The State Bank of India (SBI) has announced a partnership with Flywire, global payments enablement and software company, to allow Indian students and customers of the bank to pay educational fee to foreign universities and colleges in local currency, i.e., INR. Here are important FAQs on universities tie-up and how to make payment via SBI’s Remittances to Foreign Universities through FLYWIRE. Is there a limit on how much money I can send? SBI Customers can make a payment equivalent to USD 25000 per day and USD 250,000 in a Financial Year starting from 01 April to 31 March. For further information please refer to RBIs master circular on Liberalised Remittance Scheme (LRS) vide…
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