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Forex Transfer

Seamless Forex Exchange & Global Money Transfers

Stop overpaying banks and pay tuition fees, rent, blocked account and more with the best exchange rates. Save up to ₹75,000!*

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How It Works

Get Quote

Enter the payment amount in any currency and select the payment purpose. Get an instant quote and compare with traditional bank rates.

Book Online

After selecting the provider, share your KYC documents and keep your funds ready for a smooth transaction.

Transfer Funds

Transfer the funds through NEFT / RTGS to the RBI-authorised partner’s account as soon as possible.

Transfer Completed

Funds are transferred within 1 working day. Receive the proof of payment on the next working day.

Why Transfer Funds With AdmitX?

Talk to an Expert
  • Lowest Exchange Rate Guarantee
  • Zero Hidden Charges
  • RBI-Authorised Partners Only
  • Fast & Secure Transfers
  • End-to-End Assistance
  • Exclusive Benefits for AdmitX Students

Our Trusted Partners

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ebix cash logo
RRsb
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Compare Student Forex Cards

Niyo GlobalWSFXHDFC BankICICI Bank
Joining fee₹0₹200 + GST₹500 + GST₹499 + GST
Annual fee₹0₹0₹0₹199 + GST
Account Loading₹0₹100 + GST₹75 + GST₹100 + GST
Cross-Currency Markup0%3% + GST2% + GST3.5% + GST
Transaction Fee (POS/Online)₹0₹0₹0₹0
In-Activity Fees₹0USD 5 / 180 days------USD 5 / 180 days
International ATM Withdrawal₹100 + GSTVariesVariesVaries
Reissue of lost, stolen or damaged card₹250 + GST$2 (India)
$20 (International)		₹100 + GST$3 (India)
$20 (International)

Flywire

Flywire is a trusted platform for international tuition payments. Flywire payments are widely accepted by universities in Canada, the US, the UK, Europe, and Australia. While the Flywire exchange rate may not always be the lowest, it is often more cost-effective than traditional bank transfers.

AdmitX is an official partner, helping students complete their payments smoothly. For any issues, Flywire’s customer care support in India is also available.

Save up to ₹50,000 on your university fee payment with AdmitX.

Documents Required for Flywire Payments:

  • Student’s Passport
  • University Admission Letter / Offer Letter
  • Remitter’s Aadhaar Card
  • Remitter’s PAN Card
Flywire logo
Pay Now

Ebixcash

EbixCash is one of India’s leading fintech and foreign exchange companies, offering services like international remittances, foreign exchange, prepaid cards, and travel solutions. Through EbixCash Easy, students can make secure and hassle-free university fee payments abroad.

EbixCash supports payments to universities in Canada, the United States, the United Kingdom, Europe, and Australia, making it a reliable option for international students.

Save up to ₹75,000 on your university fee payment with EbixCash.

Documents Required for EbixCash Payment:

  • Student’s Passport
  • University Admission Letter / Offer Letter
  • Remitter’s PAN Card
  • Remitter’s Aadhar Card
  • A2 Form (as per RBI guidelines)
  • Source of Funds Proof (if required)
  • University Bank Details / Payment Instructions
ebix cash logo
Pay Now

RRSB Forex

RRSB Forex is one of India’s oldest and most trusted foreign exchange companies, established in 1912 and a fully RBI-authorised Category II money changer. With over a century of expertise, the company has built a strong nationwide presence with multiple branches and a large customer base.

RRSB Forex offers a comprehensive range of services, including international remittances, currency exchange across 30+ currencies, travel cards, and student fee transfers. RRSB Forex is particularly experienced in handling student remittances, ensuring timely fee payments to universities worldwide.

Save up to ₹75,000 on your university fee payment with RRSB Forex.

Documents Required for RRSB Forex Payment:

  • Student’s Passport
  • University Admission Letter / Offer Letter
  • Remitter’s PAN Card
  • Remitter’s Aadhar Card
  • A2 Form (as per RBI guidelines)
  • Source of Funds Proof (if required)
  • University Bank Details / Payment Instructions
RRsb
Pay Now

Thomas Cook

Thomas Cook India is one of India’s most established foreign exchange and travel services companies, with a legacy dating back to 1881. Headquartered in Mumbai, it operates across 100+ cities with a strong network of branches and airport counters.

The company offers a full suite of services, including international remittances, currency exchange, and the widely used Thomas Cook forex card for students and travellers. While evaluating options, it’s also important to compare the Thomas Cook exchange rate with other providers to ensure you get the best value.

