NOW SEND MONEY TO UAE FROM
THE COMFORT OF YOUR HOME

  • Send Money Abroad from India at Guaranteed LOWEST Rates
  • 24X7 Fully Online Booking Process
  • Funds received abroad within 12 - 48 hours
  • Zero Transfer Charges (use promo code: ZEROBANKFEE)
  • Freeze Rates for up to 3 Days. Book Now & Pay Later

ZERO

  • Commission
  • Loading Charges
  • Re-loading Charges

Exchange Rate:

Total:

Today's Money Transfer Rates

Comparison: BookMyForex.com vs Others

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

Do Money Transfer for following purpose

A Close Relative Abroad or Your Own Account
Overseas Education
Foreign Investments
Medical Institution/ Hospital
For Immigration
Booking Your Tour

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BookMyForex is Rated 4.7 out of 5 Stars by Trustpilot Based on Over 1078 Reviews Rating as of 5th Jun'24

The BookMyForex Advantage over Banks & Other Forex Vendors


Book At Live Market Rates

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.


Fastest Transfer Processing Times

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.


Fully Online Remittance Process

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.


Zero Transfer Charges

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.

How to Transfer Money in 4 easy steps

  • Step One Fill Sender’s & beneficiary’s details, money transfer purpose, requirement to confirm your eligibility.
  • Step Two Upload the required documents online
  • Step Three Transfer your funds online to book your rates
  • Step Four A digital A2 form will be generated. Our partnering bank will process your transfer post doorstep KYC and provide a SWIFT acknowledgement shortly afterward

Online Remittance - How It Works

Send Money from India to UAE with BookMyForex

UAE, or more specifically, Dubai is turning into the world's business center. Most of the major brands of the world have moved their bases to Dubai or have an office in Dubai. Some of the major American, European, and Indian universities have set up their campuses in Dubai. All this means a lot of money is flowing between the UAE and other countries including India. 

The majority of individuals who transfer funds from India to the UAE do so for educational purposes, while others send it for emigration. Regardless of the reason, funds transfers abroad have become increasingly common in recent years. If you're seeking a cost-effective and faster way to remit money to the UAE, you can rely on the BookMyForex platform, the most trusted forex platform in India.

Exclusive Tie-Ups With Leading Banks for International Money Transfer 

BookMyForex processes remittances exclusively through authorized banks and trusted service providers in India. We have partnered with leading Indian banks, Yes Bank and RBL Bank, alongside other reputed money transfer service providers. This partnership ensures that we offer a quick, secure, and cost-effective remittance service.

Ways of Sending Money to UAE from India:

You have primarily two ways to transfer money abroad:

1: Wire Transfers (swift transfers)

2: Demand Drafts (money orders)

What is a Wire Transfer?

If you wish to remit money online, wire transfers are generally considered the go-to method for such transfers. There are a couple of ways to do a wire transfer to UAE: you can visit your local bank directly, but if you're looking for a more economical option, you can use BookMyForex, an online forex and remittance platform. Our platform offers the best currency exchange rates available, regardless of the reason for transferring funds to the UAE.

What is a Foreign Currency Demand Draft?

Demand drafts are physical paper drafts issued in foreign currencies, and they are another affordable way to send money to the UAE. However, it's important to note that using demand drafts can be a much more time-consuming process. In contrast, a wire transfer to the UAE is significantly faster, taking only 12 to 48 hours to complete.

How to Transfer Money from India to UAE with BookMyForex?

Say “No” to bank visits and take advantage of BookMyForex’s fully online remittance process. Wire transfers from India to the UAE are super quick if you use the BookMyForex platform. All you need to do is book the order via the BookMyForex website or mobile app. Simply follow the below steps:

1. Order Details: Submit your city, the transfer country, and the amount you want to send.

2. Customer Details: Verify the remitter's details using an AADHAR card and PAN card.

3. Eligibility Check: Share the purpose of the remittance and upload the necessary documents.

4. Beneficiary Details: Submit the beneficiary's name, address, bank details, and SWIFT code.

5. Review Order: Check the order details before completing the payment online.

After you successfully finish the required steps, a digital A2 form will be generated. Your transfer will be processed by our partner bank, following doorstep KYC verification, and you will be provided with a SWIFT acknowledgment thereafter.

Why is BookMyForex the Best Platform for International Money Transfers?

The best way to send money to UAE is through BookMyForex. You do not need to worry about anything, let BookMyForex take care of your foreign remittance. Here’s why the platform is regarded as the best platform for transferring funds abroad:

1. Digital Booking Process: Conveniently transfer funds to UAE from India through our online remittance process. Simply book the order on BookMyForex's website or app and leave the rest to us.

