HOW TO SETTLE IN EASILY WHEN PURSUING HIGHER STUDIES ABROAD - The Daily Guardian
Connect with us

Lifestyle & Entertainment

HOW TO SETTLE IN EASILY WHEN PURSUING HIGHER STUDIES ABROAD

Noor Anand Chawla

Published

on

Since application season for foreign university applicants has just concluded, many hopeful students will be preparing for a new chapter in their lives. Moving from the pampered luxuries of home life to fending for oneself abroad, while concentrating on attaining good grades, is not an easy task. Everything from searching for accommodation and furnishing it, to figuring out the nearest and most inexpensive grocery store and laundromat; there are many tasks on one’s to-do list when they first move abroad to pursue higher studies.

Perhaps the most important factor, however, is to sort out one’s finances—set up a bank account and establish an easy system to receive and transfer money throughout the year. Fortunately, the team behind Remitout has solved this headache by setting up a dedicated service to simplify the wiring of money internationally. Two bankers—Nafees Dadi and Kritika Saini—realised that students and their parents often visited banks to transfer money but found it difficult to navigate the endless form-filling and other arduous tasks. In their frazzled state, they often made mistakes, having to redo their forms and wait in long queues to have their money transfers processed.

This led to the idea of Remitout—a portmanteau of ‘remittances outside’ India. The transfer of money to people studying abroad falls under the Liberalised Remittance Scheme (LRS), which facilitates resident individuals to remit up to $2,50,000 or its equivalent abroad per Financial Year, for permitted current or capital account transactions or a combination of the two. The team behind Remitout realised that the transactions made under this scheme were grossly under-serviced, presenting an opportunity for them to launch themselves on the market.

When asked if they felt that students lack financial independence, Dadi and Saini are emphatic in their explanation. “The majority of students do lack financial independence as most of them are undergraduates, financed by their families. Even those that are graduates take loans or sometimes borrow money from friends and family to finance themselves. Only about 20% of people going abroad to study are working professionals who have saved funds through their jobs and are able to finance themselves,” they say. According to them, however, the lack of finances is not a serious issue. In India, there is an unstated understanding that parents finance the higher studies of their children, especially at the undergraduate level. Those that cannot afford it, prefer to send their children to Indian institutions for higher studies.

Today, Remitout has helped over 4,500 students receive their remittances with ease. By offering money transfers in more than 15 currencies, they have clearly become the preferred remittance partner in India for students and their parents. Some of the services that distinguish them in this space include easy accessibility through phone calls, WhatsApp chats, emails and messages; a one-time signup process that simplifies the form-filling procedure allowing it to be completed in a few minutes; the capability of setting up rate alerts which keep the customers informed of the desired exchange rates; maintenance of complete transparency which allows better control over transactions; and the promise of taking their data security very seriously.

As with any business, Remitout too faced numerous challenges when it first began. Students were not keen to explore this new service and were especially distrustful of their paperless transactions—they simply could not fathom the concept of uploading photos and documents by clicking pictures. They overcame this prejudice slowly and steadily by asking for reviews from happy customers. “We asked them to write about our services on their chat groups and social media accounts. This helped us to grow organically and attracted a lot of traction on our website,” exclaim the founders.

Then the pandemic hit and Remitout had to re-assess its situation once again. As universities were shut and international flights banned, the team waited patiently to tide this time over and is fortunately up on its feet again. With the vision to build an authoritative money remittance platform, Remitout helps Indian students settle in easily when studying abroad. Their long-term goal is to make the platform conducive to all kinds of student payments—negating even the need for credit cards ultimately.

The writer is a lawyer who pens lifestyle articles for various publications and her blog www.nooranandchawla.com. She can be contacted on nooranand@gmail.com.

The Daily Guardian is now on Telegram. Click here to join our channel (@thedailyguardian) and stay updated with the latest headlines.

For the latest news Download The Daily Guardian App.

