I use BookMyForex fund transfer services for my US university tuition and living expenses from India because they offer the best exchange rates.
Your Location: Delhi 
Upto ₹15,000 Cashback on Education Transfers 
Sending Currency
Indian Rupee
INR
Since you're sending from India, this currency is fixed to INR for your transfer.
Recipient Currency
US Dollar
USD
USD AMOUNTLive Rate ₹95.7707
INR AMOUNT
Remittance orders are usually processed within 48 working hours of placing the order
Send money abroad at live exchange rates with transparent charges
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Money Transfer in Chennai
Send money internationally from Chennai 24x7 at the lowest guaranteed rates. Enjoy secure, same-day international cash transfers through our trusted partner banks and unlock savings of up to 5% on every foreign money transfer.
Secure International Cash Transfer Service in Chennai (Guaranteed Lowest Rates)
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- Lowest Guaranteed Rates Zero hidden charges.
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Send Money Abroad from Chennai with BookMyForex
Chennai sends money abroad in large volume, and the mix is unusual. Car plant staff, port and trade companies, doctors, software teams on the OMR belt, and families with relatives in Singapore or the Gulf all transfer funds. Many of them send money each month. Fee transfers peak in July and August, while trade payments run at a consistent pace right through the year.
Most people in the city still use a bank transfer, which normally takes two to three working days to complete. The hidden component is the exchange rate, because banks build 2% to 4% into the live exchange rate, and that cost never appears as a separate fee line.
BookMyForex operates on a transparent model, offering live interbank rates, no hidden charges, same day processing through partner banks, and a fully online booking.
You therefore avoid the branch journey, the waiting, and the unpleasant rate movement at the end, so Chennai can complete an overseas transfer from a desk or a phone.
Why Trust Us
BookMyForex - India’s Leading Forex Marketplace
Buy & sell forex online - order foreign currency notes, get forex cards, and send money abroad. Same-day doorstep delivery available in 65+ cities across India. Grab up to ₹7,500 cashback on forex card/currency notes and up to ₹15,000 on education related international money transfers!
$1.7 Billion+ exchanged
6.5 Lakh+ customers
5,000+ banks & money changers partnered
How to Send Money Abroad from Chennai
BookMyForex makes it incredibly simple to send money internationally from Chennai. Whether you're supporting family overseas, paying university fees, or sending money abroad for any other purpose, just follow these 4 steps:
- Enter Amount & CurrencyInstantly view live rates, applicable fees, and how much your recipient will receive
- Upload DocumentsA quick, fully online process, no branch visits, no physical paperwork
- Add Recipient DetailProvide the beneficiary's bank account number and bank’s SWIFT/BIC code
- Make PaymentPay via UPI or net banking. Education transfers same-day; all others within 12-48 hours
Best Way to Send Money Internationally in Chennai? BookMyForex! Faster, Cheaper, Simpler
- Best Rates, GuaranteedInterbank-linked rates, zero hidden charges, Lowest Rate Guarantee*
- 24x7 Online BookingSend money easily 24x7 via our website or app
- Quick Transfer Funds received abroad in as little as 6 hours
- Send Money WorldwideRemit funds to over 150 countries
- Rate Lock-In FeatureLock in desired rates for up to 3 days
- On-Call & Online SupportAssistance available via phone and chat
Safety First: How BookMyForex Protects Your Money
- Trusted Banking PartnersExclusive tie-ups with top banks in India like RBL and Instarem
- Advanced-Data EncryptionBank grade encryption to protect your data
- Secure Payment GatewaysSecure payment acceptance and routing via reputed payment gateways
BookMyForex International Money Transfer Statistics
Recent activity
- USD 1,000 sent to China from Delhi for investment in foreign equities
- GBP 1,100 sent to United Kingdom (UK) from Mumbai for family maintenance
- USD 8,000 sent to United States of America (USA) from Hyderabad for education fees
- JPY ▼ weakened by 0.8% against Indian Rupee (vs yesterday, 21 Oct 2026)
- GBP ▲ strengthened by 0.0747% against Indian Rupee (vs last week, 15–21 Oct 2026)
Source: Indicative transaction trends
Popular Destinations for Overseas Money Transfers from Chennai
Chennai money flows track both study and old family links. The United States leads, driven by fees and by a very large Tamil community there. Singapore and Malaysia follow, with decades of family and trade ties behind them. The United Kingdom stays company on tuition and support funds.
