Call Us
18002099100
Chasing the Lights Across the World’s Best Northern Lights Countries
By thomascook seo
Table of contents
Dear Student, you must be all set to leave home for your education abroad. While the excitement and anxiety must be playing hide and seek with you, you are also considering the monetary aspects of your petty and maintenance expenses from the time you land abroad. Therefore, if you are a student travelling abroad, it is important for you to know the most convenient and effective mediums to arrange for all your financial transactions, securely, overseas.
But firstly, check out the rewards Thomas Cook is offering on buying Forex Cards. Gift voucher, chance to win a free trip and many more. Check out the offers here.
1. Travel Cards – Best way for a student travelling abroad
Travel cards are a holistic solution for a student travelling abroad for higher education. They are safe and secure to carry and can be pre-filled with different currencies. They are pin and chip-enabled and hence much safer to carry than cash. Generally, these cards come in handy to manage your daily expenses, and students can also pay for their air-ticket bookings, cab fares and even pay their fees to the university. These cards work at ATMs too. However, please do note that there are countries including Australia, US and Canada that have certain withdrawal limits per transaction. Some banks may even charge you a fee for the withdrawals you make. There is, however, a lock-in on the exchange rate from the day of purchase.
Parents/Guardians residing in India can also reload forex cards with additional money online. You can even receive SMS & E-mail alerts to keep a check on your expenditures.
2. Demand Draft
Foreign currency demand draft (FCDD), is one of the most efficient and commonly used mediums to make international remittances. There is a nominal fee for making one. The best part – the amount gets remitted directly to the beneficiary’s account.  It is generally utilised to make transactions in substantial amounts like paying university and hostel accommodation fees. However, please note that clearing of the payment to the beneficiary’s account takes a good load of time.
3. Wire Transfer
Wire transfers are the easiest and the most convenient medium to make international monetary transactions. While making a wire transfer there may be certain details necessary of the beneficiary’s account viz. Beneficiary Name, Beneficiary Account Number, Beneficiary Address, Country, Bank Name where the beneficiary is holding the account, Bank Address, SWIFT Code and any other financial code that may apply to the respective region where the beneficiary’s bank account is located. Students can make pay university fees quickly and conveniently via wire transfers.
Must Read:Â How To Save Money On International Money Transfers
4. Travellers cheque, Best way for a student travelling abroad
Traveller’s cheque, one of the most conventional and the oldest mediums is another one to make international monetary transactions. These are easily available in all prominent currencies. In case of any theft or loss, worry not because they cannot be used by anyone else but you. Another plus, is that traveller’s cheques do not have an expiration date, however, the negative is a limited number of vendors available to encash these cheques.
5. The Good Old Currency Notes
Last but not least currency notes, the most convenient medium of carrying out your forex transactions, these are widely accepted by all the vendors big or small. These will come in handy for all your routine expenses.
Read about Thomas Cook Services you can avail while planning to study abroad.
So, as a student travelling abroad, you must undertake all the conventional practices to go abroad for your higher studies, I wish you all the very best. And oh, spend wisely?
References:
- Economic Times, 2017
- ICICI Bank
Note:
Please note that all the forex transactions that you will undertake are subject to the limits governed by the Foreign Exchange Management Act (FEMA) of India.
Must Read:Â Doing Masters Abroad & Have No Money To Explore The City? We Got Your Back!
Table of contents
Our Forex Offerings
Recommended Articles for you
Chasing the Lights Across the World’s Best Northern Lights Countries
0 0 There is a particular kind of silence that falls over you the first time the sky turns green above your head. It is not something a screen can prepare you for. That unforgettable moment is what makes Northern […]
Cherry Blossom Festival in Japan – The Ultimate Spring Escape
0 0 If there is one country that can consistently surprise you, enchant you and make you feel blessed about life, it has to be Japan. From retaining deep-rooted cultural beliefs to staying ahead in technology and being a pioneer […]
Sakura Cherry Blossom – Witness Japan’s Pink Spring
0 0 Every year, Japan’s gardens, trees and parks turn from a glorious green of jade to the soft pink of a blushing bride. That’s right, the cherry blossoms are ready to bloom, bringing with it the promise of a […]
Places to Visit in India in December
0 0 December marks the beginning of the peak travel season in India. From the North of the country to the South, every region has pleasant weather and clear skies, perfect for sightseeing. After the hot summer and muggy monsoon, […]
12 Best Places To Visit In November In India In 2026
0 0 November is a month of vibrant transitions in India, offering an array of travel experiences from the cool Himalayan foothills to the warm beaches of the south. If you’re planning your travel itinerary for November 2026, India presents […]
What is the average cost of living in Singapore in 2026?
