|MONEY TRANSFER ABROAD||BookMyForex. com||Other Forex providers*|
|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|
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 had heard of Book my forex through a friend of mine in 2019 when my daughter took admission in York University Toronto Canada. But I was a little reluctant back then to use the services from an unknown company. Came lockdown 2020 and I was in a complete mess as I had to deposit daughters tuition fees again and was reluctant to go to any of the banks in person. So this time I decided to use Book my forex services and it was flawless. I need not be going out of my house at all. All things went so smoothly on mobile and internet. I would recommend Book my forex for fees transfers to foreign universities and all forex requirements.
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."
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.
Over ₹4,500 crore in Forex Transactions Processed
It takes just a few minutes to transfer money abroad online through BookMyForex. The method is quick and convenient to use. With BookMyForex, for educational expenses such as tuition fees, maintenance of your loved ones abroad, medical care of family members, foreign investments or as a gift or donation, you can send money overseas from India.
Wire transfers: This is by far the easiest and most convenient way to transfer money 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. Among India's wire transfer services providers, BookMyForex is the only platform that will get you the best rates & deal possible.
Avail the full benefits with BookMyForex’s fully online remittance process
A wire transfer can be performed pretty easily from India to a foreign country. Your wire transfer will be done as efficiently and cheaply as possible if you do it through BookMyForex. You would also have to book the order on BookMyForex's website and then sign the forms either online or offline.
Here's how you can do a wire transfer order on BookMyForex. Simply follow the steps given below:
Step 1: You need to verify, first of all, whether or not you are eligible for an outward remittance. Now after doing that, you can mention the data of the sender along with the details of the receiver. You will also be required to disclose the purpose of your transfer of funds to a foreign nation.
Step 2: You will be required to send a few documents after you have listed the information. Documentation, such as PAN card, passport front and back page, remitter photo cum address proof, and many other records, would be essential.
Remember that the customer still has the option of completing this document submission stage offline and signing the documents by going to the bank. It is better to select a document pickup option with COVID-19 in mind. The documents are also easy to upload on the website itself, saving you a lot of time.
Step 3: You can now transfer funds to one of the BookMyForex partner banks conveniently later on.
Step 4: You will be booked for the forex rate which is shown to you on your device. Ultimately, a digital A2 form will be submitted to you. On the portal itself, you can sign it, so that you do not need to visit the bank. The transfer process will begin with our partnering bank and a SWIFT acknowledgment will be sent to you.
1. You can now easily transfer funds from India to a foreign country. You do not need to visit any banks or other vendors as your transactions will be taken care of by our fully online remittance service. Let your transfer be taken care of by BookMyForex and we will ensure that it is transferred as soon as possible into the account of the recipient. Simply book the order on BookMyForex's website or app and leave the rest to us.
2. You're going to end up paying about 2% more than what you're going to spend on BookMyForex if you go directly to a bank to process the transaction. We also offer you the option of booking live foreign exchange rates and even freezing the rates if desired.
3. We like to keep the procedure pretty quick and secure at BookMyForex, so that you don't even need to worry about taking the documents yourself to the bank. What you need to do is upload the documents on our portal and that's pretty much it. It's so simple, trust us!
4. Our support team is just a call/email away, and because you matter to us, we try to answer all the questions as soon as possible. We believe in absolute transparency at BookMyForex and treat the money of the customers as our own money. Only through trusted banks in India are the remittances carried out.
BookMyForex through its exclusive tie-ups can offer you the absolute best rates on both wire transfers and foreign currency demand drafts which are popular methods to money transfer abroad. Both products are offered through our banking partners. Now with BookMyForex’s fully online remittance process in place, you can book an international money transfer order from the comfort of your home. We have the made whole process of documents submission hassle-free by providing you the option to upload all the required documents on our portal.
With BookMyForex, you can even freeze the rate at which you want to do an online money transfer in India. Not sure if our money transfer 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.
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
3.Medical Treatment 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.
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.