Germany has grown fast as more students head there for low cost degrees in engineering. The UAE draws a consistent flow from the Gulf work force. Australia and Canada take in study fees, while Sri Lanka sees regular small family transfers.
BookMyForex supports all of these corridors with live rates, same day processing, and no hidden charges.
Purposes for Which You Can Transfer Money from Chennai
As per RBI's Liberalised Remittance Scheme (LRS) , Indian residents can send up to USD 2,50,000 per financial year for a wide range of purposes. Here are the key purposes allowed:
- Payments to any Individual Living Abroad
- University Fee Payments
- Investment in Foreign Stocks and Equities
- Funds Transfer for Emigration and Foreign Employment
- Medical Treatment Abroad
- Gifts and Donations Abroad
Best Way to Send Money from Chennai
Wire transfers are the easiest and most affordable option to send money from India to over 150 countries. Enjoy the speed and convenience of sending money overseas directly from your Indian bank account to the recipient's account. Read more to discover everything about wire transfers .
Top Countries for Sending Money Internationally from Chennai with BookMyForex
Comparison: BookMyForex vs. Other Ways to Send Money from Chennai
Feature
Exchange Rates
Fees & Charges
Transfer Speed
Countries Supported
Rate Lock-In
Availability
Money Transfer via BookMyForex
Interbank-linked best rates; save up to 5%
Just ₹320 + GST bank fee and ₹1,180 Nostro charges, with no hidden charges
Same-day (education, as fast as 6 hrs); 12-48 hrs
150+ countries worldwide
Lock in rates for up to 3 days
24/7 online booking via website & app
Online Remittance Providers
High markups (up to 5%), limited transparency
Variable transfer fees based on the amount and currency, going up to ₹7,500 per transaction
3-7 working days (minutes for cash pickup in some corridors)
Limited to select corridors
Not as flexible
Subject to banking hours, currency and payment method.
Bank Wire Transfer
2-4% markup over base rate
₹1,500–₹2,000 Bank Fee + GST + Additional Nostro Charges depending upon currency
3-5 working days
Most countries via SWIFT
Not available
Limited to bank hours
Documents Required for Foreign Money Transfer from Chennai
The documents required for your international wire transfer from Chennai depend on the purpose of remittance. Three documents are mandatory for all transfers:
- PAN card
- KYC and Address Proof (Aadhaar / Passport / Voter card)
- Outward Remittance Application (A2 cum LRS Declaration)
Additional documents by purpose:
Required Documents:
• Admission letter / University offer letter
• Student's valid passport (if remitter is a close relative)
• Admission letter / University offer letter
• Student's valid passport (if remitter is a close relative)
Popular Areas in Chennai to Send Money Abroad
Money Transfer Areas in Chennai
Pros of Area
Cons of Area
T Nagar
The busiest retail market in the city, with a thick cluster of licensed dealers.
Crowds are heavy, parking is genuinely difficult, and walk in exchange rates are set for speed.
Anna Salai
The main business road, lined with bank branches and dealers who handle trade transfers.
Service leans towards companies, so small personal transfers can sit low in the queue.
Nungambakkam
Home to consulates and travel companies, so staff here know visa and education paperwork well.
Rents are high on this stretch, and the margin you pay reflects that cost.
Adyar
An established area with long standing dealers who deal with family and school transfers all the time.
Choice is narrow, and the odd currency you need may not be in stock that day.
Velachery
A growing south side hub with mall counters and convenient rail links for easy reach.
Most counters focus on travel cash, so transfer pricing here is not always competitive.
