What is TT and TC in Forex Exchange? Your Essential Guide to International Money Transfers

If you’re planning to send money abroad, pay university tuition, or handle international transactions from Raebareli, Lucknow, or Kanpur, you’ve likely encountered the terms TT and TC. But what is TT and TC in forex exchange, and which one should you choose? These abbreviations represent two different methods of international money transfer, each with distinct features, costs, and use cases.

At myForexer in Raebareli, we help students, NRIs, businesses, and travelers understand these forex instruments and choose the right option for their needs. This comprehensive guide demystifies TT (Telegraphic Transfer) and TC (Traveler’s Cheque), explaining when to use each, their costs, processing times, and alternatives like modern forex cards that might suit your requirements better.

[📞 Expert Forex Guidance: Call +91 9839522555 for Personalized Advice]

Understanding TT and TC: The Basics

Before diving into what is TT and TC in forex exchange, it’s important to understand these are both methods of transferring or carrying money internationally, but they serve different purposes and work in fundamentally different ways.

Brief History

Telegraphic Transfer (TT): Originally sent via telegraph (hence the name), TT has evolved into electronic bank-to-bank transfers. Despite technological advances, the term “TT” remains standard in banking terminology.

Traveler’s Cheque (TC): Introduced in 1891 by American Express, traveler’s cheques were revolutionary—a safe way to carry money abroad without cash risks. Though declining in usage today, they’re still relevant in specific situations.

Why Understanding Matters

Choosing between TT and TC (or modern alternatives) affects:

• Cost: Fees vary significantly between methods
• Speed: Processing times range from minutes to days
• Convenience: Some methods require physical presence, others are fully online
• Safety: Different security features and protections
• Purpose: Some are better for specific uses (tuition fees vs travel expenses)

Wrong choice can cost you thousands in extra fees and unnecessary delays.

[📧 Questions? Email: myforexer.rbf@gmail.com]

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What is TT (Telegraphic Transfer) in Forex Exchange?

Understanding what is TT in forex exchange is essential for anyone sending money abroad for education, family support, business, or property purchases.

Definition and Mechanism

Telegraphic Transfer (TT) is an electronic method of transferring money from one bank account to another across international borders. Also known as wire transfer, bank transfer, or SWIFT transfer.

How TT Works:

1. You provide recipient’s bank details (account number, SWIFT code, IBAN)
2. Your bank converts your rupees to foreign currency
3. Money is electronically transferred through SWIFT network
4. Recipient’s bank credits their account
5. Process typically completes in 1-5 business days

Types of TT

Outward Remittance TT: Sending money from India to foreign countries. Most common use case for students paying tuition or families supporting relatives abroad.

Inward Remittance TT: Receiving money from abroad into India. Common for NRIs sending money to family or returning students converting foreign earnings.

Key Features of TT

Speed:

• Domestic TT: Same day to 24 hours
• International TT: 1-5 business days (usually 2-3 days)
• Urgent TT available at extra cost (24-48 hours)

Safety:

• Bank-to-bank transfer, highly secure
• Full audit trail maintained
• Regulated by RBI and international banking standards
• Recovery possible if wrong account details provided

Amount Limits:

• No maximum limit (subject to RBI regulations)
• Minimum: Usually ₹10,000-50,000 depending on bank
• Large amounts (>$250,000) need RBI approval under LRS

Documentation:

• Passport and visa (for education/medical purposes)
• Purpose documentation (admission letter, medical reports, property documents)
• PAN card mandatory
• Form A2 for amounts above certain limits
• Source of funds declaration for large amounts

Common Uses of TT

Education:

• University tuition fees
• Hostel/accommodation deposits
• Living expenses for students
• Exam fees and course materials

Personal:

• Family maintenance
• Medical treatment abroad
• Property purchase
• Gift to relatives

Business:

• Trade payments
• Import/export settlements
• Business investments
• Professional service fees

Costs of TT

Bank Charges (Typical):

• Remitting bank charges: ₹500-1,000 per transaction
• Intermediary bank charges: $15-30 (deducted from transfer amount)
• Beneficiary bank charges: $10-25 (varies by country)
• Exchange rate margin: 2-3% worse than market rate

Example Calculation: Sending USD 10,000 for university fees:

• Exchange rate market: ₹83.50 = ₹8,35,000
• Bank exchange rate: ₹81.50 = ₹8,15,000 (cost: ₹20,000)
• Remittance charge: ₹1,000
• Intermediary charges: $20 (₹1,670)
• Total cost: ₹22,670 (2.7% of transfer)

[🏢 Better TT Rates Available – Visit Ali Miya Chowk, Raebareli]

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What is TC (Traveler’s Cheque) in Forex Exchange?

