|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
Europe is an amalgamation of 26 countries. Most of these countries are known for their lustrous landscapes, architecture, education, history, art and standard of living. A good number of Indians live, work, and study in Europe. This results in a huge flow of money being sent from India to Europe. But most of you end up paying too many charges to transfer money to Europe from India. Apart from charges, the currency exchange rates to send money to Europe from India are not usually favourable and that results in an expensive international wire transfer to Europe. However, with the emergence of BookMyForex.com, it has become easier, faster, and cheaper to transfer money to Europe from India.
Whether the purpose is to pay your studies or for the maintenance of a close relative or for emigration purpose, BookMyForex ensures that you get the best rates and your money reaches to the beneficiary in the fastest time possible when you send money online to Europe through us.
You have two ways to transfer money to Europe from India:
1: Wire Transfer Online to Europe (Swift Transfers)
2: Demand Drafts (money orders)
Wire-transfer is the easiest and best way to transfer money from India. Though wire transfer from India to Europe is 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 when you do a money transfer online to Europe 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 EUR 10 to EUR 40. You can send Euros through BookMyForex and save a lot of money because you get best rates, Zero charges and Zero Commission on your Wire Transfer to Europe
You can send money to Europe 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 draft is much cheaper than a wire-transfer online to Europe. 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 of money.
However, the problem with demand drafts is that the process takes much longer to transfer money to Europe. 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 to Europe from India on a planned basis with sufficient notice, use demand drafts. However for faster methods always do an online wire transfer from India to Europe.
According to RBI’s LRS policy update of 2017, Indians can send up to $2,50,000 or its equivalent per year per person abroad to Europe. If you want to Send Euros then your limit for a year is 214600 Euros approx. (This number can vary because of fluctuations in currency rates)
You can send money to Europe from India for the following 8 reasons:
1: Studies abroad
2: Business Trip
3: Medical Treatment Abroad
4: Maintenance of close relatives abroad
6: Going Abroad on Employment
7: Gift or Donation
8: Private Visits abroad
- Beneficiary Bank Name, Swift Code, Routing number & Correspondent Account No.
- Beneficiary Name, Address (as given in bank)
- Remitter Name, Account Number and Purpose of Transaction with KYC.
- Filled A2 Form cum declaration with signature
You need following documents to do a money transfer online to Europe :
- Original and valid passport
-Valid visa for the country of travel (except where VISA on arrival applies)
- Confirmed ticket-showing travel within 60 days of taking foreign exchange
- PAN (Form 60/61 in case PAN missing)
- Apart from this KYC of sponsoring company would be required as per RBI guidelines
—Smarter, Faster & Most Trusted Way to Transfer Money to Europe from India .
- Send Euro from India to Europe at the lowest possible rates.
- Best Rate Guarantee – Find us a BETTER RATE we’ll beat it.
- Fastest Transfers – Book your order online and have your transfer processed in the next 12 – 48 business hours.
- There are no foreign transaction fees or hidden charges.
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.