Gift Remittance

Send money from India as a gift 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 gift 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 weddings and wedding gifts, festivals and religious occasions like Diwali and Eid, birthdays and anniversaries, graduation and first job gifts, new baby and housewarming celebrations, contributions towards a big purchase, with expert guidance and dedicated remittance support from planning to payment. 

Indian families mark occasions with money. A wedding, a graduation, a new baby, a first job, a festival. When the person receiving it lives abroad, that gift has to cross a border before it reaches them.

Gift transfers work differently from monthly family support. They are usually one off, often larger, and almost always tied to a date. Nobody wants a wedding gift landing a week after the wedding. The amount also tends to be bigger than a maintenance transfer, so the exchange rate matters more on a single booking than it does across twelve small ones.

BookMyForex lets you send gift money at live, interbank linked rates with every charge shown before you pay. You can lock a rate for up to three days if you are waiting for a better one, track the order end to end, and get SWIFT proof once the money moves. Support is available on call and on chat, so a transfer tied to a date does not turn into a worry. 

Gift transfers from India follow the map of the Indian diaspora. In the United States, money goes to Edison, the Bay Area, Dallas and Chicago, usually for weddings, graduations and new homes.

In Canada, gift transfers reach Toronto, Brampton, Surrey and Calgary, much of it around weddings and first home purchases. The United Kingdom draws similar transfers into London, Birmingham and Manchester.

Australia and New Zealand receive gift money in Sydney, Melbourne and Auckland, often clustered around festival dates and family events back home. The UAE, Saudi Arabia and Singapore see transfers to friends and extended family working there. Germany rounds out the list, driven by younger professionals and recent graduates. 

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A gift transfer moves from your Indian bank account directly to the recipient's own bank account abroad. It cannot be sent to your own overseas account, and you cannot gift foreign currency to another resident Indian for credit to their account abroad.

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 recipient does not have to be a close relative, which is the main way a gift differs from family maintenance. Some banks apply their own checks on larger gifts, so confirm the requirement before you book.

Use the correct RBI purpose code. For personal gifts, it is S1302. TCS is nil up to ₹10 lakh in a financial year and 20 percent above that, and it 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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