• Send Money Online Anytime, Anywhere with WorldRemit

    Send Money Online Anytime, Anywhere here - http://goo.gl/LIJwgn Sending money online to your loved ones need not be an ordeal. At World Remit, it is really as easy as 1-2-3, where in a flash, you can send money from the comfort of your computer (or smartphone or tablet) to practically any part of the world. Moreover, the service thrives on so many different aspects: Low cost Low fees displayed up-front. Guaranteed exchange rates. Simple 24/7 service - no agents to visit. Available on computer, smartphone & tablet. Fast Instant transfer to many countries. Send & receive notifications by SMS and email. Trusted $140 million funding from investors of Facebook. Rated "Excellent" by our customers on Trustpilot. In fact, Trustpilot has voted WorldRemit with a superlative 'Excellent 9.5' r...

    published: 22 Mar 2016
  • Despite Crisis, Remittances Robust - World Bank

    Remittances to developing countries were a resilient source of external financing during the recent global economic crisis and remain a major source of income for many of the world's poor nation, particularly in India, China, Mexico and the Philippines.

    published: 08 Nov 2010
  • Nigeria's Central Bank suspends operations of all but 3 remittance firms

    A sudden announcement by Nigeria's Central Bank has limited the flow of remittances to the country, to just 3 entities, Western Union, Moneygram and Ria. The decision now leaves millions of Nigerians abroad with limited options to send cash back home. It was only 3 days later that the Central Bank made a public explanation for its actions, arguing that it was partly triggered by quote, "unwholesome of some unlicensed international money transfer operators". When CCTV's Ramah Nyang spoke earlier to World Remit's Alix Murphy, and CCTV's Deji Badmus, it emerged that the CBN's other motive, is tapping into the over 20 billion U.S. dollars of remittances that flow into Nigeria.

    published: 04 Aug 2016
  • Indonesia: Improved Remittance System Helps Migrant Workers and Families

    Many migrant workers send remittance money to their families through risky channels, which often leads to partial or total money loss. The World Bank's Greenback 2.0 Project in Indonesia is helping the remittance market become more transparent, efficient and inclusive to ensure workers keep their money safe.

    published: 19 Sep 2016
  • Carlo Corazza, Payment Systems and Remittances Specialist, World Bank

    "Carlo Corazza, Payment Systems and Remittances Specialist with the World Bank's Payment Systems Development Group and Financial Inclusion Global Practice says innovation in retail payment systems can bring about increased efficiencies. However, he says there are also a number of challenges to be addressed to make the transition a complete success. He talks with Better Than Cash Alliance about the benefits research has shown migrants can gain from the introduction of new technologies to remittances and some of the challenges that lie ahead in effecting change. The Better Than Cash Alliance provides government, private sector and development community with the expertise and resources needed to make the transition from cash to electronic payments to achieve the shared goals of empowering pe...

    published: 27 Jun 2013
  • Global Remittance System GRS Home Remittance Payments Tutorial 25 Apr 16

    remittance system tutorial. like and share this video.

    published: 12 Jul 2016
  • The Invisible Billions : Remittances | Dilip Ratha | TEDxGateway

    Economist Dilip Ratha was the first to analyse the global significance of remittances — money sent from foreign workers to their families back home. He is the manager of the Migration and Remittances team at the World Bank and the head of the Global knowledge partnership on migration and development (KNOMAD). He also co-coordinates the G8/G20 Global Remittances Working Group, and is involved in a number of other organisations focusing on remittances. Besides migration, he has done pioneering work on innovative financing including diaspora bonds and south-South foreign direct investment. Economist Dilip Ratha was the first to analyse the global significance of remittances — money sent from foreign workers to their families back home. He is the manager of the Migration and Remittances te...