0 0 The Cost of Living in Singapore At A Glance Average monthly budget: A single person may need S$1505 every month excluding accommodation. The rest of the budget depends on lifestyle and location. Biggest expense: Accommodation is the largest […]
Top Universities in Germany for International Students
0 0 Germany universities for international students have been one of the most preferred destinations for many years. Public universities charge little to no tuition fees, offering excellent opportunities for globally valued research and English-taught programs across engineering, business, and […]
RBI Forex Guidelines for Foreign Exchange Transactions in India
0 0 What Do RBI Forex Guidelines Say? FEMA oversees the legal mechanism governing foreign exchange transactions in India. All Indian residents should deal in forex only through RBI-authorised persons and for permitted purposes. Under the Liberalised Remittance Scheme (LRS), […]
Cost of Living Index by Country: Compare Living Expenses Around the World (2026 Guide)
0 0 No two countries charge the same price for everyday life. A coffee that costs $2 in Hanoi can cost $7 in Zurich, and a one-bedroom apartment renting for $300 in Cairo might command $3,000 in Manhattan. These gaps […]
Delhi To Haridwar distance: Best Route, Train Timings & Travel Guide
0 0 Delhi to Haridwar At A Glance Haridwar is an integral religious destination for Hindus. In 2025, 3.4 crore people visited Haridwar, and that number is only expected to be higher at the end of 2026. If you are […]
Delhi to Kedarnath distance: Best Route, Train Timings & Travel Guide
0 0 Delhi to Kedarnath cannot be called a road trip, but it is a journey where the destination is sacred, so every part of the journey becomes a kind of storytelling. Most of the people ask, “Delhi to Kedarnath […]
Jodhpur to Udaipur journey is an ultimate Rajasthan travel journey.
0 0 These two destinations have completely different personalities, but the journey between the two destinations is mesmerising. Imagine yourself waking up to the blue-painted buildings of Jodhpur, covered with mighty forts and surrounded by beautiful desert vibes. And then […]
Kullu to Manali distance: Best Route, Train Timings & Road Trip Guide
0 0 Kullu to Manali At a Glance Kullu and Manali sit in the same valley, so this isn’t really a “journey” in the way Delhi to Manali is; it’s more of a short hop most travellers do on their […]
Everything You Need to Know About Mumbai to Goa Distance
0 0 Mumbai to Goa At a Glance Goa is one of the most happening places in India. It offers nature, partying, waterfalls, trails, water activities, and whatnot. Goa sees millions of tourists every year from all across the globe, […]
Varanasi to Haridwar distance: Best Route, Train Timings & Travel Guide
0 0 Varanasi to Haridwar at a Glance Here are the numbers, before anything else. People do this route mostly for one reason: both cities run a daily Ganga aarti, and pilgrims like pairing them into one circuit. Road: roughly […]
Ride the World’s Longest Cable Car to Hon Thom Island: Your Complete Phu Quoc Travel Guide
0 0 The Hon Thom cable car in Phu Quoc is renowned for its Guinness World Record as the longest sea-crossing cable car. Offering a great view of the Gulf of Thailand, this cable car ride stretches across 7.9 km. […]
Longest Bridge in the World: Where Record-Breaking Engineering Meets Stunning Landscapes
0 0 Ask most people to name the world’s longest bridge, and you’re likely to get a confident answer like the Golden Gate Bridge or the Brooklyn Bridge or some other famous landmark plastered across postcards and movies. But the […]
World’s Largest Waterfall: Experience the Majestic Beauty of Angel Falls Like Never Before
0 0 Angel Falls in Venezuela is the highest waterfall in the world. It is 979 metres high. The falls are in a large forest area called Canaima National Park. Getting there takes time, but the views are amazing. You […]
Visit the Largest Mall in the World: Everything You Need for the Perfect Shopping Trip
0 0 Largest Mall In The World Iran Mall in Tehran, Iran, is the world’s biggest mall by total reported area. The mall is approximately 1.95 million square metres, or 21 million square feet. Note: The discussion of the biggest […]
Top 10 Highest Railway Bridges in the World: Discover the Tallest Train Bridges and Their Incredible Stories
0 0 Â The world’s highest railway bridges are mostly in China and India. India’s Chenab Bridge is the tallest railway arch bridge at 359 metres, which is even higher than the Eiffel Tower. China’s Najiehe Bridge, at 310 metres, still […]