The number of students approaching abroad study is increasing since the career opportunities in foreign countries like Canada and Australia are rising. More scholarship programs are encouraging Indian students to enroll in different colleges abroad in different engaging courses. As a result, the sector of currency exchange in Kolkata is earning productive responses and booming. Especially, customers of international money remittances in Kolkata have increased fairly in the past years. Many guardians feel skeptical when it comes to sending tuition fees overseas through any third-party involvement. Unfortunately, there is no other left than sending the amount through electronic media. Due to a lack of awareness of the current market situation and the increasing number of frauds and scammers in the money remittance business, many have already lost a fair amount of money. 

What is the best way to send tuition fees abroad?

The best way to send money as tuition fees to your near and dear ones studying abroad is through an international wire transfer. Wire transfer is the safest and the fastest way to send money abroad. If done through the right and reliable remittance companies, then international wire transfers can even be sent within 24 hours. 

How tuition fees are sent through international wire transfer?

International wire transfer is an electronic way of sending money from the sender to the right recipient. In this case, the sender needs to fillup an online form that takes hardly a minute. The form demands the sender’s name, bank address, account number, and amount to be transferred along with the name, bank address, home address, and account details of the recipient. Once the transaction has been completed, the remittance company hands over the amount to the beneficiary banks, who are appointed to forward the amount to the recipient’s bank account. By any chance, if the amount is stuck or canceled due to any unavoidable circumstances, then the remittance providing company is responsible for providing a refund. The beneficiary banks are held responsible too for sharing the information right away. 

Which company is currently the best option for sending tuition fees abroad?

Money remittance should always be done through an RBI registered forex company. However, one can also choose a bank but in that case, the charges might seem unaffordable. Currently, RRSB Forex is the most trusted premium platform for doing international money transfers. Their system takes 24 hours to send the money if the transaction is done within their mentioned timeline. Besides they are an RBI authorized company for currency exchange in Kolkata. Check their website and go through the customer-friendly forex services.