    published: 11 Aug 2016
  • What To Do About It: Abra | Bill Barhydt

    Bill introduces his solution to the current banking problem and goes in depth on the app, Abra. Bill Barhydt is a serial entrepreneur and the Co-Founder and CEO of Boom Financial and Abra. Abra is the world's first digital cash peer-to-peer network. Users can send or receive money or pay for things instantly, privately, and securely ​with or without a bank account. Abra Tellers represent a global, shared network of people facilitating the movement of money. For more information, check out: More videos and livestreams: http://www.drapertv.com Residential program: http://www.draperuniversity.com Online Courses: http://www.courses.drapertv.com Subscribe for more videos!

    published: 08 Jun 2016
  • ICICI Bank Money2World

    India's first fully online money transfer service from any bank in India to any bank overseas

    published: 12 Oct 2015
  • Payworld Money Remittance

    This is an entirely new realm of business for us and you. And we would like the two of us to grow together and make profits. In this new vertical of business, there is extreme potential for you. To give you a little brief on the service: We have tied up with YES bank and are offering their YES Money Remittance services. Under this module, the end customer would come and contact you to send money to the beneficiary's bank account. For these services, you will be charging money from the customer and will have a share in the money taken. For more Details Contact us:-9918011110,9236011110,9305080264

    published: 06 Oct 2014
  • Money Transfer Explained

    Money transfer services can save you a lot of money when doing international transfers compared to the ATM or the bank. How do they work and are they worth the effort? Recommended money transfer services: **1st choice** CurrencyFair https://www.currencyfair.com/?channel=RGN3H1 [Referral link. Free transfer + 30€ bonus if you transfer 2000€ or equivalent] Usually the least expensive, but also the smallest list of supported currencies/countries. Use CurrencyFair first if your money comes *from* Europe, UK, Australia or any country where CurrencyFair has a local bank account. List of supported currencies to ‘send in’: https://app.currencyfair.com/support/en/sending-in/16 Check if they have a local account to ‘send in’ your currency: https://www.currencyfair.com/how-it-works/exchange-pro...

    published: 09 Mar 2017
  • TransferTo Global Airtime Remittance Hub

    TransferTo is a global airtime remittance hub that interconnects mobile operators' prepaid systems to deliver international top-up services. TransferTo is the only fast, convenient and reliable solution enabling the transfer of small amounts of value in the form of prepaid mobile credits, the ideal low cost, high value complement to cash remittances. Designed for migrants and travellers, who can now remotely recharge the prepaid phones of their loved ones back home, the TransferTo solution is a must have Value Added Service for mobile network operators, MVNO, retailers and financial institutions targeting the ethnic market segment. With a global reach over five continents, TransferTo is the leader in international prepaid airtime remittances, and enables real time prepaid top-up transfe...

    published: 11 Jan 2012
  • HADU - Remittance via Bank - ISMi Warwick Business School

    Hadu is a platform for remittance with low cost, convenient for people with minimum banking facility and new solution for sending money anywhere in the world! We are master student from Information System Management & Innovation Warwick Business School and here is our solution for SWIFT Institute Challenge

    published: 31 May 2016
  • Best international money transfer

    Goto: http://www.transefrwise.com Far better than banks or any similar service I have seen before, good job! I have started using Transferwise on a recommendation of a friend when I needed to transfer the finances to England. I have done the EUR to GBP transfer and all went well. I recieved emails from the support at every stage of the process (when the payment was set, when money way recieved by Transferwise and when the payment was executed). Keywords: al barakah money transfer bank to bank transfer bank transfer bank wire transfer barakah money transfer best international money transfer best way to transfer money best way to transfer money internationally best way to transfer money overseas best way to transfer money to india bilex money transfer can you transfer money from on...

    published: 23 Dec 2014
  • BBC World's Newsroom: Somalia money transfers

    Millions of Somalis who rely on cash sent from abroad will find access to this money cut off from today. The British bank, Barclays, is pulling out of its relationships with remittance firms over concerns the cash could be laundered to fund terror groups such as al-Shabab. BBC World's Newsroom presenter Anne-Marie Tomchak speaks to Business reporter Russell Padmore and Mohamed Mohamed of the BBC's Somali service about the move.

