this category an Indian Resident can send money to their close relatives or friends living in abroad.
Indian Residents who wants to settle in abroad can send money under this purpose.
One can transfer money abroad for medical treatment and other medical expenditure at abroad hospitals.
Orient exchange provides best exchange rate for international Money Transfer.
Apart from International money transfer, we have facility to create GIC account, Blocked account and FTS account for Indian students who wants to study in Canada, Germany and New Zealand.
We offer the customers to block the live exchange rate by paying 2% advance payment, in order to avoid fluctuation in the exchange rate.
Orient Exchange come up with the VKYC method to help the customers where documents is verified through video call.
With the establishment of the Liberalized Remittance Scheme (LRS)on February 4, 2004, the Government of India (GOI) made it possible for the Indian citizens to send money abroad for current account transactions.
If you are travelling abroad and would like to transfer money abroad, Orient Exchange is one of the most trusted names in India.
At Orient Exchange, we offer cash exchange services at competitive rates and provide a range of other financial services, such as outward remittance, Forex Cards and Overseas Travel Insurance.
For any legitimate purpose allowed by the FEMA (Foreign Exchange Management Act), 1999, an outward remittance is the transfer of money in the form of foreign currency from an Indian source to a beneficiary located outside India (apart from Nepal and Bhutan).
Orient Exchange is an authorized dealer [category II] permitted by the Reserve Bank of India(RBI), offers outward remittance services in the form of a telegraphic transfer(TT) or demand draft(DD) for 17 different purposes listed within the scope of the LRS scheme. Our branch staff process the transactions after verifying the remitter's KYC.
Here is a list of all the remittance purposes allowed by the Reserve Bank of India under the AD-II licence:
The criteria for sending money overseas are generally based on the residents' residency status and the reason for the payment.
For instance, businesses are only permitted to use authorized banks to conduct transactions involving exporting and importing goods and services.
Indian residents are currently permitted to send money abroad up to 2.5 lakh USD (or equivalent) per fiscal year.
If you are interested in pursuing your studies abroad, you will have to pass entrance exams for a variety of universities. Some of these exams cost money, including the fee for international admissions in the form of Swift Transfer or Demand Draft.
Students can choose Orient Exchange for the following reasons:
If Students wants to transfer money to Canada, Germany and New Zealand, you must know about GIC Payment, Blocked account payment and FTS Payment.
GIC is essentially a fixed deposit in the identity of a student who travels to Canada for educational purposes. Through this method, the Canadian government guarantees that individuals who want to study at Canadian Colleges have enough money to cover their course expenditures.
According to CIC (Citizen Immigration Canada) rules, GIC refers to a "Guaranteed Investment Certificate". It is a short-term investment issued by Canadian banks for up to a year. Students seeking admission under the SPP (Student Partner Program) Visa for studies in Colleges in Canada are obliged to invest 10,000 Canadian Dollars in the mode of a GIC with any Canadian Bank.
The Canada GIC process is a compulsory requirement for all international students who wish to study in Canada. GIC is an investment scheme mostly preferred for International students to study in Canada for study programs. All international students are required to deposit their one year’s living expenses into a Canada based bank in order to qualify for a student visa to study in Canada.
Students can choose Orient Exchange to create GIC Account and transfer money from India to Canada.
Blocked Accounts are essentially a solution for students to demonstrate to the German government that they have the financial resources to maintain themselves for a set period. Therefore, a Blocked Account is frequently a visa necessity. However, a Blocked Account cannot be said to be the same as a standard current banking account that we are all familiar with.
The critical distinction is that when you register a Blocked Account, you are allowed to withdraw a fixed sum every month to cover your living expenses. The amount can be withdrawn by opening a separate saving account from a bank in Germany of your choice, and then you can provide the details of the saving account to the bank where you’ve opened a Blocked Account.
Students can transfer money online from India to Germany by opening a Blocked Account in Germany, Orient Exchange will help in creating Blocked account and transferring money from India to any European countries.
The ANZ Bank of New Zealand Limited [ANZ] offers a Fund Transfer Scheme [FTS] that allows students to transfer money from banks and financial institutions overseas to an ANZ bank account in New Zealand.
These funds are released periodically to support students while they are in New Zealand. Students who will be studying in New Zealand for a year or more can use FTS to show us they meet the minimum funds requirement for a student visa. Most New Zealand student visas require you to have NZ$15,000 in addition to your course fee for each year you’ll be studying in New Zealand.
All International students are required to deposit NZ$15000 in addition to the course fee for their one year’s living expenses in order to qualify for a student visa in New Zealand.
Indian Students can transfer money to New Zealand from India by creating FTS account and can process FTS payment through us.
At Orient Exchange, we believe that timely and secure money transfers are important. That is why we always look for new ways to give the best rates and ensure the safety of the money being transferred to our clients.
Orient Exchange provide complete transparency and secured way to serve our customers to Send Money overseas with the help of our online platform. Please contact us if you want to send money abroad to any country from India.
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Select first option to freeze the rate
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