Now let’s explore what is TC in forex exchange and why this traditional instrument is still used despite declining popularity.

Definition and Mechanism

Traveler’s Cheque (TC) is a pre-printed fixed-denomination instrument that can be used as an alternative to cash while traveling abroad. It’s a prepaid cheque in foreign currency that you sign twice—once when purchasing and again when encashing.

How TC Works:

1. Purchase TC in desired foreign currency (USD, EUR, GBP, etc.)
2. Sign cheques immediately upon purchase (primary signature)
3. Carry cheques safely while traveling
4. Present TC at bank, hotel, or exchange counter abroad
5. Sign again in their presence (countersignature)
6. Receive local cash or pay for services

Key Features of TC

Denominations Available:

• USD: $20, $50, $100, $500, $1,000
• EUR: €50, €100, €200
• GBP: £20, £50, £100
• Other currencies in standard denominations

Safety Features:

• Serial numbers recorded
• Dual signature requirement
• Replaceable if lost/stolen (with proper documentation)
• Separate from cash, so theft doesn’t mean total loss
• Refund possible with purchase receipt

Validity:

• No expiry date (theoretically valid forever)
• Can be returned unused for refund
• Can use over multiple trips
• Partial use possible (remaining value kept safe)

Acceptance:

• Major banks globally
• Some hotels (declining)
• Currency exchange offices
• American Express offices
• Warning: Many places no longer accept TC

Advantages of TC

Security: Safer than cash—if lost or stolen, can be replaced with proper documentation and purchase receipt.

No Expiry: Buy today, use next year. Flexibility for uncertain travel plans.

Partial Usage: Use $100 now, keep $400 for later. Not all-or-nothing like forex cards.

Backup Option: Carry as emergency backup to cash and cards.

Disadvantages of TC

Declining Acceptance: Major limitation—many merchants, hotels, and even some banks no longer accept TC due to fraud concerns and processing complexity.

Encashment Hassles:

• Need to find bank or office that accepts TC
• Often requires passport verification
• Time-consuming process (30-60 minutes)
• Queue at banks

Poor Exchange Rates: Banks buying TC often offer worse rates than cash or card transactions.

Commission Charges:

• Purchase commission: 0.5-1% when buying TC
• Encashment commission: 1-3% when converting to cash abroad
• Double commission hits your money

Inconvenient: Need to visit physical location, present identification, sign, wait for cash. Not as convenient as using card at ATM.

Common Uses of TC (Now Limited)

Elderly Travelers: Those uncomfortable with technology still prefer TC over forex cards and online banking.

Backup Emergency Funds: Some travelers carry $500-1,000 in TC as last-resort backup if cards are lost/stolen.

Long-term Travelers: Those on extended trips (6+ months) may carry TC for portions of their budget.

Visa Requirements: Few countries still require proof of funds in TC for visa applications (though this is rare now).

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TT vs TC: Key Differences Explained

A clear comparison helps answer what is TT and TC in forex exchange and which suits your needs.