    published: 30 Sep 2013
  • 5 FEMA Rules An NRI Must Know

    5 most important foreign exchange rules under Foreign Exchange Management Act 1999 (FEMA) every NRI (Non Resident Indian) should be aware of. Website: www.fundoomoney.com Subscribe: https://www.youtube.com/channel/UCQTqvgT_qzPZn1D1bHsxtKw?sub_confirmation=1 Share Video: https://youtu.be/sH8SFkn7wVg Welcome to FundooMoney, your 24X7 buddy for all your money matters! For every non-resident Indian (NRI), along with tax regulations, foreign exchange regulations significantly influence how they manage their India finances. Here, we will discuss 5 most important forex rules every NRI should be aware of. Any cross border monetary transaction either to or from India is governed by FEMA (Foreign Exchange Management Act) 1999. Here are the 5 most important FEMA regulations every NRI must know. Ma...

    published: 24 Nov 2016
Send Money Online Anytime, Anywhere with WorldRemit

Send Money Online Anytime, Anywhere with WorldRemit

  • Order:
  • Duration: 3:00
  • Updated: 22 Mar 2016
  • views: 10237
videos
Send Money Online Anytime, Anywhere here - http://goo.gl/LIJwgn Sending money online to your loved ones need not be an ordeal. At World Remit, it is really as easy as 1-2-3, where in a flash, you can send money from the comfort of your computer (or smartphone or tablet) to practically any part of the world. Moreover, the service thrives on so many different aspects: Low cost Low fees displayed up-front. Guaranteed exchange rates. Simple 24/7 service - no agents to visit. Available on computer, smartphone & tablet. Fast Instant transfer to many countries. Send & receive notifications by SMS and email. Trusted $140 million funding from investors of Facebook. Rated "Excellent" by our customers on Trustpilot. In fact, Trustpilot has voted WorldRemit with a superlative 'Excellent 9.5' rating. You can easily receive money in so many different ways: Bank deposit Cash pickup Mobile money Airtime top-up So what are you waiting for? Go ahead and log on to http://goo.gl/LIJwgn to get started. The key message here is that Western Union is NOT the only option; if you are looking for Western Union alternatives, then World Remit clearly ranks right up there.
https://wn.com/Send_Money_Online_Anytime,_Anywhere_With_Worldremit
Despite Crisis, Remittances Robust - World Bank

Despite Crisis, Remittances Robust - World Bank

  • Order:
  • Duration: 2:36
  • Updated: 08 Nov 2010
  • views: 5687
videos
Remittances to developing countries were a resilient source of external financing during the recent global economic crisis and remain a major source of income for many of the world's poor nation, particularly in India, China, Mexico and the Philippines.
https://wn.com/Despite_Crisis,_Remittances_Robust_World_Bank
Nigeria's Central Bank suspends operations of all but 3 remittance firms

Nigeria's Central Bank suspends operations of all but 3 remittance firms

  • Order:
  • Duration: 5:07
  • Updated: 04 Aug 2016
  • views: 3363
videos
A sudden announcement by Nigeria's Central Bank has limited the flow of remittances to the country, to just 3 entities, Western Union, Moneygram and Ria. The decision now leaves millions of Nigerians abroad with limited options to send cash back home. It was only 3 days later that the Central Bank made a public explanation for its actions, arguing that it was partly triggered by quote, "unwholesome of some unlicensed international money transfer operators". When CCTV's Ramah Nyang spoke earlier to World Remit's Alix Murphy, and CCTV's Deji Badmus, it emerged that the CBN's other motive, is tapping into the over 20 billion U.S. dollars of remittances that flow into Nigeria.
https://wn.com/Nigeria's_Central_Bank_Suspends_Operations_Of_All_But_3_Remittance_Firms
Indonesia: Improved Remittance System Helps Migrant Workers and Families

