<p>Confused about making an international money transfer? Don’t worry! You aren’t alone. With various services, security concerns, and unclear fee structures, international money transfers can seem very complicated. Sending money overseas can be a cakewalk if you choose the right service provider.&nbsp;</p><p>Here is a quick detailed guide for you to find out everything you need to know about remittance services. It details the different options to transfer money internationally and then explains what to look out for in terms of security, costs, ease of use, speed, and more. You can use sites like xe.com&nbsp;</p><h2><strong>What are the different Ways to Send Money Abroad ?</strong></h2><p>In case you aren’t aware of all the options available, have a look at the list below-&nbsp;</p><ol><li><strong>International money order:</strong> In early times, money orders were the preferred method to transfer money. In this, you need to deposit the amount into your bank account and apply. The amount can be cashed at any check cashing location.</li><li><strong>Bank Drafts</strong>: This is a preferred way to transfer money abroad as it is inexpensive and safe. Bank drafts are available at the banks and you can buy one in the currency of the location you’re sending the money to. The only drawback in this method is that it can take a longer duration to get processed in comparison to other transfer options.</li><li><strong>Online money transfer</strong>: This is an easy and convenient process. It requires details like account holder’s information, destination bank’s details, etc. However, you may be charged a high convenience fee in this process so choose the right service provider and avoid being looted. Some companies offering this service are moneyHOP, Transferwise etc</li></ol><p><strong>Read more: </strong><a href="https://www.moneyhop.co/blog/5-best-ways-to-send-money-abroad/"><strong>5 best ways to send money abroad</strong></a></p><h3><strong>How to find the Best Exchange Rates?</strong></h3><h4>&nbsp;</h4><h4><strong>Do’s</strong></h4><ol><li><strong>Use non-bank exchange services:</strong> Providers like moneyHOP and Transferwise offer online money transfer services and give competitive exchange rates and low margins. When sending money overseas, these companies typically charge lower fees than traditional banks.<br>&nbsp;</li><li><strong>Convert cash when exchange rates are favorable:</strong> If you know you need to make an international transfer or that you will be traveling overseas, then try to exchange your cash when rates are favorable to you. Conversion should be carried out at an exchange provider that charges low fees and has a competitive rate.&nbsp;<strong>&nbsp;</strong></li></ol><p><strong>Dont's&nbsp;</strong></p><ol><li><strong>Exchange money at railway stations or airports: </strong>Although such booths may be convenient, they always offer high exchange rates. They also charge a high amount of convenience fee for every transaction.</li><li><strong>Use a credit or debit card abroad: </strong>Don’t pay using your debit or credit card in an abroad location. Unless you know for sure you must be getting charged heavily for using it abroad and must be getting offered poor exchange rates</li><li><strong>Exchange money on weekends</strong>: Exchanging money on weekends is not favorable as forex markets are closed and to not be in loss in any way when transferring money banks levy a higher exchange rate. Thus exchanging money on weekends is not favorable at all.</li></ol><p><strong>Read more: </strong><a href="https://www.moneyhop.co/blog/save-money-with-these-international-money-transfer-tips/">Save money with these international money transfer tips</a></p><h3><strong>What are the best platforms to transfer money overseas?</strong></h3><p>&nbsp;</p><h4><strong>moneyHOP</strong></h4><p><a href="http://moneyhop.co/">moneyHOP</a> is India’s first full-stack cross-border Neobank. Its international remittance platform ‘HOPRemit’ provides a fast, secure, paperless and cost-effective option to send money abroad. They provide one of the market's most competitive rates, which means you can transfer money abroad at near-live exchange rates.&nbsp; Also unlike other international money transfer players, moneyHOP doesn’t levy high exchange fees. This significantly reduces the transaction costs of sending money abroad. After receiving the funds, the wire transfer instructions get processed immediately and money gets credited to the recipient’s bank account in 48 hours.&nbsp;</p><p>The entire process is digital. Users create an account on HOPRemit portal and are onboarded through digital KYC. They can then enter the beneficiary account details and make the payment using an integrated payment gateway like UPI, net banking, debit cards, etc. You can also check the status of the transaction just by logging in.&nbsp;</p><p><strong>Read more:</strong>&nbsp;<strong> </strong><a href="https://moneyhop.co/blog/send-money-abroad-via-moneyhop/"><strong>How to send money via moneyHOP?</strong></a></p><p>While a typical remittance process involves making multiple visits to banks, a long documentation process, and high fees, HOPRemit can simply send money abroad with a few clicks at the best exchange rates.</p><h4><strong>Western Union</strong></h4><p>Western Union has been one of the oldest ways to transfer money abroad after banks. They are popular as they have been in the market the longest. You can either use the website, or their app or visit their brick-and-mortar locations for sending money abroad. They have branches in most parts of India and offer a local withdrawal option.&nbsp;</p><p>If you have to send more than USD 5000 you need to make your transfer through their OnlineFX website. Western Union may sound convenient, but one should keep in mind that the transfers take varying amounts of time, even a week in a few cases. Also paying online instead of their physical location changes the transfer limits and timings. Also, Western Union isn’t recommended if you have to transfer small amounts of money as their fee is dependent on both destination and amount.&nbsp;</p><h4><strong>TransferWise&nbsp;</strong></h4><p>TransferWise is a fintech company that enables international money transfers to several countries. It promises transfers at real-time exchange rates with no markups. You’ll need to pay a certain fee for the transfer and the money is remitted to the recipient’s bank account within a couple of days. TransferWise is a better option than banks.&nbsp;</p><p>TransferWise is a better option than banks as their system is based on local bank account transfers. But they charge a fee between 1.99% and 4.42% for every transaction, depending on where and how much money you are sending. Their minimum remittance amount from India is Rs. 20,000. They charge some markups on the final amount and also do not guarantee to be the cheapest way to transfer money abroad.</p><h3><strong>Frequently Asked Questions&nbsp;</strong></h3><p><strong>How to send money abroad from India?&nbsp;</strong></p><p>A. There are multiple ways you can use to send money abroad but digital mediums like HOPRemit provide transparent fast, secure, paperless and cost-effective services.&nbsp;</p><p><strong>2. Where to check which exchange rate is best?&nbsp;</strong></p><p><strong>A. </strong>You can check live exchange rates on xe.com. Remittance services like HOPRemit provide the most competitive rates in the market.&nbsp;</p><p>3. <strong>How to transfer money abroad without charges?&nbsp;</strong></p><p><strong>A. </strong>Choose the remittance service providers carefully. Even if the exchange rate is low a lot of companies charge high convenience and transfer charges.&nbsp;</p><p><strong>4. Which is the best day to exchange money&nbsp;</strong></p><p>A. There is no specific weekday when you should convert currency. Just keep in mind that you don’t exchange currency on bank holidays or weekends as exchange rates are set high by banks on such days to protect themselves from fluctuating currency rates when the market reopens.&nbsp;</p>

Learn different ways to send money abroad and which way is the most affordable, cheap and hassle-free to use. 

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Feeling Doubtful! Learn Best Ways To Send Money Abroad.

<p>The domestic payments sector in India has done wonders in terms of growth with a plethora of products and services available. But when it comes to sending and spending money internationally there aren’t a lot of user-friendly options available. Either one uses their international debit/credit cards which have a high convenience fee and ATM withdrawal fee or one uses options like Forex card which they have to load every time they go abroad. The last option is carrying cash which also is not very convenient in the digital-first world.&nbsp;</p><p>In this article, I’m going to draw a comparison between Forex cards and HOPCard by moneyHOP. <a href="https://www.moneyhop.co/">moneyHOP</a> is India’s first completely digital cross-border neobank. HOPCard is a Forex+Debit card powered by Visa which can be used in over 180 countries.&nbsp;</p><p>Let’s draw a comparison between HOPCard and Forex card for your understanding</p><h3><strong>Various fees on forex card&nbsp;</strong></h3><p>Forex cards charge you for almost all the services they provide-&nbsp;</p><h4><strong>Issuance fee&nbsp;</strong></h4><p>All forex cards have issuance fees ranging from INR 125 to INR 3000 depending on the bank and variant of the card.&nbsp;</p><h4><strong>ATM charges</strong></h4><p>If a person withdraws cash from an ATM, nearly all forex cards will charge you USD 2 equivalent or a certain percentage of the withdrawn amount. This excludes the cash withdrawal fee levied by ATMs in a&nbsp; foreign location.</p><h4><strong>Cross Currency Charges&nbsp;</strong></h4><p>This charge is levied when a forex card is used to make a payment in another currency. Let’s just say someone uses a USD forex card and makes a payment of 100 Euros, then they will be charged USD equivalent to 100 Euros with 3.5% charges for converting the currency. Also, government charges are added too&nbsp;</p><h3><strong>How does HOPCard work?</strong></h3><p>HOPCard is a Debit+Forex card powered by Visa linked to a multicurrency bank account which can be accessed via your phone on HOPApp. moneyHOP offers the card as a prepaid debit+forex card and opens a bank account with SBM bank. But you don’t have to visit the bank for any services, instead, all the services concerning transactions and card controls can be accessed via HOPApp. So let’s just say that if you swipe the card somewhere in the UK, you will only be charged GBP/INR rate and no extra convenience fee. You will also have access to different currency wallets. At present&nbsp;</p><p>Therefore, it is your account where you transfer the money in INRs and can swipe it anywhere in the world. So, let us just say if one happens to swipe the card in Singapore; you will be only charged SGD/INR. Later on, if one happens to swipe the card in Japan, you will be charged JPY/INR rate. There are no cross-currency charges too. One can also use the card in India as a debit card on any PoS machine. The same card can be used for online transactions too; this is useful in scenarios where one needs to book in foreign currency ahead of travel.</p><h3><strong>Some Pros of HOPCard-&nbsp;</strong></h3><ul><li>No joining fee as of now.</li><li>No charges on adding or withdrawing INR</li><li>No currency conversion charges, cross currency conversion or hidden charges.</li><li>Acceptance in more than 180 countries</li><li>Works as both Debit and Forex cards.</li><li>Mobile app HOPApp to manage the card. One can easily track expenses, transfer money, block/unblock cards, etc through the app itself.</li><li>Multicurrency wallets to save from exchange rate volatility.</li></ul><h3><strong>Way Forward</strong></h3><p>As mentioned earlier, the major benefit of prepaid forex cards is the ability to lock your forex rate beforehand. However, HOPcard’s different currency wallets can also be used in a similar fashion. Also, you don’t have to worry about unloading the card once you return back from your international trip. With Forex cards one falls into the lure of saving on foreign exchange fluctuations and thus ends up spending a lot more on fees and other charges.&nbsp;</p>

When travelling abroad Forex card seems like the best choice for all the international transactions. But are there better alternatives available. Read to find out. 

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Forex Card Vs. HOPCard: Which one to choose for International Trip

<p>The world can be traveled in 80 days or that’s what some literary legend once said. With technology and innovation, the world has definitely become a small place. The world is growing not just in terms of technological advancements but also innumerable opportunities opening everywhere. Settling down to a new country for personal or professional reasons can seem like a daunting task, however, someone rightly said, you miss 100% of the chances you don’t take.&nbsp;</p><p>The concept of permanent residency arose from the simple need to do with the continuous renewal of a Visa, especially when an individual has planned to settle down in foreign land owing to the various opportunities for individual growth and development. Permanent residency is a solution for doing away with the taxing processes of Visa renewal again and again. The USA does have an efficient system of giving permanent residency through their green card program, however, barriers to this arise in various criteria that Indians have to fulfill in order to achieve one.&nbsp;</p><p>So which countries do give easy permanent residency?&nbsp;</p><p>Here is a list of countries that provide easy permanent residency for Indians-&nbsp;<br>&nbsp;</p><h3><strong>Canada&nbsp;</strong></h3><p>Canada’s immigration system is one of the most efficient systems globally. You can immigrate there in several ways. ‘Express entry’ is one of the most popular immigration programs in the world. It was launched in 2015 and is said to be one of the world's most popular immigration programs. It was the first of its kind to use the point-based system to assess the eligibility of a person seeking to immigrate to Canada. A minimum of 65 points are needed to create an express entry profile. One can also use Quebec Skilled Worker Program (QSWP) if they have the necessary training and experience to get a job in the country then they can choose to apply. The QSWP is a points-based system similar to Express Entry System.&nbsp;</p><h3><strong>Australia&nbsp;</strong></h3><p>Australia is the magnificent land of kangaroos and koalas, an excellent place to settle down. The country offers an easy set of regulations for permanent residency to those who apply. This country doesn’t only have a high standard of education and living but also the job prospects are good in the country.&nbsp;</p><p>Despite being a relatively expensive place to live, the average salary makes up for this. All this combined makes Australia the best and easiest country to immigrate to. Adelaide, Melbourne, and Perth are three of the world’s most livable cities; but Australia is also popular for its wide-open spaces, great weather, and remarkable beaches.</p><p>However, note that the country seldom issues resident visas to people aged over 45. Plus, fluency in English helps a lot in getting PR. Skilled applicants are likely to get accepted. However, much like in New Zealand, another way in is via job offers in hard-to-fill positions in the agricultural sector. You won’t start at the top of the rung, but it’s a good option if you don’t mind manual labor.</p><h3><strong>New Zealand&nbsp;</strong></h3><p>New Zealand is one of the most immigrant-friendly countries for international students to have a perfect study abroad experience. The ever-growing job market and cultural vibrance make it easy for more students to enter the country. &nbsp;New Zealand is one of the most immigrant-friendly countries for international students to have a perfect study abroad experience. The culturally vibrant country and its ever-growing job market make it easy for more students to enter New Zealand and benefit from its excellent education system. The country also offers various types of immigration visas, such as the New Zealand Visitor Visa, New Zealand Student Visa, New Zealand Work Visa, and New Zealand Resident Visa. Post-graduation work permits and permanent residency facilities are offered to deserving applicants. In addition, international students can get a Qualified Migrant Category Resident Visa for permanent residence.<br>&nbsp;</p><h3><strong>Singapore&nbsp;</strong></h3><p>Getting a permanent residency in Singapore is highly sought after, as Singapore is one of the most developed and secure countries in the world. In Singapore, permanent residency is categorized into 3 different schemes. The most common route to get permanent residency is through the Professionals/ Technical Personnel and Skilled Worker Scheme (PTS)th. This is for foreign professionals who are already living and working in Singapore.</p><p>The other two ways are through the Global Investor Programme (GIP) – aimed at foreign individuals who can invest $2.5 million into the Singapore economy, or the Foreign Artistic Scheme – for acclaimed artists in fields such as photography, and dance, music, theatre, literature or film.</p><h3><strong>Germany</strong>&nbsp;</h3><p>Germany is a relatively easy country to move to because of its Skilled Workers Immigration Act and its different visa opportunities. The Migration Act for skilled individuals makes the moving process more straightforward and quick. Firstly, you can receive a permit for six months to find work in Germany, and afterward, you can apply for a work permit depending on your visa type. After that, you can stay for up to four years under a temporary residence permit, and if you meet all the requirements, you can apply for citizenship.</p><h3><strong>Denmark&nbsp;</strong></h3><p>The best thing about immigrating to Denmark is, that it offers immediate work and resident permits to applicants through the Positive List Scheme, which lists the jobs with a shortage of workers in various industries, including engineering, academia, education, information technology, healthcare, and medicine.&nbsp;</p><p>Another work-related immigration program is the Pay Limit Scheme for people with job offers from Danish companies, with salaries under the specified rates. The initial residence and work permits are valid for four years, which can be extended if the employment in the same job is continuous. In both schemes, family members, such as spouses or partners and children under 18 years who still live with the applicant, are eligible for residence permits. Likewise, the spouse is allowed to work during the same period.&nbsp;</p><h3><strong>Way Forward</strong></h3><p>Living abroad is definitely exciting but at the same time can be tricky in terms of managing different currencies and tackling the constantly changing exchange rates by banks when remitting money from your own country. We have a solution for you for this problem. You can use HOPApp by <a href="https://www.moneyhop.co/">moneyHOP</a> as your multicurrency bank account. You can find the application on the Google play store and the iOS app store. The card associated with the account is a Debit+Forex card which has no hidden markups when you withdraw money from international ATMs. The best part is that the card can be used in 180+ countries. Do proper research and make your decision accordingly.&nbsp;<br>Ciao!</p>

Getting permanent residency in a new country can be difficult. Here are some sought after countries with easy PR process. 

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6 Countries Where Indians Can Easily Get Permanent Residency

<p>As the number of students leaving the country to pursue higher education increases, the question of which country to move to becomes extremely important. While choosing a destination to pursue higher studies, there are a number of factors to keep in mind to find a place most suitable with respect to opportunities and safety. The number of options available these days is huge thus it is imperative to find the most suitable destination for yourself as you’ll be on your own for the duration of your study.&nbsp;</p><p>Listed below are some important factors for you to consider when deciding where to study abroad-&nbsp;</p><h3><strong>Location&nbsp;</strong></h3><p>An important factor to consider when deciding to study abroad is the location. A student must be certain about the location he/she wants to study in. It is important to choose a location that is well suited to what a student is going to pursue. For instance, pursuing computer science in San Francisco is a good idea as it is a hub of the information technology industry. It will be helpful if you research the location thoroughly and contact students studying there to inquire about the course, accommodation and overall culture of the place.&nbsp;</p><h3><strong>Language&nbsp;</strong></h3><p>A very essential point to consider when selecting a destination to study is the language. This is because a lot of your interactions during the course will be with local people and not knowing the local language can make life difficult in certain destinations. As English is the most widely spoken language in the world, in most countries it should suffice. If a person is going to a non-English speaking country, it is important to learn a few basic phrases in the local language beforehand. It will help the individual integrate into a new country and culture.&nbsp;</p><h3><strong>Employability</strong></h3><p>You must have a good career and opportunities ahead of you when you are studying overseas away from home. Making sure that the country you are going to does have opportunities for the career that you have chosen is a good idea. Thus if the student has a desire to live and work in a country where he/she has completed the course, the job market will be available for him/her. It is also important to check how employable a person will be after the completion of the course in that country.&nbsp;</p><h3><strong>Finance&nbsp;</strong></h3><p>A major factor to consider when taking the decision to study abroad is the cost of the course. A large number of students don’t go abroad because of the cost of the course. There are a plethora of financial aid options available to students aspiring to study abroad and there are several scholarship programs that universities offer to help promising students who have shown meritorious performance in the past. But there are a lot of costs associated with living abroad other than your tuition fee, and with the high exchange rate in most countries like US, UK, etc. each penny should be spent wisely. To save up on convenience charges, ATM charges, and high exchange rates you can use HOPCard by <a href="https://www.moneyhop.co/">moneyHOP</a> which is a Debit+FX card connected to a multicurrency bank account that will help you survive currency volatility if any. The card can be used in 150+ countries and is powered by Visa. The account can be operated by their mobile app so it is basically a bank on your phone. Your parents/acquaintances can easily transfer your money when you need it or vice versa. Thus you’ll save up big time on all the hidden charges that banks charge when you do international transactions.&nbsp;</p><h3><strong>Permanent Residence&nbsp;</strong></h3><p>If you are keen on getting a permanent residence in the country you are going to study in you can choose countries accordingly. Different countries have different rules and regulations for permanent residence. Do in-depth research and get the details on this before you apply. A detailed analysis of all the crucial factors is important before you decide where you want to study abroad. You can also hire a study abroad consultant for such matters.&nbsp;</p><h3><strong>Scholarship Opportunities</strong></h3><p>A lot of countries have scholarship programs for immigrant students to encourage them. You can check for scholarship grants and bursaries provided by the local government of the countries you are considering studying. Scholarships are usually provided on your overall academic profile, but your profile also can be considered if you have exceptional GRE, TOEFL, or GMAT scores. Your extracurricular achievements also may be considered for scholarships.&nbsp;</p><p>&nbsp;</p><h3><strong>Way Forward&nbsp;</strong></h3><p>Traveling to another country for studies is a big decision. But you need not be overwhelmed just thinking about it. Consider all your factors and choose wisely.&nbsp;</p><p>Happy Travel!!</p>

While choosing a destination to pursue higher studies, there are a number of factors to keep in mind to find a place most suitable with respect to opportunities and safety.  Here are some important factors for you to consider when finalizing where to study abroad. 