Purpose

TT:

• Sending money to someone else’s account
• Paying bills, fees, or purchases abroad
• Business transactions
• Large amount transfers

TC:

• Carrying personal travel money
• Emergency backup funds
• Alternative to cash for travel
• Small to medium amounts for personal use

Speed

TT:

• Processing: 1-5 business days
• Urgent TT: 24-48 hours (extra charges)
• Immediate credit to recipient account
• Track status online

TC:

• Instant availability (buy and carry immediately)
• But encashment takes 30-60 minutes at banks
• No tracking needed (physical possession)

Cost

TT:

• Fixed bank charges: ₹500-1,000
• Intermediary fees: $15-30
• Exchange rate margin: 2-3%
• Total cost: 2.5-4% typically

TC:

• Purchase commission: 0.5-1%
• Encashment commission: 1-3%
• Exchange rate margin: 2-3%
• Total cost: 3.5-7% typically

Winner for Cost: TT (especially for large amounts)

Convenience

TT:

• Can initiate from home (online banking)
• Recipient gets money in account (no action needed)
• No need to carry physical instruments
• Digital record of transaction

TC:

• Need to visit bank/forex dealer to purchase
• Must carry physical cheques
• Need to find place accepting TC
• Time-consuming encashment process

Winner for Convenience: TT (in modern context)

Safety

TT:

• Bank-level security
• Cannot be stolen (electronic transfer)
• Reversible if wrong details (in some cases)
• Full audit trail

TC:

• Can be lost/stolen (physical instrument)
• Replaceable with documentation
• Dual signature security feature
• Separate from cash (diversification)

Winner for Safety: TT (though TC has replacement option)

Amount Limits

TT:

• No maximum (subject to RBI LRS: $250,000/year)
• Suitable for large transactions ($50,000+)
• Minimum varies: ₹10,000-50,000

TC:

• Practical limit: $5,000-10,000 (carrying more is cumbersome)
• Available in fixed denominations
• Minimum: One cheque (usually $20-50 minimum)

Winner for Large Amounts: TT

Use Case Summary

Aspect	TT (Telegraphic Transfer)	TC (Traveler’s Cheque)
Best For	Tuition fees, property, large transfers	Travel money, backup funds
Speed	1-5 days	Instant carry, slow encash
Cost	2.5-4%	3.5-7%
Convenience	High (online)	Low (physical)
Amount	Large amounts	Small to medium
Safety	Very high	High (replaceable)
Modern Usage	Very common	Declining

[📞 Confused? Call +91 9839522555 for Personalized Guidance]

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When to Use TT for International Transfers

Understanding what is TT and TC in forex exchange helps, but knowing when to use TT specifically ensures you make the right choice.

Ideal Situations for TT

University Tuition Payments: Most universities prefer/require direct bank transfers. TT is the standard method for paying tuition fees from India.

Large Amount Transfers: For amounts above $5,000-10,000, TT is more practical and cost-effective than carrying cash or TC.

Property Purchase Abroad: Real estate transactions abroad always require TT. No seller accepts TC or cash for property.

Loan Repayments: Paying back education loans or personal loans in foreign currency requires TT to creditor’s account.

Business Payments: Import payments, professional service fees, business investments—all typically done via TT.

Medical Treatment: Hospital deposits and treatment costs abroad usually require advance TT or credit card guarantee.

Regular Remittances: NRIs sending monthly support to family in India benefit from TT’s bank-to-bank security and convenience.

Documents Needed for TT at myForexer

Basic Documents:

• Valid passport (copy acceptable)
• PAN card (mandatory)
• Complete beneficiary details
• Purpose documentation

Specific to Purpose:

• Education: Admission letter, fee invoice
• Medical: Hospital estimates, medical reports
• Property: Sale agreement, lawyer documents
• Gift: Relationship proof

For Amounts >$250,000/year: Additional RBI approval required under Liberalized Remittance Scheme.

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When to Use TC for Travel Money

Despite declining usage, understanding what is TC in forex exchange reveals situations where TC might still be relevant.

Limited Situations Where TC Makes Sense

Backup Emergency Funds: Carry $500-1,000 in TC as absolute last resort if all cards fail or are lost/stolen during travel.

Technology-Averse Travelers: Elderly travelers uncomfortable with ATMs, cards, and online banking may prefer familiar TC.

Very Long-Term Travel: Backpackers on year-long trips might carry some TC for budget portions they want to protect from theft.

Countries with Limited Card Infrastructure: Few remote destinations still have limited ATM/card networks but accept TC at banks.

Why TC Usage Has Declined

Better Alternatives Available:

• Forex cards offer all TC benefits plus more convenience
• International debit/credit cards widely accepted
• Mobile wallets and payment apps growing

Acceptance Issues: Many businesses refuse TC due to fraud risks and processing complexity.

