MONEY TRANSFER ABROAD | BookMyForex. com | Other Forex providers* |
---|---|---|
Service Charges | ZERO | ₹200 |
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 |
I am thrilled to share my exceptional experience with BookMyForex.com. From the moment I engaged with the platform, I was blown away by the simplicity of the interface, the step-by-step process, and the fair exchange rates. I am an early adopter of BookMyForex and have used their forex card as well as money transfer service for overseas education. Interacting with their customer support team is a true pleasure. They take the time to listen attentively to my needs, ensuring that all the transactions are completed on time and followed through till the end.
I have availed the services of BookMyForex three to four times for foreign currency remittance to my daughters in the US. Every time, I have experienced a pleasant and faster transaction. BookMyForex's customer support team has gone the extra mile, whether it be sending the A2 form to the channel partner bank or sharing the required documents with the channel partner to expedite the process. I truly appreciate their professionalism and wish them the best.
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."
BookMyForex is Rated 4.3/5 Stars by Trustpilot Based on Over 696 Reviews
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.
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.
BookMyForex processes the remittances via trusted and authorized Banks in India. We track the order & keep our users posted about the progress of their money transfer orders. We provide round the clock support until the remittance is sent from India to the beneficiary.
You can use BookMyForex to transfer money from India to Europe. As it is one of the most common methods of transferring money, you can do a wire transfer from India to Europe. Instead of doing so directly with a bank that will cost you much more it will cost you much less to let BookMyForex manage your international transaction from India to Europe.
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 transfers are one of the popular methods to transfer money overseas from India. BookMyForex, an online forex & remittance, will fetch you a better deal than what most banks would. You will end up saving your hard-earned money. When you send money to Europe from India, you must keep in mind that there are a number of charges that are attached by bank.
The bank also uses a fixed exchange rate while BookMyForex updates the rates very frequently and ends up giving you the best deal possible. With BookMyForex, you pay zero commission fee on the wire transfer from India 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 drafts are much cheaper than doing a wire-transfer from India 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 on a planned basis with sufficient notice, use demand drafts.
Take full advantage of the all-new online remittance process
A wire transfer from India to Europe is extremely easy to execute. BookMyForex will get your wire transfer processed in the fastest time possible. On BookMyForex's platform, you can book the order online and then sign the documents either online or offline.
Here's how you can wire transfer from India to Europe using BookMyForex. Just follow these steps:
Step 1: If you are entitled to an outward remittance, you must first check that. Mention the sender's information along with the receiver's details. There will also be a need to list the purpose of your remittance.
Step 2: After you have mentioned the details, you will be asked to send the documents. It may be appropriate to upload documents, such as PAN card, passport front and back page, remitter photo cum address proof, and several other documents.
Please be aware that the customer still has the option of performing this phase offline and going to the bank to sign the documents. Owing to the current COVID-19 pandemic, it is better to opt for a paper pickup arrangement. The documents can also be linked to the portal itself, which will save you a lot of time.
Step 3: You can now directly move the funds to one of BookMyForex's partner banks after that.
Step 4: The rate you see on your screen will be booked and you will be sent a digital A2 form. You can sign it on the portal itself, so that you do not have to visit the bank. Our partnering bank will begin the transfer process and send you a SWIFT acknowledgment.
1: You can send money overseas from the comfort of your home. You won't need to visit the bank for that.
2: If you put an online remittance order on BookMyForex, you will end up saving up to 2 percent . Banks would usually cost you much more than you have to pay on BookMyForex. On BookMyForex, live Euro exchange rates can also be booked.
3: So that you don't have to go through the pain of reading all the papers, we want to keep the approach simple and effective. Uploading the documents to our portal is all you need to do, and we're done. Trust us, it's so easy!
4: At BookMyForex, we treat the customer's money like our own money. BookMyForex, through trusted banks, enables remittances in India. We also follow the instructions and keep you updated with the progress before the currency is sent from India to the receiver in Europe.
Notes:
All foreign currency transactions are subject to Service Tax. Money transfer and foreign exchange services are available through Tie-up with 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.
Out of the two mentioned, wire transfers are generally considered better as they are much faster and involve a smaller number of steps in the whole process. The only thing foreign currency demand drafts hold over wire transfers is that they are comparatively cheaper than wire-transfer when you send money from India to Europe.
As per RBI guidelines, outward remittances are not permitted in high-risk countries indicated by FATF (Financial Action Task Force). The list gets updated from time to time. For more information please refer to the information available on Fatf-gafi.org
BookMyForex processes the remittances via trusted and authorized Banks in India. We track the orders and keep you posted with the progress until the remittance is sent from India to the beneficiary's account. Your online transaction on BookMyForex.com is processed over a secure HTTPS connection and secured with the highest levels of encryption available. All credit card and debit card payments on BookMyForex.com are processed through a secure and trusted payment gateway and your credit card/ debit card/ net-banking info is never stored on our servers.
You can carry out the transfer of large amounts of money to Europe from India on BookMyForex in a hassle free manner. There’s nothing that you need to do differently be it in the case of a small amount or large amount.
Yes, PAN Card number is absolutely necessary for sending money from India to Europe.
BookMyForex processes the remittances via trusted and authorized Banks in India. We track the order & keep our users posted about the progress of their money transfer orders. We provide round the clock support until the remittance is sent from India to the beneficiary.
You need the 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
- 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 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
5: Emigration
6: Going Abroad on Employment
7: Gift or Donation
8: Private Visits abroad
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)
Over USD 1.2 Billions in Forex Transactions Processed