|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.
BookMyForex has revolutionised the remittance market in India. Earlier, you had to use the traditional way to transfer money to Germany from India like Banks or Money Changers which was expensive and time-consuming. Now you can send money online to Germany from the comfort of your home or office via BookMyForex. And the process is so seamless and transparent that it takes just a few clicks and your money transfer to Germany is done.
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 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 mode to send money to Germany from India, a service which is fast and cost-effective. With BookMyForex.com, you can save on transfer charges and fees as well as rates because we guarantee the best rates for your international wire transfer. And it also takes 4-48 business hours to process your wire transfer through BookMyForex.
You have two ways to transfer money:
1: Wire Transfer Online to Germany (Swift Transfers)
2: Demand Drafts (money orders)
If you are planning to send money from India to Germany, doing a wire transfer is the best way to do so. You can save up on a lot of charges on money transfers abroad and get a better deal if you use BookMyForex & not do it directly via banks. You must also keep in mind that sometimes the beneficiary’s (receiver) bank may also apply a charge when the receiver gets the money in their bank account. You can confirm that with the receiver bank to know better.
With BookMyForex you get to save up on a lot of money when you do an online wire transfer. The Nostro charges will be there as they are levied by the beneficiary's bank. You can also freeze and lock the currency rates for up to 3 days using our Book now Pay Later Option if you think the Euro currency will rise.
We've made remittances easier than ever with our fully online remittance process. It is extremely simple to perform a wire transfer from India to Germany. Your wire transfer will be processed by BookMyForex as quickly as possible. You can book the order on BookMyForex's website and then sign the documents either online or offline.
Here's how BookMyForex helps you to wire transfers from India to Germany. Simply follow these steps on our website:
Step 1: In order to send money overseas, you will need to select your city and the country to which you wish to send money, and then enter the amount that you wish to send. You may proceed by clicking the "Book this Order" button.
Step 2: Next, you are required to validate the remitter's details via Aadhar card, OTP and PAN card.
Step 3: Following that, you have to specify the purpose of your remittance and verify your eligibility.
Step 4: Upload the minimum set of documents such as the remitter's photo cum address proof to proceed further. This can be a valid passport, Aadhar card, or voter card, plus some other valid documents based on the purpose of remittance.
Step 5: Next, the beneficiary's details should be entered including name, address, bank name, routing number, bank address, account number and Swift code. The funds can now be transferred online from the remitter’s savings bank account.
Step 6: 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: Make sure to check the order details before making the payment via NEFT/RTGS or Net Banking.
Step 8: An Order Confirmation summary will be sent to you. Now you only need to check the remittance application form sent to your registered email address and submit it to us digitally. You will be sent a SWIFT acknowledgement once the partner bank has processed the remittance.
You may also transfer money using BookMyForex's mobile app. The following steps will guide you through the process of transferring money to Germany quickly and easily through our app:
Step 1: To make an international money transfer, simply navigate to the mobile app and select the International money transfer option. Select your city, and the country to which you are transferring money, and then enter the amount you want to send. Click on "Book this Order" to proceed.
Step 2: Following that, you need to validate the remitter's details
Step 3: Next, you must specify the purpose of your remittance and verify your eligibility.
Step 4: 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: To process your order, please select your location.
Step 7: After reviewing your order details, you may proceed to make a payment via 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.
If you would like to send money to Germany, you can do so from the comfort of your own home by using BookMyForex's fully digital remittance process. Order can be placed online 24*7 through our website or mobile app.
If you book an online remittance order on BookMyForex, you will end up saving up to 2 percent. If you do this directly via banks, they will charge you much more. On BookMyForex, you also have the option to freeze or lock in live EURO exchange rates. You will also be able notified once your desired rate is available.
It is our goal to keep the process simple and effective so that you do not need to read long documents and papers. Uploading the documents to our portal is all you need to do, and we're done. Trust us, it's so easy!
It has become considerably easier to transfer funds from India to foreign countries, including Germany. With BookMyForex, you can transfer funds to 150+ countries at live exchange rates with ease.
BookMyForex is committed to full transparency and customer satisfaction. BookMyForex facilitates remittances through trusted banks only. With over 3 lac+ customers, we aim to provide unparalleled services and complete peace of mind.
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.
In addition to offering low-cost remittance services, BookMyForex is completely paperless and online. When sending money from India to Germany, however, it is important to consider the following factors:
1) To ensure smooth remittances, choose a service provider that offers transparent rates. We are proud to offer our customers live and transparent rates on money transfer abroad at BookMyForex. Remittances are only made through trusted Indian banks, so the process is very secure.
2) Money transfers to Germany are subject to transfer fees. In contrast to other platforms, BookMyForex charges a minimal fee of Rs. 225 + GST when you transfer money from India to Germany, and if you have a promo code, this fee is waived.
3) You want a service provider with excellent customer support when transferring money abroad. Should you have any inquiries, BookMyForex's customer service team is available via email, chat, or phone. In the event of any concern, you can count on us to assist you.
4) Exchange rates are another important factor to consider when you think of international money transfers. With BookMyForex, you can send money abroad to 150+ countries, including Germany, at the best exchange rates.
Taxes are imposed on all transactions between India and Germany. As of 1 October 2020, outward foreign remittances are subject to tax collected at source (TCS). 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%.
Generally, wire transfers are considered to be the best mode of transferring funds between India and Germany. It is one of the fastest methods of sending money overseas. By utilizing BookMyForex's fully online remittance service, you will be able to complete all of your transactions from the comfort of your own home. You can book an order online through our website or mobile app.
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.
Wire transfers are the fastest and safest way to transfer money to Germany. 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 Germany, the transaction usually takes 12 to 48 working hours.
Using BookMyForex, you can send money from India to Germany without having to pay any hidden fees. BookMyForex charges a minimal fee of Rs. 225 + GST, compared with many other Forex providers. Additionally, transfer charges will be waived if the customer uses a promo code. Depending on local or interbank arrangements, intermediaries or beneficiary banks may charge additional fees to customers.
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.
To wire money from India to Germany, 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.
Funds can be transferred from India to Germany 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
In accordance with the liberalized remittance scheme (LRS), USD 2,50,000 or its equivalent may be sent overseas per financial year. RBI approval is required if the remittance amount exceeds this limit.
Over USD 1 Billion+ in Forex Transactions Processed