Better Exchange Rates: Forex cards and ATM withdrawals often offer better rates than TC encashment.

myForexer’s Recommendation

For Most Travelers: We recommend forex cards over TC for international travel. Better rates, wider acceptance, easier to use.

If You Must Use TC: We can arrange TC, but we’ll also suggest modern alternatives that might serve you better.

[📧 Travel Money Consultation: myforexer.rbf@gmail.com]

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Cost Comparison: TT vs TC

Real numbers help understand what is TT and TC in forex exchange from a financial perspective.

Example 1: Student Paying USD 10,000 Tuition

Option A: TT (Telegraphic Transfer)

• Exchange rate: ₹81.50 (bank rate)
• Base amount: ₹8,15,000
• Remittance charges: ₹1,000
• Intermediary fees: $20 (₹1,670)
• Beneficiary charges: Borne by university typically
• Total cost: ₹8,17,670

Option B: TC (Traveler’s Cheque) – Not applicable Universities don’t accept TC. This comparison shows why TT is necessary for tuition.

Winner: TT (only option available)

Example 2: Traveler Carrying USD 3,000 for 2-Week Trip

Option A: TC (Traveler’s Cheque)

• Exchange rate: ₹82.00
• Base amount: ₹2,46,000
• Purchase commission (1%): ₹2,460
• Encashment abroad (2% average): ₹4,920
• Total cost: ₹2,53,380 (effective rate: ₹84.46 per USD)

Option B: Forex Card (Modern Alternative)

• Exchange rate: ₹83.20
• Base amount: ₹2,49,600
• Card issuance: ₹0 (free at myForexer)
• ATM withdrawal fees (3 withdrawals): ₹600
• Total cost: ₹2,50,200 (effective rate: ₹83.40 per USD)

Option C: International Debit Card

• Exchange rate: ₹83.50 (market rate)
• Base amount: ₹2,50,500
• Foreign transaction fee (3%): ₹7,515
• ATM withdrawal fees: ₹1,500
• Total cost: ₹2,59,515 (effective rate: ₹86.51 per USD)

Winner: Forex Card (saves ₹3,180 vs TC, ₹9,315 vs debit card)

Key Insights

For Large Direct Payments: TT is usually cheapest per rupee transferred (though fixed costs exist)

For Travel Money: Forex cards beat TC in most cases (better rates, lower fees, higher convenience)

Worst Option: International debit/credit cards for large foreign currency spending (3-5% foreign transaction fees add up)

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Modern Alternatives: Forex Cards and Online Transfers

While learning what is TT and TC in forex exchange is important, knowing modern alternatives ensures you make the best choice.

Forex Travel Cards

What They Are: Prepaid cards loaded with foreign currency, usable at ATMs and merchants worldwide like regular debit cards.

Advantages Over TC:

• Accepted everywhere cards are accepted (millions of locations)
• PIN-protected security
• Instant ATM withdrawals (no bank visit needed)
• Better exchange rates than TC
• Reload online if needed
• Multiple currencies on single card
• Lost/stolen card can be blocked instantly and replaced

Advantages Over TT:

• Don’t need recipient account details
• Carry your own money safely
• Use as needed (not all-or-nothing like TT)
• Works for daily expenses (TT for large one-time payments)

Best Use Cases:

• Travel expenses (hotels, shopping, dining)
• Student living expenses abroad
• Emergency backup to cash
• Business travel spending

myForexer Forex Cards:

• Zero issuance fee
• Competitive loading rates
• 24/7 customer support
• Multi-currency options
• Free reload facility

Online Money Transfer Services

Platforms: Wise, Remit2India, PayPal, Instarem

Advantages:

• Better rates than traditional TT (lower margins)
• Lower fees than banks
• Track online in real-time
• Convenient from home
• Fast processing (1-2 days often)

Limitations:

• Need bank accounts in both countries
• Not for cash transactions
• Initial setup required
• May not work for all purposes (e.g., some universities prefer traditional TT)

Which Should You Choose?

