Send Money to China

China is one of India’s largest trading partners and an important destination for Indian students pursuing medical education. From Beijing and Shanghai to Guangzhou, Shenzhen, and Chengdu, thousands of Indians travel to China every year for education, business, and trade-related activities.

For many Indians, China is closely linked with affordable medical education. Universities such as Peking University, Fudan University, and Zhejiang University attract Indian medical students through MBBS programs recognised by the National Medical Commission. Along with education, India-China trade in electronics, machinery, pharmaceuticals, and textiles drives significant business-related fund flows.

These connections make sending money to China a regular requirement. Tuition fees, hostel expenses, living costs, trade payments, and business deposits often involve transfers in CNY. Even small differences in exchange rates or fees can significantly affect the final amount received.

This is why choosing a transparent and reliable platform matters when you remit money to China. BookMyForex helps you send money securely and efficiently, ensuring better exchange rates, faster processing, and complete clarity throughout the transfer process. 

Money transfers from India to China are concentrated in cities with the highest Indian student and business presence. Beijing and Shanghai receive the highest volume of remittances due to major universities, multinational offices, and strong trade connections.

Guangzhou attracts significant transfers linked to trade, manufacturing, and the Canton Fair. Shenzhen sees transfers tied to technology and electronics businesses. Chengdu and Wuhan receive remittances connected to medical students and university enrollments, while Nanjing and Hangzhou attract transfers linked to education and IT professionals. 

Top Countries for Sending Money Internationally with BookMyForex

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Accurate beneficiary details such as the recipient’s bank account number, branch details, and the bank’s SWIFT code are essential to ensure smooth processing. Most recipients use accounts with major Chinese banks like ICBC, Bank of China, China Construction Bank, or Agricultural Bank of China, making bank-to-bank transfers the preferred and most reliable method. UnionPay-linked digital banking is widely adopted across the country.

Funds sent from India are credited in CNY, allowing recipients to use the money immediately for rent, tuition fees, groceries, transport, or everyday expenses. 

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.

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