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 ₹96.9677
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
Secure online transfers powered by BookMyForex remittance partners
Send Money to Bangladesh (in USD)
Transfer money from India to Bangladesh (in USD) 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 to Bangladesh (in USD) (Guaranteed Lowest Rates)
Check out today's money transfer live rates:
Forex Rates LIVE
- Fast. Online. Secure. Same-day transfers via trusted banks.
- Lowest Guaranteed Rates Zero hidden charges.
- Remittance Expert by Your Side Expert guidance from planning to payment.
BookMyForex Offers
Remit Money from India to Bangladesh (in USD) with BookMyForex
Bangladesh is India's biggest trade partner in South Asia. Trade runs to about 13 to 14 billion dollars a year, and most of it flows one way. India sends the cotton, yarn, fabric, machines, and fuel that keep Bangladeshi factories going.
That trade brings people and payments with it. Indian professionals staff garment mills, power plants, and tech firms across the country. Indian companies run large projects there too. So money moves across the border for supplier bills, salaries, project costs, and family support.
Since 2023, the two countries have settled part of their trade in rupees. Even so, most retail transfers are sent in US dollars and paid out in taka. Banks check the purpose of each transfer, so clear paperwork matters.
BookMyForex makes this simple. Send money to Bangladesh through trusted banking channels, with live rates, clear charges, and help with documents at every step.
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 India to Bangladesh (in USD)
BookMyForex makes it incredibly simple to send money internationally from India. 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? 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
BookMyForex International Money Transfer Statistics
Recent activity
- NZD 16,390 sent to New Zealand from Mumbai for education fees
- USD 10,000 sent to United States of America (USA) from Pune for family maintenance
- USD 1,500 sent to United States of America (USA) from Delhi for education fees
- GBP ▲ strengthened by 0.0354% against Indian Rupee (vs yesterday, 20 Jan 2026)
- SGD ▲ strengthened by 0.0117% against Indian Rupee (vs last week, 14–20 Jan 2026)
Source: Indicative transaction trends
Popular Destinations for Money Transfer to Bangladesh (in USD)
Transfers from India to Bangladesh follow its industrial map. Dhaka takes the largest share. As the capital, it holds most head offices, Indian professionals, and trading firms.
Chattogram is the main port and industrial city. It handles trade payments and shipping. Narayanganj and Gazipur form the garment belt around Dhaka. They draw transfers tied to textile mills and factories.
Khulna and the zones near Mongla see steady inflows too. These are linked to ports, power projects, and factories. Smaller payments reach business hubs across the country.
Purposes for Which You Can Transfer Money from India to Bangladesh (in USD)
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 India to Bangladesh (in USD)
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 with BookMyForex
Comparison: BookMyForex vs. Other Ways to Send Money from India to Bangladesh (in USD)
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 International Wire Transfer from India to Bangladesh (in USD)
The documents required for your international wire transfer to Bangladesh (in USD) 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)
How Money Is Received in Bangladesh (in USD)
The recipient's account number and bank SWIFT code are needed for every transfer. Most people bank with names like Sonali Bank, BRAC Bank, or City Bank. Bank-to-bank transfers are the standard route.
Money is usually sent in US dollars. It is then paid out in Bangladeshi taka. Banks check the purpose of each transfer, so clear documents help it arrive on time.
Send Money Overseas from India to Bangladesh (in USD) 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!
Download our app
Rated 
4.8
4.8by 2,126 Trustpilot reviews
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
TCS on International Money Transfers from India to Bangladesh (in USD)
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 Indians Transfer Money to Bangladesh (in USD)
Purpose of Money Transfer to Bangladesh
Description
Business & Trade Payments
The main use. Indian traders and firms pay Bangladeshi suppliers, mostly for textiles, machines, chemicals, and other goods.
Employment & Relocation
Indian professionals joining garment, power, tech, and telecom firms get funds for housing and early settling-in costs.
Investment & Business Setup
Indian residents fund ventures, joint projects, and business interests in Bangladesh, within the LRS limit.
Family Maintenance
Indian families with relatives in Bangladesh send money for rent, bills, and daily household costs.
Higher Education
A smaller group of Indian students at Bangladeshi medical and technical colleges get tuition and living costs from home.
Travel & Extended Stay
Funds support long stays, work trips, and family visits across Dhaka, Chattogram, and beyond through the year.
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
BookMyForex Media Mentions
“Global Forex Card Brings Zero Markup, Free ATM & More Savings for Study Abroad”
“BookMyForex Makes Forex Cards More Rewarding with MakeMyTrip Travel Benefits”
“BookMyForex enables same-day forex delivery, even on weekends”
“BookMyForex launches same-day overseas education remittance service”- “Freeze forex rate today to transfer money abroad and pay later service launched”
“BookMyForex is demolishing opacity and introducing transparency”
“BookMyForex to provide lowest rate guarantee & 3.3% cashback for winter travel”
“Now reload forex card in real time with BookMyForex app”