MONEY TRANSFER ABROAD | BookMyForex. com | Other Forex providers* |
---|---|---|
Service Charges | ZERO | ₹200 |
Bank Charges | ₹ 225 ZERO | ₹ 1000 |
OVERALL HIDDEN CHARGES | ₹ 0 | ₹1200 |
* Other Forex providers include Online and offline companies. BookMyForex.com charges a Bank Fee of Rs. 225 which is paid back to the customer as cash back post order completion (use promo code: ZEROBANKFEE). Beneficiary's bank or intermediatory banks overseas may apply additional charges to customers as per local arrangement or inter-bank arrangements |
As a mom sending money to my son abroad, I was overwhelmed by transfer fees and confusing processes. Then I found BookMyForex! Their app is amazing—just four steps and my transfer was on its way. Plus, their rates are the best! I love how easy it is to send money overseas with them. Thanks for the smooth experience, BookMyForex!
I often send money to my daughter living abroad. BookMyForex caught my eye with their unbeatable forex deals. The booking process was easy, and the transaction was fast, perfectly fitting my timeframe. With their smooth app and interbank rates, BookMyForex has become my go-to platform for money transfers. Highly recommended!
I came across BookMyForex on Google and was truly impressed by their lowest exchange rates. I use their app to send money to my daughter abroad; it's super quick and convenient—just a few steps, and you're done! They offer international money transfers at interbank rates, an advantage not to be missed. Go for it, guys—you won't regret it!
I am thrilled to share my exceptional experience with BookMyForex.com. From the moment I engaged with the platform, I was blown away by the simplicity of the interface, the step-by-step process, and the fair exchange rates. I am an early adopter of BookMyForex and have used their forex card as well as money transfer service for overseas education. Interacting with their customer support team is a true pleasure. They take the time to listen attentively to my needs, ensuring that all the transactions are completed on time and followed through till the end.
Hassle Free Inter country currency exchange services with best conversion rates. Very Prompt & Proactive. Got a Card delivered for my Son at my doorstep the next day morning itself. Wire Transfer services work so well in a limited period of time. Extra- Ordinary Services and Highly Recommendable.
Through the four years of my son studying abroad, I used Bookmyforex as the sole forex provider. With the best rates in India and exemplary service, I always felt I got the best of both worlds - a premium service at the best possible cost. Would recommend this highly to anyone who has forex needs.
I have transferred money to my son, studying abroad, many times in the last two years, through Bookmyforex. Bookmyforex is very safe, reliable, and very fast in wire transfer. Bookmyforex is charging a very nominal exchange rate. I believe that Bookmyforex is the real HERO in wire transfer.
Recently my father had to remit some money to UK for my studies. Our regular bank, made my father visit twice personally for the remittance of my college fees, without any success. However, I discovered BookMyForex which proved to be much easy, homely comfortable, hassle-free, dedicated resolutions and prompt process. So far, my father has transacted at four occasions over the past three months for different forex services and every time we find the team to be as cordial, accommodating, prompt and dedicated as in the first place. Above all, the best rates and immediate prompts for every step in the process of remittance, so that you know the status in real-time. Excellent and dedicated customer service. I highly recommend utilizing BMF services. I am sure you won't go anywhere else afterward.
I would like to thank Bookmyforex for a quick and prompt response. Bookmyforex helped me transferring the money to the Netherlands easily without me having to visit the nearby bank for verification. They also provide the best transfer rate when compared to the other banks and services. I would strongly recommend anyone who would like to use Forex services. The services are quick, reliant, and convenient. Their customer service is exceptional, and they will guide you through the whole process. I found Bookmyforex to be the best option to perform outward remittances."
BookMyForex is Rated 4.7 out of 5 Stars by Trustpilot Based on Over 1078 Reviews
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.
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.
Visiting the bank branch is a thing of the past now. With the launch of our fully online remittance process, you can do everything online on BookMyForex’s platform. Now send money abroad from the comfort of your home.
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.
Looking for a reliable, fast, and affordable platform to send money abroad? Introducing BookMyForex, an innovative platform that simplifies international money transfers overseas. We ensure your transactions are safe, secure, and seamless from beginning to completion. With competitive rates, a 24/7 order booking process, and zero transfer charges, transferring funds to foreign countries has never been easier. Trust BookMyForex to meet all your foreign remittance needs, delivering speed and convenience at every step of the process.
Our partnerships with leading institutions like Yes Bank, RBL Bank, and other trusted service providers allow us to provide efficient and swift international money transfer services. Through these strategic tie-ups, we ensure secure transactions and value for money for our customers.
