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Send Money from India to Bangladesh with BookMyForex

In today’s interconnected world, sending money from India to other countries, including Bangladesh, has become very common. Fortunately, this process has now become easier and more streamlined. BookMyForex, a leading online forex platform, simplifies money transfers from India to Bangladesh. What sets BookMyForex apart from traditional money transfer methods is the ease and affordability of transfers. So, ditch the bank queues and send funds abroad online with BookMyForex.

Exclusive Tie-Ups With Leading Banks for International Money Transfer 

At BookMyForex, we have established exclusive partnerships with India's leading banks, including Yes Bank and RBL Bank, as well as other trusted money transfer service providers. These collaborations enable us to offer fast, secure, and affordable foreign remittance services.

Ways of Sending Money to Bangladesh from India:

You have primarily two ways to transfer money abroad:

1: Wire Transfers (Swift Transfers)

2: Demand Drafts (Money Orders)

What is a Wire Transfer?

Wire transfer involves sending money from one institution to another, electronically. They are preferred due to their speed and ease of use. Banks could charge significant fees for wire transfers abroad, but BookMyForex, on the other hand, offers zero transfer charges, thus making wire transfers affordable for everyone. 

What is a Foreign Currency Demand Draft?

Demand drafts are physical paper drafts issued in foreign currencies. They are accepted at banks in foreign countries where they can be encashed. However, transferring money to Bangladesh via demand drafts is not recommended as it takes significantly longer compared to wire transfers.

How to Transfer Money from India to Bangladesh with BookMyForex?

You can send money from India to Bangladesh without leaving the comfort of your home with BookMyForex. Just follow these simple steps:

1. Set Up Your Transfer: Enter the amount and select your currency to check rates and fees instantly

2. Upload Documents: Upload the necessary documents based on the purpose of your transfer 

3. Add Recipient Details: Share the beneficiary’s bank account details

4. Make Payment: Pay via UPI, net banking, or other methods. Your transfer will be processed after a quick verification

*Educational remittances are processed within 6 hours; all other remittances are processed within 12-48 hours.

Why is BookMyForex the Best Platform for International Money Transfers?

BookMyForex offers one of the best remittance services in India. You can easily send money to your loved ones abroad at the most competitive rates. Here’s why the platform is preferred by many:

1. Best Exchange Rates: BookMyForex offers the best exchange rates, ensuring you get maximum value for your money when sending funds to Bangladesh. 

2. Zero Transfer Charges: BookMyForex is one of the most affordable platforms for international money transfers to Bangladesh with zero transfer charges.

3. Safe and Secure Service: The platform ensures that you send money overseas in a secure manner. We work with India's most trusted banks to handle foreign remittance transactions.

4. Quick Transfers: Our fast transfers take just 12 to 48 hours to complete. Additionally, we enable money transfers to over 150 countries, with no hidden charges.

5. Digital Booking Process: The world is going digital, and so are we. No need to visit physical locations; you can submit and sign documents from the comfort of your home.

6. Lock-In Rates with "Book Now and Pay Later": With the “Book Now, Pay Later” option, customers can lock-in currency rates for up to 3 days by paying a refundable deposit of 2%.

7. Best Customer Support: Our dedicated customer service team is available to guide you through every step of the transfer process, ensuring a hassle-free experience.

8. Attractive Discounts for Students: Under the “BookMyForex Student Offer”, students studying in international universities can enjoy cashback rewards on foreign remittances. 

Factors to Consider When Sending Money from India to Bangladesh

1. Exchange Rate: Compare rates from different services to ensure your recipient gets the best value from your transfer.

2. Transfer Fees: Knowing the fee structure upfront helps you avoid surprises and choose the most cost-effective option.

3. Transfer Speed: Select a service that matches your urgency—get your money there quickly or save on fees with a slower transfer.

4. Service Provider: Choose a trusted provider that uses authorized banks and offers live, transparent exchange rates.

5. Regulatory Compliance: Ensure the service provider handles everything smoothly, complying with regulations in both countries.

6. Security: Opt for a platform with top-notch security features to protect your money and personal information, giving you peace of mind.

7. Tax Collected at Source (TCS): For sending money abroad, a 5% TCS applies to education and medical transfers exceeding INR 7 lakh in a fiscal year, and 20% for other types of remittances. Transfers under INR 7 lakh in a fiscal year are exempt from TCS.