Author: Mani Karthik
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Transaction Reference Number (TRN) Explained
Hey there! Mani here. Let me tell you about something that saved me from a major headache when I was tracking an urgent money transfer to India – the Transaction Reference Number (TRN). According to the European Central Bank, this little alphanumeric code is like a digital fingerprint for your money, making sure it doesn’t…
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Purpose Codes Decoded: A Simple Guide for Your International Money Transfers
Hey there! Mani here. Remember the first time you tried sending money to India and got stuck at that “purpose code” field? Yeah, I’ve been there too! After years of sending money back home and helping other NRIs navigate this maze, I’ve put together this simple guide to make your life easier. 💡 Tip: Save…
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NRI PPF Account Changes: An NRI’s Guide
Hey there! Mani here. Having been through the NRI journey myself, I know how confusing it can be to keep track of all the financial rules back home. Today, let’s talk about something that’s causing quite a buzz – the new PPF regulations for NRIs coming in 2024! 💡 Tip: Mark October 1, 2024, in…
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How to Avoid TCS on Remittances: Complete Guide
Hey there! Mani here. When the Indian government announced the 20% TCS on foreign remittances, my WhatsApp was flooded with messages from worried NRIs. After helping numerous people navigate this new rule, I’ve put together this comprehensive guide on how to minimize your TCS burden legally. Understanding Foreign Remittance TCS: The New Rules First, let’s…
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Remitly vs Wise: Rates Comparison, Review – Full Guide
Hey there! Mani here. After years of helping NRIs send money back home, I’ve become quite familiar with both Remitly and Wise. Let me break down everything you need to know about these two popular money transfer services. Picture these two as the Amazon and Flipkart of international money transfers – each with its own…
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OCI Card for NRIs: The Complete Guide (2024)
Hey there! Mani here. After helping countless NRIs navigate their journey with OCI cards, I’ve put together this comprehensive guide to help you understand everything about this valuable document. What is OCI Card The Overseas Citizenship of India (OCI) card is essentially your lifetime connection to India, offering multiple-entry visa benefits and various privileges that…
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Person of Indian Origin (PIO) Card for NRIs – Complete Guide
Hey there! Mani here. If you’ve been following the changes in overseas Indian documentation, you know there’s been quite a shift from PIO to OCI cards. As someone who’s helped numerous people navigate this transition, let me break down everything you need to know about these important documents. The Evolution: From PIO to OCI Remember…
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What is SWIFT : Full Form, Meaning – NRI’s Guide
Hey there! Mani here. Remember the last time you sent money abroad and the bank asked for a “SWIFT code”? If you were like me, you probably wondered what this mysterious code was all about. After years of dealing with international transfers and helping others navigate the global banking system, let me break down everything…
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Cost of Living in US: What Indians Need to Know
Hey there! Mani here. When I first moved to the US, the biggest shock wasn’t the culture or the weather – it was seeing the prices! “$15 for a basic thali?” I remember thinking. After years of helping Indian students and professionals plan their move to the US, I’ve learned exactly what costs to expect…
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Who is a Beneficiary in Money Transfer? Guide for NRIs
Hey there! Mani here. During my years of helping NRIs navigate international money transfers, one question keeps popping up: “What exactly is a beneficiary, and why is it so important to get the details right?” Let me break this down for you in simple terms, sharing what I’ve learned from both personal experience and helping…