Kotak Bank Forex Rate_5e8319cd1be53.png

Kotak Bank Forex Rate

Disclaimer Note: Interest rates are subject to periodic changes. The applicable interest rates will be offered based on the date and time of receipt of the funds by the bank.*Recurring Deposit Advice will be dispatched to your registered mailing address with the bank within 3 – 4 working days of opening the RD accountNot available […]

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What is a Foreign Remittance? and Type Of Foreign Remittances -Inward and Outward Remittances

What is a foreign remittance? A “foreign remittance” is an exchange of cash from a vagrant specialist to their families or different people in their nations of origin. In numerous nations, settlement constitutes a huge part of the GDP. The United States is the main wellspring of remote settlements, trailed by Russia and Saudi Arabia. […]

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Type Of Remittances

Types of Remittances

The remittances can be classified into four types including Family Remittances, Community Remittances, Migrant Worker Remittances, and Social Worker Remittances. Family Remittances: It refers to remittances that are sent by individual immigrants working in foreign locations to their family, relatives or friends in their home country. These remittances are sent every month and they assist […]

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