26-December-2025
Banking
 
Hidden charges on foreign exchange transactions will soon be known in advance; RBI issues draft proposal
24-Dec-2025

A large number of people struggle with cross-border payments due to complex processes and high service costs. This happens largely due to hidden charges and a lack of transparency in the process. Whether it's for education fees, living expenses, travel payments, or overseas investment, the actual cost usually becomes apparent only after the transaction is done. Being informed beforehand about the various costs involved can really help people compare charges and make the right choice that suits their requirements.

News Source:- https://economictimes.indiatimes.com/wealth/save/hidden-charges-on-foreign-exchange-transactions-will-soon-be-known-in-advance-rbi-issues-draft-proposal/articleshow/126153257.cms