You have primarily two ways to transfer money abroad:
1: Wire Transfer (swift transfers)
2: Demand Drafts (money orders)
This is by far the easiest and most convenient way to transfer funds abroad. Wire transfers are direct bank transfers where the money is sent directly from an Indian bank account to an overseas bank account of your beneficiary. With BookMyForex's international money transfer services, there are no transfer charges, making it a cost-effective method for sending funds overseas.
Demand drafts are physical paper drafts that can be delivered to a foreign country physically or sent to a beneficiary overseas via courier/mail. Remember that sending money by demand draft abroad is time-consuming and inconvenient.
Transferring money abroad using BookMyForex is a straightforward and convenient process. Whether you're sending funds to a family member abroad, paying for education, covering medical expenses, or making foreign investments overseas, BookMyForex ensures that your money is remitted effortlessly, giving you complete peace of mind. Below are the steps you need to follow:
1. Order Details: Enter your city, transfer country, and the transfer amount.
2. Customer Details: Verify the sender's details using an AADHAR card and PAN card.
3. Eligibility Check: Specify the purpose of the remittance and upload the necessary documents.
4. Beneficiary Details: Provide the beneficiary's name, address, bank details, and SWIFT code.
5. Review Order: Double-check the order details and complete the payment online.
Once you have completed these steps, a digital A2 form will be created. After conducting a doorstep KYC, our partner bank will process the transfer and you will receive a SWIFT acknowledgment shortly thereafter.
BookMyForex has established itself as the preferred choice for transferring money overseas from India for several compelling reasons.
1. Best Exchange Rates: BookMyForex offers the best exchange rates, ensuring you get the most value for your money when sending funds abroad.
2. Zero Transfer Charges: We offer zero transfer charges (use Promo Code “ZEROBANKFEE”) and zero nostro charges (for remittance value up to 1000 USD) for international money transfers.
3. Safe and Secure Service: BookMyForex is a highly reliable and secure platform, and funds are transferred via reputed partner banks.
4. Quick Transfers: The transfers are processed quickly, with funds available to beneficiaries within 12-48 working hours.
5. Online Booking Option: BookMyForex offers a user-friendly experience through both its website and mobile app, allowing you to initiate transfers 24/7 online at your convenience.
6. Lock-In Rates with "Book Now and Pay Later": With this feature, customers can lock in the favorable exchange rate for up to 3 days by making a refundable deposit of just 2%.
7. Best Customer Support: Our dedicated customer service team and forex specialists are available to guide you through every step of the transfer process, ensuring a seamless experience.
8. Exclusive Discounts for Students: Under the “BookMyForex Student Offer,” we provide exclusive discounts and offers for students studying abroad.
As per RBI guidelines, outward remittances are not permitted in high-risk countries indicated by FATF (Financial Action Task Force). The list gets updated from time to time. For more information please refer to the information available on Fatf-gafi.org
BookMyForex processes the remittances via trusted and authorized Banks in India. We track the orders and keep you posted with the progress until the remittance is sent from India to the beneficiary's account. Your online transaction on BookMyForex.com is processed over a secure HTTPS connection and secured with the highest levels of encryption available. All credit card and debit card payments on BookMyForex.com are processed through a secure and trusted payment gateway and your credit card/ debit card/ net-banking info is never stored on our servers.
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) up to 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.
The limit for money transfer from India to abroad is up to US$ 250,000 or its 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 the overall limit of USD 250,000.
As an Indian, the limit to Transfer money from India is US$ 2,50,000 or its 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.
The permissible purposes to transfer money abroad through BookMyForex.com 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/TOEFL
7.Other Travel Including Holiday Trips
8.Travel for education
9.Travel for Medical Treatment
An international money transfer from India can be sent through the following modes:
1. Wire Transfer from India (You Send Money online by doing a Bank to Bank Transfer of Money)
2. Foreign Currency Demand Draft.
You can Transfer Money Overseas 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).
Person resident in India' is identified as a person resident in India for more than 182 days during the preceding financial year in section 2(v) of FEMA, 1999, but does not include the following:
A person who has left India or who, in either case, remains outside India -
* For taking up work outside India
* For having a business or vocation outside India
For some other reason, his/her intention to remain outside India for an uncertain duration would be indicated in such circumstances.
An Outward Remittance is a money transfer to a beneficiary account outside of India (except for Nepal and Bhutan) for a purpose authorised under the FEMA (Foreign Exchange Management Act) of money in foreign exchange by a resident of India or an NRI (Non-Resident Indian). For various purposes, including education, emigration, maintenance of close relatives, international travel, gifts, medical care, donations, etc, you may send money from India abroad to a beneficiary. This whole process is termed as Outward Remittance.
Over USD 1.2 Billions in Forex Transactions Processed