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In simple words, remittance means money sent by NRIs to their homeland. Many young professionals are working overseas which has increased the money flow dramatically. Due to this India has been receiving the highest remittances in the world.

Following factors have contributed to these increased remittances to India.
  • The continued tax exemption on interest income has worked as a bonus.
  • Attractive interest rates and enhanced facilities provided by banks and financial institutions to NRIs for investments.

  • Different ways to remit money
  • Through banks: If you and your beneficiary have accounts in the same bank then this serves as the most convenient method for remitting money.
  • Through Internet: Remittance through Internet is one of the ways of remitting your money in a quicker way but you should verify it very carefully.
  • Through agents: Some organizations act as money transfer agents. Such organizations offer better conversion rates and charge small fee for funds.

  • RBI recommendations on remittance:
  • RBI has encouraged NRIs to use Indian or Foreign banks having branches in India to remit their money by creating awareness programs through the respective banks' websites.
  • RBI has also suggested the banks to minimize the cost of remittances.

  • Things needed to be taken care of while transferring money:
  • It is important to check the limits of maximum amount that is to be transferred.
  • It is a must to enquire about the rates before making your transaction since exchange rates provided by the service providers may vary.
  • There are some online providers who will not refund your money in case of error. So it is advisable to check the creditability of the provider.

  • *Disclaimer- Data provided above is strictly for informational purposes only. We do not make any claims on accuracy of information.


    First of all I would like to thank  you  and the Gera team for organizing different workshops at our doorstep.
    The best thing I have done to my kids is that I  took a right decision to buy a flat in Gera.
    Because of this decision , Vishnu could attend  the development workshops that were conducted.
    Vishnu was a shy child who didn't like to participate in any of the programmes.
    As far as Dale Carnegie workshops is concerned   it  has given him a lot of confidence and was presenting things in a much better way and I can see a lot of improvement in him.In simple words u made a person(..

    My son Tattva had been enrolled in the intermediate level and has been coached by the Vishwanathan Anand Chess Academy coach . Tattva has made remarkable strides and will be on his way to get his FIDE rating in November. A lot of credit goes to the mentor for his unique way of handling his students. He has been very patient while working with Tattva on his areas of improvement. In addition before the tournament the coach had voluntarily added additional classes and doubled his efforts to get a better performance out of Tattva. He has shown complete ownership which is commendable. I hope he continues to develop more and more chess players in the coming days.


    It's a wonderful experience with the tennis academy and my daughter liked it. Also she is getting good training and love for the game.
    The coaches are good and we would continue using their expertise for Nishita going onwards. We are also looking forward for signing (actually instrument) and dancing coaching too.


    This is to share with you that both my little girls (Aditi Anisha) are really enjoying their Tennis classes at the Mahesh Bhupathi Tennis Academy.
    I always find them very excited whenever there is TENNIS CLASS, and this excitement matters to both of us, as the kids seems to be interested.
    It’s nice to see them constructively engaged, and coming home happy and having felt productive in their own child little way. It’s a great way for them to bond with other young ones and feel belonged to a larger community.
    Thanks to You, Gera Developments and MBTA for giving our young ones, an opportunity for a wonderful learning experience.
    Now they are looking forwar..

    Regarding the workshops & different academy sessions, it has been wonderful experience so far for Shlok and we’re looking forward for the new opportunities.
    It’s absolutely fantastic to have all these academies in the premises, and that too from the renowned personalities, so we can send kids without worrying about other factors like safety & all.
    And most importantly, a big thanks to you for the lovely follow-ups & timely updates about the upcoming/ongoing sessions.