Blog
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Sending Money Abroad from India : Complete Guide
TLDR: Quick Guide to International Money Transfers from India Hey busy folks! Here’s what you absolutely need to know about sending money abroad from India: For Resident Indians: For NRIs: 💡 Quick Decision Tip: Use digital platforms like Money2World for smaller transfers and branch services for larger amounts. Want the full scoop? Keep reading below!…
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New Tax Regime Slabs for NRIs: Complete Breakdown💰
After spending a decade abroad and helping countless NRIs navigate the tax maze (and making every possible mistake myself!), let me break down India’s NRI taxation system in simple terms. Quick Takeaways for Busy NRIs 📝 Before we dive deep, here’s what you really need to know: Plan your taxes with NRI banking New Tax…
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Xoom vs Remitly: Which Is Better for Sending Money to India?
Hey there! Mani here. Let me break down everything about these two popular money transfer services in a way that makes perfect sense. This guide will help you choose the right service for sending money back home. Understanding International Money Transfer Services International remittance services have become increasingly important in our connected world, especially for…
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Transaction Reference Number (TRN) for NRIs: Complete Guide
If you’ve ever sent money to India and wondered whether it actually reached, you’re not alone. That moment of doubt – “Did the transfer go through?” – is something every NRI experiences. The answer to that question often lies in one simple thing: your Transaction Reference Number. Let me explain everything you need to know…
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Purpose Codes Decoded: NRI’s Guide for Money Transfers
If you’ve ever sent money to India or received it from abroad, you’ve probably seen a dropdown asking you to select a “Purpose Code.” Most people just pick something that sounds right. That’s a mistake. Purpose codes aren’t just bureaucratic formalities. They determine how fast your money moves, how much tax you pay, and whether…
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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
When the government announced the 20% TCS on foreign remittances, my phone didn’t stop buzzing for a week. Parents sending money to kids studying abroad, NRIs trying to invest in India, families supporting relatives overseas – everyone was worried. “Mani, does this mean I lose 20% of my money?” No, you don’t. But I understand…
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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…