|MONEY TRANSFER ABROAD||BookMyForex. com||Other Forex providers*|
|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|
Hassle Free Inter country currency exchange services with best conversion rates. Very Prompt & Proactive. Got a Card delivered for my Son at my doorstep the next day morning itself. Wire Transfer services work so well in a limited period of time. Extra- Ordinary Services and Highly Recommendable.
Through the four years of my son studying abroad, I used Bookmyforex as the sole forex provider. With the best rates in India and exemplary service, I always felt I got the best of both worlds - a premium service at the best possible cost. Would recommend this highly to anyone who has forex needs.
I had heard of Book my forex through a friend of mine in 2019 when my daughter took admission in York University Toronto Canada. But I was a little reluctant back then to use the services from an unknown company. Came lockdown 2020 and I was in a complete mess as I had to deposit daughters tuition fees again and was reluctant to go to any of the banks in person. So this time I decided to use Book my forex services and it was flawless. I need not be going out of my house at all. All things went so smoothly on mobile and internet. I would recommend Book my forex for fees transfers to foreign universities and all forex requirements.
I have transferred money to my son, studying abroad, many times in the last two years, through Bookmyforex. Bookmyforex is very safe, reliable, and very fast in wire transfer. Bookmyforex is charging a very nominal exchange rate. I believe that Bookmyforex is the real HERO in wire transfer.
Recently my father had to remit some money to UK for my studies. Our regular bank, made my father visit twice personally for the remittance of my college fees, without any success. However, I discovered BookMyForex which proved to be much easy, homely comfortable, hassle-free, dedicated resolutions and prompt process. So far, my father has transacted at four occasions over the past three months for different forex services and every time we find the team to be as cordial, accommodating, prompt and dedicated as in the first place. Above all, the best rates and immediate prompts for every step in the process of remittance, so that you know the status in real-time. Excellent and dedicated customer service. I highly recommend utilizing BMF services. I am sure you won't go anywhere else afterward.
I would like to thank Bookmyforex for a quick and prompt response. Bookmyforex helped me transferring the money to the Netherlands easily without me having to visit the nearby bank for verification. They also provide the best transfer rate when compared to the other banks and services. I would strongly recommend anyone who would like to use Forex services. The services are quick, reliant, and convenient. Their customer service is exceptional, and they will guide you through the whole process. I found Bookmyforex to be the best option to perform outward remittances."
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.
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.
Visiting the bank branch is a thing of the past now. With the launch of our fully online remittance process, you can do everything online on BookMyForex’s platform. Now send money abroad from the comfort of your home.
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.
Over ₹4,500 crore in Forex Transactions Processed
It has never been easier to send money to Australia from India. You can do a wire transfer from India to Australia, as it is one of the most popular methods of transferring money. It will cost you much less to let BookMyForex handle your international transaction from India to Australia instead of doing so directly with a bank that will cost you much more. You will have to shell out around 2% extra if you do this remittance directly via banks. With wire transfers, you will be able to remit to Australia in the fastest time possible.
It could seem like a big challenge for first timers to move money from India to Australia, but if done correctly, it's really easy. Migrating to another country comes with its share of excitement and apprehensions. In recent years, Australia has seen a huge rush of Indians who have migrated to the country either for residency or studies or work or to fulfil their aspirations. If you too are migrating to the country ‘down under’, have you thought of how you should go about with your money transfer from India for immigration? You can send money online to Australia for other purposes as well like maintenance of your relatives or for your kids' education etc. You can send Australian Dollars through wire transfer online or a demand draft.
You have two ways to transfer money to Australia from India:
1: Wire Transfer Online to Australia (Swift Transfers)
2: Demand Drafts (money orders)
Wire transfer is the easiest and best way to transfer money to Australia from India. Though wire transfer to Australia is actually done by banks, it is cheaper to use the services of companies since like BookMyForex. Online marketplaces like BookMyForex will get you a better rate on a wire transfer from India to Australia than banks. However, wire-transfers can be expensive. As Banks in India charge anywhere from Rs. 500 to Rs. 1000 to process it. Moreover, most foreign banks that receive the money also charge a foreign correspondent fee ranging from AUD 10 to AUD 40. So when you do a money transfer online to Australia, always be sure of the charges and costs. Send Australian Dollars at Zero Margin and Zero Commission with us.
You can send money to Australia through foreign currency demand drafts. Demand Drafts are physical paper drafts, issued in a specific foreign currency instead of a sending to a specific recipient. Demand draft is much cheaper than a wire-transfer to Australia. You have to pay just the demand draft fee to your bank or service provider. There is no need to pay any fee to the foreign bank receiving the money. This helps you save a lot of money.
However, the problem with demand drafts is that the process takes much longer to transfer money to Australia. It can take longer for the recipient to receive the money than a wire transfer online to Australia because you have to mail the demand draft physically. Once they receive it, it takes few days to en-cash the demand draft. The total number of days combined creates a large gap (maximum up to 10 days) in actually receiving the funds. So demand drafts work out better if there is no emergency. If you need to transfer money to Australia from India on a planned basis with sufficient notice, use demand drafts.
