Can university fees be paid through Indian banks or parents in India in UK?
Yes, you can pay UK university fees from India using your Indian bank account or through your parents in India.
The Reserve Bank of India (RBI) permits international remittances for education under the Liberalized Remittance Scheme (LRS), typically up to USD 250,000 per financial year (subject to change). Common payment methods include:
- Bank Transfer (SWIFT): Direct transfer from your Indian bank to the university’s account.
- Forex Providers: Services tailored for students, often with better exchange rates and lower fees.
- Online Platforms: Some UK universities accept payments via platforms like Flywire or Convera.
Be aware that payments above ₹10 lakh are usually subject to a 2% Tax Collected at Source (TCS), which is also subject to change.
If you need help choosing the best payment method, contact your LeapScholar counsellor.
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