US Dollar
Euro
British Pound
UAE Dirham
Australian Dollar
Singapore DollarStudent Remittance From India.
Tuition, deposits and living expenses to any university abroad, at the live interbank rate.
- Licence NDL-ADII-0023-2023
- 4.9 ★ · 3 Lakh+ Customers
- 15 Years In Forex
- Form A2 Filled With You
Send Money For Education
Request In 60 SecondsCharges at checkout
Student remittance is the outward transfer of money from India to pay for education abroad: university tuition and instalments, admission and accommodation deposits, the visa-linked payments that come before them such as a GIC for Canada or a blocked account for Germany, and a student's monthly living expenses. Every one of them is an education remittance under the RBI Liberalised Remittance Scheme, carries a purpose code (usually S1107 for fees), needs Form A2, and counts toward the USD 2,50,000 a year the remitter is allowed. Above ₹10 lakh in a financial year, TCS on education remittance is 2% on the excess when it is self-funded and nil when it comes from a Section 80E education loan.
What Reaches The University, Line By Line.
An indicative picture: the rate, the currency amount, TCS by the rules that apply to education, and where bank charges can appear. The desk prepares the exact quote once it has your instruction.
Indicative Fee Ledger
This is a rough guide to help you plan, not a quote. Rates move through the day, TCS depends on your funding and what you have already remitted this year, and bank charges vary by route.
Indicative only, not tax advice. TCS is a government tax collected at source, not a Matrix charge, and is credited against your income tax or refunded when you file your ITR. Final figures are confirmed on your quote.
The First ₹10 Lakh Is TCS-Free
TCS on education remittance starts only above ₹10 lakh of LRS remittances in a financial year, counted across every purpose. Below that, nothing is collected.
Self-Funded Above ₹10 Lakh: 2%
From 1 April 2026 the rate on the amount above the threshold is 2% for education paid from your own funds, down from 5%. On ₹14 lakh that is ₹8,000, not ₹25,000.
Education Loan: Nil
Fees remitted out of an education loan from a bank or financial institution qualifying under Section 80E carry no TCS at any amount. Bring the sanction letter.
It Comes Back In Your ITR
Whatever is collected appears in Form 26AS and is set off against tax due or refunded. How To Claim A TCS Refund
Fifteen Minutes, Every Question Answered.
A free call with a remittance officer, no obligation and nothing to send us first. Ask anything about paying a university abroad from India: what it really costs, which documents apply to you, how long it takes, and what the rules mean in your situation.
- What it will actually cost. The live rate, the service fee, GST, and TCS worked out for your funding. Also the part nobody explains: what correspondent banks can deduct on the way, and how OUR charges stop it.
- Which documents apply to you. The list changes with the payment. Tuition is not the same as a GIC, a blocked account or monthly living expenses, and the destination changes it again.
- How the timing works. How long a transfer takes, what a banking day means for your deadline, and how late you can leave it before a fee due date is at risk.
- What your university is asking for. How to read a SWIFT or BIC, an IBAN, and the payment reference the fee office wants quoted. This is where most transfers go wrong.
- Nothing to commit to. No card, no obligation, and no follow-up unless you ask for one. Plenty of people call, understand it, and go away to think.
This is a conversation about the money, not about admissions. We do not advise on universities, courses, SOPs or visa interviews, and we will say so if you ask. What we know is the payment: LRS, TCS, purpose codes, Form A2, and the route your money takes.
Free, fifteen minutes, and no card is needed.
No card and no payment. We call you at the time you picked and answer whatever you ask.
We ring you on the number you gave, at the time you picked. Nothing to prepare, just bring your questions. If you would rather talk now, call +91 95608 07781 and ask for general details.
Where India Studies, And What The Fee Office Usually Asks For.
The routes Indian students book most, each with the payment its country actually asks for first: an I-20 case for the United States, a CAS deposit for the United Kingdom, a GIC for Canada, OSHC for Australia, a blocked account for Germany. Today's reference rate is on the stub, and each corridor has its own page with the local rules.
Reference rates from the live Matrix feed, refreshed through the day. Time now … IST.
Students We Send For, City By City.
The transfer is done remotely start to finish, so where you live changes nothing about the rate or how fast the university is credited. Send the instruction on WhatsApp from anywhere in India. These are the cities most of our students remit from.
The remittance never needs a visit. Walk-in and doorstep delivery matter only for the cash and forex card you carry, and those run in all sixteen.
Every Education Payment, One Desk.
