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What is the best way for the parents to send money to their child for their living expenses?

April 26, 2017best child expenses Living money Parents send

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What is the best way for the parents to send money to their child for their living expenses?

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Students can withdraw money through ATM machines in Russia if they have a savings account in India which has a Global ATM card that is on the VISA ELECTRON, CIRRUS, MAESTRO or PLUS network. Cash passport cards issued by foreign exchange dealers like Thomas cook could also well serve the purpose of sending money to Russia. Money deposited in the saving account/cash passport account in India will be available for withdrawal in Russia the next working day. Depending on the ATM machine, US dollars or Russian rubles can be withdrawn. There will be a transaction fee associated with each withdrawal; you are advised to check this with your bank. Spending pattern of the students could be very well monitored online incase of cash passport cards which will curb lavish spending.