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Factors to Consider Before Finalizing Your Study Abroad Destination

<p>Aadhaar card has been made mandatory to submit to avail various services and to authenticate documents. In order to avail services, you need to verify your Aadhaar mobile number. This is done by submitting an OTP that a person receives on the mobile number linked to the Aadhaar card number. Thus in order to avail any online facilities that need Aadhar, you need to have your mobile number linked to your Aadhar card.&nbsp;</p><h2><strong>How to Add/Change my Mobile Number in Aadhar Card</strong></h2><p>The government has made it mandatory to link Aadhaar with other documents and bank accounts. It is one of the most preferred/accepted identity proof thus it is necessary to also register or update your active mobile number on it. As per the latest information you cannot update your mobile number online via the old Service Update Portal as it was discontinued. You can do it offline by visiting your nearest Aadhaar enrollment center. The whole process takes around 90 days.&nbsp;</p><h4><strong>STEP-BY-STEP PROCESS&nbsp;</strong></h4><p>Here is a step-wise process of how you can update or add your mobile number to your Aadhar card-&nbsp;</p><p><strong>Step 1-</strong> Visit the near Aadhaar enrollment center. To locate the nearest enrolment/ update center, go to<a href="https://uidai.gov.in/"> Aadhaar’s official website</a>-&gt; Go to ‘my Aadhaar’-&gt; select the ‘locate an enrollment center’ option from the drop-down menu. You can search for the centre via state, pin code, locality name, city, and district.&nbsp;</p><p><strong>Step 2</strong>- Fill the Aadhaar Update/ Correction Form</p><p><strong>Step 3-</strong> Submit the form to the Aadhaar executive&nbsp;</p><p><strong>Step 4- </strong>Pay the fee of Rs. 100 for the service. Whether you update one field or many, charges for Aadhaar update will be the same. However, to update the demographic details the platform charges Rs. 50.&nbsp;</p><p><strong>Step 5</strong>- You will receive an acknowledgment slip that contains the Update Request Number (URN). This number can be used to check the status of your Aadhar update. Your mobile number is expected to be updated within 90 days.&nbsp;</p><h3><strong>Frequently Asked Questions&nbsp;</strong></h3><p><strong>1 . Where can I update my mobile number on Aadhaar card?</strong></p><p>A. You can update your mobile number on your Aadhaar card by going to your nearest Aadhaar enrollment center. Book your appointment on uidai.gov.in .&nbsp;</p><p><strong>2 . Can I add/change my Aadhaar linked phone number online?</strong></p><p>A. No, you can’t change your mobile number online. You must visit your nearest Aadhar Enrollment Center or Aadhaar Seva Kendra online.&nbsp;</p><p><strong>3. What documents do I need to submit to change my mobile number on my Aadhaar card?&nbsp;</strong><br>A. No documents need to be submitted to change the mobile number. However, you will need to carry the Aadhaar Card.&nbsp;</p><p><strong>4. Is it mandatory to update the mobile number to make any Aadhaar changes online?</strong>&nbsp;<br>A. Yes, it is mandatory to update the mobile number to make any Aadhaar changes online. An OTP will be sent to the registered mobile number to process any changes that are made online.&nbsp;</p>

Here's your step-by-step guide on how you can update your mobile number on your aadhaar card. 

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How to change or update mobile number on Aadhaar card

<p>The Central Know Your Customer (CKYC) is a central repository of important KYC documents for customers wanting to avail of services in the financial sector. It is an initiative by the government of India started with the aim to have a streamlined structure in place to verify documents when a person wants to use a financial service. The intention behind creating CKYC is to reduce the burden of submitting KYC documents for verification when starting a financial relationship with a new company.&nbsp;</p><h3><strong>Features of CKYC&nbsp;</strong></h3><ul><li>CKYC is a 14-digit number linked with ID proof</li><li>The customer’s data is secured in an electronic format</li><li>The documents submitted are verified by an issuer</li><li>All the concerned authorities are notified when there are any changes in the KYC details.</li></ul><h3><strong>What is the process of completing CKYC?</strong></h3><p>When you purchase any financial product/service from any financial institution- regulated by RBI, SEBI, IRDAI, or PFRDA. These financial institutions will register your KYC details with the Central Registry of Securitisation and Asset Reconstruction and Security Interest of India (CERSAI). If you haven't registered in any of these, you can get your CKYC done by filling out this <a href="https://rbidocs.rbi.org.in/rdocs/content/pdfs/KYCLEN26115_A2.pdf ">form</a> and submitting it to your bank with the below-mentioned proof documents.&nbsp;</p><p>You need to submit the following documents:&nbsp;</p><ul><li>CKYC <a href="https://rbidocs.rbi.org.in/rdocs/content/pdfs/KYCLEN26115_A2.pdf ">application form</a>*</li><li>PAN</li><li>Identity and address proof (the passport, driving license, proof of possession of Aadhar number, the voter’s identity card issued by Election Commission of India, job card issued by NREGA duly signed by an officer of the State government, the letter issued by National Population Register containing details like name, address or any other document as notified by the Central Government in consultation with the regulator authorities.)</li><li>One passport-size photograph</li></ul><h3><strong>How do I check my CKYC number?&nbsp;</strong></h3><p>You can check your CKYC number and status online by visiting the web portal of financial institutions providing a CKYC checking facility. You can also do it using the following steps:&nbsp;</p><ul><li>Visit the web portal (<a href="http://www.karvykra.com/">www.karvykra.com</a> or <a href="https://www.cvlkra.com/">www.cvlkra.com</a>). Currently only Karvy and Central Depository Services Limited provide for the CKYC Check Facility.</li><li>Enter your PAN number.</li><li>Enter the security/CAPTCHA code.</li><li>Your CKYC status along with details will be displayed.</li></ul><p>Additionally, customers may approach the financial institution where they have provided their documents to get the number.&nbsp;</p><h3><strong>Benefits of CKYC Registry</strong></h3><ul><li>It enables financial institutions to register your identity easily</li><li>You don’t need to submit your KYC documents each time you want to start a financial relationship with a financial entity.</li><li>Investors can easily update their personal details in the CKYC registry.</li><li>You can use this number when you are buying or investing in any financial instruments such as insurance policies, investing in mutual funds, and stock markets.<a href="https://rbidocs.rbi.org.in/rdocs/content/pdfs/KYCLEN26115_A2.pdf">https://rbidocs.rbi.org.in/rdocs/content/pdfs/KYCLEN26115_A2.pdf</a>&nbsp;</li></ul><p>In the digital-first world, people want processes to be instant and automated in just a few clicks. The old process of starting a financial relationship with a financial entity used to be time-consuming and you had to submit KYC documents. With the introduction of the CKYC registry, the documentation process is now easier and safer.</p><h3><strong>Frequently Asked Questions &nbsp;</strong></h3><p><strong>Q1. When is CKYC mandatory?&nbsp;&nbsp;</strong></p><p>A. Financial institutions registered under SEBI, RBI IRDAI, and PFRDA can register customers only under CKYC. So you’ll need a CKYC id when purchasing any financial products, such as making a banking account, buying an insurance policy, or investing in any mutual funds.&nbsp;</p><p><strong>Q2. What is the difference between CKYC and KYC?</strong></p><p>A. &nbsp;<strong>KYC</strong>: The identity of an investor is verified based on written details submitted by him/her on a form, supplemented by an in-person verification (IPV) process. Once the verification is carried out successfully, the relevant investor data is entered into the KRA system and subsequently uploaded to the KRA system database.</p><p><strong>CKYC</strong>: It allows investors to carry out their KYC only once. CKYC compliance will allow an investor to transact/deal with all entities governed/regulated by the Government of India/different regulators (RBI, SEBI, IRDA, and PFRDA) without the need to complete multiple KYC formalities. The CKYC processing is handled by the CERSAI.&nbsp;</p><p><strong>Q3. How to check CKYC status online?</strong></p><p><strong>A. </strong>Visit the web portal (<a href="http://www.karvykra.com/">www.karvykra.com</a> or <a href="https://www.cvlkra.com/">www.cvlkra.com</a>). Currently only Karvy and Central Depository Services Limited provide for the CKYC Check Facility.&nbsp;</p>

There's a lot of confusion lately pertaining to CKYC. This article aims to solve all user doubts regarding CKYC application and how to find your CKYC number online. Read to learn more. 

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How to complete CKYC and check CKYC status online 

<p>Working abroad is a dream for many youngsters and Indian students. However, one of the major problems is the lack of information about the courses and career paths that can help them to get employed overseas. Studying abroad is one of the best ways to get international job opportunities. But, choosing the right course and the right country plays a vital role in job placements. Not all the courses can get you employment across all the countries. But, few courses can certainly improve your chances of getting jobs overseas; especially, in a few countries. It’s all about identifying the right career path, course, and destination country. In this post, we will look into the best subjects to study for Indian students to get jobs overseas, and also about the specific countries.</p><h3><strong>STEM&nbsp;</strong></h3><p>STEM stands for science, technology, engineering, and mathematics. STEM is important because it is present in every part of our lives. STEM is the need of the hour to help students make the leap from using technology to inventing new forms of it. STEM is a new concept for India but it is well recognized in developed countries like the US. The U.S. has more than 3 million STEM jobs available than the people there to fill them. Also according to research by Business Europe, the lack of skilled labor in science and engineering is causing a halt in economic growth in Europe.&nbsp;</p><h3><strong>Project Management&nbsp;</strong></h3><p>According to research by Project Management Institute, Philadelphia USA, “through the decade ending in 2027, there will be a need for 87.7 million individuals working in project management-oriented roles. Included in these figures are jobs in which project management is fully or partly the job responsibility.” Now is the time for professionals and job-seekers to build project management skills, as demand for these skills outstrips supply”. In countries like the USA, Australia, Canada, China, Germany, Italy, and the United Kingdom with established or quickly developing project-intensive sectors, project management roles are continuing to grow very fast. The global shortage of skilled project managers is growing far faster than was anticipated just four years ago, potentially wiping billions off national GDP numbers around the world over the next 10 years.&nbsp;&nbsp;&nbsp;</p><h3><strong>Healthcare</strong></h3><p>With the increase in the aging population and population in general, the healthcare sector is already facing a shortage of healthcare providers. Healthcare providers including medical practitioners, dentists, nurses, pharmacists, and physiotherapists, along with allied health science professionals are already in high demand... Disciplines like Nursing, Occupational Therapy, and Healthcare Management will be very helpful in landing international job opportunities.</p><h3><strong>Biomedical Sciences and Biotechnology</strong></h3><p>At present, biotechnology is currently one of the top streams to study globally. After completing a degree in Biomedical Sciences or Biotechnology you could land a job offer with a handsome salary. After working as a research assistant or staff scientist you can also go for Ph.D. The life sciences domain is one of the top areas that help you to go places all over the world.</p><h3><strong>Financial Services, Risk Management &amp; Insurance</strong></h3><p>Finance plays a vital role in the overall economy. With a degree in Finance, you will have an excellent understanding of the functions and applications of financial markets. You will also know about the acquisition and allocation of funds (public and private sectors) in national and international organizations. Economics is another subject with great career scopes. You will learn about forecasting economy (GDP) and contribute towards the monetary policies. Finance and Economics allow you to develop a wide range of transferable skills besides skills in the core domain. Therefore, your employment opportunities will be boundless. Areas like Asset Management, Broking, Investment Management, and FinTech will witness significant job opportunities all across the globe.</p><h3><strong>Way Forward</strong></h3><p>Most deserving job seekers miss out on employment opportunities abroad not because they are unsuitable for the job role but because they are unaware of the opportunity and interview process in a particular country. Other than the domain knowledge you should also do some research from your end around the job opportunities and minimum requirements to secure an interview. You’ll also need to get a good bank that charges you less withdrawal fee and low remittance fee when sending money back home. This is where moneyHOP comes in, your in-pocket, multicurrency bank account. Making an account on moneyHOP is extremely simple. Just download HOPapp from Playstore or IOS app store, and make a bank account in a few simple steps, and get HOPcard delivered to your doorstep. What’s best about HOPCard is that it is a Debit+Forex card, ie it can be used as a debit card in your home country while can be used as a Forex card in your work country. Check it out today.&nbsp;</p><p>All the best!</p>

Working abroad is a dream of many but very few achieve it not because of lack of knowledge but lack of appropriate knowledge. Here are some trending courses for you to find job overseas. 

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Find Overseas Job:  Top Courses to find job abroad

<p>As a student studying abroad, it is vital to do a job to manage all your expenses. But it is also essential to do a job that doesn’t affect your study schedule. One option is to take a job offline, like working in a restaurant or bar, guiding tourists, etc. On the other hand, you can find online part-time jobs that go in line with your chosen major and give you time to accommodate college activities easily in your course.&nbsp;&nbsp;</p><p>Before we get started with our list of best online part-time jobs you can do while studying abroad, you should keep in mind the country your university is in. This is because each country has different protocols for employment, based on how many hours you can work, what your minimum wage should be, and who can/cannot employ you. Make sure of these protocols before starting any part-time job. Part-time jobs have a range of amazing benefits for students, not just in terms of monetary benefits but also for the work experience they provide.</p><h3><strong>Data entry&nbsp;</strong></h3><p>Data entry jobs may seem a little monotonous. But the upside here is that these jobs don’t demand a lot of time or high-end skills on your end. This makes them the most sought-after job by students studying abroad. The schedule doesn’t matter in this type of job as you’re just responsible for the work you are doing.&nbsp;</p><p><strong>Skills needed</strong></p><ul><li>Above average typing speed- 55 wpm or more</li><li>Basic computer skills- Excel, Word, etc.</li><li>Written and verbal communication skills</li><li>Attention to detail</li><li>Ability to operate standard office equipment</li><li>Time management ability</li><li>Basic research skills</li></ul><h3><strong>Online Tutoring</strong></h3><p>Since you are a student, you must be having strengths in some subjects or a skill that you can teach others. It could be a subject from your course or something different, depending on your skills and interests. You can teach online on platforms like Udemy and Coursera and make money while brushing up your skills and imparting knowledge.&nbsp;&nbsp;</p><p><strong>Skills needed</strong></p><ul><li>Strong verbal &amp; written communication skills</li><li>Patience</li><li>Problem-solving ability</li><li>Attention to detail</li><li>Presentation skills</li><li>Basic computer knowledge</li><li>Time management</li></ul><p><strong>Proofreader&nbsp;</strong><br>If you identify yourself as a Grammar Nazi and you have a sharp eye for detail, then proofreading is a job worth considering. You can earn around $100-150 per 1000 words by registering yourself on freelancing websites like Fiverr, Upwork, etc.&nbsp;</p><p><strong>Skills Needed</strong></p><ul><li>Good grammar spelling and punctuation</li><li>Good eye for detail</li><li>Ability to focus for long periods of time</li><li>Time management</li></ul><h3><strong>Product Tester</strong></h3><p>A way you can earn some extra money is by reviewing and testing products by different companies. To get clients for product testing you should sign up with platforms like User Testing, Upwork, etc., and send proposals. One of the perks of being a product tester is that you get to use the beta version of applications before the launch.&nbsp;</p><p><strong>Skills needed&nbsp;</strong></p><ul><li>Strong reasoning skills</li><li>Understanding of the product</li><li>Preparing test plans</li><li>Understanding the testing process</li><li>Attention to detail</li><li>Creating documentation</li></ul><h3><strong>Freelancer</strong></h3><p>The job market is booming for freelancers today and people are even pursuing this as a full-time career option than going for salaried jobs. From writing to graphic designing to coding, you can choose your field of choice and get paid for providing services in the company With sites like Fiverr, Upwork, etc. you can easily monetize your skills and get consistent clients. Freelancing is among the most popular part-time jobs for students because it gives you the freedom to work as per your interests and bandwidth.&nbsp;</p><p><strong>Skills needed&nbsp;</strong></p><ul><li>Time management</li><li>Business negotiation skills</li><li>Willingness to learn</li><li>Strong communication skills</li><li>Convincing and negotiating skills</li></ul><h3><strong>Online Survey Jobs&nbsp;</strong></h3><p>A lot of big companies pay people to take surveys so that they can better understand their customers and enhance their services. This can be a great side hustle since it is not time-consuming and you only need to answer a few questions. However, these surveys are not always consistent. Sometimes they target a specific group of demographic and you may not be eligible to take them at all.&nbsp;</p><p><strong>Skills Needed&nbsp;</strong></p><ul><li>Time management as these surveys are usually lengthy</li><li>Attention to detail</li></ul><h2><strong>Way Forward&nbsp;</strong></h2><p>Any part-time job can significantly help you in managing your expenses when studying abroad. Apart from this, working part-time can also give you work experience that you can leverage further in your career. The list of part-time jobs for students is exhaustive, you can identify your niche and find jobs that align with it. You can find part-time jobs as a student even without any prior work experience. How you do banking is also what decides your expenditure budget. For instance, do you have an international debit or forex card? Do you know forex cards and international debit cards charge you a hefty ATM fee and an unreasonably high exchange rate. Instead of carrying these multiple cards get HOPCard; your debit+forex card linked with a multicurrency bank account for all domestic and international transactions. The best part about <a href="moneyhop.co">moneyHOP</a> is that it is completely digital with all the card controls right at your fingertips. Also, the exchange rates are cheaper than traditional banks. Get your HOPCard today!</p><p>Cheers!</p>

Looking for a side hustle to get yourself pocket money when studying abroad? Here's a list of online jobs that you can do manage your expenses. 

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Top 6 Part-Time jobs for Students Studying Abroad

<p>“But the flight prices were lower yesterday!”&nbsp;</p><p>Come on!&nbsp;</p><p>We’ve all experienced this at least once in our life.&nbsp;</p><p>The process of booking flights domestic or international is tiresome. With endless search engines and continuously fluctuating prices, the process of booking a flight is never defined and overwhelming. Here are some tips for you to keep in mind when booking your next flight-&nbsp;</p><h4><strong>Search in Incognito mode&nbsp;</strong></h4><p>Have you noticed that each time you search for a flight the flight price increases the next day?&nbsp; Well, it happens because of the cookies in your browser. The websites increase the fare after repeated search, in order to create an urgency, so that you book a flight then and there. Hence we suggest you to do your flight search in the incognito window before you book your flight. This way your previous search cookies won’t be stored hence there will be no surge in the prices. Other alternatives include browsing from a different computer or browser when booking or clearing cookies to get lower fares.&nbsp;</p><h4><strong>Be Flexible with Travel Dates</strong></h4><p>You might have seen websites claiming that booking flights on a particular day like a Tuesday or traveling on a weekday is cheaper. But that may not be the case always. So we suggest, you check the process for the entire month. This way, you will be able to get a clear picture of the days that are cheaper for your destination.&nbsp;</p><h4><strong>Go for local airlines</strong></h4><p>Most search engines do not show local airlines. This happens mostly when booking flights fr remote places or less popular destinations. If you are flying to any destinations like this, we suggest you search on Google for local airlines. Then, visit the local airline’s website and check for any offers or deals. This will help you book flights at a lower fare.&nbsp;</p><h4><strong>Try making payments in currency cheaper than INR</strong></h4><p>This option is used by travelers to get cheaper fares. Most of the airlines ask to make payment in the currency of the country you are coming from. When booking flight tickets, check if you can pay in any currency that is cheaper than your own. A word of caution here- if you’re making payment through your credit card, make sure it doesn’t levy any foreign transaction fees. Then only, go ahead and book your tickets.&nbsp;</p><h4><strong>Set Fare Alerts&nbsp;</strong></h4><p>When you visit any airline’s page, do remember to set fare alerts. By doing this, you’ll get to know any special offers before they expire and this will enable you to book cheap flight tickets. Also follow the Twitter pages of popular airlines like GoAir, AirAsia, Indigo, etc. to be updated on their offers and coupon codes to use to get the best deals.&nbsp;</p><h4><strong>Use your Flyer Miles and Points&nbsp;</strong></h4><p>Most leading airlines have a frequent flyer program for their loyal crowd. If you have a preference or have used a particular airline frequently, you can get your name enlisted on their flyer program. Through such programs, you can earn miles or get points on each flight. You can use these points on your next flight to make it cheaper. Airlines also offer discounts on particular debit or credit cards. So lookout for those.&nbsp;</p><h3><strong>WAY FORWARD&nbsp;</strong></h3><p>Flying for cheap is no rocket science. Mastering the art of cheap booking is easy. Just use the tricks above and you’ll be good to go. While traveling abroad loading a forex card with any particular currency also can be exhausting. Instead use HOPcard by <a href="https://www.moneyhop.co/">moneyHOP</a>, your two-in-one debit+forex card, that can be used in any country and do transactions in any currency abroad.&nbsp;</p><p>Happy Travelling!</p>

Confused and overwhelmed with the changing flight prices every second. Here's how you can book a flight for a cheaper price. 