Tuition fees, a German blocked account, a Canadian GIC, admission and accommodation deposits, and monthly living expenses. Choose the payment on your instruction and Matrix confirms the purpose code and the beneficiary route before funds are arranged.
Tuition Fees
Most CommonPay the university invoice or fee instruction in full or by instalment, with the student ID as the payment reference. The commonest education remittance we handle.
Blocked Account, Germany
Visa RequirementThe Sperrkonto amount the German student visa asks for, sent to the blocked-account provider, then the semester contribution to the university.
GIC Funding, Canada
Study PermitThe Guaranteed Investment Certificate many Canadian study permits need, funded to the provider's instruction before the visa appointment.
Admission And Confirmation Deposits
Time-CriticalThe deposit that secures the seat or the CAS, usually smaller and always on a deadline. Same-day SWIFT on banking days when documents are ready.
Accommodation Deposits
University Or ProviderHalls, university housing or a private student-accommodation provider named on the booking instruction.
Living Expenses
RecurringMonthly maintenance to the student's own account abroad, under the parent's LRS, with the relationship documented once.
Paying an exam fee, a health-cover premium or something not listed here? Ask the desk whether the purpose is supported before you arrange funds.
Fee Due On A Date? Work Backwards.
SWIFT transfers credit in 24 to 48 hours once funds and documents are in, on banking days. Pick the due date and the planner tears off the last safe day to book.
Cutting it fine? Call the desk. Same-day SWIFT is possible on banking days when the instruction, KYC and funds are in by early afternoon.
Documents Required For Student Remittance.
The same core file covers every education transfer. A few cases add one document: an I-20 for the United States, the sanction letter and loan account statement when fees come from an education loan, the GIC letter for Canada, the blocked-account confirmation for Germany. Everything is checked once, and later transfers for the same student reuse it.
From The Remitter
- Aadhaar Card Or Passport
- PAN Card
- Six Months Bank Statement
From The Student
- Passport
- Valid Student Visa
- Offer Letter
Beneficiary And Payment
- Beneficiary Details
- Payment Proof
Purpose
- Form A2, Filled With You
From The Remitter
- Aadhaar Card Or Passport
- PAN Card
- Six Months Bank Statement
From The Student
- Passport
- Valid Student Visa
- Offer Letter
- I-20
Beneficiary And Payment
- Beneficiary Details
- Payment Proof
Purpose
- Form A2, Filled With You
From The Remitter
- Aadhaar Card Or Passport
- PAN Card
- Six Months Bank Statement
From The Student
- Passport
- Valid Student Visa
- Offer Letter
Beneficiary And Payment
- Beneficiary Details
- Payment Proof
Purpose And Funding
- Form A2, Filled With You
- Loan Sanction Letter
- Loan Account Bank Statement
From The Remitter
- Aadhaar Card Or Passport
- PAN Card
- Six Months Bank Statement
From The Student
- Passport
- Valid Student Visa
- Offer Letter
Beneficiary And Payment
- GIC Letter, Which Carries The Bank Details
- Payment Proof
Purpose
- Form A2, Filled With You
From The Remitter
- Aadhaar Card Or Passport
- PAN Card
- Six Months Bank Statement
From The Student
- Passport
- Valid Student Visa
- Offer Letter
Beneficiary And Payment
- Blocked-Account Opening Confirmation With IBAN And BIC
- Payment Proof
Purpose
- Form A2, Filled With You
The Rules, Without The Jargon.
The LRS limit for education, TCS on education remittance, and the Form A2 purpose code. Three things every education remittance runs on, with the figures as they apply from 1 April 2026.
The LRS Limit For Education
A resident individual may remit up to USD 2,50,000 a year across all permitted purposes, education included. Prior forex use in the year counts toward it. The limit belongs to the remitter, so a parent's limit is separate from the student's.
TCS On Education Remittance
Nothing up to ₹10 lakh a year. Above it, 2% on the excess for self-funded education and nil when the money comes from a Section 80E education loan. Credited or refunded in your ITR.
first ₹10,00,000 · exempt
next ₹4,00,000 × 2% · ₹8,000 TCS
same amount via an 80E loan · ₹0
Form A2 And The Purpose Code
Form A2 is the declaration behind every outward remittance: remitter, beneficiary, amount and purpose. Fees usually carry S1107; living expenses and deposits can differ. Matrix fills the form with you and confirms the code that fits your instruction.
General information, not legal or tax advice. Thresholds and rates change with the Finance Act. Last reviewed 7 September 2026.
Why A University Sometimes Receives A Little Less.
