KwikPaisa NEO Bank’s outward remittance service can be a better alternative to the Liberalized Remittance Scheme (LRS) for several reasons:
- Lower Fees: KwikPaisa NEO Bank’s outward remittance service offers lower fees compared to traditional banks. This means that you can save money on fees when sending money abroad.
- Competitive Exchange Rates: KwikPaisa NEO Bank offers competitive exchange rates, which means that you can get a better rate when converting your Indian rupees to foreign currency. This can save you money on currency conversion fees and help you get more value for your money.
- Faster Processing Time: KwikPaisa NEO Bank’s outward remittance service offers faster processing times compared to traditional banks. This means that your money can reach its destination faster, which can be particularly important for urgent or time-sensitive transactions.
- Convenient and User-Friendly: KwikPaisa NEO Bank’s outward remittance service is user-friendly and convenient. You can initiate and track your transactions online through the KwikPaisa mobile app or website, which means that you don’t have to visit a bank branch or fill out paperwork.
Overall, KwikPaisa NEO Bank’s outward remittance service offers a convenient, cost-effective, and efficient way to send money abroad compared to traditional banks and the LRS.
