Study Abroad Forex – Secure & Hassle-Free Foreign Exchange for Students
Pursuing education abroad is a life-changing opportunity, but managing foreign exchange can be overwhelming. Mannoorans Forex simplifies the process, providing the most reliable and RBI-compliant forex services for students, ensuring a smooth financial transition.
Why Choose Mannoorans Forex for Study Abroad Forex?
✅ Competitive Exchange Rates – No hidden charges, real-time forex updates
✅ 100% RBI-Compliant Transactions – Hassle-free documentation process
✅ Multi-Currency Student Forex Cards – Easy reload options with best rates
✅ Fast & Secure International Transfers – Swift transactions for tuition and accommodation payments
✅ Dedicated Student Forex Experts – Personalized assistance for all your forex needs
RBI Guidelines for Study Abroad Forex
As per the Reserve Bank of India (RBI), students can avail foreign exchange up to USD 100,000 per academic year for educational expenses, including tuition fees, accommodation, books, and living costs.
Eligibility for Study Abroad Forex
✔️ Indian residents with confirmed admission in an overseas university or educational institution
✔️ Students holding foreign passports but financially dependent on resident Indian parents
Quantum of Exchange
🔹Up to USD 100,000 per academic year
🔹 Exchange can be released in travellers’ cheques, demand drafts, TT (telegraphic transfer), and prepaid forex cards
🔹 Maximum cash currency component of USD 3,000 per visit
FAQs
USD 100,000 per academic year, as per RBI guidelines.
You can pay through wire transfers (TT) or use a prepaid forex card.
Yes, but the maximum cash limit is USD 3,000 per visit.
Yes, a valid student visa and university admission letter are required.