Rs 1,700 crore: Hidden cost of sending money abroad | Dununu.com :...

Dununu.com Dununu

Patrocinados

Rs 1,700 crore: Hidden cost of sending money abroad

RSS Feed Business

Posted

57

Indian families sending money abroad for their children's education faced high bank fees. A report estimates they paid Rs 1,700 crore in 2024. Traditional banks charge high exchange rate markups. Digital remittances offer a cheaper alternative. India is now the largest source of international students in the US. Overseas education spending is expected to double by 2030.

Read Full Article

Please log in to like, share and comment!

Indian Overseas Bank Q1 results: Net profit jumps 76% YoY to Rs 1,111 crore; asset quality and margins improve

Indian Overseas Bank (IOB) witnessed a significant surge in net profit for the quarter ended June...

By 0 6

IND vs ENG: 'He has to play' - Ex-Eng cricketer bats for Bumrah in 4th Test

Monty Panesar urges India to unleash Jasprit Bumrah in the crucial fourth Test against England,...

By 0 8

UML Politburo meeting underway in Chyasal

LALITPUR: The Politburo meeting of the CPN-UML is underway at the party’s central office in...

By 0 8

MPESB Primary Teacher recruitment 2025 begins for 13,089 vacancies at esb.mp.gov.in: Direct link to apply here

By 0 12

Did Andy's wife, Megan, drop 'Byron' from her name?

Astronomer CEO Andy Byron and Chief People Officer Kristin Cabot are facing scrutiny after being...

By 0 13