Parent's Handbook for Overseas Money Transfers


Sending money abroad to support your child's endeavors or education can be both exciting and nerve-wracking. You want to ensure your child has access to funds whenever they need them while also navigating the complexities of international transfers. Fortunately, with the help of services like Muthoot FinCorp ONE, managing these transactions has become easier than ever.

Understanding Your Options

When it comes to sending money overseas, Muthoot FinCorp ONE offers a range of options tailored to suit your needs. Whether it's purchasing Forex, transferring funds abroad, or opting for a multi-currency card, the platform has you covered.

Secure and Hassle-Free Transactions

One of the primary concerns while transferring money internationally is security. With Muthoot FinCorp ONE, rest assured knowing that your transactions are 100% secure. The platform boasts competitive exchange rates, ensuring that your child receives the maximum value for every rupee sent.

Convenience at Your Fingertips

Gone are the days of lengthy procedures and multiple visits to the bank. Muthoot FinCorp ONE enables you to manage your Forex transactions from the comfort of your home. Whether you're applying for a multi-currency Forex card online or reloading it, the process is hassle-free and can be done both online and offline.

Understanding Limits and Purposes

The Reserve Bank of India has set a limit of USD 2,50,000 per financial year for international money transfers under the Liberalized Remittance Scheme (LRS). This scheme allows various purposes for which you can purchase Forex for non-trade accounts, ranging from educational expenses to medical treatment abroad.

Easy Access Anytime, Anywhere

With Muthoot FinCorp ONE, accessibility is key. Whether you opt for cash, a multi-currency card, or wish to transfer money abroad, you can do it anytime, anywhere. Need to withdraw cash from an ATM overseas? Not a problem. Your Muthoot FinCorp ONE multi-currency card will be accepted worldwide.

Simplifying Your Experience

Navigating the world of international transactions can feel overwhelming, but Muthoot FinCorp ONE aims to simplify this experience. Need cash from a branch or a multi-currency card delivered to your doorstep? Consider it done. Reloading your card with multiple currencies? It's hassle-free.

Sending money abroad to support your child's endeavors doesn't have to be a daunting task. With Muthoot FinCorp ONE, you have a reliable and secure partner that offers competitive exchange rates, hassle-free transactions, and various options to suit your requirements. Whether it's for education, medical expenses, or any other legitimate purpose, rest assured knowing that your child will have access to the funds they need, whenever they need them.

So, parents, take a breath, relax, and trust Muthoot FinCorp ONE to simplify your international money transfers, making sure your child's financial needs are always met, no matter where they are in the world.

About Muthoot FinCorp ONE

Muthoot FinCorp ONE is an all-in-one digital financial platform that makes getting an MSME & a Gold Loan, investing in Digital gold & NCDs, making payments & remittances, buying insurance & exchanging forex, simple and convenient.

As an SBU of Muthoot FinCorp Limited, Muthoot FinCorp ONE is backed by a legacy stretching back over 135 years, and the trust of more than 1 crore customers and is building a holistic financial ecosystem using the latest digital products for lending, investing, protection and payments.

Muthoot FinCorp ONE continues to uphold the values of the parent, the Muthoot Pappachan Group (Muthoot Blue) by providing its customers with easily accessible services, replete with unmistakable quality. The Muthoot Pappachan Group is among India’s most reputed names in the financial services industry, with customers in diverse segments like Automotive industry, Financial Services, Hospitality, Alternate Energy, Real Estate, and Precious Metals.

So what are you waiting for? Head to the Muthoot FinCorp ONE website today to know more.

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