Indian students can save big on international university fees with ExTravelMoney.com
It has been challenging in recent years for Indian students studying abroad to plan their budgets in light of the fluctuating value of the Indian rupee
New Delhi (India) : It’s not easy at all for Indian students to study abroad. One obstacle is the prohibitive cost of attending a foreign university. Not to mention the high cost of living in some countries like the USA, UK, Canada, and Australia. The instability of the INR exchange rate is yet another challenge they face.
It has been challenging in recent years for Indian students studying abroad to plan their budgets in light of the fluctuating value of the Indian rupee. There is also the problem of the high margins charged by many financial institutions when converting domestic currency into foreign currency for international wire transfers. These financial institutions collect nearly 5% of the money paid toward their college tuition fees as transaction fees. The financial burden of these factors makes studying abroad more challenging for students from India. To that end, ExTravelMoney.com, a startup based in Kochi, has stepped in to assist Indian students in reducing the cost of paying tuition at foreign universities.
How Does ExTravelMoney Help Indian Students?
For Indian students looking to pay their international university fees or make any other kind of international money transfer, ExTravelMoney.com is a great online resource. By comparing the rates offered by the many RBI-licensed banks and forex dealers in their network, the platform helps students save money when sending money abroad. They can make a well-informed choice by contrasting the exchange rates and total cost, which includes any service fees and tax charges. Since the platform can negotiate better rates for students than they would get if they went directly to a bank or money changer, they can save a lot of money by using it.
Here are some of the ways ExTravelMoney.com helps Indian students save on their international university fees and simplify the process for them:
- 1. Competitive exchange rates: ExTravelMoney.com partners with multiple forex dealers, giving students access to competitive exchange rates. The platform helps students get the best possible deal on their international remittance by comparing rates across multiple dealers.
- 2. No hidden charges: The platform ensures that students are not subject to any hidden charges or fees, as all charges are transparently displayed. This makes it easy for students to compare deals and make informed decisions.
- 3. Doorstep KYC verification: RBI’s law mandates that Indian citizens transferring money abroad must directly visit the bank or forex store to physically verify their KYC documents. ExTravelMoney.com offers doorstep KYC pickup, which saves students time and effort.
- 4. Multiple payment options: ExTravelMoney.com provides students with multiple payment options, including online transfers and card payments. This makes it convenient for students to make payments and ensures that they are able to complete their transactions quickly and securely.
- 5. Assistance with documentation: ExTravelMoney.com provides students with assistance in completing the necessary documentation for their money transfer abroad. This includes helping students fill out the A2 form for remittance and providing them with guidance on the documentation process as specified by RBI.
What Are Some Useful Tips For Indian Students?
If you’re an Indian student planning to study abroad, there are a few things you can do to save on international university fees.
First, start by looking for scholarships and grants that can help cover the cost of tuition. There are many organizations that offer financial assistance to Indian students studying abroad.
Next, consider working part-time or interning while you’re in school. This can help offset the cost of living expenses and give you some extra spending money.
Finally, be sure to compare exchange rates and fees before converting your currency. ExTravelMoney is a great resource for finding the best deals on money transfers and currency exchanges.
It is heartening to see the innovative ways startups are helping students deal with their financial woes and reduce the cost of fulfilling their dreams. ExTravelMoney has taken decisive steps in this direction by providing an easy-to-use platform that connects universities, banks, and money exchange companies to deliver student discounts on international tuition fee payments.
With more efficient service delivery, Indian students can save precious time while still getting access to competitive currency rates, which helps them keep their expenses within their budget.