|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 (use promo code: ZEROBANKFEE). Beneficiary's bank or intermediatory banks overseas may apply additional charges to customers as per local arrangement or inter-bank arrangements|
Hassle Free Inter country currency exchange services with best conversion rates. Very Prompt & Proactive. Got a Card delivered for my Son at my doorstep the next day morning itself. Wire Transfer services work so well in a limited period of time. Extra- Ordinary Services and Highly Recommendable.
Through the four years of my son studying abroad, I used Bookmyforex as the sole forex provider. With the best rates in India and exemplary service, I always felt I got the best of both worlds - a premium service at the best possible cost. Would recommend this highly to anyone who has forex needs.
I had heard of Book my forex through a friend of mine in 2019 when my daughter took admission in York University Toronto Canada. But I was a little reluctant back then to use the services from an unknown company. Came lockdown 2020 and I was in a complete mess as I had to deposit daughters tuition fees again and was reluctant to go to any of the banks in person. So this time I decided to use Book my forex services and it was flawless. I need not be going out of my house at all. All things went so smoothly on mobile and internet. I would recommend Book my forex for fees transfers to foreign universities and all forex requirements.
I have transferred money to my son, studying abroad, many times in the last two years, through Bookmyforex. Bookmyforex is very safe, reliable, and very fast in wire transfer. Bookmyforex is charging a very nominal exchange rate. I believe that Bookmyforex is the real HERO in wire transfer.
Recently my father had to remit some money to UK for my studies. Our regular bank, made my father visit twice personally for the remittance of my college fees, without any success. However, I discovered BookMyForex which proved to be much easy, homely comfortable, hassle-free, dedicated resolutions and prompt process. So far, my father has transacted at four occasions over the past three months for different forex services and every time we find the team to be as cordial, accommodating, prompt and dedicated as in the first place. Above all, the best rates and immediate prompts for every step in the process of remittance, so that you know the status in real-time. Excellent and dedicated customer service. I highly recommend utilizing BMF services. I am sure you won't go anywhere else afterward.
I would like to thank Bookmyforex for a quick and prompt response. Bookmyforex helped me transferring the money to the Netherlands easily without me having to visit the nearby bank for verification. They also provide the best transfer rate when compared to the other banks and services. I would strongly recommend anyone who would like to use Forex services. The services are quick, reliant, and convenient. Their customer service is exceptional, and they will guide you through the whole process. I found Bookmyforex to be the best option to perform outward remittances."
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.
Visiting the bank branch is a thing of the past now. With the launch of our fully online remittance process, you can do everything online on BookMyForex’s platform. Now send money abroad from the comfort of your home.
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.
With so much work already put into earning your money, why not consider a remittance service from BookMyForex that will simplify the money transfer process? Being the first to launch online and paperless money transfer services in India in association with trusted partner banks, BookMyForex has set the bar for innovation in the forex space.
BookMyForex is committed to bringing transparency to financial transactions, charging as little as possible, and letting you know everything upfront. We are pioneering the digital payment revolution that not only makes financial transactions easier and more convenient but also helps customers save a huge amount of money.
With the help of our mobile app or website, you can send money from India to China from the comfort of your home. You can easily pay student fees, send money to family and friends in China, transfer money overseas for immigration or work, and make many other forex transactions.
Our “Book Now, Pay Later” feature allows the customers to lock in forex rates and complete the transaction within 3 days. The support services provided by BookMyForex are also of the highest quality. Moreover, we ensure that money transfers are processed in the shortest time possible. BookMyForex enables you to transfer money from India to China within 12 to 48 working hours.
With BookMyForex, you can transfer money in two ways:
Wire transfer is considered to be a secure method of transferring funds. It is also the fastest method of sending money overseas. Wire transfers are basically electronic payments in which funds are transferred directly from one bank account to another. In the case of wire transfers, BookMyForex serves as a middleman.
With BookMyForex's fully online remittance process, you can complete all of your transactions from the comfort of your own home. It is important to know that banks charge very high fees when sending money from India to China. The rate offered by BookMyForex is better than those offered by most banks for wire transfers. In the end, you will be able to save a considerable amount of money.
A demand draft is a physical paper draft issued in a specific foreign currency. It is another convenient method of sending money. However, it is vital to note that transferring money to China through demand drafts is much more time-consuming. Comparatively, wire transfers take only 12 to 48 hours.
With BookMyForex, you will find the lowest rates and best services for wire transfers to China. You can count on us to process your wire transfer as quickly as possible. You can book the order online through our website or mobile app.
Step 1: An outward remittance requires you to choose your city, and the country to which you want to send money, and then enter the amount to send. You can proceed by clicking the "Book this Order" button.
Step 2: Following that, you are required to validate the remitter's details via Aadhar card, OTP and PAN card.
Step 3: The next step is to specify the purpose of your remittance and verify your eligibility.
Step 4: You will have to then upload the minimum set of documents such as the remitter's photo cum address proof. This can be a valid passport, Aadhar card, or voter card, plus some other valid documents based on the purpose of remittance.
Step 5: To proceed further, the beneficiary's details should be entered including name, address, bank name, routing number, bank address, account number and Swift code. Following that, the funds can now be transferred online from the remitter’s savings bank account.
Step 6: On your screen, you'll see a declaration page that you must agree to. In order to confirm your consent, you must enter the OTP sent to your mobile number and email address.
Step 7: Before proceeding, make sure you have reviewed the order details. Payments can then be made using NEFT/RTGS or Net Banking.
Step 8: You will receive an Order Confirmation summary. All you need to do now is check the remittance application form sent to your registered email address and submit it to us digitally. A SWIFT acknowledgement will be sent to you once the remittance has been processed by the partner bank.
