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 Kolkata
Send money internationally from Kolkata 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 Kolkata (Guaranteed Lowest Rates)
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Send Money Abroad from Kolkata with BookMyForex
Kolkata is the gateway of east India, and money leaves the city through many small streams rather than one big one. Trading houses in Burrabazar, tea and jute companies, software teams in Sector V, doctors, and parents paying university fees all transfer funds abroad. A lot of these are family led. Fee weeks fall in July and August, while trade payments track the shipping calendar.
Trading houses here work on volume and thin margins, so a spread that looks small becomes the difference between a good consignment and a flat one. Banks keep that spread inside the rate. BookMyForex quotes live interbank pricing, keeps charges visible, and clears the same day through partner banks. The quote you see is the quote that is applied.
Do it from the office or from home, and know the rate before the money moves. It is booked, confirmed and settled online.
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 Kolkata
BookMyForex makes it incredibly simple to send money internationally from Kolkata. 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 Kolkata? 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
- AUD 8,874 sent to Australia from Bangalore for family maintenance
- EUR 4,213 sent to Germany from Bangalore for education fees
- EUR 4,000 sent to Singapore from Delhi for education fees
- THB ▼ weakened by 1.1% 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 Kolkata
The United States leads, driven by university fees and by a large Bengali community there. Canada follows close behind on study permits and new PR homes. The United Kingdom keeps an old and consistent share, built on decades of family and trade links.
Australia has grown fast as more students head there. Singapore and Hong Kong matter for the trading houses, while China takes in payments for machinery and raw materials. The UAE draws a smaller but regular flow tied to work and trade.
Shenzhen, Toronto and Singapore each run on live pricing, with any fee itemised rather than buried.
Purposes for Which You Can Transfer Money from Kolkata
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 Kolkata
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 Kolkata with BookMyForex
Comparison: BookMyForex vs. Other Ways to Send Money from Kolkata
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 Kolkata
The documents required for your international wire transfer from Kolkata 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 Kolkata to Send Money Abroad
Money Transfer Areas in Kolkata
Pros of Area
Cons of Area
Park Street
The best known money changing strip in the city, with many licensed dealers nearby.
Rates are set for tourists and rushed buyers, so the counter price is rarely best.
B B D Bagh
The old finance core, ringed by bank head offices and dealers who know trade work.
The area empties after office hours, and small personal transfers sit low in the queue.
Salt Lake Sector V
The tech park belt, so employment and education transfers are handled here week after week.
Everything closes with the office day, so evening shift staff have almost no option here.
New Town
A planned, fast growing belt with new counters serving young families and companies.
Distances between blocks are long, and a counter that looks close on a map rarely is.
Gariahat
A busy retail hub with strong footfall and several long standing money changers.
The flyover traffic makes parking impossible, and most people give up and use the first counter they find.
Ballygunge
An established, well off pocket with dealers used to large family transfers.
Few counters overall, so margins here tend to run above the city average.
Esplanade
A central junction with metro and bus links, so reach from any side is easy.
The stretch is crowded, and the quality of outlets varies a lot in quality and price.
Burrabazar
The largest trade market in east India, with dealers who handle import invoices daily.
Lanes are narrow and noisy, and retail service can feel slow at peak hours.
Behala
Serves the south west with a reasonable number of small dealers near the main road.
Counters here order unusual currencies from central Kolkata, which adds at least a day.
Howrah
Sits by the main rail hub, so people from the districts reach it with ease.
Station crowds dominate, so counters are geared to travellers changing small amounts of cash.
Other popular areas for money transfer in Kolkata include:
- Bhowanipore
- Shyambazar
- Dum Dum
- Tollygunge
- Jadavpur
- Alipore
- Sealdah
- Baguiati
- Garia
Send Money from Kolkata 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 Kolkata
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 Kolkata
Purpose of Money Transfer from Kolkata
Description
Higher Education
Kolkata students favour research degrees and doctorates more than most Indian cities. Those often carry stipends, so families here send living top ups rather than full tuition.
Business & Trade Payments
Trading houses, tea and jute companies, and leather units pay vendors in China, Singapore, and Europe. These transfers track shipping cycles and port clearance dates.
Family Maintenance
Many households support a child who has stayed on after study, still finding their footing in Toronto or London. The support is meant to be temporary and rarely is.
Employment & Relocation Costs
Canada is the usual destination, and arrivals from here often move to smaller cities where rent is lower. That keeps the initial transfer smaller than the national average.
NRI Investment & Savings Transfers
Trading families here favour Singapore and Hong Kong, where they already have commercial relationships. The money moves as a business stake rather than a portfolio holding.
Medical Treatment Abroad
Rare, and usually a specialist case going to Singapore or Thailand where the flight is short. Local hospitals handle almost everything else at a fraction of the cost.
Travel & Extended Stays
Trade visits to Guangzhou and Bangkok are routine for Burrabazar firms, and often combined with a family trip. The currency needed is spread across two or three countries.
Immigration & Visa Fees
Canada PR dominates, with UK study visas close behind. Applicants here frequently apply to two countries at once, which doubles the fees before either result arrives.
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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