Know more about BookMyForex’s fully online remittance process
A wire transfer from India to Australia can be done pretty quickly. If you do it via BookMyForex, your wire transfer will get completed as efficiently and cheaply as possible. On BookMyForex's website, you would then have to book the order and then sign the documents online or offline.
And here's how BookMyForex can be used from India to Australia for wire transfer. Take the steps below:
Step 1: First of all, you need to check whether you are eligible for an outward remittance or not. Simply list the sender's information along with the recipient's information. You will also be required to declare the purpose of your transfer of funds to Australia.
Step 2: After you have mentioned the details, you will be required to provide the documentation. It would be important to have details, such as PAN card, passport front and back page, remitter photo cum address evidence, and many other records.
Note that the customer also has the option to complete this stage offline and to sign the documents back in the bank. A document pickup option with COVID-19 in mind is safer to choose. The documents on the website itself are also easy to upload, saving you a lot of time.
Step 3: You can now conveniently move funds to one of the BookMyForex partner banks later on.
Step 4: The forex rate that is shown to you on your device will be booked for you. A digital A2 form will eventually get sent to you. You will sign it on the portal itself, so that you do not need to visit the bank. Our partnering bank will begin the transfer process and send to you a SWIFT acknowledgement.
1. Now, you can easily move funds from India to Australia. As your transactions will be taken care of by our full online remittance operation, you do not need to visit any banks or other vendors. Let BookMyForex take care of your transfer and we will make sure that it is transferred into the recipient's account as soon as possible. On BookMyForex's website or app, simply book the order and leave the rest to us.
2. If you go directly to a bank, you're going to have to spend out about 2% more than what you will spend on BookMyForex. We also give you an option to book live AUD exchange rates and, if needed, even freeze the rates.
3. At BookMyForex, we like to keep the process fairly simple and reliable, so that you don't even need to think about bringing the documents to the bank yourself. What you need to do is upload the documents on our platform and that's pretty much it. It is so easy, believe us!
4. Our support team is just a call/email away, and we attempt to answer all the questions as soon as possible because you matter to us. At BookMyForex, we believe in total fairness and regard the customers' money as our own money. The remittances are carried out only through trusted banks in India.
All foreign currency transactions are subject to Service Tax.
Foreign Exchange and Money Transfer services are available though Tied-up Reserve Bank of India approved Authorized Dealers only. All foreign exchange transactions are subjected to AML/CFT/KYC & FEMA policies instructed by Reserve Bank of India.
As per RBI guidelines, outward remittances are not permitted in high-risk countries indicated by FATF (Financial Action Task Force). The list gets updated from time to time. For more information please refer to the information available on Fatf-gafi.org
Under the Liberalised Remittance Scheme (LRS), Indian residents are allowed to remit up to USD 250,000 per financial year. This is the scheme set by the Reserve Bank of India (RBI).
It usually takes 12-48 business hours for the transfer to get processed. In case you want to know the status of the transfer, you can simply call us or drop us an email.
Here are the following charges involved in a money transfer to Australia from India:
Nostro Charges (Varies from bank to bank)
Bank fee - INR 225
Goods & Services Tax (GST) - The % varies depending on the amount you wish to remit.
BookMyForex processes the remittances via trusted and authorized Banks in India. We track the orders and keep you posted with the progress until the remittance is sent from India to the beneficiary's account. Your online transaction on BookMyForex.com is processed over a secure HTTPS connection and secured with the highest levels of encryption available. All credit card and debit card payments on BookMyForex.com are processed through a secure and trusted payment gateway and your credit card/ debit card/ net-banking info is never stored on our servers.
You need following documents to Send Money to Australia:
- Original and valid passport
- A valid visa for the country of travel (except where VISA on arrival applies)
- Confirmed ticket-showing travel within 60 days of taking foreign exchange
- PAN (Form 60/61 in case PAN missing)
- Apart from this KYC of sponsoring company would be required as per RBI guidelines
- Beneficiary Bank Name, Swift Code, Routing number & Correspondent Account No.
- Beneficiary Name, Address (as given in bank)
- Remitter Name, Account Number and Purpose of Transaction with KYC.
- Filled A2 Form cum declaration with signature
You can send Australian Dollars from India to Australia for the following 8 reasons:
1: Studies abroad
2: Business Trip
3: Medical Treatment Abroad
4: Maintenance of close relatives abroad
6: Going Abroad on Employment
7: Gift or Donation
8: Private Visits abroad
According to RBI’s LRS policy update in 2017, Indians can send up to $2,50,000 or its equivalent per year per person abroad. If you want to send Australian Dollars then the amount is around 338,000 AUD (this number can vary because of currency fluctuations). You can do an online wire transfer from India to Australia or send it via a demand draft.