Save up to ₹50,000 on your university fee payment with AdmitX.

Documents Required for Thomas Cook Payment:

  • Student’s Passport
  • Admission Letter / Offer Letter
  • Remitter’s PAN Card
  • A2 Form (as per RBI guidelines)
  • Source of Funds Proof (if required)
  • University Bank Details / Payment Instructions
Accomodation partners logo
Pay Now

Cohort Go

Cohort Go is a global student payments platform that enables secure and efficient transfer of international tuition fees to universities worldwide. Unlike traditional forex providers, Cohort Go operates as a payment platform, offering a more streamlined and institution-aligned payment experience.

Trusted by over 50,000 students across 180+ countries and partnered with 1,000+ education providers and agents, Cohort Go combines technology with forex expertise to reduce costs and streamline cross-border payments. Its platform also offers real-time tracking, ensuring transparency and reliability throughout the payment process.

Save up to ₹50,000 on your university fee payment with Cohort Go.

Documents Required for Cohort Go Fee Payment:

  • Student’s Passport
  • University Admission Letter / Offer Letter
  • Remitter’s ID Proof (Aadhaar / Passport)
  • Remitter’s PAN Card
  • Payment Instructions (as provided by the platform or university)
Cohort go logo
Pay Now

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Frequently Asked Questions

Yes, transfers processed through RBI-authorized banks and money exchangers are secure and regulated under Indian foreign exchange regulations.

Generally, you need KYC documents such as PAN card, passport, address proof, and documents supporting the purpose of remittance.

If funds are received before the bank’s cut-off time (usually around 3 PM), the remittance is processed the same day; otherwise, the next working day.

Yes, once the transfer is processed, you will receive an invoice and SWIFT copy which can be used to track the remittance.

Before converting USD to INR, pound to INR, or GBP to INR, always compare live exchange rates, transfer fees, and service charges. Using tools like forex cards (e.g., HDFC forex card) or reliable remittance platforms can help you get better value and avoid hidden costs

Forex & Money Transfers for Indian Students Going Abroad 

Paying your university fees abroad is one of the biggest financial decisions you’ll make. Understanding how forex works—and the rules around it—can save you thousands of rupees and a lot of confusion.

Exchange Rate on Google vs Real Exchange Rate

The exchange rate you see on Google is known as the mid-market rate — the average rate at which currencies are traded globally. However, this is not the rate you actually get.

Every bank and forex provider adds a margin on top of the interbank rate. This margin — sometimes called a “spread” — can range from 0.5% to as high as 4–5% depending on who you use. Keeping an eye on live rates like USD to INR, pound to INR, or GBP to INR before initiating a transfer helps you benchmark what a fair rate looks like.

On a transfer of ₹15 lakhs, that difference can be ₹75,000 or more. Always ask for the all-in rate, not just the headline rate. If the provider can’t give you a clear number that includes all charges, that’s usually a red flag.

What is LRS?

The Liberalised Remittance Scheme (LRS) is a regulation by the Reserve Bank of India that allows residents to send money abroad.

Under LRS, an individual can remit up to USD 250,000 per financial year for purposes like education, travel, medical treatment, and investments.

This limit applies per person (not per family), and no RBI approval is required within this threshold. All international student fee payments fall under this scheme.

Rule of TCS on Indian Students

When you send money abroad, Tax Collected at Source (TCS) may apply.

  • No TCS on education payments funded via an education loan
  • No TCS up to ₹10 lakh per year
  • 2% TCS on amounts above ₹10 lakh for education (from April 2026)

It’s important to note that TCS is not an extra cost—it can be claimed back or adjusted when you file your income tax return.

Guidelines to Transfer Money from India to Abroad

Most transfers today are processed digitally and completed within 1–3 working days. To make a smooth international fee payment, follow these key steps:

  1. Choose an RBI-authorised forex provider or bank
  2. Submit required documents:
    • PAN card
    • Passport
    • University offer letter
    • Fee invoice
  3. Fill Form A2 (mandatory for LRS transactions)
  4. Ensure your total remittance stays within the USD 250,000 annual limit
  5. Track your transfer and confirm receipt with your university

Conclusion

International payments don’t have to be complicated. By understanding exchange rates, LRS limits, and TCS rules, you can avoid hidden costs and make smarter financial decisions. The right forex partner can make the process faster, cheaper, and completely hassle-free.

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