Hello ,
I am from India and want to pay Australia PR fees in AUD.
I am trying to dig into many available options for the same .
Some of them are:
1. Credit card
2. Debit card
3. Net banking
4. Demand Draft
5. Paypal
6. Forex card
For credit card and Paypal there is Extra surcharge applicable 0.98% and 1% respectively as per border.gov.au/Trav/Visa/Fees/how-to-pay-for-an-application
I wanted to understand the breakup of the final cost that is deducted from our account after successful transaction .
Also whether than final amount in INR will be similar if we use any of the above modes or will it vary? and if it varies which is economic efficient method to use for payment?
As far as my analysis and discussion with HDFC bank person ,I am on the page with following information:
The final amount deducted for credit/debit card and netbanking = (Current AUD rate in INR* Number of AUD you wish to pay) + Foreign Exchange rate for INR to AUD that day + Markup fees
Though i am note sure if this is correct or there are any hidden charges .So need someone to help me out.
Also many says that forex card is beneficial ,but if I buy one and load it someday it will also recover the similar charges apart from markup fee which i am not sure of and then when you use this card , suppose that day foreign exchange rate or dollar goes too low ,you will get it done in less amount from other modes than your forex card since for that you already have paid .So i am not sure about this.
If anybody can help on this ,it will be really helpful.
I am from India and want to pay Australia PR fees in AUD.
I am trying to dig into many available options for the same .
Some of them are:
1. Credit card
2. Debit card
3. Net banking
4. Demand Draft
5. Paypal
6. Forex card
For credit card and Paypal there is Extra surcharge applicable 0.98% and 1% respectively as per border.gov.au/Trav/Visa/Fees/how-to-pay-for-an-application
I wanted to understand the breakup of the final cost that is deducted from our account after successful transaction .
Also whether than final amount in INR will be similar if we use any of the above modes or will it vary? and if it varies which is economic efficient method to use for payment?
As far as my analysis and discussion with HDFC bank person ,I am on the page with following information:
The final amount deducted for credit/debit card and netbanking = (Current AUD rate in INR* Number of AUD you wish to pay) + Foreign Exchange rate for INR to AUD that day + Markup fees
Though i am note sure if this is correct or there are any hidden charges .So need someone to help me out.
Also many says that forex card is beneficial ,but if I buy one and load it someday it will also recover the similar charges apart from markup fee which i am not sure of and then when you use this card , suppose that day foreign exchange rate or dollar goes too low ,you will get it done in less amount from other modes than your forex card since for that you already have paid .So i am not sure about this.
If anybody can help on this ,it will be really helpful.