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NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...- Budget 2026: Lower TCS on overseas tour package, education and medical purposesSignificant tax relief is on the horizon for overseas travel, education, and medical expenses. The government plans to slash the TCS rate o...
- Travelling abroad? Here’s why credit cards may be better than cash, forex cardsWhat about the risks associated with credit cards? The cards can be skimmed, for instance. Fortunately, credit card technology has moved to...
- Forex card vs credit card: Maximize savings on foreign trips by comparing TCS, charges & rewards on overseas spendsBefore travelling abroad, Indians face a complex choice, whether to opt for a forex card or a credit card. Debit cards are generally ruled ...
- Check it if going abroad: A new forex card with no charges for ATM withdrawal, forex currency conversion and its lifetime freeForex card: BookMyForex has launched an new single currency forex card which offers no charges for ATM withdrawals and forex currency conve...
- Attractive forex deals: BookMyForex claims to offer 'lowest forex rate', up to Rs 7,500 cashback, check detailsBookMyForex claims to offer exciting deals for international travellers. Its "Lowest Rate Guarantee" claims to refund double the difference...
- Forex deals for foreign travelers: Zero fee on small remittances for students, travel vouchers for UAE visitors on RuPay forex cardIndian students who are planning to study abroad and individuals traveling internationally for holidays can look forward to finding great d...
- BookMyForex rolls out zero fee remittance, bundled deals for Indian studentsBookMyForex has introduced a new offer for Indian students going abroad, effective from the start of the academic term. The "BookMyForex St...
- Forex card update: You can instantly load your forex card through this app during international trips; check detailsFacing a cash crunch while travelling? BookMyForex app offers a solution — you can instantly load your forex card. Simply log in, select yo...
- Will Budget 2024 reduce 20% TCS for taxpayers, levy TCS on credit card forex payments?Budget 2024: The industry wants the Finance Ministry to reconsider the decision of applying TCS at such a higher rate of 20%. The rate is e...
- Debit card or credit card: Which one should you use on international trip to save on forex, ATM charges, TCS?Debit card vs credit card: The first thing to keep in mind is that using a debit card means spending the money in your account. Credit card...
- Sending money abroad for education? Watch out for these errors to avoid 20% TCSThe higher rate of TCS will not apply to education expenses incurred abroad. But parents must be careful about the fine details of TCS whil...
- You have to pay more for foreign tour packages from July 1, 2023: How to book smartly to save betterIf you are buying a foreign tour package from a travel agent, you have to pay a tax collection at source (TCS) of 20% from July 1, 2023. Bu...
- Study abroad: How to minimise charges on foreign money transfersSince international payments aren't a one-time thing when you study abroad, you'll need a convenient, fast, and cost-effective method to tr...
- How new interbank forex card from BookMyForex cuts charges to the lowestInterbank forex rates are the rates at which banks deal with each other for currency exchange and is considered the true foreign exchange r...
- Freeze forex rate today to transfer money abroad and pay later service launchedCustomers can use the "Book now, Pay later" feature on the website or the BookMyForex app to lock in currency rates for up to three days.
- Study abroad: 4 ways to safeguard your foreign education budget from falling rupeeStudents can hedge the currency fall by carefully considering various options and choosing the right instrument considering their budget co...
- How tax will be collected at source from individuals on these transactions from Oct 1TCS will be levied on foreign remittances made through the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI) and for b...
- Why you should carry forex prepaid card instead of credit card while travelling abroadWhen you buy a forex card, you are being charged an issuance fee (which is the cost of the card). And, when you buy a credit card from a fi...
- I learnt value of processes and planning: Nitin Motwani, CTO and founder, BookMyForex.comMY BIGGEST ACHIEVEMENT at Cisco was to completely revamp the entire Cisco TelePresence Management user interface using a host of new UI tec...
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