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Traveling Abroad: Here’s how to book a Flight Cheaper

<p>Planning to study abroad? Then you may be overwhelmed with the number of documents you need to keep in place for several processes. Getting admission to your dream university isn’t that hard but will surely involve a lengthy documentation process. While applying to any university/college you need to furnish a long list of documents, which is very cumbersome. So before applying only having all of these documents ready makes sense. This checklist may vary from university to university and is also dependent on destination.&nbsp;</p><p>Here we have accumulated a list of some crucial documents you’ll need during your application process-&nbsp;</p><h3><strong>Checklist for University Application/I20 Form&nbsp;</strong></h3><ul><li>Application form from the university</li><li>Entrance test scores (IELTS/GRE/TOEFL/SAT)</li><li>Academic records<ul><li>10th result transcripts and certificates</li><li>12th result and certificates</li><li>Bachelor’s degree certificate (when applying for master's)</li><li>Masters/Diploma certificate (if any)</li></ul></li></ul><p>There also may be other documents required like SOP (Statement of Purpose)/Essay, letter of recommendation, reference letter, resume, work experience certificate, etc. After receiving all these documents, the university/college will analyze your academic and test scores and will send you the Offer Letter/I20 form as an indication of accepting your admission.&nbsp;</p><ul><li><strong>Offer Letter/I20 form:</strong> This is an acceptance letter (for the USA) issued by the university. This will be sent to you upon acceptance based on the documents submitted by you while applying. This can be of two types, <strong>Conditional </strong>and <strong>Unconditional.</strong> The conditional offer letter means your acceptance by the university is on some terms. These terms include &nbsp;Minimum IELTS/TOEFL Score required or Minimum GRE/GMAT Score required or Final Transcripts of your latest academic qualification, etc. An unconditional offer letter means your admission confirmation is subject to you paying your university fee etc before the due date mentioned in the offer letter.</li><li><strong>Statement of Purpose (SoP): </strong>When applying for any particular course in university only test scores are not enough. You also need to highlight the reason why you want to join the course. For this, you need to send a document named SoP which has one’s career, research goals, and accomplishments so far to achieve them. It is one of the important documents that universities abroad consider while shortlisting students. SoP is used by universities to access the capabilities of a prospective student in terms of analytical abilities, aims, interests, and critical thinking. In general, most universities accept 1-2 pages of SoP, and most SoPs are judged on the basis of how crisp, short, and ideologically clear they are.</li><li><strong>Letter of Recommendation (LOR):</strong> A recommendation letter is given to a person to honor them for their good work and to recommend them in the future. The writer assesses an individual on the basis of their character and their ability to perform a particular task or function.</li><li><strong>Work Experience Documents:</strong> For some study programs like MBA you need to have certain work experience. The major documents that act as a proof of your work experience are-<ul><li>Latest Joining Letter</li><li>Latest salary slip</li><li>Employment certificates of all previous employers</li></ul></li></ul><h3><strong>Important Visa Documents&nbsp;</strong></h3><p>After getting the offer letter you also need to apply to foreign embassies for a study VISA. The VISA form needed for various countries are mentioned below:&nbsp;</p><ul><li>USA- F1 Visa Form</li><li>UK- Study Visa Form</li><li>Australia- Study Visa Form</li><li>Canada- Study Visa Form</li><li>New Zealand: Study Visa Form</li></ul><h3><strong>Other Important Visa Documents</strong></h3><ul><li>Passport</li><li>Visa Fee Receipt</li><li>Passport size photographs</li><li>GRE/GMAT scores</li><li>IELTS/TOEFL score</li><li>Sponsor letter</li><li>Scholarship letter (if any)</li></ul><p>Once you get the Visa and Planning your study abroad trip, you should carry the following documents with you-&nbsp;</p><ul><li>Passport</li><li>Health Insurance ID Card</li><li>International Immunization and Vaccine Records</li><li>Driving License</li><li>Contact Information</li></ul><p>Once you have put everything together, recheck to make sure you haven’t missed anything. Organize everything in a folder. Also, make photocopies and get them attested.&nbsp;</p><p>You’ll also need to be stress-free abroad in order to focus on your studies. One of the major reasons for stress amongst students studying abroad is how to manage their expenses. For instance, the ATM fee charged on international debit cards is considerably high. You may end up losing a lot of money in withdrawals only. You can solve this challenge by getting HOPcard by moneyHOP. <a href="https://www.moneyhop.co/">moneyHOP</a> provides you a multicurrency bank account in which you can carry money of different currencies.&nbsp; In addition to helping you pay for books, tuition, travel, food, and accommodation, this card entitles you to a wide range of discounts along with a 6% interest rate yearly. Also unlike forex cards, you need to keep loading and unloading. HOPCard is a Debit+Forex card which means you can use it in your home country and in abroad as well. Using this card you can spend and send money anywhere in the world seamlessly and to add a cherry on top, exchange rates are cheaper than a bank.</p><p>Studying abroad may seem scarier but it will surely open up an exciting chapter in your life. Make the most of it!</p>

The documentation process when applying to any university abroad may seem scary but if you follow our documents checklist you'll cover all the documents. Read to know more 

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The only study abroad documents checklist you need

<p>Studying abroad is undoubtedly an expensive affair. The tuition fee is just one part but once you begin your course there are many other expenses that you’ll need to take care of being away from home. Money management is an essential part of studying overseas and is a good opportunity to learn how to spend money in a judicious manner. Here are some money management tips for you when you are studying abroad-&nbsp;</p><p>Studying abroad is undoubtedly an expensive affair. The tuition fee is just one part but once you begin your course there are many other expenses that you’ll need to take care of being away from home. Money management is an essential part of studying overseas and is a good opportunity to learn how to spend money in a judicious manner. Here are some money management tips for you when you are studying abroad-&nbsp;</p><h3><strong>1. Make a Budget&nbsp;</strong></h3><p>Making a budget is possibly the most important factor in money management. Knowing how much money have at your disposal and how long you need to manage expenses with that money will help you a lot. It is imperative that you understand what the fixed expenses every month are. For instance, some fixed expenses are rent, food, and travel expenses. Keeping money aside for these is a good idea. As you are new to the currency it can be difficult to gauge how much money you will need for miscellaneous expenses, such as transport, books, medical expenses, etc.&nbsp; Knowing the difference between what you want and what you need is extremely important while making a budget.&nbsp;</p><h3><strong>2. Intelligent Banking&nbsp;</strong></h3><p>Firstly you need to check if your home bank has a local branch in your new city as well. If not then check if your home bank has partnered with a local bank, and on what terms does this partnership exist. If your bank does not exist in the city you’ll need to use ATMs to access your funds, which are operated by other financial institutions. These ATMs usually have a withdrawal fee which will be a percent of the amount you have withdrawn. Using online banking thus is a lesser expensive option for you to save money when studying abroad. Also using a multicurrency bank account like moneyHOP. HOPcard by <a href="https://www.moneyhop.co/">moneyHOP</a> is a debit + FX card where you can send and spend money anywhere in the world seamlessly and the cherry on top is that the exchange rates here are cheaper than at the bank. All the card controls are also right at your fingertips using HOPApp. Thus smartly choosing your bank account will help you a lot in saving money abroad.</p><h3><strong>3. Spend Locally</strong></h3><p>One of the most tricky things to understand when living abroad is to get used to the manner in which merchants carry out business. For example, you may be knowing how to negotiate and what markets give you cheap and better deals in your home country but to know that in a new country will take some time. Make friends with localites and find out where the best deals are. Malls and large shopping centers are usually more expensive than local markets. Flea markets have locally produced goods whose prices can also be negotiated.&nbsp;</p><h3><strong>4. Managing Social Activities&nbsp;</strong></h3><p>When you stay alone it is tempting to go out and make friends with new people and attend events and parties. But you should do this keeping in mind the budget of your monthly expenses.&nbsp; Plan your social activities and keep an amount aside for those expenses. We get it, most social events and parties are not planned so planning expenses is also difficult. But you can keep aside a certain amount for a period of time and spend keeping in mind your budget.&nbsp;</p><h3><strong>5. Set up a source of Income</strong></h3><p>Many students take up part-time jobs during their study tenure to have an extra source of pocket money. These jobs will mostly be available at the start of your semester as many students may have quit the job to find a more permanent job after graduation. These jobs are usually simple that won’t really take a lot of time as most of your concern will be on studies. After your second semester, you can also apply for a paid internship which is also a good way to earn money when abroad.&nbsp;</p><h3><strong>6. Use Student Discounts&nbsp;</strong></h3><p>A lot of countries have a lot of student discounts on various things and events. There are a lot of student discounts on public transport and other public utilities. Contact your university to know more about these discounts.&nbsp;<br>&nbsp;</p><h3><strong>WAY FORWARD</strong>&nbsp;</h3><p>Always remember, that although you need to plan everything before you go abroad, it'll be good to take it one step at a time. Take the leap and trust your decision to study abroad. Rest everything will be figured out.&nbsp;</p><p>Cheers!</p>

Studying abroad but finding it difficult to manage expenses? Worry not, here are the best money-saving tips that you can use to save money when studying overseas

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Can't Keep Up? Money Saving Tips when Studying Abroad

<p>If you are an Indian student trying to seek admission to abroad universities, you’ll be pleased to know that international scholarships for Indian students are offered by many governments, organizations, and universities. Below is a diverse selection of scholarships for Indian students specifying the minimum requirements to apply for them.&nbsp;</p><p>With international universities and governments understanding the importance of diversity on their campuses, they are coming up with many grants and scholarships to motivate international students to study in their countries. In this article, we will discuss the top 6 scholarships for Indian students along with their eligibility criteria.&nbsp;</p><h3><strong>NATIONAL OVERSEAS SCHOLARSHIP</strong></h3><p>This scholarship is to facilitate low-income students belonging to the scheduled castes to study abroad, thereby improving their economic and social status. These scholarships are fully funded by the Indian government. Every year a total of 100 slots are made available under this scheme, which is further earmarked for different subcategories. This scholarship can be availed within one year of the receipt of intimation from the Ministry of Social Justice and Empowerment.&nbsp;</p><h4><strong>Eligibility Criteria&nbsp;</strong></h4><ul><li>The student should be below the age of 35 years as of April 1 of the election year.</li><li>They should come from a family with an income of less than INR 8,00,000 per annum.</li><li>Is applicable for masters or Ph.D. courses.</li><li>One should have an undergraduate degree with at least a 60% passing percentage in the qualifying examination.</li></ul><h4><strong>Scholarship Inclusions&nbsp;</strong></h4><ul><li>Tuition fees</li><li>Contingency allowance</li><li>Maintainance allowance (USD 15,400/- annually except the UK. GBP 9,900/- annually in the UK</li><li>Poll fees</li><li>Visa fees</li><li>Local Travel</li><li>Equipment allowance</li><li>Air passage for economy class</li></ul><h3><strong>FULLBRIGHT- NEHRU MASTER'S FELLOWSHIP&nbsp;</strong></h3><p>This scholarship is open to Indians with outstanding academic records who want to pursue a master's degree in the US. The fields of study covered under the scholarship include Arts and Culture Management including Heritage Conservation and Museum Studies; Environmental Science/Studies; International Affairs; Public Health; Women’s Study; International Legal Studies; Urban and Regional Planning; Economics; Journalism; Mass Communication and Public Administration. They are fully funded by the Indian Government.&nbsp;</p><h4><strong>Eligibility Criteria</strong></h4><ul><li>The candidate should demonstrate leadership qualities.</li><li>Should have a US bachelor’s degree or an equivalent from a recognized university in India with at least 55% marks. The bachelor’s degree should be a 4-year program or the candidate should have a master’s degree or postgraduate diploma.</li><li>Should have at least 3 years of work experience and are committed to coming back to India and their communities.</li><li>Must not have another degree from a university in the US.</li></ul><h4><strong>Scholarship Inclusions&nbsp;</strong></h4><ul><li>J-1 Visa Support</li><li>Tuition and fees plus living and related costs.</li><li>Accident and sickness coverage as per US government guidelines</li><li>Round trip economy class travel by air from home country to the US.</li><li>Application deadline: June 1, 2022.</li></ul><h3><strong>THE INLAKS SHIVDASANI SCHOLARSHIPS</strong></h3><p>Inlaks scholarship is granted to young students from India who wants to study in top universities in the US, European, and the UK for a full-time master's, M Phil, or doctorate program. Inlaks Scholarship is granted to students for pursuing a Master’s, M.Phill, or a Doctorate program in all fields except Engineering, Computer Science, Medicine, Public Health, Business Studies, and Fashion Design.&nbsp;</p><h4><strong>Eligibility Criteria</strong></h4><ul><li>Should be an Indian resident for the past 6 months.</li><li>For Mathematics, Environment and related subjects the minimum academic grade should be 70% or CGPA 7.2 or GPA 2.8 from a renowned university.</li><li>For Humanities, law, fine arts, architecture, social science, and related subjects, the minimum academic percentage should be 65% or GPA 2.6 from a recognized university.</li></ul><h4><strong>Scholarship Inclusions&nbsp;</strong></h4><ul><li>Full tuition fee, adequate living expenses, health allowance, and one-way travel allowance.</li><li>Maximum funding is USD 10,000.</li></ul><h3><strong>ERASMUS MUNDUS SCHOLARSHIP&nbsp;</strong></h3><p>Different scholarships are for students from different target groups and mobility types and with their own eligibility. These are fully funded scholarships for Indian students&nbsp;</p><h4><strong>Eligibility Criteria&nbsp;</strong></h4><ul><li>Should be a resident or permanent citizen of India.</li><li>Should not have resided, studied, or worked for a total of 12 months in the last five years in any of the eligible nations in Europe after submitting the application.</li><li>Should belong to one of the target groups. (TG1, TG2, and TG3).TG1 applicants can only apply for exchange programs. TG2 can apply for full degree programs, and TG3 applicants can only apply for full degree programs at master's and doctorate levels.</li></ul><h4><strong>Scholarship Inclusions&nbsp;</strong></h4><ul><li>Full funding including tuition fees, airfare to and from the UK, and a living allowance is included in the scholarship.</li></ul><h3><strong>GREAT SCHOLARSHIPS INDIA&nbsp;</strong></h3><p>A total of 20 scholarships are offered by UK universities across a wide range of subjects for Indian students. These scholarships are funded by the GREAT Britain Campaign and the British Council with participating UK universities. These scholarships are fully funded for Indian students.&nbsp;&nbsp;</p><h4><strong>Eligibility Criteria&nbsp;</strong></h4><ul><li>Should be an Indian citizen.</li><li>Should have an undergraduate degree with interest in the proposed subject area.</li><li>Should meet English language requirements determined by the UK university.</li><li>Should be a GREAT scholarship alumnus</li><li>Should build an engagement with the UK as a scholar, Though personal and academic fulfillment</li></ul><h4><strong>Scholarship Inclusions&nbsp;</strong></h4><ul><li>The tuition fees, adequate living expenses, health allowance, one-way travel allowance, and one-way travel</li><li>Maximum funding of USD 10,000.</li></ul><h4><strong>COMMONWEALTH SCHOLARSHIP</strong></h4><p>This is an international scholarship for Indian students. These are offered to Indian students from across the commonwealth who otherwise cannot afford to study abroad. It is offered to talented students who can make a positive impact on a global level.&nbsp;</p><h4><strong>Eligibility Criteria&nbsp;</strong></h4><ul><li>Should be a citizen or permanent resident of a country of the commonwealth. A refugee or British-protected person can also apply.</li><li>Should have an undergraduate degree with minimum second division result.</li><li>Must not be able to afford to study without a scholarship.</li></ul><h4><strong>Scholarship Inclusions&nbsp;</strong></h4><ul><li>Full funding includes tuition fees, airfare to and from the UK, and a living allowance.</li></ul><p>Saving money when you are studying is also important. Most students lose a significant amount of money in exchanging currency when studying abroad. Put an end to these high exchange rates and conversion fees using HOP Card by <a href="https://www.moneyhop.co/">moneyHOP</a>. HOPCard is a Debit+Forex card introduced by <a href="https://www.moneyhop.co/">moneyHOP</a> which provides you with a multicurrency bank account that can be used for transactions instantly anywhere in the globe. You can create your account and hold card controls through their app HOPApp. So save money when you're abroad using HOPApp.&nbsp;</p><p>Keep Hopping!&nbsp;</p>

Want to study abroad ut are worried about the finances. In such case, you should think of attaining scholarships or financial aid. Here is a list of the top six scholarships for Indian students. 

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TOP 6 STUDY ABROAD SCHOLARSHIPS FOR INDIAN STUDENTS 

<p>From packing everything you’ll possibly need for a year, to filling out an endless number of forms, to choosing the right classes, there are a number of things you will need to remember before heading on your solo journey to study abroad.&nbsp;</p><p>Even though the process and preparations may be exhausting, the opportunities and skills you can learn in your dream college are endless. However with so many things to remember it can be overwhelming to know where to start.&nbsp;</p><p>This is why I’ve put together a list of things to sort out before you go for your year abroad.&nbsp;&nbsp;</p><h3><strong>STEP 1- Choose a Course that you love&nbsp;</strong></h3><p>It’s definitely not just about the destination but more importantly about studying something you love and making a career out of it. Just browse what you want to pursue and study and at what level. If there’s anything on your wishlist to study, this is the time you think about it.&nbsp; You should also keep in mind that you don’t have to be generic or follow the crowd with respect to the course you want to study. A lot of courses in international universities are pretty futuristic and will give you a great return on investment in the future.&nbsp;</p><p><strong>Read More: </strong><a href="https://www.moneyhop.co/blog/courses-for-study-abroad/">5 Unique Study Abroad Courses that’ll give you a great ROI</a></p><h3><strong>STEP 2- Select your Study Destination</strong></h3><p>It’s not just a matter of days but of years when you think about which country you want to study in. So you should ideally choose the country you want to study in very carefully. English speaking countries naturally are preferred more than non-English speaking countries as the mingling gets easy when language is not a barrier. Nevertheless,&nbsp; you should try and narrow down the countries using other pertinent factors, such as career opportunities, financial options, or application requirements.&nbsp;&nbsp;&nbsp;</p><p><strong>Read more: </strong><a href="https://www.moneyhop.co/blog/Top-Countries-with-Post-Study-Work-Opportunities-For-Indians/">Top Countries with Post-Study Work Opportunities For Indians</a>&nbsp;</p><h3><strong>STEP 3- Start the Application Process</strong></h3><p>Once you have shortlisted the countries, courses, and universities you see yourself studying in, you can get started with researching on the application process.&nbsp;</p><p><strong>Keep deadlines in mind</strong></p><p>The first step for starting the application process is to check the requirements and deadlines. If the information on the college website is not enough or is confusing, you can request more information by emailing the university. You should also make sure of your nationality is accepted in a particular country by visiting the official government websites and study councils. Please make sure to pay attention to the exam and document submission deadlines.&nbsp;</p><p><strong>Prepare for respective exams</strong></p><p>Universities look at many factors when making admission decisions including exam scores like SAT, GRE, GMAT, with respect to the course you want to pursue. Check the eligibility scores in the universities and prepare accordingly to achieve them. Also, keep in mind that with a good score and portfolio you can also get a scholarship to study in your dream university. Many courses that are difficult to get in, in India are a little easy to get into in colleges abroad. For instance, medical colleges in India have an extremely difficult exams to get into, but getting into medical colleges abroad is not as difficult.&nbsp;</p><p><strong>Read more:</strong> <a href="https://www.moneyhop.co/blog/Is-MBBS-abroad-a-good-option-for-Indian-students/">Is MBBS abroad a good option for Indian students?&nbsp;</a></p><p><strong>Read more:</strong> <a href="https://www.moneyhop.co/blog/Is-MBBS-abroad-a-good-option-for-Indian-students/">MBBS abroad: Benefits, Eligibility, Fees, and Top Colleges</a></p><p>Similarly, very few colleges in India provide a good engineering program and if you get into them then your hustle is almost over. But if not then considering colleges abroad either for your bachelor's or master's may be a good idea. You can take student loans to pay the tuition fees which you can repay later when you have a high-paying job. You can also get a scholarship with good GRE or SAT scores.&nbsp;</p><p><strong>Read more</strong>: <a href="https://www.moneyhop.co/blog/5-best-engineering-colleges-in-the-world-in-2021/">5 Best engineering colleges in the world in 2021</a></p><p>Other than engineering MBA is another most sought-after course all over the globe. Candidates who want to do their MBA in a foreign country have to take the GMAT. As per Graduate Management Admission Council (GMAC), every year around 30,000 Indian students take these tests, and around 80% crack and apply for MBA in their preferred college.&nbsp;</p><p><strong>Read more: </strong><a href="https://www.moneyhop.co/blog/mba-abroad-benefits-eligibility-fees-and-top-colleges/">MBA abroad - Benefits, Eligibility, Fees, and Top Colleges</a></p><p>It’s not the exam part that’s tricky in doing MBA abroad but the fee which usually is not affordable for a big population in India. You can hire an MBA consultant in such a case who’ll help you figure out the financial aid and the scholarships available.&nbsp;</p><p><strong>Read more:</strong> <a href="https://www.moneyhop.co/blog/10-best-mba-abroad-consultant-in-2021/">10 Best MBA abroad consultants in 2021</a></p><h3><strong>STEP 4- Figure out your finances&nbsp;</strong></h3><p>It’s always a good idea to make an estimate of your monthly spending before going abroad so that you can be prepared accordingly.&nbsp;</p><p><strong>Choose a country you can afford</strong></p><p>For instance, some countries, like ones in Latin America, Eastern Europe, and Southeast Asia, have a much lower cost of living than others. The cost of living will immediately affect your budget, regardless of the program price.&nbsp;</p><p><strong>Consider a part-time job/internship</strong></p><p>You can also consider doing a part-time job or paid internship to take care of some of your expenses. While studying abroad as a full-time student, you may be eligible to work part-time hours a week at your university or outside. If you’re qualified for this in your host country, it can be an excellent opportunity to help fund your weekend getaways!&nbsp;</p><p><strong>Avoid Bank Fees&nbsp;</strong></p><p>Forex cards have a hefty transaction fee so it’s better you do transactions using cash. An even better alternative is using &nbsp;HOP card which is a Debit+Forex card introduced by moneyHOP. It can be operated using HOPApp where you can spend and send money anywhere in the world seamlessly and to add a cherry on top, exchange rates are cheaper than a bank. Your parents/acquaintances can also send you money without any hassle.</p><h3><strong>STEP 5- Configure VISA requirements</strong></h3><p>Start figuring out the VISA requirements once you get admitted to the college. Here are some basic requirements for a student VISA-&nbsp;</p><ul><li>Passport</li><li>Admit Letter</li><li>Language Proficiency Test</li><li>Finance</li></ul><h3><strong>WAY FORWARD&nbsp;&nbsp;</strong></h3><p>If you are on a journey of pursuing an abroad education, you will be facing several stops before you reach your destination. Standardized entrance tests, language proficiency tests, educational and financial documents, and ultimately your student Visa process. Even though you can never expect to be fully prepared upon arrival, we hope these tips will help you prepare with ease.&nbsp;</p><p><strong>All the best!&nbsp;</strong></p><p>&nbsp;</p>

Planning to study abroad but the process seems overwhelming? Worry not. Take it step by step using our ultimate guide to your study abroad preparation. 

