Fund Your Account
Abroad from India
- Zero Hidden Costs

As a student, you need: a valid student passport, your university admission letter or I-20 form (for US), your student visa or visa application acknowledgement, PAN card (linked to Aadhaar), proof of your overseas bank account (statement or confirmation letter showing your name, account number, and SWIFT code), and a self-declaration of purpose. If you're using an education loan, include your loan sanction letter to claim the 0% TCS benefit. Fairexpay auto-generates the mandatory RBI Form A2 for every transfer.

For students funding their own overseas account, TCS rates are among the most favourable. If your remittance is backed by an education loan from a Section 80E-approved institution, TCS is 0% regardless of the amount. For self-funded education remittances, there is 0% TCS up to ₹10 lakh per financial year, and 2% above ₹10 lakh (reduced from 5% in Budget 2026). TCS is not an additional cost. It is an advance tax credit that gets credited to your Form 26AS and is fully refundable or adjustable when you file your Income Tax Return (ITR).

Fairexpay processes international transfers within T+1, meaning your overseas bank account typically receives funds within 1-2 business days after successful verification. This is significantly faster than traditional bank SWIFT transfers, which often take 3-5 business days due to intermediary bank processing.

Fairexpay charges fees starting at just 0.4% with mid-market exchange rates and no hidden markups. On a USD 5,000 transfer, you can save over ₹13,000 compared to traditional banks that apply 1-3% exchange rate markups along with separate processing fees, SWIFT charges, and intermediary bank deductions.

Yes. You can send money from India to any overseas account that has a valid SWIFT/BIC code, including digital banks like Revolut, N26, Monzo, and multi-currency platforms like Wise. These are treated as standard international bank transfers under LRS. Simply provide your account details (account number, SWIFT/BIC, IBAN) and Fairexpay processes the transfer like any other overseas remittance.

Using an RBI-authorized fintech platform like Fairexpay is significantly cheaper than bank wire transfers. Traditional banks charge ₹1,000-₹2,500+ in processing and SWIFT fees on top of a 1-3% exchange rate markup. Fairexpay offers mid-market rates with fees from just 0.4%, saving you thousands on every transfer. The total cost depends on the amount, destination currency, and payment method.