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 |
I am thrilled to share my exceptional experience with BookMyForex.com. From the moment I engaged with the platform, I was blown away by the simplicity of the interface, the step-by-step process, and the fair exchange rates. I am an early adopter of BookMyForex and have used their forex card as well as money transfer service for overseas education. Interacting with their customer support team is a true pleasure. They take the time to listen attentively to my needs, ensuring that all the transactions are completed on time and followed through till the end.
I have availed the services of BookMyForex three to four times for foreign currency remittance to my daughters in the US. Every time, I have experienced a pleasant and faster transaction. BookMyForex's customer support team has gone the extra mile, whether it be sending the A2 form to the channel partner bank or sharing the required documents with the channel partner to expedite the process. I truly appreciate their professionalism and wish them the best.
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."
BookMyForex is Rated 4.3/5 Stars by Trustpilot Based on Over 696 Reviews
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.
Singapore is a very young, modern country and an international business hub. Being an important centre of business in Asia, it attracts a lot of expats from other countries as well as students who want to pursue higher education in some of the world's renowned universities like NUS and NTU, among them Indians too. So Indians transfer Singapore Dollar from India for educational reasons as well as maintenance of their close relatives in Singapore. Singapore's healthcare is also world-famous. Indians travel to Singapore to access these medical facilities and hence people send money to Singapore from India to meet their medical expenses.
You need to ensure that you get the best currency exchange rates for an international wire transfer from India and your money should get sent in the fastest time possible. With BookMyForex.com you get guaranteed best rates when you transfer money to Singapore from India and this transfer is done in 4-48 working hours. You also have the best customer support available on all social media channels as well as on call and email to guide and keep you updated on your international money transfer to Singapore.
You have two ways to Send money to Singapore from India :
1: Wire Transfer from India to Singapore (Swift Transfers)
2: Demand Drafts (money orders)
If you are planning to send money from India to Singapore, 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 Singapore. The Nostro charges will be there as they are levied by the beneficiary's bank.
You can also freeze and lock the currency rates (SGD) if you think the Singapore Dollar currency will rise.
Taking full advantage of the fully online remittance process on BookMyForex
Executing a wire transfer from India to Singapore is super easy. Your wire transfer will be processed in the fastest time possible if you do it via BookMyForex. On BookMyForex's website, you will book the order and then sign the documents either online or offline.
Step 1: First of all, you must check whether you are eligible to perform an outward remittance or not. Note down the sender's information along with the recipient's details. You will also be asked to state down the purpose of your remittance to Singapore.
Step 2: After you have mentioned the details, you will be required to send the documentation. It may be necessary to submit documents, such as PAN card, passport front and back page, remitter photo cum address proof, and several other documents.
Please note that the client also has the option of offline completing this process and returning to the bank to sign the papers.
With COVID-19 in mind, it is easier to opt for a document pickup arrangement. It is also possible to connect the documents to the portal itself, that would save you a substantial amount of time.
Step 3: You can now move the funds easily to one of BookMyForex's partner banks subsequently.
Step 4: You will be booked for the rate you see on your screen and you will be sent a digital A2 form. You will sign it on the portal itself, so that you do not have to visit the bank. Our partnering bank will begin the transfer process and send to you a SWIFT acknowledgement.
1: To send money to Singapore, we'd advise you to opt for the fully online remittance process of BookMyForex. We will tell you why - With that, you can book an international money transfer order in a jiffy by sitting on your couch.
2: You will probably have saved up to 2% if you book an online remittance order on BookMyForex. If you do this directly through the banks, they are going to charge you a lot extra. You also have the advantage of booking live SGD exchange rates on BookMyForex.
3: We want to keep the method clear and efficient so that you don't have to go through the agony of reading all the documents. All you need to do is submit the documents on our platform, and we're done. It's so quick, believe us!
4: We believe in absolute honesty at BookMyForex and treat the money of the customers as our own money. BookMyForex makes remittances possible in India through trusted banks. We also follow the instructions and keep the state checked before the currency is sent to the receiver in Singapore from India.
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.
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.
It usually takes 12-48 business hours for the money to get transferred. In case you want to know about the status of your transfer, you can simply call us at 9212219191 or drop us an email and we will get back to you at the earliest.
Yes, you will receive a SWIFT copy via email for your international money transfer order upon your order confirmation. In case you have any queries, you can simply call us at 9212219191 and we will be happy to assist you.
These are the details of beneficiary that you will need to transfer from India to Singapore:
- 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 SGD via a demand draft to Singapore
Here are the following charges involved in a money transfer to UK from India:
Please note that, in some situations, additional fees can be charged by the correspondent bank.
- 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 SGD via a demand draft to Singapore
You can send money to Singapore 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
You need following documents to Send Money To Singapore:
- 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
According to RBI’s LRS policy Indians can send up to $2,50,000 or its equivalent per year per person abroad to Singapore. If you want to Send Singapore Dollars then it is around 34200 SGD per year per person. (Note: Currency rates fluctuate so this number can change)
Over USD 1.2 Billions in Forex Transactions Processed