Managing international payments is often one of the most complex aspects of studying abroad. At Gilpin Travel Management, our dedicated student remittance services in Mumbai simplify the process that’s built to make international education payments in India secure, compliant and transparent. From tuition fees and accommodation costs to living expenses, we ensure every transfer meets RBI and FEMA guidelines while offering competitive exchange rates and reliable timelines. Whether you are an educational consultant, a university, or a parent supporting a student’s journey, our solutions are designed to make securing overseas tuition fee transfers smoother and more accountable.
Outward remittance in India can be described as a transfer of money in foreign exchange by a resident in India to a beneficiary situated outside the country (except Nepal and Bhutan) for a purpose as approved under FEMA (Foreign Exchange Management Act).
We as an Authorized Dealer- Category – II, are being permitted by RBI permitted to remit money abroad for 17 purposes as listed below apart from regular money changing business. The OR transactions can be either a Telegraphic Transfer or a Demand Draft. These 17 purposes are within the overall limit under LRS scheme.
The transactions are processed only on verifying the KYC of the remitter. Our branch staff – Asst Manager – Operations or Sales / Manager Sales / Branch Manager certifies the KYC with Original Seen & Verified seal and signature.
One can definitely send money abroad from India following the guidelines under FEMA by RBI. The rules are broadly based on residential status of remitter and purpose. Business related transactions relating to import and export of goods and services are restricted to be handled only by Authorised Bank. With the introduction of Liberalised Remittance Scheme on February 4th ,2004, GOI has allowed general public to transfer money abroad for permitted current or capital account transactions. Presently residents of India are allowed to remit money up to USD 2.5 lakhs or equivalent per financial year.
We, GILPIN FOREX, has been granted an AD-Cat II license and has been permitted to facilitate outward remittances for specified purposes. Send money abroad through us to your loved ones at much better rates than banks.
Gilpin is an RBI Authorized Forex Dealer for students – Category II, licensed by the Reserve Bank of India (RBI) to process outward remittances under the Liberalised Remittance Scheme (LRS). Following FEMA guidelines, Indian residents can remit up to USD 250,000 per financial year for approved purposes, including overseas education. We facilitate transfers via Telegraphic Transfer (TT) or Demand Draft (DD), maintaining strict adherence to KYC and RBI documentation requirements to ensure every transaction is legitimate and traceable
We offer favorable and transparent conversion rates to help students make the most of their funds. Our continuous rate monitoring ensures value across fluctuating markets.
Every transaction is processed through verified banking channels to maintain safety and accuracy. Students and families receive real-time updates.
Choose from bank transfers, online platforms, or authorized exchange partners for convenience. Each mode is supported by strong security protocols and instant confirmations.
Our expert team assists students and parents through every step of the remittance process – from documentation to payment confirmation – with clear communication and quick responses.
We manage all FEMA, RBI, and LRS documentation to ensure error-free transactions. This minimizes delays and helps you stay compliant with every regulation.
Gilpin maintains transparent pricing without hidden costs. Our student-friendly service structure ensures accessibility without compromising reliability.
Currency Advice & Market Insights: Our forex experts guide you on when and how to remit based on real-time market trends. This ensures better value and smarter fund management.
With years of experience in corporate travel and forex solutions, Gilpin stands for integrity and precision. Our systems are built to deliver consistency and confidence every time.
Have a question or need expert guidance? We’re here to help you every step of the way. Reach out to us today and let’s begin the conversation.
Business Travel / MICE
Visa Fees
Medical Treatment Abroad
Employment and Job Processing Fees
Skills/Credential Assessment
Immigration & Consultancy
Membership Fees to Global Organizations
Private Visits
Valid Passport, Visa and Air Tickets (copies of each are retained)
Proof of Admission (for example, University Letter, I-20 for US Institutions)
PAN Card (mandatory)
Application cum Declaration under LRS Scheme
A2 Form & FEMA Declaration
Different remittance purposes call for different documents. We make sure you have everything in place and understand the process with ease.
Count on Gilpin to manage your student remittance services in India with care and precision and on time. We’re here to make your academic journey trouble-free. Connect with our Remittance Expert
💬 Speak with a Remittance Advisor
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