The difference between a bank wire and an optimised forex strategy can save you ₹2-5 Lakhs on your CPL abroad training. We show you how.
How you transfer money for your Hungary EASA CPL program can cost you lakhs more — or save you lakhs. See the real numbers.
* Rates are illustrative based on typical market conditions. Actual rates vary daily.
Enter your training fee amount to see how much you could save with the right forex approach.
Indicative rates. Actual rates vary by provider & date.
Four ways to transfer money abroad — each with different costs, speed, and convenience. Cost estimates for €10,000 equivalent.
Key regulations that affect every rupee you send abroad for education. Stay compliant, save money.
| Scenario | TCS Rate |
|---|---|
| Education funded by loan (up to ₹7L) | 0.5% |
| Education (self-funded, up to ₹7L) | Nil |
| Education (self-funded, above ₹7L) | 5% |
| Above ₹7L without PAN/Aadhaar | 20% |
Transfer requirements vary by destination. Here is a quick reference for the currencies, typical amounts, and recommended transfer methods for our partner countries and other popular training destinations.
* Fee ranges and INR equivalents are approximate and vary by specific school, program, and exchange rate at time of payment. Always confirm exact fees with the institution.
A structured 5-step approach to minimise your forex costs on aviation training abroad.
Under RBI's Liberalised Remittance Scheme (LRS), Indian residents can remit up to USD 2,50,000 per financial year for permitted purposes including overseas education. This is approximately ₹2.1 Crore — more than sufficient for most aviation training programs.
If your education is funded by a loan from a financial institution, TCS is just 0.5% of the remittance amount. For self-funded education, amounts up to ₹7 lakh per year attract nil TCS, while amounts above ₹7 lakh attract 5% TCS. Remember — TCS is adjustable against your income tax, not an additional cost.
For most students, yes. Forex cards offer better exchange rates (1-2% markup vs 3-4% for bank wires), rate lock-in capability, easy remote reloading, and app-based expense tracking. For large tuition payments directly to the school, a combination approach often works best.
No. Way For Sky provides forex guidance and strategy only. All actual forex transactions must be conducted through RBI-authorized dealers (banks, licensed forex companies). We help you compare and choose the best provider, but do not handle funds directly.
The savings come from three factors: (1) choosing a provider with lower markup over interbank rates, (2) timing your transfers strategically across payment milestones rather than converting all at once, and (3) selecting the right transfer method for each payment type. Our guidance covers all three.
You'll need your passport, admission/offer letter from the flight school, fee invoice, PAN card, and Form A2 (provided by your bank). If using an education loan, the loan sanction letter is also required. Having these ready before visiting the bank saves time and avoids delays.
Visit our booth at Aero Elite Aviation Expo 2026, Bangalore — or register now for priority access to our forex savings guidance.