Indonesia: Improved Remittance System Helps Migrant Workers and Families

  • Order:
  • Duration: 2:32
  • Updated: 19 Sep 2016
  • views: 762
videos
Many migrant workers send remittance money to their families through risky channels, which often leads to partial or total money loss. The World Bank's Greenback 2.0 Project in Indonesia is helping the remittance market become more transparent, efficient and inclusive to ensure workers keep their money safe.
https://wn.com/Indonesia_Improved_Remittance_System_Helps_Migrant_Workers_And_Families
Carlo Corazza, Payment Systems and Remittances Specialist, World Bank

Carlo Corazza, Payment Systems and Remittances Specialist, World Bank

  • Order:
  • Duration: 5:58
  • Updated: 27 Jun 2013
  • views: 706
videos
"Carlo Corazza, Payment Systems and Remittances Specialist with the World Bank's Payment Systems Development Group and Financial Inclusion Global Practice says innovation in retail payment systems can bring about increased efficiencies. However, he says there are also a number of challenges to be addressed to make the transition a complete success. He talks with Better Than Cash Alliance about the benefits research has shown migrants can gain from the introduction of new technologies to remittances and some of the challenges that lie ahead in effecting change. The Better Than Cash Alliance provides government, private sector and development community with the expertise and resources needed to make the transition from cash to electronic payments to achieve the shared goals of empowering people and growing emerging economies.
https://wn.com/Carlo_Corazza,_Payment_Systems_And_Remittances_Specialist,_World_Bank
Global Remittance System GRS Home Remittance Payments  Tutorial 25 Apr 16

Global Remittance System GRS Home Remittance Payments Tutorial 25 Apr 16

  • Order:
  • Duration: 2:34
  • Updated: 12 Jul 2016
  • views: 48
videos
remittance system tutorial. like and share this video.
https://wn.com/Global_Remittance_System_Grs_Home_Remittance_Payments_Tutorial_25_Apr_16
The Invisible Billions : Remittances | Dilip Ratha | TEDxGateway

The Invisible Billions : Remittances | Dilip Ratha | TEDxGateway

  • Order:
  • Duration: 12:25
  • Updated: 11 Aug 2016
  • views: 1135
videos
Economist Dilip Ratha was the first to analyse the global significance of remittances — money sent from foreign workers to their families back home. He is the manager of the Migration and Remittances team at the World Bank and the head of the Global knowledge partnership on migration and development (KNOMAD). He also co-coordinates the G8/G20 Global Remittances Working Group, and is involved in a number of other organisations focusing on remittances. Besides migration, he has done pioneering work on innovative financing including diaspora bonds and south-South foreign direct investment. Economist Dilip Ratha was the first to analyse the global significance of remittances — money sent from foreign workers to their families back home. He is the manager of the Migration and Remittances team at the World Bank and the head of the Global knowledge partnership on migration and development (KNOMAD). He also co-coordinates the G8/G20 Global Remittances Working Group, and is involved in a number of other organisations focusing on remittances. Besides migration, he has done pioneering work on innovative financing including diaspora bonds and south-South foreign direct investment. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
https://wn.com/The_Invisible_Billions_Remittances_|_Dilip_Ratha_|_Tedxgateway
What To Do About It: Abra | Bill Barhydt

What To Do About It: Abra | Bill Barhydt

  • Order:
  • Duration: 9:07
  • Updated: 08 Jun 2016
  • views: 1789
videos
Bill introduces his solution to the current banking problem and goes in depth on the app, Abra. Bill Barhydt is a serial entrepreneur and the Co-Founder and CEO of Boom Financial and Abra. Abra is the world's first digital cash peer-to-peer network. Users can send or receive money or pay for things instantly, privately, and securely ​with or without a bank account. Abra Tellers represent a global, shared network of people facilitating the movement of money. For more information, check out: More videos and livestreams: http://www.drapertv.com Residential program: http://www.draperuniversity.com Online Courses: http://www.courses.drapertv.com Subscribe for more videos!
https://wn.com/What_To_Do_About_It_Abra_|_Bill_Barhydt
ICICI Bank Money2World