For Tuition Fees: TT (direct bank transfer)

For Travel Money: Forex Card > TC > Cash

For Regular Remittances: Online transfer services > TT

For Backup Funds: Forex card + small cash > TC

For Large One-Time Payments: TT

[🏢 Compare All Options – Visit myForexer, Raebareli]

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For Students: Paying University Fees Abroad

Students from Raebareli, Lucknow, Kanpur asking what is TT and TC in forex exchange usually need to pay university fees.

University Fee Payment: TT is Standard

Why Universities Require TT:

• Direct credit to university account
• Secure and traceable
• Automated reconciliation
• Meets audit requirements
• Students can’t use cash or TC for tuition

Process at myForexer for Student TT

Step 1: Gather Documents

• University admission letter
• Fee invoice showing amount and account details
• Student’s passport with visa
• PAN card (student’s or parent’s)
• Fee payment deadline

Step 2: Calculate Amount

• Tuition amount as per invoice
• Add bank charges (we’ll advise exact amount)
• Exchange to INR at current rate
• Budget extra ₹2,000-5,000 for intermediary charges

Step 3: Visit myForexer

• Bring all documents
• We verify and process
• Payment via demand draft/NEFT/RTGS
• Receive remittance receipt and tracking details

Step 4: Share with University

• Email TT receipt to university finance office
• Provide SWIFT reference number
• University confirms receipt in 3-5 days

Processing Time: 2-5 business days typically

Living Expenses: Forex Card Better

While TT is for tuition, living expenses handled better via:

• Forex card loaded with monthly budget
• Parents reload card from India monthly
• Student uses for rent, groceries, transport
• Safer than carrying large cash

Education Loan Considerations

If Using Loan:

• Bank may remit tuition directly to university
• Or disburse to student’s account for TT
• Keep all documentation for loan file
• TT receipt needed for loan accounting

myForexer Education Services:

• Special guidance for first-time student remitters
• Help with documentation
• Coordinate with parents who may not understand forex
• Competitive rates for education purposes

[📞 Student Forex Help: +91 9839522555]

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For NRIs: Sending Money to India

NRIs from Raebareli, Lucknow, Kanpur living abroad and wondering what is TT and TC in forex exchange for sending money home.

Inward Remittance TT

How It Works:

• NRI initiates TT from foreign bank
• Money transferred to Indian account (NRE/NRO/savings)
• Bank converts USD/EUR/GBP to INR
• Family receives INR in account

Costs from Abroad:

• Foreign bank charges: $25-50
• SWIFT charges: $10-20
• Exchange rate margin: 1-2%
• Indian bank may charge receiving fee

Total Cost: 2-4% typically

Better Alternatives for NRIs

Online Transfer Services:

• Wise, Remit2India, Western Union, Xoom
• Much lower fees than bank TT
• Better exchange rates
• Faster (1-2 days)
• Easy to use from mobile app

Example Comparison – Sending $1,000:

• Bank TT: $45 fee + poor rate = Family gets ₹81,000
• Wise: $8 fee + good rate = Family gets ₹83,000
• Savings: ₹2,000 per transfer

myForexer for NRI Families

We Help Your Family in India:

• Receive TT sent by you
• Convert foreign currency if needed
• Withdraw foreign currency from NRE accounts
• Provide forex cards for family traveling to visit you

Many NRIs from Raebareli area use our services when visiting India or when family members visit them abroad.

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For Travelers: Best Money Options

Travelers asking what is TT and TC in forex exchange need to know all options.

Comparing All Travel Money Methods

Cash:

• ✅ Universally accepted
• ✅ No technology needed
• ❌ Risk of theft/loss
• ❌ No recovery if lost
• ❌ Carrying limits apply

TC (Traveler’s Cheque):

• ✅ Replaceable if lost
• ✅ No expiry
• ❌ Declining acceptance
• ❌ Time-consuming encashment
• ❌ Higher costs

Forex Card:

• ✅ Widely accepted
• ✅ Safe with PIN
• ✅ Instant ATM access
• ✅ Reload if needed
• ✅ Good exchange rates
• ❌ Small card issuance fee (free at myForexer)

Credit/Debit Card:

• ✅ Very convenient
• ✅ Works everywhere
• ❌ High foreign transaction fees
• ❌ Poor exchange rates
• ❌ Interest on credit cards

myForexer’s Recommended Mix

For 2-Week International Trip:

• Forex Card (60%): Main spending
• Credit Card (25%): Hotels, car rental, emergencies
• Cash (15%): Tips, small vendors, first day

For Extended Travel (1+ months):

• Forex Card (50%): Regular expenses
• Credit Card (20%): Flexibility
• Cash (10%): Daily needs
• Keep remainder in account, transfer as needed (20%)

Not Recommended:

• 100% cash (too risky)
• 100% TC (too inconvenient)
• Only international debit card (too expensive)

[📧 Travel Money Planning: myforexer.rbf@gmail.com]

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How to Process TT and TC at myForexer

Now that you understand what is TT and TC in forex exchange, here’s how to get these services from myForexer in Raebareli.

Processing TT (Telegraphic Transfer)

Step 1: Contact Us

• Call +91 9839522555
• Email myforexer.rbf@gmail.com
• Visit: Ali Miya Chowk, Kaharo Ka Adda, Raebareli

Step 2: Provide Details

• Purpose of remittance
• Amount to send
• Beneficiary bank details (from university/recipient)
• Your documents

Step 3: Documentation We verify:

• Your identity (passport, PAN)
• Purpose proof (admission letter, etc.)
• Beneficiary details accuracy
• Compliance with RBI regulations

Step 4: Rate Quotation

• We provide current exchange rate
• Explain all charges clearly
• Calculate total INR needed
• No hidden costs

Step 5: Payment

• Demand draft
• NEFT/RTGS transfer
• Cash (for certain amounts)

Step 6: Processing

• We initiate TT through banking channels
• Provide SWIFT reference number
• Share tracking details
• Email confirmation

Step 7: Confirmation

• Beneficiary receives money in 2-5 days
• You receive confirmation
• We follow up to ensure successful credit

Processing Time at myForexer: Same day initiation if documents ready before 2 PM on working days

Processing TC (Traveler’s Cheque)

Step 1: Determine Need We discuss if TC is truly best option for you or if forex card might serve better.

Step 2: Currency and Amount

• Choose currency (USD, EUR, GBP, etc.)
• Decide denominations
• Consider your travel duration and spending pattern

Step 3: Documentation

• Passport with visa
• Travel tickets
• PAN card
• Purpose of travel

Step 4: Purchase

• Payment in INR
• We provide TC in desired denominations
• Sign each cheque immediately in our presence
• We record serial numbers

Step 5: Guidance

• How to use TC abroad
• Where to encash
• What to do if lost
• Emergency contacts

Available Time: TC can be issued same day if in stock, or 2-3 days if special currency needed

myForexer Advantages

Better Rates: Our TT rates better than most banks. Lower margins mean more value for your money.

Faster Service: While banks take days, we process TT requests same day (if documents ready).

Personal Guidance: We explain options clearly, helping you choose between TT, TC, forex cards based on your specific needs.

Flexible Documentation: We work within RBI guidelines but understand individual situations.

Serving Wider Region: Though based in Raebareli, we serve customers from Lucknow, Kanpur, Amethi, Jais, and surrounding areas.

[🏢 Process Your TT/TC Today – Visit Raebareli Office]

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Common Mistakes to Avoid

Understanding what is TT and TC in forex exchange helps, but avoiding these mistakes ensures smooth transactions.

Mistake 1: Wrong Beneficiary Details in TT

Problem: One digit wrong in account number or SWIFT code means money goes to wrong account or bounces back after days.

Solution:

• Double-check all beneficiary details
• Verify with recipient before initiating
• Copy details directly from university/beneficiary documentation
• Don’t rely on verbal communication

Mistake 2: Insufficient Amount for TT

Problem: Sending exact tuition amount without considering intermediary bank charges means university receives less than required.

Solution:

• Add $50-100 to tuition amount to cover intermediary charges
• Or ask university if fee includes bank charges
• We at myForexer guide on exact amount needed

Mistake 3: Last-Minute TT

Problem: Starting TT process 2 days before fee deadline. TT takes 2-5 days, so you miss deadline.