Lifestyle & Entertainment

DEEPIKA PADUKONE DROPS AESTHETIC MONOCHROME PICTURE

Published

on

NEW DELHI: Bollywood actor Deepika Padukone on Sunday treated her fans to an aesthetic monochrome picture of her that had a chiaroscuro effect on it.

Deepika took to her Instagram handle and shared the picture that featured her silhouette, while she stood behind translucent curtains. Though she did not write anything in the caption, she dropped a half-moon emoji there. Her husband and actor Ranveer Singh was blown away by his wife’s beauty and commented “Gorg” on her post.

Not just Ranveer, fans also showered love on Deepika’s photo, with many dropping heart, heart-eyes and fire emojis. “So beautiful ji,” one wrote, while another said, “You are heart.” A third one added, “Sunshine on the gloomy day.”

Meanwhile, on the film front, Deepika will be seen next in Shakun Batra’s yet-to-be-titled film.

The actor also has an impressive line-up of projects in the pipeline including ‘83’, ‘Baiju Bawra’, ‘Fighter’, ‘Sanki’, ‘Pathan’, and ‘K’, which is the Indian adaptation of Nancy Meyers’s 2015 hit Hollywood film ‘The Intern’, and will also feature megastar Amitabh Bachchan.

Continue Reading

Lifestyle & Entertainment

RANVEER SHARES LIGHT MOMENT WITH DHONI

Published

on

MUMBAI: Superstar Ranveer Singh and former Indian national cricket team skipper Mahendra Singh Dhoni, who are part of the All-Stars Football Club, were spotted playing football together at a stadium in Mumbai. After their gaming session, Ranveer took to his Instagram handle and posted a picture with Dhoni. The duo can be seen sitting on the ground and sharing a light moment. In his post, the actor showered love on MSD, indicating that how much he admires the legendary cricketer.

“Bade bhai ke charno mein hamesha. My Jaan,” Ranveer captioned the Instagram post. Ranveer, known to be a lover of sports, also posted a photograph with cricketer Shreyas Iyer, who took part in the match. The ‘Ram-Leela’ actor also heaped praise on Iyer as he wrote, “There was no other way to stop him (Shreyas).” Meanwhile, on the work front, Ranveer will be seen in a cricketer avatar in Kabir Khan’s ‘83’ film, which is based on India’s iconic win at the 1983 Cricket World Cup.

Continue Reading

Lifestyle & Entertainment

KANGANA GIVES GLIMPSE OF HER ‘DHAAKAD’ FIGHT

Published

on

kangana-ranaut

MUMBAI: Actor Kangana Ranaut is preparing hard for her role in the upcoming film ‘Dhaakad’. On Sunday, Kangana took to Instagram Story and posted a video of her rehearsing fight moves for ‘Dhaakad’.

“Ladako number 1, Baaghi ladki #Dhaakad rehearsals,” she captioned the clip.

For the unversed, Kangana is currently in Budapest for the above-mentioned movie, which is being helmed by Razneesh Ghai.

Arjun Rampal and Divya Dutta are also a part of ‘Dhaakad’, which is based on issues like child trafficking and crimes against women. Apart from ‘Dhaakad’, Kangana will also be seen in ‘’Thalaivi’ — based on the life of late politician Jayalalithaa. 

Continue Reading

Lifestyle & Entertainment

PRIYA BAPAT STARRER CITY OF DREAMS SEASON 2 TRAILER RELEASED

Published

on

The trailer for the much-awaited City of Dreams season 2 starring Priya Bapat is out and the series will release on July 30. The Priya Bapat starrer City of Dreams Season One was a runaway hit and was one of the finest web series from India. Priya Bapat played a girl who went from being a housewife to be a leader and she portrayed that with absolute conviction. It was directed by decorated director Nagesh Kukoonoor.