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Study Abroad in 2022: A Step By Step Guide 

<p>Do you aspire to study abroad but in a cheap and affordable manner. Well, this article is at your rescue. Did you know that some countries offer high-quality education at really cheap tuition fees? Read this blog post to know these countries and the top universities in these countries.&nbsp;</p><h3><strong>Germany&nbsp;</strong></h3><p>Germany offers high-quality education at a really affordable price making it one of the best destinations to study abroad. Free education in Germany can be availed at public universities for undergraduate and doctoral programs. Students only have to pay a semester fee of around 250 Euros. Master’s students have to pay a tuition fee of around 20,000-30,000 Euros if they haven’t done their masters in universities. Also, students in Germany have to spend around 800 Euros every month on their living costs.&nbsp;</p><h4><strong>Popular Universities in Germany&nbsp;</strong></h4><figure class="table"><table><tbody><tr><td><strong>University Name&nbsp;</strong></td><td><strong>QS world university ranking&nbsp;</strong></td></tr><tr><td>Technical University of Munich</td><td>50&nbsp;</td></tr><tr><td>Heidelberg University</td><td>63</td></tr><tr><td>Ludwig Maximilian University of Munich</td><td>64</td></tr><tr><td>Free University Berlin&nbsp;</td><td>127</td></tr><tr><td>Humboldt University of Berlin</td><td>128</td></tr></tbody></table></figure><h3><strong>Norway&nbsp;</strong></h3><p>Mainly known for its tourist spots, Norway is also a famous destination when it comes to higher education. Public universities offer education free of any cost to all students, both local and international, with only a small tuition fee of USD 35 TO USD 71 to be paid as semester fees. But even when the tuition fees are low, living costs in Norway are on the higher side. The annual costs of living in Norway are around USD 17000, although scholarship options are also available.&nbsp;</p><h4><strong>Popular Universities in Germany&nbsp;</strong></h4><figure class="table"><table><tbody><tr><td><strong>University Name&nbsp;</strong></td><td><strong>QS world university ranking&nbsp;</strong></td></tr><tr><td>University of Oslo&nbsp;</td><td>102</td></tr><tr><td>University of Bergin&nbsp;</td><td>199&nbsp;</td></tr><tr><td>Norwegian University of Science and Technology</td><td>369</td></tr><tr><td>University of Tromso The Arctic University of Norway</td><td>440&nbsp;</td></tr></tbody></table></figure><h3><strong>Taiwan&nbsp;</strong></h3><p>Taiwan is gradually growing as a popular destination for international students in Asia due to the government in offering more degrees taught in the English language. Tuition fees in Taiwan vary for different courses, universities, and subjects of study. There are several internships too available for international students funded by universities and the government. The living costs can go up to USD3700 per semester.&nbsp;</p><h4><strong>Popular Universities in Taiwan&nbsp;</strong></h4><figure class="table"><table><tbody><tr><td><strong>University Name&nbsp;</strong></td><td><strong>QS world university ranking&nbsp;</strong></td></tr><tr><td>National Taiwan University&nbsp;</td><td>68</td></tr><tr><td>Tsinghua University</td><td>180</td></tr><tr><td>National Yang-Ming Chiao Tung University</td><td>268</td></tr><tr><td>National Cheng Kung University (NCKU)</td><td>252</td></tr></tbody></table></figure><h3><strong>Malaysia&nbsp;</strong></h3><p>One of the cheapest countries to study abroad, studying in Malaysia is slowly gaining popularity among international students for higher education. What makes it even more popular is the presence of branches of universally acclaimed colleges, where students can study the same course at a much cheaper tuition fee. The average tuition fee is around USD 3950 per year. But the cost of living is considerably low, with students being expected to pay around USD 3440 to USD 4000 per month including accommodation, food, and transport.&nbsp;</p><h4><strong>Popular Universities in Malaysia&nbsp;</strong></h4><figure class="table"><table><tbody><tr><td><strong>University Name&nbsp;</strong></td><td><strong>QS world university ranking&nbsp;</strong></td></tr><tr><td>Universiti Malaya (UM)&nbsp;</td><td>59</td></tr><tr><td>Universiti Putra Malaysia (UPM)</td><td>132</td></tr><tr><td>Universiti Kebangsaan Malaysia (UKM)</td><td>141</td></tr><tr><td>Universiti Sains Malaysia (USM)</td><td>142</td></tr></tbody></table></figure><h3><strong>Belgium&nbsp;</strong></h3><p>Belgium is one of the world’s most attractive and contemporary countries. The country provides a great education, affordable tuition costs, the option to learn at some of Europe’s top universities, and the opportunity to experience the culture as well as lively local attractions in Brusells. Having said that, the average tuition cost for EU students is around 900 Euros per year, whereas non-EU students pay more than 4515 Euros (INR 3,64,388) per year. These numbers apply to all levels of education.</p><h4><strong>Popular Universities in Belgium&nbsp;</strong></h4><figure class="table"><table><tbody><tr><td><strong>University Name&nbsp;</strong></td><td><strong>QS world university ranking&nbsp;</strong></td></tr><tr><td>KU Leuven</td><td>45</td></tr><tr><td>Ghent University</td><td>103</td></tr><tr><td>University Catholique of Louvain&nbsp;</td><td>164</td></tr><tr><td>University of Antwerp&nbsp;</td><td>170</td></tr></tbody></table></figure><h3><strong>France&nbsp;</strong></h3><p>Every French institution provides a high-class education to students from all over the world, no matter where you travel in the nation. Apart from this, you also have the option to take the classes full-time or part-time. There are several areas that France excels in, so there is very less chance of you not finding a job after you take your degree. Popular educational disciplines include nuclear, space and aviation, economics, languages, teaching, art, history, medicine, science, and law. Non-EU students commencing their studies in France will pay an average of 2770 Euros per year for undergraduate and 3,770 Euros for master's degree. PhDs are the same price for all the students ie, 380 Euros on average.&nbsp;</p><h4><strong>Popular Universities in France</strong></h4><figure class="table"><table><tbody><tr><td><strong>University Name&nbsp;</strong></td><td><strong>QS world university ranking&nbsp;</strong></td></tr><tr><td>Université Paris Sciences et Lettres</td><td>44</td></tr><tr><td>Institut Polytechnique de Paris</td><td>49&nbsp;</td></tr><tr><td>Sorbonne University</td><td>72</td></tr><tr><td>Université Paris-Saclay</td><td>86</td></tr></tbody></table></figure><p>Hope you found this guide on the cheapest countries to study abroad useful. Planning to further your studies in one of these countries? Use <a href="https://hopremit.moneyhop.co/">HOPRemit</a> to send your college fee at the lowest exchange rates. &nbsp;<br>&nbsp;</p><p>Keep Hopping!<br>&nbsp;</p>

Want to study abroad but are not sure which country should you opt for. Most of the time the biggest constraint in this situation is your budget and the country you're planning to go to study. Check out these countries with cheap and high quality education.  

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Cheapest Countries to Study Abroad for Indian Students

<p>For most of us studying abroad means two things, either one opts for an advanced course with better facilities or one opts for a course that can give them a hefty package. The hard part is you don’t know which course will give you a high return and which won’t.&nbsp;&nbsp;</p><p>In 2020 according to a report, an average of 26% of students pursue business and management-related degrees while the other 18% pursue engineering degrees. But the corporate world is changing fast and one of the best ways to stay ahead is to break away from career paths everyone else is taking and forge new career paths.&nbsp;</p><p>Engineering, humanities, computer science, social sciences, and business are pretty common courses that people pursue abroad. But this also means that competition in these courses increases multifold each year. To break away from this mold you should pursue courses that will be in high demand in the future and will give you a great return on investment.&nbsp;</p><p>Here are 6 unique study abroad courses that will definitely give you a great return on your investment-&nbsp;</p><p><strong>Cybersecurity and Ethical Hacking&nbsp;</strong></p><p>Have you watched old cowboys movies? the good guys typically wore white hats and the bad guys wore black ones. In cyberspace, while black-hat hackers work on the dark side- using malware, ransomware phishing, and a range of other tactics to pull off virtual heists, their white hat counterparts use the same data to defend against future stampedes.&nbsp;&nbsp;</p><p>Ethical hackers are paid good money to try to break into computer systems. It is often said that to excel at their jobs, these cybercrime-fighters must “think like a black-hat hacker” — that they must understand a black-hat hacker’s strategies, and motivations in order to block intruders from illegally infiltrating networks and systems to engage in criminal activity. Doing this course will be beneficial as&nbsp;</p><p><strong>Average Package: </strong>10 lakhs per annum.<br><strong>Best location to pursue: </strong>USA, UK</p><p><strong>Bioinformatics&nbsp;</strong></p><p>One of the most up-and-coming fields in biosciences, Bioinformatics is an interdisciplinary field that combines biology and computer science. Bioinformaticians are responsible for several important arenas like analyzing the variations and the expressions of human genes and using data to infer more about protein sequences. Many Indian universities like IIT and top abroad universities like Stanford, MIT, Carnegie, Duke University, and others have some of the best Bioinformatics programs and in the time of a global pandemic, this career is more lucrative than ever.&nbsp;</p><p>The career prospects in the field of bioinformatics have further increased since the merging of information technology and molecular biology. Job prospects are everywhere ranging from biotechnology, hospitals, pharmaceutical, and biomedical sciences.</p><p><strong>Average Package</strong>:Rs. 6-7 Lakhs&nbsp;</p><p><strong>Best location for job</strong>: USA, UK, Germany&nbsp;</p><p><strong>Ecotechnology&nbsp;</strong></p><p>Ecotechnology is referred to the application of technology to manage ecosystems efficiently by understanding the essential workings of natural ecological systems and ensuring minimal costs and harm to the environment based on these principles. A course in Ecotechnology blends the knowledge pertaining to natural science, social science, and engineering with the objective to prevent and avoid environmental issues. Through the coursework one will explore the problems related to the environment from a global perspective and narrow it down to the grass-root level.&nbsp;</p><p><strong>Average Package</strong>: Rs. 5-7 Lakh&nbsp;</p><p><strong>Best location for job</strong>: Canada , Germany</p><p><strong>Econometrics&nbsp;</strong></p><p>This distinct specialization allows students to use statistics to anticipate economic policies. A practical example where you can use Econometrics is to predict the money that will be generated by a marketing campaign. If you spend a dollar extra on a campaign how much sales will it generate? Econometrics tools can calculate that. With a degree in Econometrics you can get a job as an accountant, financial risk analyst, investment analyst, etc.&nbsp;</p><p><strong>Average Package: Rs. 5-7 Lakh</strong><br><strong>Best location for job:</strong></p><p><strong>Data Science and AI&nbsp;</strong></p><p>Every business that runs today flows through a vital pipeline called data insights. From banking and finances to healthcare entertainment, and several other industries all depend on data. With data being the most significant source, you pursuing this course will be an asset for many businesses, and thus you remain in demand. This includes data mining, database management, data analysis, and much more. This is a mix of computer science, software development, statistics, machine learning, and domain knowledge.&nbsp;&nbsp;</p><p><strong>Average Package: Rs. 6-8 Lakh</strong><br><strong>Best location for job: USA, Switzerland, UK etc.&nbsp;</strong></p><p>All of these courses will be of great relevance in the future and will help you set your career apart and better than most.&nbsp;<br>Ciao!</p><p>&nbsp;</p>

Don't want to take up generic courses abroad? Check out these 5 courses that'll give you a great return on investment. 

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5 Unique Study Abroad Courses that’ll give you a great ROI 

<p>Just about two decades back people used to carry traveler’s cheques to transfer money abroad. But 20 years later this term is nowhere to be used. Why is that? What has replaced the traveler’s cheque in the 5G World?&nbsp;</p><h3><strong>What are Travellers Checks anyway?</strong></h3><p>Don’t be embarrassed if you don’t know the answer.&nbsp;</p><p>Traveler’s checks are paper documents that can be used like standard paper checks and cash in foreign countries. In earlier times, travelers carried these checks to pay merchants and to get cash in local currency. With the spread of digital payment options and access to the internet, they have become less popular and more difficult to use. They are costly and cumbersome, and cashing them requires a trip to the local bank or exchange office.</p><h3><strong>When are Travellers Checks useful?&nbsp;</strong></h3><p>Here are situations when you might want to use traveler's checks-</p><h4><strong>Low Access to Cash</strong></h4><p>In most places, you get cash in local currency easily at the ATMs. But there are countries where the communication network is usually down and ATMs are frequently out of cash. Traveler’s checks allow you to get local currency at banks, hotels, and foreign exchange offices with a familiar piece of paper. But converting a traveler’s check to cash can be challenging and time-consuming.</p><h4><strong>Currency Control</strong></h4><p>Buying traveler’s checks in your country helps you avoid high currency rate surprises. It may happen that you don’t get the best conversion rates at home, but at least you can secure a portion of what you need at current rates. &nbsp;&nbsp;&nbsp;</p><h4><strong>Evolution of Travellers Check&nbsp;</strong></h4><p>Traveler’s checks are not relevant in present times. Banks, hotels, and even merchants are not really accustomed to taking traveler’s checks from foreigners. Instead, people have shifted to following mediums to transact when abroad.&nbsp;</p><h4><strong>1. Credit Card</strong></h4><p>Credit cards are the best choice for big international purchases such as airline tickets and for reservations such as train tickets, hotels, and rental cars. Make sure you understand your banks' international transaction fees. The MasterCard and VISA networks automatically add a 1% surcharge but many banks add additional conversion fees.&nbsp;</p><h4><strong>2. Debit Card&nbsp;</strong></h4><p>No matter how digital most of the world is for some places cash is still the king. Rather than exchanging money or loading up your wallet with traveler’s cheques before leaving your country, use a debit card to access cash at local ATMs. Make sure to check your bank’s transaction fees before leaving home.&nbsp;</p><h4><strong>3. Forex Card&nbsp;</strong></h4><p>A forex card is a prepaid card that you can use for paying hotel bills, shopping, and other expenses when you travel overseas. These can be preloaded to withdraw cash in foreign currency make and payments while shopping. The only downside is that many cards have hefty fees such as an activation fee and a cash withdrawal fee. International exchange rates may be high. Check with your card issuer for a full list of fees.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p><h4><strong>4. HOP Card &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</strong></h4><p>HOP Card by moneyHOP is revolutionizing the banking industry by providing a borderless banking experience. They have introduced a debit-cum-credit-cum-forex card which you can use to transact money in any currency anywhere in the world. moneyHOP recently launched an HOPApp which comes with an international debit + FX card where you can spend and send money anywhere in the world seamlessly and to add a cherry on top, exchange rates are cheaper than a bank.</p><p>If you’re used to quick payments, <strong>traveller's cheques</strong> can be frustrating. There are more rules to keep in mind when you use the cheque. It’s hard to relax on your vacation with all these different problems. Your vacation should be worry-free. This is the reason why they have become irrelevant in the present day.&nbsp;</p><p>Instead of using HOPcard, you don’t have to worry about carrying local currency, multiple cards, and cheques around.&nbsp;</p><p>To know more visit moneyhop.co&nbsp;</p>

Traveller's cheques are no longer widely accepted and cannot easily be cashed, even at the banks that issued them. So what has replaced them. Read to find out. 

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Travellers Cheque And Their Alternatives in Modern World 

<p>Ja Simran ja… Ji le apni zindagi…</p><p>Yeah Sure</p><p>How we all wish for international travel to be that easy.</p><p>But is it?</p><p>Visa requirements, travel budget, duration, and each country's rules and regulations, the whole process can be overwhelming.But worry not. We are here at your rescue with our ultimate guide for your first international trip. It includes everything from how to get started with where you want to go to saving money once you’re abroad.</p><p>The world is finally returning back to normal after two years of pandemics. Planning a trip at this time is comparatively risk-free and will also be pocket friendly as most tourist places have fewer crowds.</p><p><strong>Read more</strong>: <a href="https://www.moneyhop.co/blog/plan-your-international-travel-destinations/">Plan your international travel destinations</a></p><h3><strong>HOW TO GET STARTED?</strong></h3><p>Planning an international trip may look daunting but is just a matter of some steps and methodological research. The enormous amount of information available on the internet can make the process of planning even more stressful. This guide works for any international trip, no matter how long you’re going! Just follow this checklist and you’ll be off in no time!</p><h4><strong>STEP 1. DURATION OF TRAVEL&nbsp;</strong></h4><p>Determine the duration of your trip and whether it is enough to fulfill the purpose of your travel. 5-day travel? 14-day trip? 1 month? 6 months? Budget travel? Backpacking? Luxury trip?...you get the point. You need not know the exact places you are going to travel but you should have a rough idea of what you want to sightsee and what you want to skip. For instance, if you only have a week, a trip to Europe doesn't make sense as there are so many countries to sightsee there. Also figuring out your budget is also something you should take care of before choosing your destination. Based on how much money you have, you can decide which location you can visit.&nbsp;</p><h4><strong>STEP 2: CHOOSE A DESTINATION&nbsp;</strong></h4><p>The second obvious step is to choose a location to travel to. If you carefully plan your vacation in advance, you could save some bucks and the entire cost of the trip will come out to be cheaper. It gets easier when you narrow it down and have a goal to work towards. It’s easier to say “I’m going to Santiago, Chile” than “I’m going somewhere in South America”. Not only will your trip become more specific and easier to commit to, but it will make planning easier because you know what to work towards. Get specific and detailed. The more focused and concrete your goal, the easier it will be to actually reach it.</p><p>When choosing a destination, you should consider what you like. Think of questions like-&nbsp;</p><ul><li>Do you like city life, beaches, or suburbs</li><li>What type of weather do you prefer?</li><li>Do you want adventure or relaxation?</li></ul><p>It’s a good idea to start by writing a list of your interests and then research where you can go taking into consideration your budget. Choosing your destination carefully is also important as you have to plan in advance for the Visa, and take care of the budget, and the weather at that place.&nbsp;</p><p>For instance, did you know that some countries give you incentives just to visit them?&nbsp;</p><p><strong>Read&nbsp; more:</strong> <a href="https://www.moneyhop.co/blog/get-paid-to-travel-countries-that-will-give-you-incentives-to-visit/">Get paid to travel: Countries that will give you incentives to visit</a>&nbsp;</p><h4><strong>STEP 3: GET VISA&nbsp;</strong></h4><p>If you don’t have a passport, get one immediately or check the expiration date of your present one. The whole process takes about a month. Also make sure your passport doesn’t expire within six months of your travel. You don’t wanna be stuck at an international airport because of your passport’s expiration date. Do research around the Visa interview process of countries like the USA, Japan, and Russia that reject Visa applications quite frequently.&nbsp;</p><p>So before doing any bookings get a Visa for your trip.&nbsp;</p><p>Did you know that some countries also provide Indians a Visa on arrival?&nbsp;</p><p><strong>Read More: </strong><a href="https://www.moneyhop.co/blog/disposable-income-digital-media-more-what%E2%80%99s-boosting-india%E2%80%99s-outbound-travel/">Countries with Visa on arrival for Indians in 202</a>2</p><h3><strong>STEP 4- MANAGE YOUR FINANCES</strong></h3><p>Budget is one of the most crucial aspects while narrowing down on travel destinations. Accommodation, transport, and flights comprise the most expensive elements in a trip, and since the place will be new to you, it is best to select accommodations that are maintaining all safety measures. So before you choose your destination, it’s essential to know your budget.&nbsp;</p><h4><strong>Research Your Costs</strong></h4><p>Do you want to stay at a hotel or do you need a zostel experience?</p><p>How many and how expensive local attractions do you want to sightsee?&nbsp;</p><p>Knowing this will help you estimate a rough budget for your trip.&nbsp;</p><p>Here is how to research costs:</p><ul><li>Check online for guidebooks</li><li>Ask your queries on some travel forum</li><li>Google prices for specific things you want to do, such as scuba diving, bungy jumping, winery tours, etc.</li></ul><p>For instance, let’s see… if you are planning a trip to Paris, and you need $80 every day and you’ll stay there for a week, the rough cost of the trip comes down to $560. Keep a sum of extra money too with you, since it’s good to have extra for your trip.&nbsp;</p><p>You may also be considering earning money even when traveling to not run out of all your savings.&nbsp;<br><strong>Read More: </strong><a href="https://www.moneyhop.co/blog/earn-money-while-travelling/">How to make money while traveling?<strong>&nbsp;</strong></a></p><h4><strong>Consider Exchange Rate</strong></h4><p>It is imperative to consider the purchasing power of the chosen travel destination’s currency to bear food and transportation expenses. It is a key determining factor that can affect the budgeting of your entire trip. With the financial losses incurred amidst the pandemic, you can opt for countries with weak exchange rates that make them highly affordable.&nbsp;</p><h4><strong>Get a zero balance international savings account&nbsp;</strong></h4><p>If you already have an International credit card, check the fine prints on it to find out if they charge a foreign currency transaction fee. If yes, find a card that doesn’t. All these hidden charges together make up a significant amount. International accounts allow you to hold an account and transact in multiple currencies, which means you can more easily mitigate and manage the risks associated with forex fluctuations. Companies like moneyHOP also provide an all-in-one debit + credit + forex card.</p><h4><strong>Switch to No-Fee ATM Card</strong></h4><p>You’ll obviously need money when you travel. Withdrawing money is something that you really can’t escape and after 2-3 withdrawals ATMs start charging a fee. Paying an ATM fee when you’re abroad for 1-2 weeks doesn’t matter much but if you’re abroad for months, this amount will be a lot. So switching to a no-cost ATM card is a good measure before your travel.&nbsp;&nbsp;</p><h3><strong>STEP 5- WHAT TO PACK</strong></h3><p>For this, you need to check the weather forecast of the place that you’re traveling to. You may also need to <strong>check the dress code</strong> of the country you’re traveling to. For instance, countries like North Korea and Saudi Arabia have strict dress codes for men and women.&nbsp;</p><p>Your accommodation can also make a difference when it comes to packing. For instance, if you are staying in a hotel throughout your stay you won’t need towels, a hairdryer, iron, etc. Also, keep in mind the activities that you’ll be doing during your stay while packing clothes and footwear. For example, yoga pants and sports shoes are a must for trekking.&nbsp;</p><p>Here is a list of all the travel essentials you’ll need for your trip&nbsp;</p><ul><li>Passport/identity card</li><li>International credit/debit card</li><li>First aid kit</li><li>Basic Medications</li><li>Charger/power bank for your electronics</li><li>Dry Snacks</li></ul><p>Also, some apps will be useful to you when you are on an international trip.&nbsp;</p><p><strong>Read More: </strong><a href="https://www.moneyhop.co/blog/top-8-must-have-travel-apps-for-frequent-travellers/">Top 8 must-have travel apps for frequent travelers</a></p><p>&nbsp;</p><h3><strong>STEP 6- KEEP AN EYE ON LAST MINUTE DEALS&nbsp;</strong></h3><p>Once you are inspired, prepared, and ready to travel abroad do research on the deals that you may have missed. You may be going to France but Berlin sightseeing may be better and cheaper. Or maybe you are getting 50% off on tickets to Greece. So last-minute deals can end up being a pleasant surprise for your trip. Therefore before booking your flight tickets and accommodation check for deals that may be good for you. These days finding good deals has become easy if you are flexible with your&nbsp;</p><p>But before you go buy that flight or book that hotel, check for deals you might have missed. You’ll be surprised on how much money you’ll save this way.&nbsp;</p><p><strong>Enjoy!&nbsp;</strong></p><p>That’s it, now you have everything you need for your trip.&nbsp;</p><p>Focus on making as many special memories as you&nbsp;<br>&nbsp;</p>

