Category: Finance

Currently, navigating through global financial transactions should be a piece of cake. ICICI Bank, which is one of the most reputed banks in the financial sector, has emerged as a trusted source for easy, hassle-free international money transfers. In simple terms, this quick guideline will guide you through an easy way of utilizing ICICI’s services…

Today’s interconnected world needs cheap and safe international money transfers. With economies around the world becoming intertwined and people as well as companies crossing boundaries, moving money from country to country has become an important pillar of modern finance. In this rapidly changing environment, Axis Bank, through its global operations, is establishing itself as an…

With current globalization, which entails connectivity among nations globally, there is a growing requirement for transferring money internationally and doing so securely. There has been an increase in the need for simplified financial services due to increased interactions across boundaries among both individuals and companies. The State Bank of India (SBI) is situated within this…

Tax Collected at Source (TCS) is a method utilized by the government to directly collect taxes from individuals at the time of various payments. In recent times, there have been developments in India’s TCS framework, expanding its scope to cover a wider range of transactions, including those with lower values. The objective behind these changes…

Starting October 1, 2023, the Indian government will make a significant change to its tax system by increasing the tax collected on foreign remittances from 5% to 20%. This change will have important implications for Indian residents who transfer money internationally, as they will now have higher tax obligations and need to consider their finances…

In Europe, cross-border payment methods are rapidly evolving, with a tendency towards digital transfers, according to a Visa study. In 2023, more and more European consumers are opting for apps and online platforms to securely and conveniently send money to their friends and family. This shift is particularly noticeable in France and Poland, where 62%…

In the heart of New Zealand’s economy, which heavily relies on trade, foreign remittances have become essential. These remittances connect over a million New Zealanders who received a total of NZ$2 billion in the year. The majority of these funds are intended for supporting family members, education, healthcare and even business investments. As digital technology…

India is home to the largest number of people living abroad, with around 3.2 million Non-Resident Indians (NRIs) and People of Indian Origin (PIOs). In the UK, there are 1.92 million individuals who are multicultural, which makes them a significant part of the population. This community plays a crucial role in contributing to the UK’s…