Smarter, Faster & Most Trusted Way to Transfer Money from India

No Hidden Fees. No Add On Charges. Lowest Rates, Guaranteed!

Send Money Abroad from India at the lowest possible rates.

Best Rate Guarantee - Find us a BETTER RATE & we'll beat it.

Fastest Transfers - Book your order online and have your transfer processed in the next 12 - 48 business hours.

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Transfer To

A Relative Abroad

A Foreign Institution

Foreign Universities

Medical Institution/ Hospital

Trusted By

  • Step One Book your order online
  • Step Two Transfer your funds directly to one of our partnering banks
  • Step Three Customer carries all required documents in original & visits the bank branch/pickup arranged
  • Step Four Our partnering bank processes your transfer and provides a SWIFT acknowledgement shortly afterwards

India's Largest Online Foreign Exchange Marketplace

Over ₹ 1,600 crore in Forex Transactions Processed

2,75,000 + Happy Customers

International Remittances Processed By

The BookMyForex Advantage

Book At Live Market Rates

Live and transparent transfer rates displayed 24x7. Options to lock-in your rate for as much as 3 days. Rate alerts to notify you when your desired rates are available.

Fastest Transfer Processing Times

All transfers are processed within 24 working hours after receipt of the funds & documents. Funds received by the beneficiary abroad within 24 hours at no extra cost.

Doorstep Document Pick Up

Book your order online and schedule a document pick up. We will pick up the documents from your home/ office at absolutely zero cost. Alternatively you can visit a bank branch to submit your documents.

Zero Transfer Charges

BookMyForex waives off all sending charges associated with processing wire transfers. While banks typically charge between Rs. 500 - Rs. 2,500, with BookMyForex you pay absolutely ZERO.

Money Transfer From India - The Details

Transferring money abroad through BookMyForex takes just a few minutes. The process is simple and easy to use. With BookMyForex, you can transfer money abroad from India for educational expenses like tuition fee, maintenance of your loved ones abroad, medical treatment of family members, foreign investments or as a gift or donation.

BookMyForex provides you with two convenient ways to transfer money abroad from India:
  • Foreign currency Demand Drafts: A secure and hassle-free way of transferring money abroad. Foreign currency demand drafts are physical paper drafts that can be carried physically internationally or couriered/mailed to a beneficiary abroad. Demand drafts are perfect for things such as applications to colleges, tenders, school fees among other things
  • Wire transfers: Wire transfers are direct bank to bank transfers where money from an Indian bank account is directly transferred to your beneficiary's bank account abroad. Wire transfers from India are the best and most convenient way to transfer money abroad.
Exclusive Tie-ups With Leading Banks

BookMyForex through its exclusive tie ups can offer you the absolute best rates on both wire transfers and foreign currency demand drafts. Both products are offered through our banking partners. Upon completing your booking online, simply walk into the nearest participating bank branch to process your order. And in case you were wondering, you don't need to have an account with any of our partnering banks in order to use our money transfer services.

With BookMyForex you can even freeze the rate at which you want to send your money transfers. Not sure if our services are right for you? Book a no-obligation order for absolutely no cost. You wouldn't have to pay a paisa until you decide to actually complete your order.

Money Transfer FAQs

An Outward Remittance is a transfer of money in foreign exchange, by a resident in India or an NRI to a beneficiary account outside of India (except for Nepal and Bhutan) for a purpose as approved under FEMA (Foreign Exchange Management Act). You may send money abroad to a beneficiary for various purposes including education, employment abroad, emigration, maintenance of close relatives, foreign travel, gifts, medical treatment, donations, etc

"Person resident in India" is defined in Section 2(v) of FEMA, 1999 as: A person residing in India for more than one hundred and eighty-two days during the course of the preceding financial year but does not include:

1. A person who has gone out of India or who stays outside India, in either case -
*For taking up employment outside India
*For carrying on outside India a business or vocation
*For any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period

You can remit to the below mentioned persons: (a) Members of your Hindu undivided family.
(b) Your spouse.
(c) You are related to the beneficiary in any of the manners indicated below:
   1. Father (including step-father).
   2. Mother (including step-mother).
   3. Son (including step-son).
   4. Son's wife.
   5. Daughter.
   6. Daughter's husband.
   7. Brother (including step-brother).
   8. Sister (including step-sister).

Money can be sent abroad through the following modes:
   1. Wire Transfer.
   2. Foreign Currency Demand Draft.

The permissible purposes for transferring funds through are as follows:
   1.Maintenance of Close relatives abroad
   2.Education Abroad
   3.Medical Treatment Abroad
   4.Immigration Abroad
   5.Employment abroad
   6.Fees for examinations like GRE/GMAT/TOEFEL
   7.Other Travel Including Holiday Trips
   8.Travel for education
   9.Travel for Medical Treatment

US$ 2,50,000/ equivalent per annum (as long as the limit is not consumed/ part consumed in any other purpose stated under LRS) towards tuition fees, maintenance expenses books, etc.

Up to US$ 250,000/ equivalent for the patient going abroad for medical treatment or check-up abroad. Up to US$ 25,000/ equivalent for attendant accompanying the patient going abroad for medical treatment/check-up within overall limit of USD 250,000.

Gifts up to USD 2000 per financial year can be sent on the basis of self-declaration, Gifts / Donations can also be sent under Liberalized Remittance Scheme (LRS) upto USD 2,50,000 in a financial year. Investment by an Indian resident individual in overseas companies would be sub-summed under the Scheme of USD 2,50,000.

View All Money Transfer FAQs