Are you thinking of taking a trip abroad but are too afraid to plan? Here's a guide just for you to get started. 

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Traveling Abroad? Here’s all you need to know

<p>Have you ever asked yourself, ‘ZNMD looks cool but who can travel for so long without working. The possibility of running out of money doesn’t ever let people take a chance on the long trips that they’ve been planning for so long. Traveling and working end up always being on opposite sides of a brawl.&nbsp; But have you ever considered earning money while traveling? Of course you have. That’s how you landed at our blog post. So here are 7 ways you can earn money while traveling.&nbsp;</p><h3><strong>1. Work remotely&nbsp;</strong></h3><p>After COVID-19, remote working has come up to become the most universally accepted truth. It has been fascinating to see how people have accommodated their big and small hobbies as a part of their daily routine. To the surprise of many managers the productivity of employees went up while working remotely and at the same time company costs went down.&nbsp;</p><p>But you may be wondering, if you have to do your regular job even after working abroad, then what’s the point. It won’t really be a holiday, but it’ll give you an amazing chance to break from your normal routine, a change of scenery, have fun experiences on weekends with people from all over the world. Best part is that you won’t have to worry about burning up your savings.&nbsp;</p><h3><strong>2. Earn from your Blog&nbsp;</strong></h3><p>If you feel writing is your strength and your experiences are worth sharing then start writing. At first your blog may not give you any returns, but after a while when it has enough followers and starts ranking on social media you can promote local restaurants and services on your blog and earn commissions and other perks.&nbsp;&nbsp;&nbsp;</p><p>These days even travel vlogging is gaining immense popularity since the internet has become accessible and cheap. But to gain credibility and trust of viewers and readers your content has to be consistent, which requires a lot of dedication but on the verge of creating adventurous and unique content you end up gaining a lot of new experiences too which is a win-win .</p><h3><strong>3. Buy Local Products and sell them online&nbsp;</strong></h3><p>There is a huge market for local and handmade products these days. You can source these products at a much cheaper price when traveling and can sell them at that time or from the comfort of your home. There are so many international ecommerce sites available these days that promote small businesses.&nbsp;</p><p>Make sure to check the authenticity of the product before selling and interact with locals to find where you can get the best price and quality. Also check the perishability and fragility of products that you buy so that you can deliver them to customers accordingly.&nbsp;</p><h3><strong>4. Fill Surveys and Earn&nbsp;</strong></h3><p>Yes, I was as surprised as you are. You can fill surveys online and get money. This won’t be enough to give you financial freedom but will be good enough for you to give some financial boost. Some popular websites to fill surveys are Swagbucks, LifePoints, Inbox Dollars, Survey Junkie etc.&nbsp;</p><h3><strong>3. Capture and sell&nbsp;</strong></h3><p>Is photography your inner talent? If so, then you can consider becoming a freelance photographer. In that case you can sell your photographs to websites like Shutterstock, 500px, and Etsy. These sites will take some commission from whatever you make by using them but it will be a good and easy way for you to make some pocket money while traveling.&nbsp;</p><h3><strong>6. Become a travel guide&nbsp;</strong></h3><p>It’s clear that you love traveling, given it’s something you are considering as a lifestyle. In that case for you to understand history and sightsee with detail must be a added quality. In such case you can consider becoming a travel guide for other tourists. Make sure that you have at least one location expertise and good people skills to offer. Sites like guidebuddy.me can help you become a travel buddy in the country for your choice. Anybody can sign up and with adequate knowledge, show around tourists in the destination.&nbsp;</p><p>Now that you know the ways to earn money when you are travelling also learn how you can save it. By making a single international banking account with apps like <a href="https://www.moneyhop.co/">moneyHOP</a> you’ll be saving a lot on maintenance charges that are usually charged by traditional banks.&nbsp;</p><p>So what are you waiting for. Start that trip you’ve been holding off for so long because of the fear of having no savings.&nbsp;</p><p>Keep Hopping!&nbsp;</p>

A major doubt for all travel beginners is that "How will I survive on the road?" or "How will I manage traveling long term?" Wanna travel and earn at the same time? 
Learn how to make money while travelling with these 6 easy and creative ways. 

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HOW TO MAKE MONEY WHILE TRAVELING 

<h2>&nbsp;moneyHOP launches an international debit card 2022</h2><p>&nbsp;</p><p>Have you ever imagined a world without borders where you don’t have to worry about converting currency at the last minute before a flight or go on a shopping spree while waiting for your transit flight. HOPApp is making it happen. moneyHOP recently launched an HOPApp which comes with an international debit + FX card where you can spend and send money anywhere in the world seamlessly and to add a cherry on top, exchange rates cheaper than a bank.</p><h3>What all can you expect from this global card:</h3><ol><li>Zero Balance Savings Account.</li><li>Fusion of Debit + FX Cards.</li><li>Real time currency exchange.</li><li>Control your withdrawal limit.</li><li>Withdraw cash in any ATM around the world.</li><li>Smart card controls to block and freeze your card.</li><li>Reward points and offers</li></ol><h3>Who can benefit from this:</h3><ol><li>Frequent international travelers.</li><li>Students who are going to study abroad.</li><li>Global Citizen.</li></ol><h3>Withdrawal Limit and Other Charges:</h3><figure class="table"><table><tbody><tr><td><strong>Description of Charge</strong></td><td><strong>Hop Global Card</strong></td></tr><tr><td>Average Monthly Balance Requirement</td><td>NIL</td></tr><tr><td>Charges for non maintenance of required balance</td><td>NIL</td></tr><tr><td>Alerts for transactions on the account</td><td>NIL</td></tr><tr><td>Electronic Funds Transfer (NEFT/ RTGS/ IMPS/IFT) Outward through App</td><td>NIL</td></tr><tr><td>Balance Enquiry</td><td>NIL</td></tr><tr><td>Debit Card Issuance Fee</td><td>NIL</td></tr><tr><td>"International ATM* (Cash Withdrawal and Balance Enquiry) Financial and Non Financial Transactions"</td><td>1-5 USD Equivalent</td></tr><tr><td>International POS transaction</td><td>Free</td></tr><tr><td>Annual Debit Card fees</td><td>NIL</td></tr><tr><td>Replacement of Debit Card</td><td>INR 250</td></tr><tr><td>ATM Transaction Charge at any ATM in India per month*</td><td><p>Own Bank ATM:</p><p>Financial Transactions: Free &amp; Unlimited Non Financial Transactions: Free &amp; Unlimited</p><p>Other Bank ATM:</p><p>Financial &amp; Non Financial Transaction: 5 Free transactions in a month ( post which INR 20 per transaction)</p></td></tr></tbody></table></figure><h4>Conclusion:</h4><p>The fintech revolution is here in India and is taking over the world. Don’t trust my words, open a Zero balance HOPApp account and try out the international debit card for free.</p>

moneyHOP launches a new international debit card 2022 to make cross-border payments seamless.

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 moneyHOP launches an international debit card 2022

<p>When it comes to sending money abroad from a different country, the majority of people prefer visiting their banks. For many decades banks have been considered as a reliable solution to transfer money. Unfortunately, that’s not true at all.&nbsp;</p><p>Many people might not be aware of it, but banks charge a hefty exchange rate (in addition to the regular transfer charge) that can easily hike up your overall expense drastically. Modern-day money-transfer solutions, on the other hand, can help you send money to a different country without falling victim to expensive exchange rates.&nbsp;</p><p>The looming question is: what is the inexpensive method to send money abroad?&nbsp;</p><p>This brief guide will walk you through 3-best alternatives to transfer money abroad at relatively lower exchange rates than a bank.&nbsp;</p><p><strong>1. moneyHOP&nbsp;</strong></p><figure class="image"><img src="https://lh6.googleusercontent.com/HmSNbyCvZ1vy6DJ7TfLKVEfE3bQpICkFcjSNbuqduQAsh3afFgOLaWToUCOohKdGyL41C6Dru0J451cBPA4IzFXCf6M3gJoVz4dLSlslIWyLHnRwmEfPkFak-Z8SRD5oPttB1nDU"></figure><p>moneyHOP is a full-stack cross-border neo banking solution which enables individuals and businesses to Send and Spend money conveniently and economically across the globe at any given time. Being a full-fledged money changer regulated by the RBI, the company provides a unified interface through which users can seamlessly transfer money between multiple accounts at a near IBR rate. moneyHOP aims to simplify the international banking procedures and help India go global.</p><p>However, this isn’t the only reason that makes moneyHOP a reliable banking solution in 2022. You can also use it to lock ‘lower’ exchange rates in advance and avoid a hefty fee while sending money abroad. In fact, you can lock these exchange rates as early as a month before you have to make the transfer.&nbsp;</p><p><strong>Why should you choose moneyHOP for sending money abroad?</strong></p><ul><li>Near-Zero Mark Up</li><li>Best-in-class exchange rates</li><li>Real-time currency exchange</li><li>Complete transparency , no hidden costs</li><li>360 Degree customer service</li></ul><p>Also, currently moneyHOP lets you wire money internationally at <strong>Zero Convenience Charges</strong>. You can now avail upto Rs. 10,000/- off per transaction while sending money abroad.&nbsp;&nbsp;</p><p>Also read: <a href="https://www.moneyhop.co/blog/You%20must%20know%20these%20things%20about%20Foreign%20Exchange%20Rates%20and%20International%20Money%20Transfer/">You must know these things about Foreign Exchange Rates and International Money Transfer (moneyhop.co)</a></p><p><strong>2. Direct Wire Transfer</strong></p><figure class="image"><img src="https://lh5.googleusercontent.com/vvQ0E6bngq_CIHe87wC5G3peK-6xMPK1eiP117546NkblecEwOxKDA3tFF0fMQp-Os2r5Ai75uUi9Ay4iN_RpNSECCQS2TXl90NQ-pDq2HSpB3Y3gqrp4818s5jc4_gsPyI9PrW2"></figure><p>Wire Transfer is another common way to send money abroad. It lets people from every nook and corner of the world safely transfer money without coming into physical contact with each other. Wire transfer can either be done via banks or through online services.&nbsp;</p><p>So if you’re planning to conduct an international wire transfer through your bank, the process will begin by telling them where to transfer the amount. Firstly, you need to provide the recipient’s information by going to a branch, filling out an online form, or even calling your bank.&nbsp;</p><p>You can look for third-party service providers that offer wire exchange and avail their services to transfer the amount. In many cases, if you research thoroughly, you may find a few financial institutions that offer lower exchange rates than your bank. However, we would like to point out that finding such institutions will most likely be a hectic task.&nbsp; Another option is going for online wire transfers since it provides you with greater flexibility when it comes to selecting exchange rates.</p><p>To learn more about international wire transfer, also read: <a href="https://www.moneyhop.co/blog/everything-you-need-to-know-about-international-wire-transfer/">Everything You Need To Know About International Wire Transfer (moneyhop.co)</a></p><p><strong>3. Internet Banking</strong></p><figure class="image"><img src="https://lh5.googleusercontent.com/Mkjw9mT2kn6f7ti3rgoBcRcQCWSQ8MT7F24KTqP28AotHSrqln_aFBwWx0qjy1we8Foxh0Hnriqhotg0Y-oV0wdAw4pdJ9cIF-V4VQnnKWMJKB1YYBJ3mlX2TZ4YCnE6Lx3Xa1do"></figure><p>If you have availed e-banking services for your bank account, you don’t have to visit the bank or any third party to make the transfer. Simply log into the online portal and you’ll find a dedicated “foreign exchange” tab right on your screen. Internet banking is among the most convenient ways to transfer money worldwide. The only downside of this method is that you cannot lock exchange rates in advance and you’ll have to pay according to the current currency exchange rates while sending the money.&nbsp;</p><p><strong>Final Thoughts:</strong></p><p>So, that concludes our guide on the best ways to send money abroad while staying away from hefty exchange rates. It doesn’t matter to which country you want to send the money, the above-mentioned solutions will allow you to find the best exchange rates and save a decent amount during international money transfers.&nbsp;</p>

When it comes to sending money abroad from a different country, the majority of people prefer visiting their banks. For many decades banks have been considered as a reliable solution to transfer money. Unfortunately, that’s not true at all. 

Many people might not be aware of it, but banks charge a hefty exchange rate (in addition to the regular transfer charge) that can easily hike up your overall expense drastically. Modern-day money-transfer solutions, on the other hand, can help you send money to a different country without falling victim to expensive exchange rates. 

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Inexpensive Ways to Send Money Abroad from India

<p>Studying abroad comes with a plethora of benefits. An international degree will not only unlock better career opportunities, but it’ll also allow you to meet individuals from different cultures. However, there's also no denying that studying in a different country, be it the USA or Canada, is quite expensive.&nbsp;</p><p>In addition to the regular tuition, one also has to deal with several other expenses in their daily life. This is the reason why the majority of Indians end up signing up for different jobs while studying abroad. If you have recently joined an international college and already set foot in another country, it’s no surprise that you’d be trying to find a relevant job to manage your expenses.&nbsp;</p><p>To make your job easier, we have compiled a list of the 3 best ways to make money as a student in a foreign country.&nbsp;&nbsp;&nbsp;</p><p>&nbsp;</p><h3>1. Get a Part-Time Job</h3><figure class="image"><img src="https://lh5.googleusercontent.com/gF5Pqdkl6vpWLXtjeKWjW598dj6RRWLpPOcSHA_5VrfC3t8F8-bmVyZd3caosKEjJ45jPvCMyf_25-nE52Y77PN-jL3-D7I34qa0ojX0Mqxl0E5FP5x9g_afBNkYIa9avt7jMqi-"></figure><p>The easiest and probably, the most common way to make money while studying abroad is to search for a part-time job. Many countries allow students to work for a dedicated number of hours in a week. So, you can look for jobs whose shifts fit right with the permitted working hours. These jobs include almost everything, starting from a cashier to a waiter.&nbsp;</p><h3>2. Look for On-Campus Jobs</h3><figure class="image"><img src="https://lh3.googleusercontent.com/XQzkJNRvYmojsGgznvOhmUjTxR2QydcHor0wyJZ1riTYkYZ1igWC5289mWWg0_JheNz82m-9sAh_TkwxLmPml95XetR9flXEz11zMKCxwkZsJvuAlVp-Y0U5CtvYsnjy4sfSWxXN"></figure><p>Even though on-campus jobs don’t pay as much as regular ones, they are still a good option for students who are looking for a workplace near their university. Many colleges offer on-campus jobs where students can work as interns or volunteers (of course paid ones) under professors and assist them with their daily schedule.&nbsp;</p><h3>3. Work as Freelancer</h3><figure class="image"><img src="https://lh6.googleusercontent.com/-zhrhlbRYSJCmzDfN06kVOMzmUKhQrvcmYM1G6Ii2jaYrVyNnT2qr7qFW-_efU-BhyDdMqo9aI8_xInao2rfusJjS4UZaBrG0dZG5TSgIvpJEeLT1KCehbSBEcWj63FmeYqAu2mt"></figure><p>Now, one of the most underrated ways to make money as an international student is to offer freelance services to different clients. Let’s say you know how to build a website or have enough camera gear to shoot events/weddings. In this situation, instead of signing up for random jobs, you can simply utilize your talent and turn it into a profession. And, if nothing works, you can also start a YouTube channel to showcase your daily life to the audience.&nbsp;</p><h3>4. Become a part-time tutor</h3><figure class="image"><img src="https://lh4.googleusercontent.com/AoEF-5GVTq4Yq_1ZCdKnL5CF2oeZVfvbLEoy3JZMYWZCinhpztXm2nWJZs03xI1tWXk19WPR2wxD2Mu_bXrL0BOhyAtHDMxWFWn85gnXrqbZGR6ydZuVFKx26ErvNBkabMZR5E11"></figure><p>Let’s admit it, being a college student is not easy. You have to juggle between classes, viva, assignments, exams, and practical on a daily basis. With so much of workload already existing, squeezing out time for working shifts in a restaurant or any retail store might not be a feasible idea. And that is why, tutoring is one of the best options since it allows you to set your <i>own </i>hours and earn money conveniently. No, you need not take up heavy subjects to become a great tutor. For starters, you can just start with teaching preliminary level students and help them with their homework and school assignments and at the same time still manage to focus on your university/college studies.&nbsp;</p><h3>5. Become a babysitter/ pet sitter</h3><figure class="image"><img src="https://lh4.googleusercontent.com/woPjWUEHM-CogpEocc_1hooNpZnD8PyliLs4GupElUpTSGur6hE1he0ABKo3eHJlyiFxpE3oYBL9DthOxbxLsZgKxz-H4_UJeG2f5Iiy5WbL_EUhyZtKZhvilALizvWuNBVwQldB"></figure><figure class="image"><img src="https://lh5.googleusercontent.com/wRgYM686D9Zv_43morc_-uHstVyEUjZncZmh224livyDqt9cZoNyfwyrIUxrowzliqri1OorVUIdLMqkrcrrT6Ph3dfhiCk6rTqDvWq3rqImfAqDOkfBRwRl2FoglEDSBNeZ86ya"></figure><p>Now while many might consider this as not one of those lucrative options, babysitting or pet sitting is actually a decent way to not only earn pocket money but it also is less exhausting compared to the other options mentioned above. Most working parents are on the lookout for a trustworthy babysitter/pet sitter and are even ready to pay handsomely. All you need to do is be patient, have a playful attitude that lets you have some fun-time and forget about the stress back at college.&nbsp;</p><h3>Final Thoughts</h3><p>No doubt, the expenses of living student life in a foreign country are relatively higher, but there are multiple opportunities that you can grab to make money. However, if you want to manage your expenses more efficiently, it would be critical to use a reliable banking solution such as MoneyHop. It’s an online platform that’s specifically tailored for millennials and students to help them manage their expenses with minimum hassle. With MoneyHop, you can invest, borrow, and find the best interest rates using the same platform. If you want to send money home or to another country, MoneyHop will also allow you to book lower exchange rates in advance and avoid paying a hefty amount at the end.&nbsp;</p>

Studying abroad comes with a plethora of benefits. An international degree will not only unlock better career opportunities, but it’ll also allow you to meet individuals from different cultures. However, there's also no denying that studying in a different country, be it the USA or Canada, is quite expensive. 

