Studying abroad is a dream for many Indian students. But apart from tuition fees, living expenses, and academic costs, international money transfers can be a hidden expense that drains your budget if not planned wisely. Whether you’re paying university fees or receiving money for daily living, choosing the right remittance partner makes a huge difference.
In this post, we’ll share 5 practical ways Indian students can save on Abroad money transfer, with a special focus on how Orient Exchange, a trusted RBI-authorized remittance service provider, can help.
1. Choose RBI-Authorized Remittance Providers Like Orient Exchange
Many students and parents rely on traditional banks, unaware of better alternatives like RBI-authorized money changers. Banks often charge high service fees and hidden costs, while RBI-authorized dealers like Orient Exchange offer transparent and student-friendly rates.
Why Orient Exchange?
- Direct tie-ups with banks & fintechs abroad for faster payments.
- Special offers for students
- Zero hidden charges and very low exchange rates.
2. Compare Currency Exchange Rates Before Every Transaction
Exchange rates fluctuate daily, and even a small difference can save or cost thousands of rupees on large transactions. Always compare rates before making a transfer.
*Pro Tip:
Orient Exchange offers live exchange rate updates on their website, so students and parents can lock in the best rate when sending money abroad.
3. Avoid High Bank Charges & SWIFT Fees
Most traditional banks charge SWIFT fees and additional service charges, which can make the total cost higher. Orient Exchange offers direct wire transfers to universities and personal accounts abroad, helping students avoid unnecessary bank fees.
*Ideal for:
- Paying tuition fees directly to foreign universities.
- Sending living expenses to student accounts.
4. Plan Transfers in Bulk to Reduce Frequency Charges
Instead of sending small amounts frequently, plan and transfer a bulk amount to reduce the total number of transactions and associated fees.
With Orient Exchange, students can get personalized support to plan these bulk remittances efficiently, ensuring compliance and cost savings.
5. Use Online Remittance Platforms for Convenience and Discounts
Gone are the days when you had to visit a branch for money transfers. Orient Exchange offers a fully online remittance platform where students/parents can:
- Book rates online.
- Submit documents digitally.
- Track transactions in real-time.
* Bonus: Many times, Orient Exchange runs special discounts and offers for students during peak admission seasons.
Final Thoughts
For Indian students, every rupee counts when studying abroad. By partnering with a reliable and student-focused remittance provider like Orient Exchange, you can ensure your tuition and living expenses are handled smoothly — without extra costs eating into your budget.
Looking to transfer money abroad for education? Visit Orient Exchange Remittance Services to learn more and book your transfer at the best rates.
