Send Money To Your Daughter Studying Abroad


So, your daughter has embarked on the exhilarating journey of studying abroad. It's a moment of immense pride and joy for you as a parent. However, with joy comes the responsibility of ensuring she has access to financial support whenever she needs it, especially in a foreign land. Managing her expenses and sending money abroad seamlessly can be a concern for many parents like you.

The Need for Hassle-Free Transactions

We at Muthoot FinCorp ONE understand your worries and strive to make the process of sending money to your daughter studying abroad as effortless as possible. Our array of services, including forex purchase, multi-currency cards, and international money transfers, are tailored to cater to your specific needs.

Access to Multi-Currency Solutions

At Muthoot FinCorp ONE, we offer a range of options tailored to suit your requirements. Whether it's buying, selling, or reloading a forex card, our services encompass every aspect except for trading. You can opt for a multi-currency card or cash, making it convenient for your daughter to manage her expenses abroad. Our services are designed to be secure, with competitive exchange rates and guaranteed 24-hour transfers, ensuring peace of mind for you and uninterrupted support for her.

Convenience at Your Fingertips

One of the perks of choosing Muthoot FinCorp ONE is the convenience it provides. You don't have to worry about visiting a branch every time. You can apply for a multi-currency Forex card online and have it delivered to your doorstep. Moreover, reloading the card or sending money abroad can be done seamlessly through our online platform. However, for cash transactions or foreign currency sales, a visit to the nearest Muthoot FinCorp Forex branch may be required.

Understanding RBI Guidelines

To provide you with clarity, 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). These transfers can be made for various purposes, as outlined and approved by the RBI, including educational expenses, medical treatments, travel, and more.

Approved Purposes for Forex Transactions

Under the RBI guidelines, various purposes are permitted for non-trade Forex accounts. These include expenses such as educational fees, medical treatments, participation in international events, emigration-related costs, visa fees, and more. At Muthoot FinCorp ONE, we ensure that your transactions align with these approved purposes, making the process smooth and compliant.

Your Hassle-Free Solution

With Muthoot FinCorp ONE, you can securely and reliably handle your forex needs. Enjoy competitive exchange rates, access cash from branches or opt for a multi-currency card delivered to your doorstep. Reloading your card becomes hassle-free, ensuring your daughter's financial needs abroad are met without any worries.

Navigating the process of sending money to your daughter studying abroad doesn't have to be complicated. With Muthoot FinCorp ONE, you have a reliable partner to facilitate hassle-free transactions, ensuring your daughter's focus remains on her education and experiences abroad. Trust us to simplify your international money transfers, anytime and anywhere.

Remember, your daughter's journey abroad should be filled with learning, growth, and cherished moments. Let Muthoot FinCorp ONE take care of the financial aspects so you can celebrate her achievements without any stress or hassle.

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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