2. Huge Savings on Every Transfer: Enjoy the best rates and zero transfer fees. In contrast, you'll likely end up paying about 2 percent more if you choose to go directly to a bank.

3. Live and Transparent Rates: Take advantage of live UAE Dirham exchange rates and even lock in your preferred rates for up to 3 days.

4. Secure and Reliable Process: Your online transaction is processed over a secure HTTPS connection and secured with the highest levels of encryption available.

5. Fastest Method of Transfer: Wire transfers through BookMyForex are a superior choice compared to demand drafts. In most cases, transfers are processed within 12 to 48 working hours.

6. Best Customer Support: Our support team is just a call/email away, and because you matter to us, we try to answer all your queries as soon as possible. 

7. Attractive Discounts for Students: Students studying abroad can avail huge discounts and exciting offers under our 'BookMyForex Student Offer'. 

Factors to Consider When Sending Money from India to UAE

1. Exchange Rate: Ensure you get the best value for your money by comparing exchange rates from different service providers.

2. Transfer Fees: Understand the fee structure in advance to avoid unexpected expenses and identify the most economical transfer option.

3. Transfer Speed: Choose a service according to your urgency; opt for a rapid transfer if time-sensitive, or a slower, less expensive option if time permits.

4. Service Provider: Select a trusted provider for money transfers overseas. Look for one that partners with authorized banks and offers transparent exchange rates.

5. Regulatory Compliance: Ensure the service complies with the regulatory norms of both countries involved, facilitating smooth transfers.

6. Security: Prioritize a platform with top-rated security features to ensure the safety of your financial and personal data.

7. Tax Collected at Source (TCS): When remitting money from India to abroad, be aware of the TCS rules. For education and medical remittances, a TCS of 5% applies, while other remittances exceeding INR 7 lakh in a fiscal year attract a TCS of 20%. Transfers under INR 7 lakh within a fiscal year are exempt from TCS.

Frequently Asked Questions

If you are doing a wire transfer from India to UAE via BookMyForex, it will take approximately 12 to 48 working hours.

Forex transactions are subject to tax collected at source (TCS) on all outward remittances since 1st October 2020. You will have to pay a service tax of 5% if the amount exceeds 7 lakh per annum when you are sending money from India to UAE. In case you are transferring educational fees out of an educational loan, the tax collected is 0.5%.

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

The LRS limit for any resident individual is $2.5 lakh or equivalent per financial year for any valid current or capital account transactions. Any remittance amount above this will need to have approval from the RBI.

Yes, there’s an option on BookMyForex which lets you freeze the currency rates. This helps you a lot when the currency markets are volatile.

If you opt for banks to transfer money to UAE, they will charge 500 to 2500 INR. At BookMyForex, The cost to transfer money from India to UAE includes a transfer fee of only Rs225 + GST. The best part is that you can get a cashback after the completion of the order if you are using a promo code at the time of payment.

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 can transfer money from India to UAE for the following purposes:

1) Payment of educational fees

2) Medical expenses of a family member 

3) Maintenance expenditure of a family member 

4) Tour expenses to a travel agent for bookings etc

5) Investment and business purposes

6) Sending money to your friends living in UAE

You will need the following documents to transfer money from India to UAE:

1) Remitter's address proof and voter ID card (can be either Aadhar card or voter ID card) along with PAN card.

2) Identification details of the beneficiary depending on the purpose of transferring money.

 

You will need to provide following details to do a wire transfer from India to UAE: 

1) Beneficiary name

2) Address with address proof

3) Bank name and account number

4) SWIFT code 

5) Routing number

Transfer Money Abroad from India via India's Best Forex App
  • Fully online & paperless process
  • Transfer money with zero sending charges (use promo code: ZEROBANKFEE)
  • Extremely competitive forex rates
  • Super fast transfers - Funds received abroad in 12 to 48 business hours

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Money Transfer Resources

BookMyForex

6,50,000 + Happy Customers

India's Largest Foreign Exchange Market Place

Over USD 1.2 Billions in Forex Transactions Processed

International Remittances Processed By

RBL Bank, YES Bank, Axis Bank Our Partners

Book My Forex Pvt. Ltd., a MakeMyTrip group company, is a currency exchange service provider authorised by the Reserve Bank of India (RBI). | License number : NDL-FFMC-0093-2023 | Insurance is the subject matter of solicitation | IRDAI Registration No. CA0429 | IRDAI | Cheques are subject to realization.

* Zero margin rates/ interbank rates are available only on forex cards on specific currencies, in select cities for orders amounting to Rs. 1.5 lakh or more (Use promo code: ZEROMARKUP)

** Same-day delivery is available from Monday to Friday (excluding holidays) when all payments and documents are received before 1PM.

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