Send Money from India to China with BookmyForex
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.
Ways to Send Money from India to China
With BookMyForex, you can transfer money in two ways:
Wire Transfer:
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.
Demand Draft:
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.
How to transfer money from India to China?
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.
For wire transfers via the BookMyForex website, follow these steps:
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. Use any reputed online tool to find beneficiary 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.
You can also use BookMyForex's mobile app for money transfers. Listed below are the steps:
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.
Benefits of choosing a fully online remittance process on BookMyForex?
Ease of Booking Orders Online:
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.
Save Money on Every Transfer You Make:
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.
Book Now Pay Later Option:
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.
The Fastest Method of Money Transfer:
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.
24*7 Booking Option:
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.
Transfer Money to 150+ Countries:
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.
Discounts Are Available for Students:
Under our "BookMyForex Student Offer", we offer students studying abroad exclusive discounts/cashback when they transfer tuition fees via wire transfer.
The Trust That Counts:
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.
Factors to consider when sending money from India to China
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.