In addition to the regular tuition, one also has to deal with several other expenses in their daily life. This is the reason why the majority of Indians end up signing up for different jobs while studying abroad. If you have recently joined an international college and already set foot in another country, it’s no surprise that you’d be trying to find a relevant job to manage your expenses. 

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5 Easy Ways to Earn Money While Studying Abroad

<p>After hailing so many Uber rides over public transport, I can’t even imagine a time when it wasn’t around. How did nightlife thrive without it? I mean, how did the drunk even reach home?&nbsp;</p><p>Over the last few decades, all the industries have undergone technological shifts that seem crucial to life as we know it today. Even though most industries underwent these shifts, banking was left behind. But fortunately, that’s changing, all thanks to the emergence of neobanking.</p><p>Media has been touting neobanks in India as the next big thing. Many people are starting to question- What are neobanks? Will neobanking transform the banking experience? Let’s find out.</p><h2>What Is a Neobank?</h2><p>Neobanks are financial institutions that are available online-only, meaning they are a kind of digital bank that does not have any branches. Instead of being physically present at a specific location, neobanking is completely online.&nbsp;</p><p>Neobanks are also called fintech firms that provide financial solutions like multi-currency accounts, payments, money transfers, investment, money lending, and more. Neobanking is the most appealing to tech-savvy consumers who prefer doing most of their work through their mobiles.&nbsp;</p><p>Just like any other industry, the financial landscape is also shifting towards customer satisfaction and experience. Traditional banks have created a gap between what they offer to what customers expect. Therefore, Neobanks are here to fill this gap.</p><p>Most traditional banks crumple when it comes to providing financial services like payment gateway, multiple views of cash management, and many others. This inconsistency, along with the ignition of mobile technology, it only makes sense that banking services merge with digital technology.</p><p>Neobanks do not integrate new technologies solely for the sake of being leading-edge. In fact, by getting rid of the physical branches, neobanks often save on the costs which allows them to cut fees for the customers and expand their services. Neobank customers often enjoy higher-than-average interest rates and fewer fees due to their slimmed-down model.&nbsp;</p><h2>How does neobank work?</h2><p>Neobank accounts are easy to set up. In most neobanking scenarios, one can establish a relationship and start to use its services without involving any physical paperwork. All you will need is to download the app and sign up.</p><p>In very few cases, neobanks are incapable of replacing traditional banks. Therefore, there are a few neobanks that allow you to link your traditional bank accounts to your neobank account to give you the best of both the worlds.</p><p>From a customer’s standpoint, neobanking may just be an app that they use for managing their money and making financial decisions. Neobank offerings are pretty similar to those at traditional banks albeit more easy and accessible. Hop Financials is a blooming player in the field of neobanking in India that has a plethora of services to offer, they generally include:</p><ul><li>Savings accounts</li><li>Multi-Currency accounts</li><li>One global card</li><li>International money transfer</li><li>Payment services</li><li>Money transfer services</li><li>Budgeting services</li><li>Investment services</li><li>Credit services</li><li>Financial education tools</li><li>Rewards</li><li>24*7 support</li></ul><p>Unlike a traditional bank, neobanks have a totally different business model. One similarity can be that neobanks also earn marginally between lending and money inflow.&nbsp;</p><p>As we already discussed, the absence of physical location cuts down the customer fees by a significant amount. Neobanks also provide personalized services fired up by technology to their customers as they are very customer-centric.</p><p>The decision-making process in neobanking is data-driven. Since the neobank platforms are modernized, they can easily collect and analyze data. This helps them in understanding how their customers act in the neobanking ecosystem. Based on the analysis, the neobanks create groups of customers based on their activity instead of just sticking to a few data points.&nbsp;</p><p>Neobanks are also as secure as traditional banks or even more secure. We can take the example of ‘Hop’- it is a full-fledged money changer regulated by the Reserve Bank of India (RBI). Like any other bank, Hop employs a range of security measures that ensures that both your money and details are safe. Hop also provides smart app controls like freeze, block, pin-reset, etc. within the app.</p><h2>What are the pros of neobanking?</h2><p>As neobanks are completely online, they have a lot to offer. Neobanks in general provides a wide range of advantages for the customers. However, Hop stands out among the neobanks in India with its astonishing features. Hop opens up a wide window of advantages for you. I have listed some key points that may interest you in opting for Hop:</p><h3>Quick account creation</h3><p>I am fully aware of the pain you go through for creating an account in your traditional bank. The process of opening up an account with a traditional bank may not be as elaborate as before, but it’s still lengthy and tedious. This tedious process is eliminated while opening an account with Hop.</p><p>As we discussed earlier, Neobanks do not have a storefront. Therefore, you don’t have to go anywhere for opening an account. Just a couple of simple steps to follow while sitting at home and your account is ready to go.</p><h3>Seamless international payments</h3><p>Hop provides a ‘One Global Card’ that can be used anywhere around the world. Make online payments, Withdraw from ATMs, Tap, or Swipe it anywhere around the globe. Not just this it also allows you to transfer money internationally without charging you extra.&nbsp;</p><p>However, in the case of traditional banks, you mostly don’t get a card that can be used anywhere in the world. Even if they do, it requires a request for upgrade, lots of paperwork, and then finally an international debit card.</p><h3>User-friendly</h3><p>Hop is all about providing an excellent customer experience. We make sure that you do not have to work through a glitchy net banking site or a mobile app that isn’t responsive. The ‘Hop-Money Matters’ app is very user-friendly, crisp, and easy to navigate.&nbsp;</p><p>Unlike traditional banking apps, neobank apps are well-designed and highly responsive for making the customer’s experience better. In fact, 'easy to use' is the key highlight in neobank apps that make it a hit amongst its customers.</p><h3>Quick reporting</h3><p>Transactions made via Hop go through instantly and so the transaction details are recorded instantly too. This provides you with an up-to-date balance of your account, at all times. All the payments and transactions can be found on the app and so, you don’t have to go anywhere for this information.&nbsp;</p><h3>Overview of your expenses&nbsp;</h3><p>With Hop, your expenses won’t be a mystery anymore. It allows you to track all your expenditures in one place. Hop also allows you to set daily or monthly budgets to help you have better control over your finances. This helps you in managing your finances in a very informed manner.&nbsp;</p><p>Just like Hop, all neobank apps provide you with an overview of your expenses by categorizing them for your convenience. Neobank apps also have a savings goal feature that can be customized to best suit your requirements.&nbsp;</p><h3>All in one</h3><p>The Hop app is literally loaded with features. You can do everything possible with your money in an app. All features from, on-app spend notifications, international money transfer, best interest rates, instantly updated transactions, investment, and what not!</p><p>Neobanks are known for allowing their customers to do the majority of their banking through a smartphone app. So many features also make basic banking tasks very easy and accessible for you.</p><h3>Super Safe</h3><p>Hop is a full-fledged money changer regulated by the Reserve Bank of India (RBI). Therefore, money deposited with Hop is not only secure as it would be in a regular bank but also easily accessible. Hop employs a range of security measures that ensures that both your money and details are safe.</p><p>In fact, neobanks are 10x better than banks at keeping your money secure by providing you with features like freeze, block, pin-reset, etc. with one app. As neobanking gives you the convenience of banking with your mobiles, some security responsibility also falls on the user - just like using an app with your current bank.&nbsp;</p><h2>Neobank vs. Traditional Bank&nbsp;</h2><p>The fundamental difference with Neobanks vs. traditional banks is that neobanks are usually more convenient for those who are deterred by the traditional banks dominating the high street. That is the reason why neobanks are also known as ‘challenger banks’.</p><p>&nbsp;</p><p>By and large, neobanks and traditional banks have the following differences.</p><p>&nbsp;</p><figure class="table"><table><tbody><tr><td>&nbsp;</td><td><strong>Traditional bank</strong></td><td><strong>Neobank</strong></td></tr><tr><td>Time established</td><td>Centuries ago</td><td>Last 5 - 10 years</td></tr><tr><td>Fees</td><td>Complicated, multiple ongoing costs</td><td>Transparent, very few costs</td></tr><tr><td>Platform&nbsp;</td><td>Physical banking institution</td><td>Completely digital</td></tr><tr><td>Bank branches</td><td>Yes</td><td>No</td></tr><tr><td>Banking license</td><td>Full</td><td>Partial or full or Sponser Banking Agreement</td></tr><tr><td>Banking processes</td><td>Lengthy and manual</td><td>Quick and automatic</td></tr><tr><td>Customer relationship</td><td>Long-term, tries to keep customers</td><td>Virtual, flexible, no long contracts</td></tr><tr><td>Support</td><td>In-person, Telephone</td><td>Telephone, Chatbots, WhatsApp.</td></tr></tbody></table></figure><p>&nbsp;</p><h2>The road ahead</h2><p>Neobanks are the new wave as it has completely revolutionized how banking was done. Neobanks have transformed banking to easy and convenient from too complicated to comprehend. Banking is no more linear with neobanks.</p><p>Neobanks can’t just capitalize on the momentary success if they want to survive. What they need is to carve a niche for themselves by offering features that cannot be done without. And this is what we, at Hop are determined to do each day.</p><p>We are very excited to find out how the market responds. We are also exhilarated to see how the regulatory hurdles pan out and when they do, we would love to keep you in the loop. Happy Banking!</p>

After hailing so many Uber rides over public transport, I can’t even imagine a time when it wasn’t around. How did nightlife thrive without it? I mean, how did the drunk even reach home? 

Over the last few decades, all the industries have undergone technological shifts that seem crucial to life as we know it today. Even though most industries underwent these shifts, banking was left behind. But fortunately, that’s changing, all thanks to the emergence of neobanking.

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Everything you need to know about neobanking

<p>Whether you work abroad or send money abroad to support your child's education, you must be aware of certain foreign exchange rate facts to get the most out of your overseas money transfers.</p><p>While it is much easier to let banks or other international money transfer providers handle your money, you may end up losing large sums of money due to hidden costs or FX spreads that these institutions charge you without your knowledge. Therefore, it is critical to have a basic understanding of FX rates and how the market influences them.</p><p>Read our article ‘<a href="https://www.moneyhop.co/blog/sending-money-abroad%E2%80%93are-you-being-cheated/">Sending money abroad – Are you being cheated?</a>’ to understand how international fund transfer providers get the best out of&nbsp; YOUR money.</p><p>And if you thought learning about foreign exchange rates wasn't your cup of tea, we've got you covered with this layman's guide to FX rates. Get going, fellas!</p><h2>What is Foreign Exchange Rates?</h2><p>A foreign exchange rate is the price of one currency expressed in terms of another. In other words, a foreign exchange rate compares the relative values of two currencies. Because standardized currencies around the world fluctuate in value in response to supply, demand, and consumer confidence, their relative values change over time.</p><p>For example - if the USD to AUD exchange rate is 1.30, then it will cost a person 1.30 AUD to buy 1 USD. Here, the exchange rate is 1.30.</p><p>Learn more about <a href="https://www.moneyhop.co/blog/factors-that-shaped-usd-to-inr-exchange-rate/">Factors that shaped USD to INR Exchange Rate</a>.</p><h3>What is the Real-Time Foreign Exchange Rate?</h3><p>The rates that an international money transfer provider receives from their rate provider are referred to as real-time foreign exchange rates. This rate does not include any profit margin mark-up.</p><h3>What are the benefits of Sending Money Abroad with Real-Time FX Rates?</h3><p>When an international money transfer provider sends your money abroad using Real-Time FX Rates, they do it without adding any profit margin. This may save you some bucks depending on the&nbsp;</p><p>You may be wondering why banks and other international remittance providers add profit margins to FX Rates, and if they ever provide customers with Real-Time FX rates. Continue reading to learn more.</p><h3>What/Who decides FX Rates?</h3><p>In India, no single institution or authority determines foreign exchange rates. India has a floating exchange rate system, which means that the rupee's exchange rate with other currencies is determined by market factors such as demand and supply.</p><p>For example, if the demand for US dollars rises, the value of the dollar rises. This is currently the case, as India imports more goods from the US than India exports to the US. The imported goods must be paid for in US dollars by local Indian traders. As a result, they purchase US dollars by exchanging them for rupees, increasing demand for USD and assisting it to appreciate in relation to the rupee.</p><p>Aside from demand and supply, the following five factors are widely accepted as being the driving force determining a currency's exchange rate:</p><ol><li><strong>Inflation in the country</strong></li></ol><p>The price of goods or services will rise if they become scarce or if money is in short supply in the economy. This is referred to as inflation. Inflation reduces the purchasing power of the currency and thus its value.</p><ol><li><strong>The interest rate or repo rate</strong></li></ol><p>The RBI determines India's interest rate, which is currently set at 6.5%. It is the interest rate at which the Reserve Bank of India lends money to Indian banks. Investors would rush to buy government bonds if interest rates rose because the returns would be higher. The rupee will be in higher demand, and its value will rise as a result.</p><p>The disadvantage of a higher interest rate is that when banks lend money to people, they will charge an even higher interest rate than what the RBI charges in order to make a profit on their loans. This may deter people from starting a business or taking out a loan to buy a house, car, or further their education. Without the flow of capital in the form of loans, a country's economic activity may be stifled and slowed.</p><ol><li><strong>Level of current account deficit</strong></li></ol><p>A country's foreign transactions are represented by its current account. A current account deficit indicates that a country spends more money importing goods and services from other countries than it earns through exports. Because imports must be paid in foreign currency, the demand for that currency rises, and its value rises in relation to the rupee. If, on the other hand, exports outnumber imports, the rupee's value will rise in relation to the foreign currency.</p><ol><li><strong>Import and export of gold</strong></li></ol><p>Above, we discussed the impact of the current account deficit on the exchange rate. When a country imports more goods than it exports, the value of its currency falls.</p><p>The direct impact of this can be seen in India in the case of gold imports.</p><p>Did you know that India is the world's largest importer and holder of gold?&nbsp; It is estimated that the locals own up to 25,000 tonnes of gold.</p><p>Countries that excel at manufacturing a wide range of gold-based products but lack large gold reserves end up importing large quantities of gold. These countries' currencies will be generally weaker. Therefore, When the price of gold rises in the international market, the strength of the Indian rupee falls.</p><ol><li><strong>Amount of public debt</strong></li></ol><p>If a country has a high level of budget deficits and borrows to cover these costs, its currency's value falls. How does this happen? Inflation is extremely likely in a country with a large amount of public debt. To pay off its debts, it must either print new currency (which raises inflation) or increase the sale of securities to foreign investors, which lowers their prices. If the debt is too large, and investors aren't confident in the country's ability to repay its debts, they won't buy securities denominated in that currency. As a result, inflation will rise while currency valuations will fall.</p><ol><li><strong>Stability and economic growth</strong></li></ol><p>Foreign investors want to make money from their investments. As a result, in order to attract investments, a country must have a stable government and sound economic policies.</p><p>More foreign investments imply increased demand for the rupee, and thus its value will rise.</p><h3>Where is the Foreign Exchange Market?</h3><p>Unlike stock markets, which have a centralized physical exchange, the foreign exchange market is an over-the-counter (OTC) market, meaning that trading takes place directly between two parties without the involvement of an exchange. There is no such thing as a centralized foreign exchange market!</p><p>Participants in an OTC market trade with one another via various communication channels such as the phone, email, or proprietary electronic messaging/trading systems. In terms of trading volume, the foreign exchange market is by far the largest in the world, with participants including banks, hedge funds, central banks, investment management firms, international corporations, retail forex brokers, and investors.</p><h2>What are foreign exchange rates used for?</h2><p>Foreign exchange rates are used for sending money abroad, trading in the foreign exchange market, and so on. They act as a point of reference for two parties interested in conducting a foreign exchange transaction.</p><h2>Do International Money Transfer service providers give their customers Real-Time Rates?</h2><p>When you go to a bank or most other international remittance providers to convert currencies, you are unlikely to get the market price that traders do. The bank or international money transfer service providers will markup the price to make a profit.</p><p>If the USD/AUD exchange rate is 1.30, the market is indicating that it costs 1.30 Australian dollars to purchase a US dollar. However, it may cost 1.40 Australian dollars at the bank. The difference between the market exchange rate and the exchange rate charged by banks is where banks make their money.</p><p>To calculate the percentage difference, divide the difference between the two exchange rates by the market exchange rate:&nbsp;</p><p>1.40–1.30 = 0.10</p><p>0.10/1.30 = 0.076.&nbsp;</p><p>To calculate the percentage markup, multiply the result (0.076) by 100:&nbsp;</p><p>0.076 x 100 = 7.6 %</p><p>However, because it is an OTC market, you cannot see the exact price at which your currency is converted by the bank.</p><p><a href="http://moneyhop.co/send">HOPRemit</a> is an RBI-regulated international remittance platform that enables users to send money abroad at near 0% markup. With HOPRemit, the entire process of international remittance is paperless and economical. The most amazing part, you can complete the international money transfer from wherever you are!&nbsp;</p><h2>Are international remittance providers allowed to add a markup and charge fees?</h2><p>Yes, international money transfer providers are allowed to add markups. It is an authorized business practice. However, it is unjust from the perspective of the client because they end up losing a significant portion of their money to the international money transfer service provider.</p><h2>How to verify if the exchange rates offered are real-time?</h2><p>Live conversion prices can be found on websites such as HOPRemit, Google, xe.com, Reuters, Google, and others. These are some of the most trustworthy sources for real-time currency exchange rates. There will invariably be a difference between the rate offered by your international money transfer service provider and the rate displayed on these websites.</p><p>Therefore, you should opt for trustworthy and economical international remittance providers like HOPRemit, XE, and others.</p><h2>Can International Remittance providers be sued for adding markup to their FX rates?</h2><p>That is not an option because it is a valid business model. Central banks, which regulate banks, do not instruct them on the foreign exchange conversion rates they charge their customers.</p><p>But guess what? You can completely avoid unfair FX rates by using a remittance platform like HOPRemit, which provides real-time foreign exchange rates on your international money transfers.</p><h3>Conclusion:</h3><p>If you send or receive money on a regular basis, staying current about these things will allow you to better evaluate the best time for international money transfers. To avoid potential drops in currency exchange rates, use a <a href="https://www.moneyhop.co/blog/international-money-transfer%E2%80%93jargons-decoded/">locked-in exchange rate</a> service, which ensures that your currency is exchanged at the same rate regardless of any factors that influence an unfavorable fluctuation.</p>

Whether you work abroad or send money abroad to support your child's education, you must be aware of certain foreign exchange rate facts to get the most out of your overseas money transfers.

While it is much easier to let banks or other international money transfer providers handle your money, you may end up losing large sums of money due to hidden costs or FX spreads that these institutions charge you without your knowledge. Therefore, it is critical to have a basic understanding of FX rates and how the market influences them.

