SocialFinance Team 31

• asked 22h ago

I have a zero forex credit card, how can I make sure correct conversion is charged

I have zero-forex markup credit cards like IDFC, Scapia and Niyo. it sounds great but what would i actually be paying when i tap my card abroad? Can I check rate somewhere before using the card?

scapia-credit-card idfc-credit-card zero-foxex-card

0 votes

1 answers

4 views

SocialFinance Team 31

• asked Oct 26

Which is best third party platform (not banks) to received inward remittance to India

I am a freelancer/small business providing software services to outside India clients (Toptal/Upwork and a few direct US clients). Which is best third party platform (not banks) to received inward remittance to India for such business incom...

infinity xflow mulya skydo inward-remittance

0 votes

1 answers

5 views

SocialFinance Team 31

• asked Oct 26

AU customer care pushing for higher AMB account

So I am trying to switch to zero balance from royale. They told me to transfer (outward remittance under LRS) over 1 lakh in a year - we need atleast 10k balance account - is that true?

zero-balance-account minimum-balance lrs au-bank

0 votes

1 answers

8 views

SocialFinance Team 31

• asked Oct 25

AU to Paasa bank details

Need help. Transferring funds from AU to Paasa Unable to understand what to add in receiver's personal details. Is it going to be . Interactive Broker's Or my pasa account details

paasa outward-remittance au-bank

1 votes

1 answers

76 views

SocialFinance Team 31

• asked Oct 24

Purpose code when withdrawing from Paasa?

Does anyone have any idea what purpose code applies when withdrawing from Paasa? It would be inward remittance to Indian bank account

paasa foreign-investment

0 votes

1 answers

8 views

Pankaj Batra 3

• asked Oct 23

Do I need a premium or high-balance account with AU Bank to get the zero forex markup?

I am opening AU bank account for outward remittance under LRS, Do I need a premium or high-balance account with AU Bank to get the zero forex markup?

foreign-investment

0 votes

1 answers

8 views

SocialFinance Team 31

• asked Oct 9

Do software and service exporters need to file an EDF with their bank from October 2026?

My bank says service export receipts now need an Export Declaration Form (EDF). Is this new, what does it need, and do I need an IEC as a service exporter?

inward-remittance income-tax

0 votes

1 answers

1 views

SocialFinance Team 31

• asked Sep 28

Basic Savings Bank Deposit Account or a regular savings account: which should I choose?

I'm deciding between a zero-balance Basic Savings Bank Deposit Account (BSBDA) and a regular savings account with a minimum balance requirement. What are the real differences?

bank-account

0 votes

1 answers

0 views

SocialFinance Team 31

• asked Sep 26

How does FX-Retail pricing work, and what happens to the dollars after I buy them?

Is the spread on FX-Retail always 20 paise, or can it be negotiated? After I buy USD, where is it held and for how long? Does the same work for converting USD back to INR, and is a markup charged on inward conversions too?

ccil-fx-retail forex

1 votes

1 answers

1 views

SocialFinance Team 31

• asked Sep 21

I entered the IBKR reference in the remittance remarks without spaces around the slash. Will it still be credited?

In the remarks for my wire to IBKR I typed the account reference as UXXXXXXXX/NAME instead of UXXXXXXXX / NAME. Should I be worried that the deposit won't be matched to my account?

outward-remittance ibkr foreign-investment

0 votes

1 answers

0 views