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SUDARSHAN MOTWANI CEO
3.5% remittance tax: Sending money from US to India to upset manyAn upcoming US bill imposes a 3.5% tax on remittances sent by non-citizens, impacting Indians who are a significant portion of the US immig...- 'Big Beautiful Bill' a nasty deal for NRIs sending cash homeA proposed US bill, dubbed 'One Big Beautiful Bill,' could impose a 3.5% tax on remittances sent abroad by non-citizens, significantly impa...
- 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...
- 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...
- 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...
- Go First partners with BookMyForex to provide foreign exchange services to international flyers"We are pleased to partner with BookMyForex, we believe that this partnership will elevate and ease the travelling experience of internatio...
- 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...
- TripMoney, MakeMyTrip’s fintech arm, buys majority stake in foreign exchange services provider, BookMyForexThe company said private equity firm Faering Capital as well as founders and promoters - Nitin Motwani and Sudarshan Motwani will continue ...
- 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...
- 6 insurance covers you can get on your forex card while travelling abroadIf you miss or fail to take a connecting international flight of an international airline due to delay in the arrival of another internatio...
- Money changers ask RBI to direct PSU banks to buy forex from them“The pandemic will hit us for a minimum of eight months. No one will travel to the US and Europe as they are severely hit. People will avoi...
- BookMyForex ties up with YES Bank, Visa to launch forex cardBookMyForex is also offering new age contactless cards to allow users to pay through the ‘tap and go’ feature.
- 4 ways students can carry money abroadThere are several efficient ways with which students can carry out monetary transactions abroad. Pick what suits you best.
- How to get best foreign exchange deal when planning a tripThe exchange rates vary from bank to bank. Also, in case of forex cards, the fees and charges will vary across service providers.
- Holiday in Europe or MBA in US? Just get the best forex dealThese differences in rates and charges can be even more important if you are going for the long-haul: studying abroad for example.
- Do you have it in you to launch a startup? Find outFinally, success is rarely about college grades or a high IQ. “If just smarts were enough to be successful, we’d have a lot more successes.
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