Anna Nagar
A well off pocket with consistent demand and dealers used to large family transfers.
Rates rarely move much, since few buyers here take the time to compare outlets.
Sholinganallur
Sits in the heart of the OMR tech belt, so employment and education transfers are routine here.
Dealer count is limited for the crowd it serves, which keeps prices company.
Porur
Serves the west side and the hospital belt, with counters used to medical applications.
The stretch is busy and spread out, so a real rate comparison takes time and effort.
Tambaram
A key south suburb with rail links and a reasonable number of small money changers.
Large transfers are less common, so complex applications may take an additional day to process.
Guindy
Close to offices, the airport road, and rail, which makes it easy to reach fast.
Counters here price for the airport crowd, so rates often run above the city average.
Other popular areas for money transfer in Chennai include:
- Mylapore
- Egmore
- Ambattur
- Chromepet
- Perambur
- Purasawalkam
- Kodambakkam
- Thiruvanmiyur
- Avadi
Send Money from Chennai with the BookMyForex App
Whether it's for university fees, medical expenses, a heartfelt gesture, funding your GIC/ blocked account, or any other purpose, the BookMyForex App makes transferring money from India effortless.
Download the app and transact with ease, right from your smartphone!
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TCS on International Money Transfers from Chennai
As per the Union Budget 2026, Tax Collected at Source (TCS) applies to outward remittances under LRS based on the purpose and amount of transfer. Here are the applicable TCS rates:
● Education via education loan: 0% TCS (any amount)
● Self-funded education & medical treatment: Nil up to ₹10 lakh; 2% above ₹10 lakh
● All other outward remittances: Nil up to ₹10 lakh; 20% above ₹10 lakh
Note: TCS is not a final tax, it can be claimed as credit when filing your ITR. BookMyForex auto-calculates applicable TCS at checkout so there are no surprises.
Know More About TCS →
Different Purposes Why People Transfer Money Abroad from Chennai
Purpose of Money Transfer from Chennai
Description
Higher Education
Chennai families send heavy fee transfers to the USA, Germany, the UK, and Australia. Masters degrees in engineering draw the largest share. The peak runs from June through August.
Business & Trade Payments
Car part makers, leather companies, and port traders pay vendors in Japan, Korea, Germany, and China. These transfers are large and follow set order cycles each quarter.
Family Maintenance
The city has deep family ties to Singapore, Malaysia, and the USA. Money moves each month for rent, care of the elderly, and school expenses in those places.
Employment & Relocation Costs
Staff who move to the Gulf, Singapore, or the USA get initial funding from home. These pay for apartment deposits, visa costs, and the early living expenses.
NRI Investment & Savings Transfers
Chennai investors put money into foreign property and funds, often in Singapore and the USA. The LRS limit sets how much can move out in a financial year.
Medical Treatment Abroad
Chennai is a care hub, so outward medical transfers are fewer. Those that go out head to the USA, Germany, or Singapore for complex surgery and long term care.
Travel & Extended Stays
Family visits to Singapore and the USA, plus extended work assignments, drive a regular flow of small and mid sized transfers from the city all through the year.
Immigration & Visa Fees
Canada PR, Australia study, and US work visa files are common here. Each one needs fees, immigration lawyer fees, and proof of funds transferred abroad on a fixed date.
BookMyForex International Wire Transfer Testimonials
As a senior citizen, I was anxious about completing the transaction, but BookMyForex guided me patiently. The funds were credited to my son's account super fast!
Great remittance platform with prompt service. I hit a few initial hiccups, but the team resolved everything quickly. Overall, an excellent experience!
BookMyForex is transparent, safe, and easy to use. The team is highly experienced, providing fast transfers, the best exchange rates, and minimal bank fees.
Great service, fast transfers, and good rates. Their team explained everything over the phone and made the whole process easy!
Sanjay Tripathi
No hidden charges, Easy to use, Excellent Order Tracking, Best Exchange Rate
Pratyaksh
Smooth and Easy Online Process
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