Send Money Abroad To Your Child

Sending money abroad to support your child’s adventures or education is a huge deal. Whether they're studying in a different country or exploring the world, you want to make sure they have the resources they need. That’s where Muthoot FinCorp ONE steps in to make it all easier for you.

Sending Money Abroad: Simple and Secure

You might wonder about the best ways to send money, the limits, or the processes involved. Well, worry not! Muthoot FinCorp ONE is all about hassle-free, secure, and straightforward international money transfers.

How Much Can You Transfer?

First things first, there’s a limit set by the Reserve Bank of India under the Liberalized Remittance Scheme (LRS). You can transfer up to USD 2,50,000 in a financial year. So, you have the flexibility to support your child’s needs without worrying about hitting a ceiling.

Ways to Get Forex

When it comes to forex, you’ve got options. Muthoot FinCorp ONE offers multi-currency cards or cash for your convenience. What's more? You can do it all from the comfort of your home! Yup, you read that right. Apply for a multi-currency Forex card online and have it delivered right to your doorstep. No need to step out unless you want to collect cash or sell foreign currency.

Purposes Allowed by RBI

Now, you might be curious about what purposes are allowed for purchasing Forex. RBI has a handy list, including things like medical treatments, overseas education, and even participation in international events. It covers a wide range of scenarios, ensuring you have the means to support your child no matter where they are.

Hassle-Free Process

But let’s get back to the simplicity. Muthoot FinCorp ONE ensures you get forex securely and reliably with competitive exchange rates. Think of it as your one-stop solution for all your international money transfer needs. Need cash from the branch or a multi-currency card delivered to your doorstep? Check and check. Want to reload your card with multiple currencies? Absolutely hassle-free.

What About Visiting a Branch?

Ah, the classic question. Do you need to visit a Muthoot FinCorp Branch for Forex, Outward remittance, or Forex card? Nope! While some services may require a visit, the beauty of Muthoot FinCorp ONE is that you have the flexibility to apply online for a Forex card, send money abroad, or reload your existing card – all from the comfort of your couch.

Conclusion

So, there you have it, the ultimate guide to sending money abroad to your child. With Muthoot FinCorp ONE, it's all about ease, security, and convenience. Sending your support across borders has never been simpler. From competitive exchange rates to hassle-free international money transfers, we’ve got your back. Now, go ahead, support your child’s dreams, and let Muthoot FinCorp ONE take care of the rest.

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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