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Kochi Startup ExTravelMoney.Com Aids Indian Students in Saving on International University Fees
New Delhi (India), February 4: Indian students who want to study abroad often face a number of challenges. For one, they have to contend with exorbitant tuition fees of universities abroad. Then there are the living expenses, which can be quite steep in countries like the United States, the United Kingdom, Canada and Australia. They also […]
New Delhi (India), February 4: Indian students who want to study abroad often face a number of challenges. For one, they have to contend with exorbitant tuition fees of universities abroad. Then there are the living expenses, which can be quite steep in countries like the United States, the United Kingdom, Canada and Australia. They also have to deal with the INR exchange rate fluctuations.
The Indian rupee has been on a roller coaster ride in recent years, making it difficult for students to budget their expenses abroad. Another issue is that many banks and money changers charge high margins on currency conversion for sending money to foreign countries. Nearly 5% of the money paid towards their university tuition fees goes to these financial institutions in the form of transaction charges. These factors put a dent on the wallet of Indian students, making it tougher for them to study abroad. With this in mind, a Kochi startup, ExTravelMoney.com, has stepped up to help Indian students save on their international university fee payments.
How Does ExTravelMoney Help Indian Students?
ExTravelMoney.com is an online platform that helps Indian students save money on their international university fee payment and other money transfer abroad needs. The platform allows students to compare exchange rates offered by various RBI licenced banks and forex dealers in their network, thus enabling them to get the best deals on their money transfers abroad. By comparing the exchange rates and total cost, including service fees and tax charges, they can make an informed decision. This can lead to significant savings, as the platform is able to negotiate better rates for students compared to what they would get if they went directly to a bank or money changer.