A transfer passes through more than one bank, and some of them can deduct a charge on the way. Here is where that happens, and how to stop it.
Shared charges. You pay Matrix's side, the receiving banks take theirs from the amount. The common default, and the reason a few dollars go missing.
You bear every charge upfront and the university receives the exact invoice amount. Ask for it when a fee office insists on the full figure; Matrix prices the route wherever it allows it.
The SWIFT confirmation with the reference the university's finance office can trace. Matrix sends it to you the day the transfer goes out.
Two People, One Transfer.
A parent can send money to a child studying abroad under their own LRS limit. The parent is usually the remitter, the university or the student is the beneficiary, and the limit belongs to whoever sends. Each side has its own worries. Both get a human.
Send Money To A Child Studying Abroad
The hardest part is rarely the money. It is reading the university's instruction, knowing which documents prove the purpose, and being sure of what actually lands. A Matrix specialist walks the instruction with you, fills Form A2 and quotes the landed amount before you pay.
- Tuition, deposits and monthly living expenses, all under your LRS
- TCS worked out before you pay, refundable in your ITR
- MT103 confirmation to forward to the university
Fees Today, Arrival Money Tomorrow
One desk handles the tuition transfer, the living-expense top-ups through the year, and the money you land with: a multi-currency forex card and a little cash for the first week. Documents are checked once and reused for every transfer after.
- Blocked account and GIC funding for Germany and Canada
- Forex card in 28 currencies for the semester, delivered home
- WhatsApp support in your time zone once you are there
Pay University Fees Abroad In Five Steps.
Share The Instruction
Send the university invoice, fee page or provider instruction on WhatsApp or the form above. That is enough to start.
Get The Fee Ledger
The rate, the currency amount, TCS by your funding and every charge, on one quote. Nothing is hidden inside the rate.
Beneficiary Details Checked
SWIFT or BIC, IBAN or account number, and the payment reference are verified against the instruction before anything moves.
KYC And Form A2
PAN, passport, the admission letter and Form A2, completed with you digitally in about ten minutes. Reused for every later transfer.
Fund And Receive The MT103
Pay by bank transfer after the quote. The SWIFT goes out the same banking day, and the MT103 reference reaches you to forward to the university.
Tuition Is Paid. Now The First Week.
A student forex card and a little cash for the taxi, the SIM and the first grocery run, from the same desk, delivered home before the flight.
Student Forex Card, 28 Currencies
Load USD, GBP, EUR, CAD, AUD or SGD at the live rate before you fly and spend without cross-currency charges on the currencies loaded. Reloadable from India by your family through the semester.
Get The Student Forex CardCash For Landing Day
Notes in 40+ currencies for the first week: the airport taxi, a deposit that only takes cash, the campus card top-up. Delivered to your door in 16 cities, usually the same day, and counted before you pay.
Order Currency NotesA Licensed Desk, Not An App Queue.
An RBI Authorised Dealer Category-II with its own branches, which means a named person checks your instruction, a phone that is answered, and paperwork that is right the first time. In foreign exchange since 2011, three lakh customers, ₹4,500 crore processed, eight branches and doorstep service in sixteen cities.
Matrix Forex Services Pvt Ltd
Families ask the same things first. The answers are below, and the fifteen minute call covers anything they do not.
TCS, LRS, Deadlines And What The University Actually Receives.
Answered the way the desk answers them. Anything else, ask on WhatsApp.
What is student remittance?+
How do I pay university fees abroad from India?+
Can a parent pay a child's university fees abroad?+
What is the TCS on education remittance in 2026?+
How do I claim the TCS back?+
What is the LRS limit for education?+
Which purpose code applies to education payments?+
What documents are required for student remittance?+
How long does a university fee transfer take?+
Will the university receive the exact invoice amount?+
Can I send living expenses to a student every month?+
Can Matrix pay a GIC in Canada or a blocked account in Germany?+
My university uses Flywire or a payment portal. Can I still use Matrix?+
Can I pay university fees with a credit card from India?+
Which forex card is best for students going abroad?+
Is Matrix Forex RBI-authorised?+
What is education remittance?+
How much money can parents send abroad for education?+
How do I fund a GIC for Canada from India?+
How do I open and fund a blocked account for Germany?+
What is the best way to send money to a student abroad?+
Learn Before You Transfer.
Ready To Pay The University?
Share the instruction, get the ledger with every charge, and lock the live rate. Pay only after the quote.
+91 95608 07781Calls answered around the clock, 7 days a week