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    HSBC India's global education payment service, launched in 2024, allows Indian students to pay fees to over how many international universities and co
    Question

    HSBC India's global education payment service, launched in 2024, allows Indian students to pay fees to over how many international universities and colleges?

    A.

    400

    B.

    300

    C.

    600

    D.

    500

    Correct option is C

    The correct answer is: (c) 600

    Explanation:
    In September 2024, HSBC India launched its Global Education Payments service, enabling Indian students and customers to pay fees directly to over 600 international universities and colleges.

    Students can select their country and university, access pre-verified account details, add student information, upload loan documents, and make secure payment requests.

    Information Booster:

    • Supports payments from education loans, benefiting from a reduced TCS rate of 0.5%.​

    • Available through the HSBC India mobile banking app.

    • Covers institutions in the US, UK, Canada, Hong Kong, and Australia.

    • Supports payments for tuition fees, accommodation, healthcare, and insurance.

    • Offers reduced remittance costs and a completely digital experience.

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