ZERO COMMISSION AND ZERO CHARGES
ZERO COMMISSION AND ZERO CHARGES
|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
Whatever your reason to transfer money from India to Canada be it for studies or for maintenance of a relative or for medical tourism, BookMyForex will make the whole transfer process easy and smooth. Not only that, whenever you send money from India to Canada, we offer you best rates, better than anyone else in the Indian forex market. Canada is a North American country stretching from the U.S. in the south to the Arctic Circle in the north. Major cities include massive Toronto, west coast film centre Vancouver, French-speaking Montréal and Québec City, and capital city Ottawa. Canada's vast swaths of wilderness include lake-filled Banff National Park in the Rocky Mountains. It's also home to Niagara Falls, a famous group of massive waterfalls.
A lot of Indians have settled in Canada and it is often referred as mini-Punjab. The flow of money between India and Canada is huge. Canada also attracts a significant number of Indian students which means a lot of the Indian students or their parents have to transfer money from India to Canada. So if you're looking for best rates, faster transfer and excellent customer support, we at BookMyForex.com will help you in transferring money.
You have two to transfer money from India to Canada: 1: Wire Transfer (Swift Transfers) 2: Demand Drafts (money orders)
Wire-transfer is the easiest and best way to transfer money from India to Canada. Though wire transfers are actually done by banks, it is cheaper to use the services of companies since like BookMyForex. These online marketplaces will get you a better rate 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 CAD 10 to CAD 40.
You can send money to Canada 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 drafts are much cheaper than wire-transfers. 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.
However, the problem with demand drafts is that the process takes much longer to transfer money. It can take longer for the recipient to receive the money 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 from India to Canada on a planned basis with sufficient notice, use demand drafts.
According to RBI’s LRS policy Indians can send up to $2,50,000 or its equivalent per year per person abroad to Canada.
You can send money abroad from India for the following 8 reasons:1: Studies abroad
—Smarter, Faster & Most Trusted Way to Transfer Money from India to Canada.—Send Money Abroad from India to Canada at the lowest possible rates.
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.