Are there any transaction charges?

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• What are the forex charges applied?

  Charges vary from bank-to-bank. Fintso does not levy any additional charges for remittances.

• If there are no transaction charges while buying, why does the full amount not get invested?

  Fees and expenses are deducted on a quarterly basis. For every quarter, it is deducted upfront on the first trading day of the calendar quarter.

• What are the charges applied for the remittance?

  Remittance charges vary from bank-to-bank. We do not charge anything for the remittance. Our broker-dealer partner in the US charges a one-time setup fee of $5.00 for the first remittance. This is for tax certification for non-US accounts.

• Is the authorised bank required to check permissibility of remittances based on nature of transaction or allow the same based on remitters declaration?

  The authorised dealer is guided by the nature of transaction as declared by the resident remitter in Form A2 and will thereafter certify that the remittance is in conformity with the instructions issued by the RBI in this regard from time to time. ...

• What are the charges applied for the withdrawal?

  $10 are deducted for each withdrawal, irrespective of the amount being withdrawn. This is paid to the banks in the US as processing fee.