Step 1: To make an international money transfer, simply go to the mobile app and click on International money transfer. Select your city, and the country to which you are transferring money, and then enter the amount you want to send. To proceed, click the "Book this Order" button.
Step 2: Next, you need to validate the remitter's details
Step 3: The next step is to specify the purpose of your remittance and verify your eligibility.
Step 4: Following that, you are required to upload the minimal set of documents such as the Remitter’s photo cum address proof which can either be a valid passport, Aadhar card or Voter card along with some other valid documents basis the purpose of the remittance.
Step 5: The beneficiary's details should be entered including name, address, bank name, routing number, bank address, account number and Swift code. After this, the funds can now be transferred online from the remitter’s savings bank account.
Step 6: Select your location to process your order
Step 7: Review your order details, then you can proceed to make a payment through NEFT/RTGS or Net banking.
Step 8: You will receive the Order Confirmation summary. All you need to do now is to check the Remittance Application form sent to your registered email address and submit it to us digitally. A SWIFT acknowledgement will be provided to you once the remittance has been processed by the partner bank.
With BookMyForex, sending money to China is much easier than ever before, since you can do it right from your own home as opposed to going to the bank and standing in line for hours. There is nothing complicated about the process, and all you have to do is place an order online to begin the transfer process.
We at BookMyForex will make sure that you get the lowest rate on wire transfers as well as the best services. Most of the time, your bank will charge you a lot more than BookMyForex does! Whenever you book an online remittance order through BookMyForex, you can save up to 2-3% on remittance charges.
Customers can lock rates for up to 3 days by paying a refundable deposit of 2% with the "Book Now and Pay Later" feature. The feature is a great example of our commitment to innovation and customer service. Book Now Pay Later Option is especially useful when currency rates are volatile.
Wire transfer is regarded as the fastest and most secure method of transferring money from India to China. Once we receive the funds and documents, transfers are processed within 12 to 48 working hours.
Live and transparent transfer rates are displayed 24/7, allowing you to place an order whenever it is convenient for you. Our support team is available via phone or email to answer all your questions. Additionally, you will be notified when your desired rate becomes available.
It has become considerably easier to transfer funds from India to foreign countries, including China. With BookMyForex, you can transfer funds to 150+ countries at live exchange rates with ease.
Under our "BookMyForex Student Offer", we offer students studying abroad exclusive discounts/cashback when they transfer tuition fees via wire transfer.
BookMyForex strives to provide a secure and seamless experience for its customers. Remittances are processed only through trusted and authorized banks. With over 3 lac+ customers, we aim to provide unparalleled transparency, fast services and complete peace of mind.
BookMyForex platform offers low-cost remittance services while being entirely paperless and online. The following factors, however, should be taken into account when sending money from India to China:
1. It is best to choose a service provider that offers transparent rates and processes remittances only through authorized banks. At BookMyForex, we are proud to offer our customers affordable rates on money transfers from India to China. The remittances are made only through trusted banks in India, so the process is very secure.
2. When transferring money, you will be charged a transfer fee. In order to transfer money to China via BookMyForex, you will have to pay a minimal transfer fee of Rs. 225 + GST. Moreover, in the case of transfers exceeding Rs. 7 lakhs in a financial year, you will also be required to pay TCS (if applicable).
3. When transferring money, you want a service provider with excellent customer support. You can contact the customer service team at BookMyForex via email, chat, or phone if you have any concerns. You can count on us to guide you through the entire money transfer process or to assist you in the event of a problem.
4. Another imperative factor to consider is the exchange rate. BookMyForex lets you send money abroad to 150+ countries at live exchange rates. Basically, we offer the best exchange rate for money transfers.
Funds can be transferred from India to China for a variety of reasons, including:
1) Tuition fees for university
2) Medical expenses for your close relatives
3) The living expenses of a family member
4) Sending money to friends living there
To wire money from India to China, you must provide the following information about the beneficiary:
1) Their bank name
2) Swift code
3) Routing number
4) Correspondent account number
5) Address Proof
6) The purpose of the remittance stating the amount to be transferred
Once you have provided these beneficiary details, only then will you be able to proceed further and complete your transaction.
You will be required to upload the following documents in order to complete the remittance process:
1) The remitter's photo ID and address proof, which can be a valid passport, Aadhar card, or voter's ID, along with the PAN card
2) The beneficiary's identification document, depending on the purpose of the remittance.
There are many Forex providers, both online and offline, who charge high fees, but BookMyForex charges a minimal fee of Rs. 225 + GST. Additionally, if the customer uses a promo code, they will receive cash back after completing the order. Intermediating banks or beneficiary banks may charge customers additional fees according to local or interbank arrangements.
Wire transfers are the fastest and safest way to transfer money to China. With BookMyForex, you will be able to transfer money quickly without ever having to leave the comfort of your own home. If you are transferring money from India to China via wire transfer, the transaction usually takes 12 to 48 working hours.
BookMyForex processes all of its online transactions over a secure HTTPS connection and uses the strongest encryption techniques to ensure the confidentiality of all information. We never store your credit card or debit card information on our servers. Payments are processed through a trusted and secure payment gateway.
As of 1 October 2020, outward foreign remittances are subject to tax collected at source (TCS). Hence, taxes are imposed on all transactions between India and China. If you send more than Rs.7 lakh in a financial year, there will be a 5% TCS charge. If you are transferring money out of an education loan for foreign education, the TCS rate is 0.5%.
Up to USD 2,50,000 or its equivalent can be remitted abroad in a financial year, as per the Liberalized Remittance Scheme (LRS) limit. If the amount of the remittance exceeds this limit, RBI approval is required.
Over USD 1 Billion+ in Forex Transactions Processed