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You must know these things about Foreign Exchange Rates and International Money Transfer

<p>As the famous saying goes, “Home is where the heart is.” And none understands this better than a student who has to leave his nostalgia and comfort at home and fly abroad to fulfil his/her academic goals. But, finding a home away from home is easier said than done.&nbsp;</p><p>We understand how important having the right base is, and we'd like to help you find the right accommodation that also fits your budget.</p><p>So if you are an international student looking for a place to stay during your studies, then you're in luck! There are many websites that can help you find the perfect accommodation. In this blog post, we will list five of the best websites for finding student accommodation. Keep reading to learn more.</p><p>Here’s a list of the best platforms that’ll help you find accommodation in abroad countries.</p><figure class="image"><img src="https://lh6.googleusercontent.com/r5wxykCrmRSn_I4X20GGZlOqVMYe_fD9AMFOfcbMQOC3eDb92T_CiyblTy4yX_DT8v4TmYDwqhr-6hi1qM0EzELRFbcmhaLoj0i90_ziJ9ijehGqg02cLDLpWosVgyo9EQ1jOyrY"></figure><p><a href="https://amberstudent.com/places/leads?utm_source=go-abroad&amp;utm_campaign=partner">1.AmberStudent</a>: A One-click platform, AmberStudent is one of the top picks when it comes to providing authentic and economical accommodation to cross-border students. The website lists over 200k+ rooms spread across the UK, Australia, and several major education hubs of the world such as the USA, Ireland, Germany to name some.</p><p>From its plethora of choices such as private studios, shared en-suites, single/dual occupancy rooms located adjacent to the prestigious universities, AmberStudent provides a home away from home to students without the hassle of negotiation, non-standardised and tedious paperwork, lack of credit score, and scattered broken payment process.&nbsp;</p><p>In just one click, students can get a virtual tour of the space and also get an idea of what they’re getting into. In addition, AmberStudent has partnered with various service providers (Forex, luggage transfer, airport pickup/drop, international SIM, etc.) to ensure the complete wellbeing of our students.&nbsp;</p><figure class="image"><img src="https://lh4.googleusercontent.com/J3SusrV0GtTezy36xWWK4YJHcHN27FutnlxL_pWjjfmXk27CMJT1QCtk21yeq2MFNQt00qeI0dg7xzZHUybYu5ScR7HF4TddV18QGpARspXw3PrbsRzHLPxCF7MTi1YJTSnnBGev"></figure><p>2. <a href="https://www.uniplaces.com/?utm_source=goabroad_partners_prospecting_demand&amp;utm_medium=goabroad_portugal_xx&amp;utm_campaign=goabroad_dynamic">Uniplaces</a>: Started by three friends in 2013, Uniplaces <i>unites </i>the objective of making cross-border living easy and cool by offering unique places for students, young workers, digital nomads, travellers, and families. One of the fastest growing international website for booking mid and long-term rentals, Uniplaces is currently present in different cities like London, Lisbon, Porto, Barcelona, Madrid, Milan, Rome, Berlin, Paris, and many others and is also planning to expand regions of Europe. Be it pocket friendly or a luxurious stay, Uniplaces has the largest choice of verified accommodations that can match up to any budget and preference.&nbsp;</p><p>One of the prime factors that add to Uniplace’s favorability is its high market reputation that squares in new customers and&nbsp; its websites’s user intuitive interface that requires minimal navigation and makes room for fast and effective communication.&nbsp;</p><figure class="image"><img src="https://lh4.googleusercontent.com/DgLNmC2ettW813gPtL6ecQSSw3ue5WWsoDTWpw9l2rhELWG0_KKNcw43fCgKxgOcjPPTVpo7jLs8_HqYJdRDsURsSJ_-qOOizRF5wqsXF8DCDmuR2SkhKq3Vv_Vw-IHH9vKOJ21O"></figure><p>3. <a href="https://www.nestpick.com/?utm_source=affiliate_goabroad&amp;utm_medium=affiliate&amp;utm_campaign=affiliate">Nestpick</a>: Not sure if your stay abroad accommodation is fully furnished or not? Nestpick is the best place that puts to rest such worries. With one of the biggest databases for furnished apartments, Nestpick lets users browse through more than 3 million listings from over 200 providers like Spotahime, ErasmusU, Student.com, and many more all under one roof. Now students can easily pick their preferred stay-room, flat, or entire villa in just a few clicks.&nbsp;</p><p>Nestpick offers nearly 25k choices in top cities like London, Madrid, Barcelona, Amsterdam, to name a few. The website’s streamlined search enables you to exactly figure out your home away from home without going through the hassle of determining whether your apartment will be furnished or not.&nbsp;</p><p>Also read: <a href="https://www.moneyhop.co/blog/top-7-study-abroad-consultants-in-india-2021/">Top 7 study abroad consultants in India - 2021 (moneyhop.co)</a>&nbsp;</p><figure class="image"><img src="https://lh6.googleusercontent.com/GZOCA9ysh_JoVTzHNkCE8l1n2hA47x8-1KXALJPqvESHisoUzotjQmqiv1z9YQ15TVGk5kyDjP3glKs2O1h4Jwa1izebqeyyKCafH0oNrpBc_isCS5vw2J6pUPSWVVOM2xw6x3jr"></figure><p>4. <a href="https://www.spotahome.com/?utm_medium=Affiliates&amp;utm_source=goabroad&amp;utm_campaign=display">Spotahome</a>: When you need a place to live, it can be tough finding the right apartment. With Spotahome's 100% online booking platform and home checker verification system for tenants, there is no more hassle of going from room-to viewings with various properties - just log in or create an account on their website and you’re done! Spotahome provides an exhaustive list of apartments, rooms, studios, and student residences in nearly 100 cities in and around Europe.&nbsp;</p><p>For every listing they offer, Spotahome provides high quality photos as well video feeds that accurately shows you minute details such as floor plans, ventilation, amenities,and others so that your search never has any surprises once they're showtime. You'll have access immediately after paying one low fee which covers all fees associated w/ renting including cleaning supplies etc. It is the perfect one-stop-shop for students who want to save time, energy, and money.&nbsp;</p><figure class="image"><img src="https://lh3.googleusercontent.com/Nhy_Ws3-crS2bAqPVz-pRQlEroKpGcqGKXZFVWCtkvnXEr4vp4hyvdTx1aFfHnQzGYfh2rtP14bEF96ORXc6s2qOysZbt_48ywuJ1xMHdXowHWU6gm3aNC8P9E02FJfSPlE7L2eC"></figure><p>5. <a href="https://roomiapp.com/">Roomi</a>: Starting a new chapter abroad, away from your loved ones can be tough. But if you’re open for friendships, Roomi is a great way to find yourself in an entirely new city with friends and share this experience with! You can choose from the different types of housings, shared rooms, or flats, depending on your preferences! There are even filters for starting off as a vegan yoga guru - which means that you won't be alone at first since most people don’t know what their stay on the foreign soil entails.&nbsp;</p><p>Creating a brethren community with the same emotions, Roomi provides you with the ability to connect with other users in a super efficient, simple, and efficient way so that you need not wait too long to make new friends. With the new system, you can connect with other users in a flash. There is no need to wait for a long and awkward “you’ve been matched!” results; it's all about who wants friends like that anyway!&nbsp;</p><p>Final Thoughts:&nbsp;</p><p>House hunting can be a stressful process, but it doesn't have to feel like you're juggling through long queues through an international airport with your carry-on bag. With these great sites student housing options are basically as simple and fun to browse through as AirBnbs - even better because they focus on taking away all the doubts about finding that perfect place for yourself! These websites and many more like Homestays, Beroomers, etc. were created especially by confused or excited house hunting parties who wanted to evade from all the hassle that comes along in finding their perfect place- so they focus on taking care of those worries off your shoulders and you have more time enjoying life at college!</p>

As the famous saying goes, “Home is where the heart is.” And none understands this better than a student who has to leave his nostalgia and comfort at home and fly abroad to fulfil his/her academic goals. But, finding a home away from home is easier said than done. 

We understand how important having the right base is, and we'd like to help you find the right accommodation that also fits your budget.

So if you are an international student looking for a place to stay during your studies, then you're in luck! There are many websites that can help you find the perfect accommodation. In this blog post, we will list five of the best websites for finding student accommodation. Keep reading to learn more.

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5 Best Student Accommodation Websites To Find Your Home in Abroad Countries

<h2>&nbsp;</h2><p>Congratulations on your decision to study in London! You've just made the most intelligent decision of your life. London is a vast city with a lot to see and do. There's so much to do that you might not know where to begin.</p><p>So, once you are done with settling into your <a href="https://amberstudent.com/places/search/london-1811028205760">student housing in London</a> or <a href="https://amberstudent.com/places/search/manchester-1811021510595">studio apartment in Manchester,</a> to get you started on your wonderful, once in a lifetime experience, here's our list of the top things you must do while in this lovely city, London!</p><h3><strong>Greenwich&nbsp;</strong></h3><p>Greenwich has a lot to offer, and we feel that taking a ferry from the Tower of London is the finest way to see it. On the ferry, you can use your Day-Travel Card. The Royal Observatory, which as we know is located in Greenwich, is a must-see attraction in London.</p><p>The Prime Meridian Line, which runs through this London museum, provides some unique and engaging activities. If clicking shots and standing with one foot in each hemisphere does not pique your attention, then perhaps the UK's biggest refracting telescope will.</p><p>Cutty Sark, another museum in Greenwich, displays the last of the surviving tea clippers, which were used for the purpose of transportation of tea from China to England.</p><h3><strong>The parks&nbsp;</strong></h3><p>Although London is not recognised for its warm weather, the park is the place to be when it does. There are eight royal parks in downtown London, which are the most popular, especially with students living in <a href="https://amberstudent.com/places/search/london-1811028205760">student accommodations in London</a>, residents as well as visitors. For those prepared to travel a little farther north, Primrose Hill offers spectacular vistas, and for those adventurous enough to travel south of the river, Crystal Palace is a grade II listed history park with a very unique surprise.</p><h3><strong>Shakespeare's Globe Theatre&nbsp;</strong></h3><p>Who hasn't heard of this outstanding literary name? Shakespeare is a major historical figure, even if you are not a fan of writing.</p><p>Shakespeare's Globe Theatre is located on London's Bankside and is a recreation of the original open-air theatre that hosted Shakespeare's theatre. Multiple plays are performed throughout the year, making this a popular destination for students, particularly literary buffs.</p><h3><strong>The one and only, West End!</strong></h3><p>There's no place in London like the West End for a night out on the town. The West End is home to Shaftesbury Avenue, the theatrical district's principal thoroughfare, as well as the large theatres in Leicester Square, which host all of the star-studded premieres. It was designed to be entertaining.</p><h3><strong>Go cruising on the Thames&nbsp;</strong></h3><p>If you are just really wanting to see London but are wary of walking or simply want to get away from the throng for a time, a Thames cruise is the way to go. There are a variety of cruises available, some more expensive than others, but the famous Thames Circular Sightseeing Cruise costs only £9.75. From Tower Pier to Westminster and return takes roughly 45 minutes. The boats provide live commentary as well as inside and outdoor seating options.</p><p>&nbsp;</p><h4><strong>About Amber</strong></h4><p><a href="https://amberstudent.com/places/search/united-kingdom-1811011902157">Amber</a> is dedicated to offering the very best accommodation experiences and options when you are seeking student housing near your University.&nbsp;</p><p>Properties at amber are always sanitised and updated with the COVID-19 protocols and policies.&nbsp;</p><h4><strong>Author's Bio:</strong></h4><p>Anannya Chaudhary is a writer residing in Delhi. As soon as the clock strikes the completion of the very last working minute of her office hours, you can find her on the way to her favourite food stall, brimming with excitement and joy to devour a plate of her favourite chicken momos. You could classify her as that one annoying friend who makes you cry if you resist them dragging you to the dance floor.</p><p>&nbsp;</p>

Congratulations on your decision to study in London! You've just made the most intelligent decision of your life. London is a vast city with a lot to see and do. There's so much to do that you might not know where to begin. Greenwich has a lot to offer, and we feel that taking a ferry from the Tower of London is the finest way to see it. Although London is not recognised for its warm weather, the park is the place to be when it does. There's no place in London like the West End for a night out on the town. If you are just really wanting to see London but are wary of walking or simply want to get away from the throng for a time, a Thames cruise is the way to go. 

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5 AMAZING THINGS TO DO IN LONDON ON A STUDENT’S BUDGET

<p>The idea of saving money seems simple enough, but it's not always easy to do. The main reason for this challenge is our inability to track expenses in a wise and effective manner- which makes all the difference when deciding where your hard earned ducats should go! Luckily, there are several online personal finance tools to our rescue. These online personal finance services act as expense managers and can help in managing personal finances and budgeting better.</p><p>We have listed below the top 10 personal finance services in India for you:</p><figure class="table"><table><tbody><tr><td><strong>Name</strong></td><td><strong>Ratings</strong></td><td><strong>Fees</strong></td><td><strong>Investment</strong></td><td><strong>Services</strong></td><td><strong>Support</strong></td></tr><tr><td><ol><li><strong>Walnut&nbsp;</strong></li></ol></td><td>4.3/5</td><td>Yes</td><td>No</td><td>Budgeting, Credit, Expense Management, Credit,etc.</td><td>E-mail</td></tr><tr><td><ol><li><strong>Goodbudget</strong></li></ol></td><td>4.5/5</td><td>No</td><td>No</td><td>Budgeting, Expense Management, etc.</td><td>E-mail</td></tr><tr><td><ol><li><strong>Wally</strong></li></ol></td><td>4.6/5</td><td>Yes</td><td>No</td><td>Budgeting, Expense Management, Supports Multiple Currency, etc.</td><td>E-mail</td></tr><tr><td><ol><li><strong>ET Money</strong></li></ol></td><td>4.4/5</td><td>No</td><td>Yes</td><td>Budgeting, Credit, Expense Management, etc.</td><td>E-mail</td></tr><tr><td><ol><li><strong>Money View</strong></li></ol></td><td>4.1/5</td><td>Yes</td><td>Yes</td><td>Budgeting, Credit, Expense Management, etc.</td><td>E-mail, Call</td></tr><tr><td><ol><li><strong>AndroMoney</strong></li></ol></td><td>4.7/5</td><td>Yes</td><td>No</td><td>Budgeting, Expense Management, Supports Multiple Currency, etc.</td><td>None</td></tr><tr><td><ol><li><strong>Monefy</strong></li></ol></td><td>4.5/5</td><td>Yes&nbsp;</td><td>No</td><td>Budgeting, Expense Management,Supports Multiple Currency, etc.</td><td>E-mail</td></tr><tr><td><ol><li><strong>Fudget&nbsp;</strong></li></ol></td><td>4.7/5</td><td>No&nbsp;</td><td>No</td><td>Budgeting, Expense Management,etc.</td><td>None</td></tr><tr><td><ol><li><strong>Toshl Finance</strong></li></ol></td><td>4.5/5</td><td>Yes</td><td>No</td><td>Budgeting, Expense Management,etc.</td><td>E-mail</td></tr></tbody></table></figure><h2>Walnut&nbsp;</h2><p>Walnut is also an online personal finance and expense tracker app. It helps in tracking monthly expenses. This online personal finance service allows you to pay your bills, and stay within the budget so that you save more each month.&nbsp;</p><p>The Walnut app analyses your mobile inbox and tracks information like your bills, expenses, and travel bookings. In addition, this online personal finance service also offers personal loans and ‘Walnut Prime’ benefits. Walnut Prime is a line of credit for your bill payments, shopping, travel, and other purposes.&nbsp;</p><p>Key Features&nbsp;</p><ul><li>Track credit card dues.</li><li>Splitting expenses.</li><li>Transfer Money with UPI.</li><li>Find ATMs.</li><li>Check Bank Balances.</li><li>Track train, cab, movie, or event bookings.</li></ul><h2>Goodbudget</h2><p>Another online personal finance service and expense tracker ‘Goodbudget’ is suitable for home budget planning. This personal finance service is a virtual version of the grandma's envelope system - a proactive budget planner that keeps you up to date with your finances.</p><p>This expense tracker and personal finance app is built for real-time tracking of your finances - making it a top expense tracker app in India. Goodbudget can sync across various devices for sharing your budget with anyone you wish to share it with. Goodbudget can be called as one of the best free personal finance apps in India.</p><p>Key Features:</p><ul><li>Split expenses.</li><li>Schedule transactions.</li><li>Smart payee and category suggestions.</li><li>Select a budget period that matches real-life.</li><li>Analyze spending.</li><li>Monitor cash flow through Income vs. Spending Report.</li><li>Clear/reconcile transactions.</li><li>Rollover unused funds to the new month.</li><li>Keep budget on track.</li></ul><h2>Wally</h2><p>Wally is one of the top players in the field of online personal finance and expense trackers in India. It allows you to take control of your money, expenses, and income. This money management tool is especially useful for people who have set long-term financial goals and want to achieve them successfully.&nbsp;</p><p>Wally helps you in understanding what you are spending, and where and when you are spending. Wally+ is the exclusive version of the app where you can upload pictures of your receipts.</p><p>Key Features:</p><ul><li>Supports most major currencies.</li><li>Helps track weekly &amp; monthly expenses.</li><li>Allows creation of groups and splitting bills.</li><li>Compare expenses and income.</li><li>Goal setting and reminders for achieving them.</li><li>Tracking how, when, and where money is spent.</li><li>Record receipts.</li></ul><h2>ET Money</h2><p>ET money is an automated personal finance manager that helps track all your expenses, accounts, and bills. After tracking your spending behavior, you receive weekly and monthly insights on your spending and income. This online personal finance service also allows you to add all your investments for tracking the overall portfolio performance along with real-time updates.</p><p>ET Money is an amazing blend of various functionalities and features. This personal finance service lets you skip all the complex math. It also provides you with insights on improving returns on investments and saving money.</p><p>Key Features:</p><ul><li>Paperless investment in mutual funds.</li><li>Analyse existing investments.</li><li>Bill setup and payment.</li><li>Analyse major expenses.</li><li>Mutual fund investments with no commission.</li><li>Loans up to 20 Lacs.</li><li>Buy term life insurance,&nbsp; health insurance, car, and bike insurance.</li><li>SIP calculator, Income tax calculator, and rent receipt calculator.</li><li>Check your credit score.</li></ul><h2>Money View</h2><p>This is yet another great online personal finance service. It enables you to view your net account balance. This expense tracker picks your bank balance via SMS or net banking after verifying with an OTP. they aim at making your finance management effortless.</p><p>Money View helps you in finding nearby ATMs for quicker ATM withdrawals. It also provides investments in various options along with savings account schemes. This money management service also enables tax-saving and reimbursement categorization.</p><p>Key Features:</p><ul><li>List of nearby ATMs.</li><li>Tax saving and reimbursement categorization.</li><li>Investment in mutual funds.</li><li>Savings account schemes.</li><li>Expense tracking and categorization.</li><li>One Passbook for Everything.</li><li>Payment Reminders.</li><li>Instant Loan.</li></ul><h2>AndroMoney</h2><p>AndroMoney is one of the best expense tracker and online money management service in India. It helps you in smoothly managing and tracking all your daily expenses. This personal finance service has an excellent user interface that makes it easy to navigate. It has several helpful features like in-app expense distribution through designed charts, password protection, etc.&nbsp;</p><p>With AndroMoney, you can set a monthly budget and when you exceed it you get alerts. This helps in giving you a real-time data overview of your expense summary.</p><p>Key Features:</p><ul><li>Multiple accounts and account transfer.</li><li>Cloud storage with Dropbox and Google Docs.</li><li>Supports multiple currencies.</li><li>Create custom budgets.</li><li>Categorized Expenses.</li><li>Charts to track cash flow and expenses.</li><li>Password protection.</li><li>Expense and income summary.</li><li>Backup your data on Excel or Mac Number.</li></ul><h2>Monefy</h2><p>A user can easily access and use Monefy as a financial organizer and personal finance service. It is very simple and easy to use the app. You can add expenses to the app and it does all the magic for you. The adding of expenses is done with a click, so you only need to add the amount that you have spent.</p><p>Monefy is more than just an online personal finance service. It is also one of the best savings apps that helps a user in better money management. This expense tracker analyses the user’s expenses and then compares them to their monthly income. In short, it helps in keeping your monthly budget in optimum condition.</p><p>Key features:</p><ul><li>Supports multi-currencies.</li><li>Backup and export personal finance data.</li><li>Passcode protection.</li><li>Spend distribution on charts.</li><li>Budget tracker.</li><li>Synchronize with Google Drive or Dropbox.</li><li>Handy widgets.</li><li>Multiple accounts.</li><li>Built-in calculator.</li></ul><h2>Fudget&nbsp;</h2><p>This online money management service is working towards making budgeting easy and simplified for its users. It lets the users add their budget targets, track expenses on a weekly or monthly basis, add and edit budget entries, and many other features. Additionally, it has a great, easy-to-use user interface.</p><p>Fudget less-is-more approach helps you in taking the stress out of managing money. This personal finance app analyses your total expenses and keeps track of how much you're spending. It is good for tracking short-term budgets.&nbsp;</p><p>Key Features:</p><ul><li>Lists of incomes &amp; expenses.</li><li>One-tap expense adding.</li><li>One-tap expense editing.</li><li>Star an income/expense for repeating in future budgets.</li><li>Monthly or weekly budgeting.</li><li>Choice of currency</li></ul><h2>Toshl Finance</h2><p>Toshl Finance helps in managing your expenses and business financial accounts. This money management service focuses on taking care of your business finances so that you can focus on the core goals. It allows you to analyze your money flow better with the help of river flow data and a monthly overview.&nbsp;</p><p>According to your cash flow, this expense tracker helps in planning and minimizing your business expenses. Further, some options can track spends in individual categories for better financial understanding and planning.</p><p>Key Features:</p><ul><li>Easy data entry.</li><li>Useful graphs.</li><li>Budgeting for business expenses.</li><li>Sync with multiple mobile devices.</li><li>Monthly overview of cash flow.</li></ul><h2>Final Thoughts</h2><p>If you struggle with money at the end of every month, and you cannot figure out where all your money went, then you should utilize these top money management and expense tracker apps. They will help you effectively track expenses and income and also help you in keeping a check on what you spend every month. These technologies offer you a chance to understand and improve your finances and money management skills. So, find the right personal finance service to match your needs.</p><h2>Who are we?</h2><p>Hop is India’s first cross-border neobank. Wherever you are, whatever you’re doing, with HOP you can open and operate a multi-currency bank account for FREE. The Hop app allows its users to manage their finances seamlessly.&nbsp;</p><p>The Hop app helps its users in finding where their money goes by categorizing their expenses. Also, every transaction made with Hop gets rounded off to the nearest hundred and the change gets invested. It allows the users to save, invest, spend, and earn through just one mobile application. The interface is intuitive and includes easy to understand visuals. Some of Hop’s key features are:</p><ul><li>On-app Spend Notifications.</li><li>Set daily or monthly budgets.</li><li>One Global Card for all national and international transactions.</li><li>Tap, swipe, or use your card online.</li><li>ZERO hidden charges.</li><li>Smart controls: On-app freeze, pin-reset, block, etc.</li></ul>

The idea of saving money seems simple enough, but it's not always easy to do. The main reason for this challenge is our inability to track expenses in a wise and effective manner- which makes all the difference when deciding where your hard earned ducats should go! Luckily, there are several online personal finance tools to our rescue. These online personal finance services act as expense managers and can help in managing personal finances and budgeting better.