Season 2 will see a see-saw battle of power between Priya Bapat and Atul Kulkarni from the looks of the poster. The cast also includes Sachin Pilgaonkar, Sushant Singh, and Eijaz Khan. The trailer for Season 2 has been received with a rousing welcome and it goes on to show the kind of love season one garnered.

Priya Bapat spoke to The Daily Guardian and here is what she says, “It’s an intense show with some incredible performances. I am so happy, proud, and lucky to be doing such a project. A huge thanks to my director Nagesh Kukoonoor sir for placing his trust in me. The trailer for Season 2 is out now and the series would be coming on July 30 and I can’t contain my happiness”.

“The audience reaction and feedback for Season 1 have given me such validation and fulfillment as an actor. The satisfaction is huge. There are some seriously good actors in it and some legendary names. And it’s all like one happy family. The trailer has got some great feedback and it’s time for the show to come. Stay safe and much love to all,” she further added.

Priya Bapat made her debut with Dr. Babasaheb Ambedkar. She is also remembered for her roles in Munnabhai MBBS and Lage Raho Munnabhai. Her role in Kaksparsh and Timepass 2 acclaimed her good response from critics.

Continue Reading

Lifestyle & Entertainment

AKSHAY REMEMBERS CAPT VIKRAM BATRA, SHARES THE TRAILER OF ‘SHERSHAAH’

Published

on

NEW DELHI: The power-packed trailer of Sidharth Malhotra’s upcoming movie based on the life of Param Vir Chakra awardee Captain Vikram Batra was released on Sunday.

Sharing the trailer, superstar Akshay Kumar penned a heartfelt note in remembrance of the Kargil war hero.

Taking to his Instagram handle, Akshay shared the much-awaited trailer with his fans and followers. Sharing the video and praising Sidharth for playing the war hero, he wrote, “Shershaah Trailer. What possible tribute can a reel hero give to a real hero.” Continuing with the caption, the National-Award-winning actor further noted, “Except to say that your sacrifice inspired us for life, Param Vir Chakra Awardee Captain Vikram Batra!”

Akshay added that he had always felt honoured that he shares his birthday with the war hero that is- 9th September. “And now feel privileged to share the trailer of #Shershaah that will tell the story of your heroic sacrifice to millions of us. Jai hind!”, Akshay said.

‘Shershash’ is a true story of Kargil war hero, Captain Vikram Batra who died during the war in 1999. The movie has been helmed by Vishnu Varadhan while Karan Johar, Hiroo Johar, Apoorva Mehta, Shabbir Boxwala, Ajay Shah, and Himanshu Gandhi are producing the film. Kiara Advani who will be seen playing the love interest of Sidharth will portray Dimple Cheema in the film that will release on 12 August on Amazon Prime Video. 

Continue Reading

Lifestyle & Entertainment

ANGAD BEDI, MOUNI ROY’S NEW SONG ‘BAITHE BAITHE’ TO RELEASE ON 28 JULY

Published

on

MUMBAI : Actors Angad Bedi and Mouni Roy will be seen together in an upcoming music video titled ‘Baithe Baithe’.

Taking to Instagram, Angad shared that the new song will be out on July 28. He also unveiled the first poster of the song, wherein he and Mouni are seen dressed up in ethnic attires.

“Do you believe in love at first sight? Baithe Baithe releasing on 28th July 2021,” Angad wrote. ‘Baithe Baithe’ is sung by Stebin Ben, Danish Sabri and Aishwarya Pandit. Meet Bros have composed the love track.

Mouni has also shared the poster of the song on her Instagram handle. With the announcement, congratulatory messages and best wishes have poured in for the actors. “Congrats beauty,” actor Vidya Malwade commented.“Best of luck. Can’t wait to hear the song,” a fan commented.

On the film front, Mouni will be seen in ‘Brahmastra’ and ‘Bole Chudiya’. The details of Angad’s upcoming film and shows projects have not been announced yet.

Continue Reading

Trending