|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. Beneficiary's bank or intermediatory banks overseas may apply additional charges to customers as per local arrangement or inter-bank arrangements|
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.
Book your order online and schedule a document pick up. We will pick up the documents from your home/ office at absolutely zero cost. Alternatively you can visit a bank branch to submit your documents.
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 ₹ 1,600 crore in Forex Transactions Processed
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.
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.
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
- 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 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
—Smarter, Faster & Most Trusted Way to Send Money online to Australia from India.
- Send Money to Australia from India at the guaranteed best rates.
- Best Rate Guarantee – Find us a BETTER RATE & we’ll beat it.
- Fastest Transfers – Book your order online and have your transfer processed in the next 12 – 48 business hours.
- Best customer support, available 24×7 on every medium (FB/Twitter/Call/Email)
- There are no foreign transaction fees or hidden charges.
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.