NOW
ZERO COMMISSION AND ZERO CHARGES
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 |
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 ₹4,500 crore in Forex Transactions Processed
BookMyForex.com 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 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 transfer online 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 ways to send money to Germany from India, 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 your international wire transfer from India to Germany. And it also takes 4-48 business hours to Send Money Online to Germany through BookMyForex.
You have two ways to transfer money to Germany from India :
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 should keep in mind that you can save up on a lot of charges 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 banks to know better.
With BookMyForex you get to save up on a lot of money when you do an online wire transfer from India to Germany. The Nostro charges will be there as they are levied by the beneficiary's bank.
You can also freeze and lock the currency rates if you think the Euro currency will rise.
Get amazed with BookMyForex’s fully online remittance process
It is extremely simple to perform a wire transfer from India to Germany. Your wire transfer will be handled 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 transfer from India to Germany. Simply follow these steps:
Phase 1: You must first verify whether you are qualified to an outward remittance. Mention the sender's data along with the information of the recipient. There will also be a need to list your remittance's purpose.
Phase 2: You will be asked to submit the documents after you have listed the information. Documents, such as PAN card, passport front and back page, remitter photo cum address proof, and many other documents, may be suitable for upload.
Please notice that the customer still has the option of performing this phase offline and going to the bank to sign the documents.
It is better to opt for a document pickup arrangement done considering COVID-19. The documents can also be attached on the portal itself, that would save you a great deal of time.
Stage 3: You can now easily transfer the funds to one of the partner banks of BookMyForex afterwards.
Phase 4: The rate you see on your computer will be booked and a digital A2 form will be sent to you. So that you do not have to visit the bank, you may sign it on the portal itself. The transfer process will begin with our partnering bank and submit a SWIFT acknowledgment to you.
1: If you are sending money to Germany, you can do that from the comfort of your home if you opt for BookMyForex’s fully online remittance process.
2: 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 luxury to book live forex rates.
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 believe in full transparency and 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 tracked with the status before the currency is sent from India to the receiver in Germany.
Notes:
All foreign currency transactions are subject to Service Tax. Foreign Exchange and Money Transfer
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.
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 will get an email confirmation containing the SWIFT acknowledgement after your online transfer for Germany has been approved. Once you have received the SWIFT acknowledgement, you do not need to worry about anything.
The transfer usually gets processed in 12-48 business hours. Sometimes, the beneficiary’s account takes more time to do the checking on their end which may take time but we make sure that it gets sent in the fastest time possible.
These are the details of beneficiary that you will need to transfer from India to Germany:
- 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
Note: Same documentation is required when you Send Euro via a demand draft to Germany.
Here are the following charges involved in a money transfer to Germany from India:
Goods & Services Tax (GST) - The % varies depending on the amount you wish to remit.
You need following documents to Send Money Online to Germany:
- 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 Germany 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 Liberalised Remittance Scheme policy, Indians can send up to $2,50,000 or its equivalent per year per person abroad to Germany. If you have to Send Euros then the limit is around 214600 Euros per person per year
You can definitely send foreign currency (which is Euro in this case) demand draft if you are planning to send money to Germany. You can choose this method if you are not in a hurry to send money as it may take up to 10 days for the receiver to get the funds.
There is also a risk of the demand draft being torn or getting misplaced as it is a physical piece of paper. So, you must keep that in mind as well.
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."