ICICI Bank Money2World

  • Order:
  • Duration: 2:18
  • Updated: 12 Oct 2015
  • views: 196950
videos
India's first fully online money transfer service from any bank in India to any bank overseas
https://wn.com/Icici_Bank_Money2World
Payworld Money Remittance

Payworld Money Remittance

  • Order:
  • Duration: 1:47
  • Updated: 06 Oct 2014
  • views: 5177
videos
This is an entirely new realm of business for us and you. And we would like the two of us to grow together and make profits. In this new vertical of business, there is extreme potential for you. To give you a little brief on the service: We have tied up with YES bank and are offering their YES Money Remittance services. Under this module, the end customer would come and contact you to send money to the beneficiary's bank account. For these services, you will be charging money from the customer and will have a share in the money taken. For more Details Contact us:-9918011110,9236011110,9305080264
https://wn.com/Payworld_Money_Remittance
Money Transfer Explained

Money Transfer Explained

  • Order:
  • Duration: 6:22
  • Updated: 09 Mar 2017
  • views: 3997
videos
Money transfer services can save you a lot of money when doing international transfers compared to the ATM or the bank. How do they work and are they worth the effort? Recommended money transfer services: **1st choice** CurrencyFair https://www.currencyfair.com/?channel=RGN3H1 [Referral link. Free transfer + 30€ bonus if you transfer 2000€ or equivalent] Usually the least expensive, but also the smallest list of supported currencies/countries. Use CurrencyFair first if your money comes *from* Europe, UK, Australia or any country where CurrencyFair has a local bank account. List of supported currencies to ‘send in’: https://app.currencyfair.com/support/en/sending-in/16 Check if they have a local account to ‘send in’ your currency: https://www.currencyfair.com/how-it-works/exchange-process-times/ (For example, they do not have local accounts in the US, Canada and New Zealand even if they accept the respective currencies.) **2nd Choice** TransferWise https://transferwise.com/u/4cbd8a [Referral Link. Fee is waived up to 500£ or equivalent] Use TransferWise first if your money comes *from* the US, Canada, New Zealand or any supported country with a local account. Also use them to get an extra free transfer after using up your CurrencyFair freebie. List of supported countries here: https://transferwise.com/help/article/1570071/basic-information/supported-countries **3rd Choice** XE.com http://www.xe.com/xemoneytransfer/ Use XE.com if you need to transfer from a currency/country that is not supported by CurrencyFair or TransferWise, like sending money *from* Mexico. List of supported currencies here: http://www.xe.com/xemoneytransfer/ca/#currencies **EXTRA INFO** Good post comparing various money transfer services: https://www.currencyfair.com/blog/money-transfer-companies-compared/ Excellent website that compares various services including spread and fees for a given trade: https://moneytis.com/ Tips: ** You need a bank account at both ends of the transaction. The receiving account usually doesn't have to be yours, so you can use a (trusted!) friend's account if your are in a pinch. ** Compare your particular trade between services, pricing varies a lot depending on countries and currencies. ** Money transfer services are usually slow. The delay can be from a few hours to a few business days to more than a week in some cases. Plan ahead. ** Always test a new transfer service with a smaller amount first (a few hundred dollars or equivalent) to make sure everything is working as expected. ** Break down very big transfers into smaller chunks. It minimizes risk if anything goes wrong and it avoids getting flagged by government checks (usually around 10000US$, varies by country). It also evens out variations in the exchange rate if you do multiple transfers over a few weeks instead of all on the same day.
https://wn.com/Money_Transfer_Explained
TransferTo Global Airtime Remittance Hub