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Top 9 Personal Finance services

<h2>5 Smart Financial Moves to Start Saving in Your 20s</h2><p>There's no denying the fact that your 20s are the most crucial stage of your life. This is the period when you’ll decide your career path and get surrounded by various responsibilities. While embarking on this new journey, however, many people tend to make one critical financial mistake, i.e., only thinking about saving money but not acting on it.&nbsp;</p><p>Indians are one of the biggest savers in the world. On an average, Indians save over 33% of their income. Despite these savings, India is still counted in poor countries. The reason being we don’t know how to convert those savings into a good investment.</p><p>As tempting as the idea of going out and enjoying life may sound, it’s important to understand that the savings that you start in your 20s will help you achieve your financial goals more easily. Not to mention, the earlier you start saving money, the more money you’ll have.&nbsp;</p><p>But, what’s the right way to save money? How much money should you put out in your savings fund every month? These are a few questions that every person in their early 20s struggles to answer. So, in this guide, we are going to share 5 smart financial tips from industry experts for everyone in their 20s that’ll help them sail in the right direction.&nbsp;</p><h2>1. Start small&nbsp;</h2><p>The mistake most people make is thinking they don’t earn enough to save but in reality, even if you start small but save consistently, you can build a secure future in the long-term.</p><p>Here are the best ways that can help you start small savings with ease:</p><ul><li><strong>Start a Recurring Deposit (RD):&nbsp;</strong></li></ul><p>An RD assures a fixed return at the end of its tenure. Depending on the money available after your liabilities and expenses, you can start an RD with just Rs.500/- or its multiples.&nbsp;&nbsp;</p><ul><li><strong>Mutual Fund SIPs:</strong></li></ul><p>You can start to Invest in mutual funds through a systematic investment plan (SIP). You can choose to pay a fixed amount every month towards mutual funds.&nbsp;</p><ul><li><strong>Post Office Recurring Deposit (PORD):</strong></li></ul><p>PORD’s are systematic savings plans made specifically for small savings. Anybody above the age of 10 can start a PORD. The minimum investment limit in a Post Office Recurring Deposit is RS. 10 and there is no upper limit.</p><p>So, if you start an SIP, RD, or PORD for Rs.2000/- every month. If the preferred tenure is 5 years, and you are offered an interest rate of 9%, by the end of 5 years, you get Rs.1,30,800/-.</p><p><strong>Note: The interest rates differ from scheme to scheme.</strong></p><h2>2. Set threshold/limit</h2><p>Most of the financial issues we deal with may have stemmed from a basic lack of self-control. You can never start saving until you set a limit to your spending. Apps such as <a href="http://moneyhop.co">MoneyHop</a>, PocketGuard, and Stash can help you set budgets for the month ahead so that you achieve your saving targets. These apps will also help in understanding where you are spending. This will help you in figuring out where you can cut down on your expenses.&nbsp;</p><h2>3. Set Up An Emergency Fund</h2><p>An emergency fund is basically a savings account that’s primarily created to tackle unexpected financial hardships. You can consider the emergency fund as a lifeboat in case of extreme financial emergencies.&nbsp;</p><p>It is very important to have a cash buffer to tide us over any unforeseen financial requirements, such as paying for emergency medical expenses or automotive repairs. If caught unprepared, one may be forced to take personal loans. These loans are very expensive with interest rates as high as 30% annually.&nbsp;</p><p>It is advised to set aside a fixed amount regularly To help in creating a cash fund that is equal to at least 6-7 months of income. Contributing to this fund should be non-negotiable as would be dipping into the fund for any non-vital expenses.</p><p>Even though almost everyone ends up starting an emergency fund in their life, it would be much better if you take this step in your twenties. <i>Why? </i>Because in case you encounter any unexpected situations in your life, you won’t have to dry your primary savings account.</p><h2>4. Set up a Global Zero Balance Account</h2><p>Global zero balance accounts are the new way of saving as you have the ability to use it anywhere in the world, withdraw cash from anywhere in the world without hassles such as minimum balance, hidden charges, and the archaic process. Currently, only a few banks are doing that in the world, but if you’re in India, then moneyHOP is the best zero balance global account which can help you set budgets, make international money transfers, and convert currencies from INR to USD or CAD or others seamlessly.</p><h2>5. Set Up a Retirement Fund</h2><p>Retirement may seem to be far off, but it is extremely important to save up for it. Not saving for retirement is a very common mistake around the world.</p><p>Also read: <a href="https://www.moneyhop.co/blog/7-common-financial-mistakes-made-by-indians/">7 Common Financial Mistakes made by Indians</a></p><p>Like the emergency fund, setting up a dedicated retirement fund is also crucial for people in their 20s. As the name implies, the retirement fund is the account that you use to save money for your post-retirement life.&nbsp;</p><p>Retirement is most often misinterpreted as pension, but accumulating a retirement corpus is different and an addition to a monthly cash flow that a pension would provide. Availing insurance coverage that can be renewed lifelong could also be a great retirement tool.</p><p>As soon as you get your first full-time job, make sure to open a separate account for your retirement fund and decide on an amount that you can put out every month. Keep in mind that the key to growing your retirement fund is to be consistent.&nbsp;</p><h2>Final Thoughts</h2><p>So, that concludes our guide on how to make smart financial decisions in your 20s. In addition to these three tricks, people in their 20s should also use a dedicated banking solution to save more effectively. <a href="https://moneyhop.co/">MoneyHop</a> is one such banking solution that’s specifically tailored for millennials to make smart financial decisions and save money stress-free.&nbsp;</p>

Indians are one of the biggest savers in the world. On an average, Indians save over 33% of their income. Despite these savings, India is still counted in poor countries. The reason being we don’t know how to convert those savings into a good investment.

As tempting as the idea of going out and enjoying life may sound, it’s important to understand that the savings that you start in your 20s will help you achieve your financial goals more easily. Not to mention, the earlier you start saving money, the more money you’ll have. 

But, what’s the right way to save money? How much money should you put out in your savings fund every month? These are a few questions that every person in their early 20s struggles to answer.

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5 Smart Financial Moves to Start Saving in Your 20s

<p>Everyone wants financial independence but not everyone achieves it. Why? The main reason is probably that financial independence is a state that requires commitment and effort for a long time. Unless you’re ready to implement and stick to a dedicated financial plan, financial independence is beyond reach. Financial independence doesn't usually "just happen".</p><p>But with a fixed monthly salary which is barely sufficient for monthly expenses, can financial independence be achieved?</p><p>One of the secrets to attaining it is having a detailed plan, and a willingness to commit to the plan. To help you get rolling in the right direction, we have answered the most asked questions about financial independence.</p><h2>What is Financial Independence?</h2><p>Financial independence can have different meanings for various people. For most, it’s a state where one has enough resources at disposal to meet their expenses and live a life as one pleases. To some, it simply means retiring at the age of 60 and spending time with their loved ones. For others, it is about pursuing their passions without worrying about money.</p><p>Living a life without worrying about how your needs are going to be met, or rather knowing that your needs will be satisfied is financial independence.</p><p>People who wish for financial independence find it helpful to have a budget and a financial plan. This helps them have a clear view of their current incomes and expenses, and identify and choose the right strategies to reach their financial goals.&nbsp;</p><h2>Why is financial independence important?&nbsp;</h2><p>Being financially independent has countless benefits, we have listed some for you:</p><h3><strong>Work and Live on your terms</strong></h3><p>When your passive income meets your expenses, you can decide if you need to work or not. You aren’t at the mercy of employers or employment contracts. Even when you choose to remain employed, you will be working because you want to, not because you must. Financial independence also gives you the freedom to go out on your own as a freelancer, speaker, consultant, or entrepreneur as you’ve established a steady stream of income that will support you on either your entrepreneurial or cultural ventures.</p><h3><strong>Unemployment insurance</strong></h3><p>Unemployment insurance is a key attribute of Financial independence. If you aren’t financially independent then you probably live paycheque to paycheque, meaning that if you lose your job - you’ll be at the mercy of your employers.&nbsp;</p><p>When you have savings and investments in place, you do not have to rely on minimal unemployment payments that barely cover the necessities. You can continue to live a lifestyle that you enjoy.</p><h3><strong>Early retirement</strong></h3><p>A popular acronym for financial independence - FIRE stands for Financial Independence Retire Early. But, the concept of financial independence and retirement are not the same. You need financial independence to retire but you can be financially independent and choose not to retire in the traditional sense of the word (gold watch, endless rounds of golf, bridge, and watching television).&nbsp;</p><h3><strong>Peace of mind</strong></h3><p>If your passive income is more than your expenses you will obviously have greater flexibility.</p><p>Removing the stress of employment can be incredibly liberating. The people who continue to work and grow their wealth do so without worrying about achieving the next promotion.</p><p>Money issues are cited as the most stressful factor that often leads to depression and anxiety. Financial independence solves this problem, which is why so many strive to achieve it.</p><h3><strong>More family time</strong></h3><p>Being financially independent won’t just give you more time for your family and loved ones, but also more time for whatever your passion is. If you are financially independent and employed, you can go down to a four-day week, thereby spending the three-day weekend with your family.&nbsp;</p><h2>How do you get Financial Independence?</h2><p>Here are 6 steps that will help you embark on the road to financial independence:</p><h3><strong>Plan for your goals</strong></h3><p>Have different investment strategies for your goals - marriage, health, education, etc., quantify them, and set a time horizon for them. You must research and make informed decisions. Invest time and effort in understanding the fundamentals and please do not follow the herd approach. Prepare an action plan and stick to it. This will prevent impulsive decisions. Don't be swayed by the fear of short-term aberrations. Do not panic about the market’s volatility if the investment horizon is long term.</p><h3><strong>Save and invest</strong></h3><p>Cut on your discretionary expenditures to start the saving part. You can start by committing to invest a minimum of 20-25% of your salary. The sooner you start saving, the more your money compounds. You shouldn’t underestimate the power of compounding.&nbsp;</p><h3><strong>Include equity in your financial portfolio</strong></h3><p>Equity investments reward investors by multiplying their investments in a short span compared to other investment avenues. If you start early, plan properly, and invest meticulously, you can endeavour sufficient wealth that'll help you achieve financial freedom at an early age.</p><h3><strong>Adopt the SIP route</strong></h3><p>If you cannot commit to lump-sum investments, a systematic investment plan in equities will enable you to create wealth that’ll take care of your early retirement. SIP has helped in making it possible for investors to bring discipline in their approach towards investment.</p><p>When you start a SIP of just Rs. 1,000 per month in an equity mutual fund that offers about 12% returns annually, you will have compiled almost 35 lakhs at the end of 30 years!&nbsp;</p><h3><strong>Resolve your debts</strong></h3><p>Financial independence makes you in charge of your money and cutting ties with debt is a necessity. If you retire early but carry around student loans or credit card debt - that’s not financial freedom. Getting rid of these debts means fewer financial obligations - meaning you have more say in what you do with your savings and investments. So if you have a debt now but aim to achieve financial independence, consider making a strategic plan that can help you pay it off as quickly as possible.</p><h3><strong>Manage Risk</strong></h3><p>Keep liquid funds for emergencies. Define your contingency fund requirements and start working towards accumulating them. The idea is that your financial plans must not get affected by any contingency, be it job loss, health hazards, renovation, or repair of your physical assets. Build a reserve that’ll sustain you for at least 6 months should you not receive any income in this duration.</p><h3><strong>Keep track of your investment and finances</strong></h3><p>Investing isn’t a “one-time process”. You can’t just invest and forget it. You should track your investments regularly. Updated information about investments will help in complying with the income tax laws - you need the buy-sell data for paying capital gains tax, claiming exemptions, or filing the returns. Also, review your bank account statements, fees, interest charges, etc.&nbsp;</p><h2>How do you know if you are financially independent?</h2><p>Sometimes, the idea of “financial independence” is difficult to understand as it has such a squishy definition. Everybody has a unique financial life, and anyone who is pursuing financial independence has a unique definition for it, so they’ll know when they have achieved it.</p><p>According to the most widely accepted definition of financial independence, it is when you have saved roughly 25 times your annual expenses. When you have reached this point, your finances are not dependent on your paycheque.</p><h2>Financial independence for women in India.</h2><p>Over the last decade, we have noticed an encouraging shift away from the chauvinistic paradigm. Indian women are breaking age-old barriers and facing new challenges, both professionally and personally. However, women must free themselves from financial dependence on family and guard themselves against dire situations like divorce, death, etc.&nbsp;</p><p>To ensure financial independence in women, the seeds need to be sown in childhood. Open conversations, financial education, and unbiased gender roles will help in creating assertive, powerful, and independent women. Financial independence isn’t created in isolation. It is a part of the holistic independence that comes out of an accommodating and welcoming environment.</p><p>Women in Indian families face unique challenges when it comes to matters of financial well-being and independence. Women who are financially dependent on their spouse or other family members find themselves disproportionately impacted by the death of the male breadwinner, or by events such as being abandoned by the next generation, or divorce.</p><p>Even if women can access their family assets, they start feeling overwhelmed by the sudden onslaught of responsibility and information, and lack the skills required to effectively manage finances. This reality is all the more precarious for wealthy families that possess complex portfolio structures and large asset pools, which is a challenge to manage even under the normal course of events. Now imagine having to do so with zero experience - this challenge can become even more daunting.</p><p>Undoubtedly diversity, inclusion, equal pay, and education are the pillars that’ll create more financially independent women. By making small changes and removing the onus of financial responsibility from the men, and by learning how to save and invest – women can be powerful harbingers of change. The need of the hour is for women to take the reins in their hands, combine their efforts by supporting each other, and working towards their goal of financial independence.</p><h2>The Bottom Line</h2><p>Financial independence can allow one to live their dream life. As we already know ‘good things take time’ - so does reaching financial independence. Having a scrupulous vision and a thoroughly detailed plan to achieve that vision can help keep your goals in reach.</p>

Living a life without worrying about how your needs are going to be met, or rather knowing that your needs will be satisfied is financial independence.

People who wish for financial independence find it helpful to have a budget and a financial plan. This helps them have a clear view of their current incomes and expenses, and identify and choose the right strategies to reach their financial goals. 

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Time to Achieve Financial Independence

<p>Working abroad for a few years after completing your degree can do wonders for your career. It allows you to develop a highly global experience. You will get the opportunity to transition from the immersive training sessions you went through during your degree, into a familiar work environment.</p><p>If all things go well, a post-study work visa can be a step towards gaining permanent residence in the country you completed your degree in. So here are some of the safest and most popular countries that will let you work abroad post-degree along with the visa options that they offer.</p><h2>Post-study work opportunities in Australia</h2><p>The Australian Government loves international students!&nbsp;</p><p>Under the Temporary Graduate Visa, international students can work and stay in Australia after completing their studies (subclass 485). There are two categories in the Temporary Graduate visa:</p><p><strong>Graduate Work Stream: </strong>International students with specific skills and qualifications are eligible to stay in Australia for 18 months.</p><p><strong>Post-Study Work Stream:</strong> Within this category, international students with advanced qualifications (Ph.D., MRes., etc.) and skillsets can remain in Australia for up to four years.</p><p>Both these categories require work experience. So, if you're thinking about getting a Master’s degree but don't have a lot of work experience, think carefully about choosing Australia!</p><p>A few job categories and occupations were removed from the list of people who can apply for this post-study work visa in Australia. So, whatever you plan on studying- Bachelor's or a Master's degree, you must be careful about the field of study. For instance, things would be difficult if you were studying Business Studies, Biochemistry, Biotechnology, or Food Technology, in Australia. However, if you want to study Agricultural Science, Actuarial Science, Biomedical Engineering, Systems &amp; Networking, Computer Science, Civil Engineering, Electrical Engineering, Mechanical Engineering, or Telecommunications, and so on, your prospects are excellent.</p><p>In addition, the number of Indian and international students choosing Australia has increased dramatically in 2018 and 2019. As a result, it's unquestionably a favorite right now.</p><h2>Post-study work opportunities in New Zealand</h2><p>The post-study work visa in New Zealand is valid for one, two, or three years, depending on the level of qualification and where the student studied. It also offers a stay-back opportunity for a year to search for a job. Once you get the job, you will be eligible for a work permit (duration depends on your occupation).&nbsp;</p><p>You can not only stay in New Zealand for an extended period on most work visas, but you can also sponsor visas for your spouse and kids. Unless you have another higher qualification which requires at least 30 weeks to complete, you can only get this visa once. Studying English at a language school isn't considered a valid qualification for this visa.</p><p>However, job opportunities in New Zealand are limited as it is a small country. If you are pursuing a degree in hospitality and tourism, food science and agriculture, or animation, your chances of finding work are very good. New Zealand has recently tightened its student visa rules. However, it will not impact talented and genuine students.</p><p>Students who want to live in New Zealand permanently must keep in mind that getting a skilled job in a shortage occupation may increase their likelihood of acquiring a residence visa.</p><h2>Post-study work opportunities in the UK</h2><p>For a long time, the United Kingdom was not one of the best places to work abroad as undergraduate and master's degree students could only stay for up to six months after graduation. Even doctoral students were only given a maximum of one year.</p><p>However, the government made changes in their post-study work visa in 2019 that will allow international students who have graduated from a higher-education facility to remain in the UK for up to two years. You also have the option of applying for an employer sponsorship scheme with a Tier 2 work visa to extend your stay.</p><p>The visa permits international graduates to look for a job or work for up to two years after graduating. This is also known as the "graduate route."</p><p>International students who begin or continue their studies online in the 2020/21 academic year will still be eligible for post-study work rights upon graduation.</p><h2>Post-study work opportunities in the US</h2><p>The United States is by far the most popular study abroad destination for Indian students.&nbsp;</p><p>International students are permitted to stay for 60 days post-graduation to finish up their affairs, go on vacation, or do whatever they want. If they are going to work an optional practical training (OPT) in non-stem degree areas, they may work for one year, and if they are going to work in STEM degree areas, they may work for three years.</p><p>International students in the United States on an F-1 visa must be present in the country to apply for Optional Practical Training (OPT).</p><p>This temporary pass enables international graduates to stay in the United States, look for jobs, and find an organization to sponsor their employment visas.</p><h2>Post-study work opportunities in Canada</h2><p>International students who have graduated from eligible Canadian Designated Learning Institutions (DLIs) can work in Canada for up to three years with a Post-Graduation Work Permit (PGWP).</p><p>Obtaining a Post-Graduation Work Permit (PGWP) while studying in Canada is highly dependent on your course and its duration. Typically, a work permit under the PGWP is issued for the duration of your study course. This course must be for at least eight months.</p><p>The post-work permit is valid for a maximum of three years. That is, if your post-graduate course lasts two years, you will be granted a three-year PGWP visa.&nbsp;</p><p>PGWP allows students to remain in Canada after graduation and gain work experience. Students must, however, have a graduate degree from a recognized Canadian institution. Work permits are available to graduates of certain designated learning institutions (DLIs).</p><p>You are not automatically eligible for a Post-Graduation Work Permit after graduating from a DLI. A candidate has 180 days after receiving their final grades to apply for a PGWP. Also, make certain that your study permit does not expire before you receive your final grades.</p><p>The PGWP provides international students with the opportunity to gain Canadian work experience. In the long run, this gained experience through PGWP assists international graduates in qualifying for PR (permanent residence) in Canada via Express Entry.</p><h2>&nbsp;Post-study work opportunities in Germany</h2><p>Germany is another destination for international students with excellent post-study work opportunities. After completing your course, you will be able to stay in the country for an additional 18 months. To live in Germany and look for a suitable job, you must apply for an 18-month residence permit from your local foreign nationals registration office (relevant to your qualifications).&nbsp;</p><p>During these 18 months, you do other work to support yourself and fund your job search. You can apply for a German residence permit or an EU Blue Card once you have landed a job related to the course you studied in Germany.</p><p>Please be aware that the post-study work opportunities are only available to international students pursuing postgraduate studies in Germany.</p><h2>&nbsp;Post-study work opportunities in Ireland</h2><p>Finally, for those with a bachelor's degree, Ireland provides a post-study work visa that is valid for up to 12 months. However, If you are studying for a postgraduate degree, you can stay in the country for up to 24 months.</p><p>Degrees in Ireland are frequently very aligned with economic needs, making many Irish graduates highly employable. If you are interested in applied sciences, information technology, pharmaceuticals, or telecommunications, you will have an easier time finding work.</p><h2>Conclusion:</h2><p>If you've recently begun planning your international education in a new country and want to ensure that you'll have a job after graduation, it's a good idea to look into post-study work visas.</p><p>Of course, understanding the rules and restrictions of your host country is not always simple. Yet, you can do it with the help and advice of your study abroad counsellors. They will help you find a balance between the cost of study and the skills you want to put to the test. The study abroad consultants will track down the location that will offer you the best possible future career opportunities.</p>

Working abroad for a few years after completing your degree can do wonders for your career. It allows you to develop a highly global experience. You will get the opportunity to transition from the immersive training sessions you went through during your degree, into a familiar work environment.
If you've recently begun planning your international education in a new country and want to ensure that you'll have a job after graduation, it's a good idea to look into post-study work visas.
Of course, understanding the rules and restrictions of your host country is not always simple. Yet, you can do it with the help and advice of your study abroad counsellors. They will help you find a balance between the cost of study and the skills you want to put to the test. 

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