Solution:

• Start process 10-15 days before deadline
• Consider urgent TT (more expensive but faster) if really late
• Plan ahead for known expenses

Mistake 4: Buying Too Many TC

Problem: Buying $5,000 in TC for travel, then struggling to encash because many places don’t accept, ending up with unused TC.

Solution:

• Buy TC only as backup ($500-1,000 maximum)
• Use forex card as primary travel money
• Consider modern alternatives before TC

Mistake 5: Not Keeping TT Receipts

Problem: Losing TT receipt needed for tax filing, education loan documentation, or university confirmation.

Solution:

• Keep physical receipts safely
• Scan and email to yourself
• Store in Google Drive/cloud storage
• Multiple backup copies

Mistake 6: Using Wrong Purpose Code in TT

Problem: Declaring wrong purpose (saying “gift” instead of “education”) can cause regulatory issues and tax problems.

Solution:

• Be accurate with purpose
• Consult with us if unsure
• Keep documentation matching declared purpose

Mistake 7: Carrying Only TC for Travel

Problem: Arriving abroad with only TC, finding no one accepts them, scrambling to find banks, losing days of vacation.

Solution:

• Carry diverse payment methods
• Forex card as primary
• Credit card as backup
• Small cash for immediate needs
• TC if at all, only as emergency option

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Get Started with myForexer Today

Now that you fully understand what is TT and TC in forex exchange, here’s how to proceed with myForexer for your international money needs.

Quick Contact

📞 Call Us: +91 9839522555

• Instant quotes
• Expert guidance
• Clear explanations
• No obligation consultation

📧 Email: myforexer.rbf@gmail.com

• Send your requirements
• We respond within 24 hours
• Detailed explanations provided

🏢 Visit Office: myForexer Ali Miya Chowk, Kaharo Ka Adda Raebareli 229001, Uttar Pradesh

⏰ Office Hours: Monday – Saturday: 10:00 AM – 7:00 PM Sunday: Closed

Our Services

Telegraphic Transfer (TT):

• Outward remittance for education, medical, family
• Competitive exchange rates
• Fast processing
• Complete documentation support

Traveler’s Cheque (TC):

• Multiple currencies available
• Safe alternative to cash
• Guidance on usage

Forex Travel Cards:

• Zero issuance fee
• Multi-currency options
• Better than TC for most travelers
• Reload facility available

Currency Exchange:

• Buy foreign currency
• Sell foreign currency
• Better rates than banks

International Money Transfer:

• Send money abroad
• Receive money from abroad
• Multiple methods available

Areas We Serve

Primary Cities:

• Raebareli (office location)
• Lucknow (80 km)
• Kanpur (85 km)

Secondary Areas:

• Amethi
• Jais
• Salon
• Lalganj
• Unchahar
• Dalmau
• Surrounding UP regions

Home Delivery: Available for large TT transactions or forex card delivery in Lucknow and Kanpur.

Why Choose myForexer?

✅ Better Rates: Beat bank rates consistently ✅ Fast Service: Same-day TT processing ✅ Expert Guidance: Clear explanations of TT, TC, and alternatives ✅ Transparent: No hidden charges ✅ Regulated: RBI-authorized dealer ✅ Local Understanding: We understand needs of regional customers ✅ Student-Friendly: Special focus on education remittances ✅ Flexible: Solutions tailored to individual situations

[📞 Start Your Forex Journey – Call +91 9839522555 Now!]

Frequently Asked Questions

Conclusion: Making the Right Choice

Understanding what is TT and TC in forex exchange empowers you to make informed decisions for your international money needs.

Quick Decision Guide:

Choose TT When:

• Paying university fees
• Buying property abroad
• Large direct payments to others
• Business transactions
• Regular remittances

Choose TC When:

• Need backup travel money (small amount)
• Prefer traditional methods
• Technology-averse

Choose Forex Card When:

• Travel expenses
• Student living costs
• Need flexibility
• Want convenience

Choose Online Transfer When:

• Regular small remittances
• Have bank accounts in both countries
• Want lowest cost
• Not urgent

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