ZERO COMMISSION AND ZERO CHARGES
ZERO COMMISSION AND ZERO CHARGES
|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. Beneficiary's bank or intermediatory banks overseas may apply additional charges to customers as per local arrangement or inter-bank arrangements|
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.
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.
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 ₹ 1,600 crore in Forex Transactions Processed
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 from India 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 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).
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.
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
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 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.
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.
You can Transfer money abroad online 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 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. 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 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.