Here is how you can save money while studying abroad (1)

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Here is how you can save money while studying
abroad!!
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IS your Son or Daughter studying abroad in the
USA? How do you send them money? Do you rush to
your nearest bank? But since when did banks offer
reasonable foreign exchange rates? Not just
exchange rates, they add markups like transfer
charges etc.
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We chose the New York University Stern School of
Business and their Masters Degree in Business
Programmed. The fee for the degree is USD
70,800. Lets now find out the most
cost-effective way to transfer money from India
considering the criteria listed below. (As of 30
Jan 2017)
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INR Exchange Amount  The exchange rate provided
for a foreign currency  Fixed Exchange Rate
Duration  The timeframe during which the
exchange rate is valid till you complete the
payment Beneficiary Flexibility  Money can be
transferred abroad to either university or
personal accounts
1 BookMyForex.com 1 BookMyForex.com 1 BookMyForex.com 1 BookMyForex.com

Company INR Exchange Timeframe Beneficiary Flexibility
BookMyForex 48,25,728.52 3 days Personal University Account

 2 Western Union Flywire  2 Western Union Flywire  2 Western Union Flywire  2 Western Union Flywire

Company INR Exchange Timeframe Beneficiary Flexibility
Western Union 49,43,256.00 3 days Only University Account
Flywire  48,90,921.00 3 days Only University Account
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Note If you used Western Union GlobalPay instead
of BookMyForex to send 70,800 to the US, youd
pay INR 1,17,527.48 more. Also, you can only
transfer to the university account. Note If
youre curious, exchanging 70,800 to the US with
FlyWire would cost you a whopping INR 65,192.48
more than if youd used BookMyForex. The money
can only be transferred to the university account.
3 HDFC and ICICI Bank 3 HDFC and ICICI Bank 3 HDFC and ICICI Bank 3 HDFC and ICICI Bank

Bank INR Exchange Timeframe Beneficiary Flexibility
HDFC 48,96,528.00 Not Available Personal/University Account
ICICI 49,22,016.00 Not Available Personal/University Account
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Note To send 70,800 to the US with the HDFC
Bank will cost you INR 70,800 more than if youd
used BookMyForex. Also, there is no provision to
fix your exchange rate for 3 days before you
complete the payment. Note The transfer of
70,800 to the US with ICICI Bank would
cost INR 96,287.48 more than if youd used
BookMyForex. You cannot fix the exchange rate for
3 days before you make the complete payment.
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Start saving money by making your international
money transfer from India with BookMyForex, try
it out today!
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Thanks for your time!