TransferTo Global Airtime Remittance Hub

  • Order:
  • Duration: 1:55
  • Updated: 11 Jan 2012
  • views: 4978
videos
TransferTo is a global airtime remittance hub that interconnects mobile operators' prepaid systems to deliver international top-up services. TransferTo is the only fast, convenient and reliable solution enabling the transfer of small amounts of value in the form of prepaid mobile credits, the ideal low cost, high value complement to cash remittances. Designed for migrants and travellers, who can now remotely recharge the prepaid phones of their loved ones back home, the TransferTo solution is a must have Value Added Service for mobile network operators, MVNO, retailers and financial institutions targeting the ethnic market segment. With a global reach over five continents, TransferTo is the leader in international prepaid airtime remittances, and enables real time prepaid top-up transfers to over 230 partner mobile network operators in 80 countries, reaching 3.6 billion prepaid users. TransferTo supports multiple payment channels enabling Phone to Phone, POS to Phone and Web to Phone top-up transfers. TransferTo is part of Ingenico (Euronext: FR0000125346 - ING) the world's leading provider of payment solutions, with over 15 million terminals deployed in more than 125 countries. Its 3,000 employees worldwide support retailers, banks and service providers to optimize and secure their electronic payments solutions, develop their offer of services and increase their point of sales revenue.
https://wn.com/Transferto_Global_Airtime_Remittance_Hub
HADU - Remittance via Bank - ISMi Warwick Business School

HADU - Remittance via Bank - ISMi Warwick Business School

  • Order:
  • Duration: 0:55
  • Updated: 31 May 2016
  • views: 54
videos
Hadu is a platform for remittance with low cost, convenient for people with minimum banking facility and new solution for sending money anywhere in the world! We are master student from Information System Management & Innovation Warwick Business School and here is our solution for SWIFT Institute Challenge
https://wn.com/Hadu_Remittance_Via_Bank_Ismi_Warwick_Business_School
Best international money transfer

Best international money transfer

  • Order:
  • Duration: 1:30
  • Updated: 23 Dec 2014
  • views: 22876
videos
Goto: http://www.transefrwise.com Far better than banks or any similar service I have seen before, good job! I have started using Transferwise on a recommendation of a friend when I needed to transfer the finances to England. I have done the EUR to GBP transfer and all went well. I recieved emails from the support at every stage of the process (when the payment was set, when money way recieved by Transferwise and when the payment was executed). Keywords: al barakah money transfer bank to bank transfer bank transfer bank wire transfer barakah money transfer best international money transfer best way to transfer money best way to transfer money internationally best way to transfer money overseas best way to transfer money to india bilex money transfer can you transfer money from one bank to another cash transfer cheap international money transfer cheap money transfer cheapest international money transfer cheapest money transfer cheapest way to transfer money internationally cheapest way to transfer money overseas chitoro money transfer choice money transfer coinstar money transfer compare money transfer currency transfer direct money transfer electronic funds transfer electronic money transfer email money transfer foreign money transfer forex money transfer free international money transfer free money transfer fund transfer funds transfer global money transfer gmk money transfer gmt money transfer how to transfer money how to transfer money between banks how to transfer money from bank to bank how to transfer money from one bank account to another how to transfer money from one bank to another how to transfer money internationally how to transfer money online how to transfer money overseas how to transfer money to another bank account ime money transfer instant money transfer international bank transfer international bank transfer fees international funds transfer international money transfer international money transfer online international transfer international wire transfer jn money transfer kangaroo money transfer kanggaru money transfer lbc money transfer lcc money transfer lm money transfer mobile money transfer money transfer money transfer companies money transfer credit card money transfer credit cards money transfer international money transfer online money transfer overseas money transfer services money transfer to australia money transfer to india from usa money transfer to nigeria money transfer to pakistan money transfer to philippines money transfer uk money wire transfer multi money transfer muthoot money transfer online bank transfer online international money transfer online money transfer online transfer online wire transfer opal money transfer overseas money transfer sigue money transfer supersonic money transfer telegraphic transfer transfer funds transfer money transfer money between banks transfer money from australia to uk transfer money from credit card to bank account transfer money from india to usa transfer money from one bank to another transfer money from uk to australia transfer money from uk to usa transfer money internationally transfer money online transfer money overseas transfer money to australia transfer money to bank account transfer money to india from usa transfer money to south africa transfer money to uk transfer money to usa uk money transfer unity link money transfer vigo money transfer vina money transfer ways to transfer money western money transfer wire transfer wire transfer fees xe money transfer
https://wn.com/Best_International_Money_Transfer
BBC World's Newsroom: Somalia money transfers

