How do TCS Rules Make Abroad Education Loans More Rewarding?

    Updated on: 12 Sep 2023 8 min read

    TCS rules make abroad education loans more rewarding for study-abroad aspirants. No investment can get you a higher return than the one on your education. A smart move for education loans can now save you around 4.5% more money than you need to spend for education abroad. A smart move for education loans can now save you around 4.5% more money than you need to spend for education abroad. Adding to the purely economic reasons to go for an abroad education loan are the TCS rules introduced by the Government of India in 2020.

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    GyanDhan also offers you a unique travel/forex card, powered by VISA. 

    • This card can be loaded with currency in INR and can be used across the world with close to zero forex mark-up i.e. you get the exchange rate almost the same as the interbank exchange rate.
       
    • Best for paying in foreign currency.
       
    • Can also be used for paying fees for tests such as GRE / GMAT / TOEFL, application fees, or while traveling and living abroad without thinking about conversion charges.
       
    • You can easily transfer the money onto the card directly from a bank account via an app.
       
    • The forex card is free of cost and can help you save quite a lot.

     

    Have queries? Post your thoughts in the discussion section below and get a prompt reply from us.  



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Written by vishakha Bhagia

Interest in Finance with a flair for writing, Vishakha has written on education loans and the study abroad field for the last two years with articles published in Times of India, Outlook India, The Hindu, and many more publications.


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Reviewed by Aman Jain

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.


Specializes in:
Education loan , Study Abroad Admissions


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GyanDhan is India's first education financing marketplace.



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