Скачать или смотреть Sending Money To Your Child Studying Abroad

Sending Money To Your Child Studying Abroad

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Описание к видео Sending Money To Your Child Studying Abroad

What you must know about sending money to child studying abroad or remittance to child studying abroad
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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

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