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Modes to Send Money to New Zealand from India:

You have two ways to transfer money to New Zealand from India :
1: Wire Transfer Online to New Zealand (Swift Transfers)
2: Demand Drafts (money orders)

What is a Wire Transfer?

Wire-transfer is the easiest and best way to transfer money to New Zealand from India. Though online wire transfer from India to New Zealand is 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 to Send Money Online to New Zealand 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 NZD 10 to NZD 40. But with BookMyForex, you don't have to pay anything to Send New Zealand Dollars. We don't charge any margins or commissions when you do a Money Transfer Online to New Zealand

What is a Foreign Currency Demand Draft?

You can send money to New Zealand 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 draft is much cheaper than a wire-transfer Online to New Zealand. 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 New Zealand.  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 New Zealand from India on a planned basis with sufficient notice, use demand drafts.

How much money can be sent to New Zealand from India?

According to RBI’s LRS policy, Indians can send up to $2,50,000 or its equivalent per year per person abroad to New Zealand.

What are the purposes under which you can Transfer money to New Zealand from India?

You can send money to New Zealand 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

What Beneficiary details do you need to transfer money to New Zealand from India?

- 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

What is the Documentation Required to Online Wire Transfer Money From India to New Zealand?

You need following documents to Send New Zealand Dollars:

- 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

What are the Benefits of making a Wire Transfer via Bookmyforex.com?

—Smarter, Faster & Most Trusted Way to do a Wire Transfer from India to New Zealand.

—Send Money Online to New Zealand from India at the lowest possible rates.

- Send New Zealand Dollar and get 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.

Notes:

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.