Send Money from India to New Zealand with Ease

Sending money from India to New Zealand is even simpler now, thanks to wire transfers. Typically, the money sent from BookMyForex via wire transfer will be reflected in the beneficiary’s account within 12-48 working hours.

The most convenient way to transfer funds between India and New Zealand is through wire transfers. This method allows you to send money overseas within 12 to 48 working hours. Online remittance via BookMyForex's website or mobile app allows you to complete all your transactions from the comfort of your home.

From October 2020, all foreign remittances are subject to a Tax Collected at Source (TCS). Amounts until INR 7 lakhs are exempt from TCS, while amounts above 7 lakhs will be charged a 5% TCS. For education loans, only 0.5% TCS is applicable on amounts above INR 7 lakhs.

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

All outward remittances in India are subject to the upper limits set by the RBI. A resident of India cannot send more than USD 250,000 to a foreign country in a financial year, as per the LRS limit. A higher amount than this might be permitted through special permissions from authorities.

The following beneficiary details are required to transfer money from India to New Zealand:

1) Name of the Beneficiary (as stated in the bank) and address details

2) Name of Beneficiary's bank, account number, and the international code (routing number or SWIFT code, whatever is applicable)

Other Forex providers including online and offline companies charge hefty fees, but BookMyFore charges a Bank Fee of Rs. 225 + GST. If the customer uses a promo code, they'll also get cash back after the order is completed. Banks that act as intermediaries or beneficiaries may charge customers additional fees based on local or interbank arrangements

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.

Money transfers between India and New Zealand can be done for a variety of purposes:

1) Tuition fees for university,

2) Living expenses of your family member,

3) Medical treatment in a foreign hospital

4) Going/Relocating abroad for employment purposes

5) Gift or donation to a person or entity in a foreign country

6) Sending money to friends living there

7) Sending maintenance money to close relatives abroad

The following documents are needed for sending money online from India to New Zealand:

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.