|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
BookMyForex.com revolutionised the remittance market in India. Earlier, you had to use the traditional way to Transfer Money From India to Germany like Banks or Money Changers which was expensive and time-consuming. Now you can do it all online from the comfort of your homes or office or even when you're returning to work. And the process is so seamless and transparent that it takes just a few clicks and your money is on its way to Germany.
Germany is one of the most advanced and modern countries in the world. Germans are known for their technological advances and higher education and that attracts a lot of Indian students and people looking for employment. German healthcare is renowned as well throughout the world. So because of all these reasons a lot of money is transferred between Germany and India. You need to be aware of the best ways to transfer money from India to Germany, a service which is fast and cost-effective. With BookMyForex.com, you can save on charges and fees as well as the rates because we guarantee best rates for international wire transfers to Germany from India. And it also takes 4-48 business hours to transfer money from India to Germany through BookMyForex.
You have two to transfer money from India to Germany:
1: Wire Transfer (Swift Transfers)
2: Demand Drafts (money orders)
Wire-transfer is the easiest and best way to transfer money from India to Germany. Though wire transfers are 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 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 money to Australia 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 wire-transfers. 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.
However, the problem with demand drafts is that the process takes much longer to transfer money. 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 from India to Germany on a planned basis with sufficient notice, use demand drafts.
According to RBI’s LRS policy Indians can send up to $2,50,000 or its equivalent per year per person abroad to Germany.
You can send money abroad from India to Germany 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:
—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 from India to Germany.
—Send Money Abroad from India to Germany 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.
—Best customer support, available 24×7 on every medium (FB/Twitter/Call/Email)
—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.