NOW

SEND MONEY ABROAD WITH

ZERO COMMISSION AND ZERO CHARGES

  • Send Money Abroad from India at Guaranteed LOWEST Rates
  • Fastest Transfers - Takes only 12-48 Hours

ZERO

  • Commission
  • Loading Charges
  • Re-loading Charges

Exchange Rate:

Total:
NOW

SEND MONEY ABROAD WITH

ZERO COMMISSION AND ZERO CHARGES

  • Send Money Abroad from India at Guaranteed LOWEST Rates
  • Fastest Transfers - Takes only 12-48 Hours

Comparison: BookMyForex.com vs Others

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

Do Money Transfer for following purpose

A Close Relative Abroad
Your Account Abroad
A Foreign Institute
Medical Institution/ Hospital
For Immigration
Booking Your Tour

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.

BookMyForex

3,00,000 + Happy Customers

India's Largest Foreign Exchange Market Place

Over ₹4,500 crore in Forex Transactions Processed

International Remittances Processed By

FAQs on How To Transfer Money from India to Abroad?

 

What is an Outward Remittance?

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.

'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.

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).

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
   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

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.

View All Money Transfer Overseas FAQs

Online International Money Transfer From India - The Details

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.

BookMyForex gives you two easy ways to send money abroad from India
  • Foreign currency Demand Drafts: It is a safe and convenient way if you are looking to transfer money abroad from India. Foreign currency Demand drafts are physical paper drafts that can be delivered to a foreign country physically or sent to a beneficiary overseas via courier/mail. Demand Drafts are ideal for if you are looking to send college fees, college applications, tenders, school fees, etc.
  • 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.

Exclusive Tie-ups With Leading Banks to do a money transfer money from India to overseas

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.


How to Transfer Money in 4 easy steps

  • 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
 

Introducing Zero Fee Money Transfers

We've dropped all fees associated with Money Transfers Abroad during COVID-19 Outbreak.

*Offer applicable for remittance through RBL Bank and amount above INR 3 lakhs. Offer available only for USD, EUR, AUD, CAD, GBP, SGD currencies.

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BookMyForex is a fully authorized money exchanger regulated by the Reserve Bank of India (RBI). | License number : FE.DEL.FFMC/ U070/2013 | Insurance is the subject matter of solicitation | IRDAI Registration No. CA0429 | IRDAI | Cheques are subject to realization.

Same day delivery is guaranteed for orders placed before 1 pm (IST) Monday – Friday.

* Zero margin rates/ interbank rates are available only on forex cards on specific currencies, in select cities for orders amounting to Rs. 1 lakh or more

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©2020, BookMyForex. All Rights Reserved

  • Zero Mark Up Money Transfers

    Transfer Money Abroad at Exact Interbank/ Mid-market Rates from the Comfort of your Home/Office

    Valid for all types of Import/ Export and Commercial transactions I Enjoy first three Money Transfersat exact "InterBank Rates"

    Inquire Now

Zero Mark Up Money Transfers

Transfer Money Abroad at Exact Interbank/ Mid-market Rates from the Comfort of your Home/Office Valid for all types of Import/ Export and Commercial transactions I Enjoy first three Money Transfersat exact "InterBank Rates" Inquire Now