Family Remittance

Send money from India for close relatives to 150+ countries including the United States, United Kingdom, Canada, Australia and many more, at the lowest guaranteed rates, 24x7. Over 6.5 lakh customers trust BookMyForex for family transfers backed by rate lock-in, same-day SWIFT proof and savings of up to 5% per transfer compared to banks and other remittance providers.

Send money for monthly maintenance and household expenses, rent and utility bills, support for elderly parents living abroad, setting up a new home after relocation, transport and everyday costs, with expert guidance and dedicated remittance support from planning to payment. 

Lakhs of Indian families send money abroad every year to support the people closest to them. Parents send funds to a son who has just started work overseas. Adult children send monthly support to a mother or father living with a sibling in another country. Spouses send money to a partner who moved abroad for a job.

These are rarely one time payments. Most families send money every month or every quarter, and they keep doing it for years. A poor exchange rate looks small on a single transfer. Across twelve transfers a year, it quietly turns into a large sum. Hidden fees do the same thing. And when a transfer is delayed, someone abroad is left waiting on rent money or a bill that is already due.

This is why the platform you send from matters. BookMyForex lets you send money to your family at live, interbank linked rates with every charge shown before you pay. You can lock a rate for up to three days, track the order end to end, and get SWIFT proof once the money moves. Support is available on call and on chat, so you are never guessing where your transfer is. 

Family transfers from India are concentrated in countries with large, established Indian communities. The United States is among the countries that receive the highest volumes, led by families in Edison, the Bay Area, Dallas and Chicago, where working professionals and recent graduates receive regular support from home.

Canada follows closely, with Toronto, Brampton, Surrey and Calgary seeing steady monthly transfers tied to students who stayed on and to parents on PR. The United Kingdom sees similar volumes into London, Birmingham and Manchester.

Australia and New Zealand attract regular maintenance transfers to Sydney, Melbourne and Auckland, mostly linked to employment and family reunification. Families in India also send money to relatives working in the UAE and Saudi Arabia, usually for rent and household costs. Germany and Singapore round out the list, driven by IT, engineering and finance roles. 

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A family transfer usually follows one route: money moves from your Indian bank account directly to your relative’s bank account abroad. It cannot be sent to your own overseas account under this purpose.

You’ll need the recipient’s exact account name, account number and SWIFT/BIC code. Depending on the country, you may also need an IBAN, ABA routing number, sort code or BSB code. Always match the account name with the bank statement.

The money must go directly to the relative, not to a landlord or hospital on their behalf. The sender must be an Indian citizen with a valid savings account.

Use the correct RBI purpose code. For family maintenance, it is S1301. Medical treatment, education and gifts have different codes and tax rules.

Keep your PAN, address proof, signed LRS form and relationship declaration ready. TCS applies above ₹10 lakh in a financial year at the applicable rate and can generally be claimed as a tax credit when filing your ITR. 

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 → 

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