Sending Money To Your Child Studying Abroad
What you must know about sending money to child studying abroad or remittance to child studying abroad FundooMoney website: www.fundoomoney.com NRVESTIN website: http://www.nrvestin.com/ NRVESTIN Facebook: / nrvestin Subscribe: / @fundoomoney Visit YouTube channel: / fundoomoney Share Video: • Sending Money To Your Child Studying ... Watch video "5 FEMA Rules An NRI Must Know" • 5 FEMA Rules An NRI Must Know Watch video "5 Things For NRIs Choosing the Right Remittance Option": • 5 Things For NRIs Choosing the Right ... Watch video "Funding And Repatriation of NRE and NRO Accounts Explained" • Funding And Repatriation of NRE and N... Playlist "NRI Forex, Sending Money To India & Transfer Money From India To Abroad": • NRI Forex, Sending Money To India & T... Edited Highlights 00:00 Chapter 1 Introduction 0:30 What are the various things you need to keep in mind while sending money to your child studying abroad? 2:38 What are the main things that an India resident parent needs to do while sending money to his or her child abroad? 3:05 Chapter 2 Sending Money To Your Child Studying Abroad 3:06 Currently, there is a fairly liberalised foreign exchange dispensation for sending money to children studying abroad 3:21 Under the Liberalized Remittance Scheme (LRS), every resident Indian is allowed to repatriate US$250,000 per year 3:32 This could be used for child's education overseas 3:39 Otherwise, specifically for education purposes RBI allows US $100,000 to be remitted per year 3:53 Now, this could be used for maintenance and sustenance of the child when overseas 4:04 The moment an Indian student takes admission abroad, in the Indian context, is a non resident Indian 4:29 An NRI bank account can be opened before the child heads overseas 4:33 All the facilities that an NRI is entitled to, can be availed by your child when studying abroad 5:00 You can also remit US$ 5,000 to a close relative abroad Useful Links Facebook: / fundoomoney Pinterest: / fundoomoney Twitter: / fundoomoney Sound Cloud: soundcloud.com/fundoomoney Slideshare: www.slideshare.net/FundooMoneyWorld LinkedIn: / fundoomoney
