Looking for a good forex company or bank for money transfer to Canada from India for maintenance of a close relative? With BookMyForex just a click away your search for the best option is over!
There are several aspects in which BookMyForex far outweighs other money changers and banks when you need to send money from India to Canada or any other country. We tell you how…
BookMyForex Vs Banks
The exchange rates offered by banks are upto 5% higher than those offered by BookMyForex. Also, banks follow the practice of offering one card rates or daily rates that work out to far more expensive than live and real time rates offered by BookMyForex (the first and only currency exchange in India to do so) for money transfer to Canada from India for maintenance of a close relative. Banks fix a particular rate for exchanging a particular currency on a given day (i.e., daily rates) whereas in reality the value of a currency constantly keeps changing in the international market (like stocks in a stock exchange). Therefore, their margins tend to be higher to hedge against any losses on account of currency fluctuation in the international market. Also, not all branches of banks deal in forex transactions, so finding one in your vicinity may prove to be a challenge.
On the other hand, since BookMyForex is an online platform for forex transactions, you can book your order online anytime and from anywhere as per your convenience.
BookMyForex Vs other currency exchangers
Many forex players are themselves not sure about the documentation required for money remittance and can make you go back and forth unnecessarily, which can be quite a pain! Just like banks, other currency exchangers also operate at ‘daily rates’ which are not comparable to the live rates offered by BookMyForex for money transfer to Canada from India for maintenance of a close relative.
Some local money changers offer very lucrative exchange rates provided you don’t take a bill for your transaction to send money from India to Canada. Doing so means buying currency from the black market, and if caught, both, the dealer and the customer, are punishable by law and can land you behind bars… Would you really want to take that risk? Being an online Company, BookMyForex provides customers the convenience of ordering online and the guaranteed best rates to send money from India to Canada because there are no infrastructure costs involved.
Moreover, its channel partners include reputed names like Axis Bank and ING Vysya Bank, making its distribution network the largest in the country for forex related products. This ensures that our products are within easy reach across the country.
To book your order, login @ BookMyForex.com or call @ 921221919191.
- Best Forex Cards in India – Details, Types & Comparison - December 28, 2020
- Understanding the charges while doing transaction in a foreign country - January 2, 2018
- Sending Money Abroad from India. All Your Questions Answered - December 19, 2017