What Is a Currency Forward Contract? A currency forward contract can be defined as buying or selling a specific currency at a specified future price for delivery on a specified future date. Who Can Book a Currency Forward Contract? Any importer or exporter having...
Traveling Abroad? Here's How Much Foreign Currency You Can Take Planning a trip abroad? Whether it's a family vacation, a business meeting, or studies, there are limits on how much foreign currency you can take with you from India. This guide will outline the...
The tax collected at source (TCS) on remitting money abroad under a liberalized remittance scheme (LRS) What is TCS? - Tax Collected at source is the excess amount collected in the form of tax by the seller of goods from the buyer at the time of selling of goods over...
In today's interconnected global economy, staying updated with live currency exchange rates is paramount, especially when dealing with the ever-fluctuating dynamics between the US dollar and the Indian rupee. For those seeking real-time insights into the dollar to...
Non-resident Indians (NRI) are individuals who are of Indian origin and are living abroad. An NRI is a person who has lived outside India for more than 182 days in a financial year or who has left India with the intention of residing outside the country for an...
In today’s global economy, international trade has become a vital component of many businesses. Whether you are an importer or an exporter, you need to be familiar with the unique codes that are used to identify your business and the goods you are trading. In this...
As India continues to grow and develop, more and more people are exploring opportunities to live, work, and invest in the country. However, with different types of visas, residency statuses, and investment options available, it can be challenging to navigate the...
These days, many Institutions worldwide are accepting payments through FLYWIRE and have made It compulsory. Flywire is headquartered in Boston, Massachusetts, United States and is a payments enablement and software firm with the purpose to execute the most significant...
E-BRC- A digital proof of completion of export E-BRC (Electronic-Bank Realizations Certificate) is a certification for all export businesses. Banks issue this as a confirmation to the exporters for goods they have shipped and payments they have received from...
WUBS now have commonly known as Convera. It was formerly known as Western Union Business Solutions. It is the largest non-bank B2B Cross-border payments company in the world. They offer better money moves to their customers, enabling them to generate greater...
Selecting the best service provider is essential when it comes to managing your foreign exchange needs. Despite the abundance of choices, it is imperative to use money exchangers approved by the RBI to guarantee secure, legitimate, and transparent transactions. There...
Investing in companies or assets outside of India is known as overseas direct investment. Overseas Direct Investment (ODI) allows Indian residents, including individuals, firms, and companies, to invest in foreign businesses or projects. What is the limit of ODI...
Introduction Explore the world with ease as Indian passport holders enjoy access to a variety of Indian Passport Visa Free Countries and Visa on arrival countries for Indians. Discover the growing list of E Visa countries for Indian passport holders and stay updated...