Overview: LRS for Education
Under RBI's Liberalised Remittance Scheme (LRS), Indian residents can remit up to USD 2,50,000 per financial year for overseas education. This covers tuition fees, accommodation, living expenses, and any other education-related payments.
Documents You Need
- Valid Passport (student's)
- PAN Card (mandatory for remittances)
- University offer letter / admission letter
- Fee demand letter from the university
- Forex Request Form (Form A2 — we assist with this)
- Educational loan sanction letter (if applicable — gets lower TCS of 0.5%)
Step-by-Step Process
- Contact us with the amount and currency needed
- Get a rate quote — we'll beat your bank's rate
- Submit KYC documents via WhatsApp or in person
- Make payment via NEFT/RTGS/UPI
- We process the transfer — arrives in 1–2 business days
- Receive confirmation with SWIFT receipt
Why Use Best Deal Forex Instead of Your Bank?
Banks typically charge 1–3% over the interbank rate plus fixed fees. On a ₹50 lakh university fee payment, that's ₹50,000–₹1,50,000 extra. We offer rates much closer to the interbank rate — saving you significantly on every remittance.
Need Expert Forex Help?
Our team answers all queries — rates, documents, remittance — within 2 hours.