BBC World's Newsroom: Somalia money transfers

  • Order:
  • Duration: 4:01
  • Updated: 30 Sep 2013
  • views: 1522
videos
Millions of Somalis who rely on cash sent from abroad will find access to this money cut off from today. The British bank, Barclays, is pulling out of its relationships with remittance firms over concerns the cash could be laundered to fund terror groups such as al-Shabab. BBC World's Newsroom presenter Anne-Marie Tomchak speaks to Business reporter Russell Padmore and Mohamed Mohamed of the BBC's Somali service about the move.
https://wn.com/BBC_World's_Newsroom_Somalia_Money_Transfers
5 FEMA Rules An NRI Must Know

5 FEMA Rules An NRI Must Know

  • Order:
  • Duration: 3:09
  • Updated: 24 Nov 2016
  • views: 6624
videos
5 most important foreign exchange rules under Foreign Exchange Management Act 1999 (FEMA) every NRI (Non Resident Indian) should be aware of. Website: www.fundoomoney.com Subscribe: https://www.youtube.com/channel/UCQTqvgT_qzPZn1D1bHsxtKw?sub_confirmation=1 Share Video: https://youtu.be/sH8SFkn7wVg Welcome to FundooMoney, your 24X7 buddy for all your money matters! For every non-resident Indian (NRI), along with tax regulations, foreign exchange regulations significantly influence how they manage their India finances. Here, we will discuss 5 most important forex rules every NRI should be aware of. Any cross border monetary transaction either to or from India is governed by FEMA (Foreign Exchange Management Act) 1999. Here are the 5 most important FEMA regulations every NRI must know. Maintenance of bank account Once you become an NRI, you need to open bank accounts specified for NRIs. You can open an NRO account if your money’s end use is in India. Else, you can open an NRE account where funds are freely repatriable. The money is kept in rupees in both the accounts. You can open a FCNR (B) account to keep money in foreign currency. Financial investment options Except small savings or Public Provident Fund (PPF), NRIs either on repatriable or non-repatriable basis, are allowed to invest in almost all kinds of financial instruments without any limit. Acquisition and transfer of immovable properties NRIs and Persons of Indian Origin or PIOs (excluding those from some countries) can purchase immovable property except an agricultural land or plantation or farm house through foreign income or funds from India. Repatriation of current and immovable assets Repatriation of current income such as rent, dividend, interest, and so on, are freely allowed. However, there is ceiling on repatriation of other immovable asset as only the originally invested foreign fund can be repatriated. Remittances and maintenance for students Students as NRIs can receive funds up to US$ 10 lakh per financial year out of sale proceeds of immovable properties or from the balances maintained in their NRO account in India. Besides, they can receive an amount equivalent to US$ 2.5 lakh per financial year, for maintenance of close relatives under Liberalized Remittance Scheme. We hope you found this useful. What are the other topics related to foreign exchange for NRIs that you would like us to cover? Do share with us your suggestions in the comments section. For more such actionable personal finance information and regular uploads, subscribe to our channel. Also, visit our website, download our mobile app and stay connected with us on Instagram, Pinterest and Slideshare. Useful Links Facebook: https://www.facebook.com/fundoomoney/ Pinterest: https://in.pinterest.com/fundoomoney/ Twitter: https://twitter.com/FundooMoney Google+ : https://plus.google.com/u/0/+FundooMoneyWorld Sound Cloud: soundcloud.com/fundoomoney Slideshare: www.slideshare.net/FundooMoneyWorld Linked In: https://www.linkedin.com/company/fundoomoney
https://wn.com/5_Fema_Rules_An_Nri_Must_Know
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