How do parents transfer money to Dubai?


Certainly! If your child is planning to study in Dubai (UAE), transferring money for tuition fees and living expenses is an important aspect. Here’s how parents can transfer money to Dubai for their children’s education:

1. Bank Wire Transfer (SWIFT Transfer)


- Most Common Method: Indian banks can transfer funds to universities or a student’s UAE bank account via SWIFT.
- Process: Visit your bank with required documents (admission letter, fee invoice, student’s passport copy, university bank details).
- Timeframe: Usually 1–3 working days.

2. Foreign Exchange/Remittance Services


- Providers: Western Union, MoneyGram, Thomas Cook, and other licensed forex dealers offer education remittance services.
- Benefits: Some offer direct university payments and competitive exchange rates.

3. Online Banking & Mobile Apps


- Banks like: HDFC, ICICI, SBI, Axis provide online remittance facilities for education expenses.
- Procedure: Log in, select ‘Overseas Education Payment’, fill in details, upload documents, and initiate transfer.

4. Paying Directly to University


- Many Dubai universities partner with payment gateways like Flywire or CIBC International Student Pay to accept international payments from India.
- Safe and trackable: These platforms guide you in paying fees directly.

5. Opening a Student Bank Account in Dubai


- Once your child arrives in Dubai, they can open a local UAE bank account.
- Parents can then transfer living expenses periodically from India to this account.

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Documents Usually Required:


- Student’s admission letter
- Tuition fee invoice or living expense estimate
- Passport copies (student & parent)
- University’s bank account details (for tuition)
- Student’s UAE bank account details (for living expenses)
- PAN card (for Indian remitter)
- Form A2 (for forex transactions)

LRS Limit


- As per RBI’s Liberalised Remittance Scheme (LRS), parents can send up to USD 250,000 per financial year per student for education or maintenance.

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Tips:
- Compare forex rates and remittance charges.
- Always use authorized banks or forex dealers.
- Keep receipts and confirmation for visa and university records.

If you’d like, Pollster Education can guide you further with the process, documents, and even recommend reliable remittance partners!
Contact us:
- Phone: +91 9324480791
- Email: info@pollstereducation.com
- Visit: 8, Alankar Building, 1st Floor, Balaram Street, Above Bank of India, Grant Road (E), Mumbai

Let us know if you need step-by-step assistance or have specific queries about a university in Dubai!
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