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 |
As a mom sending money to my son abroad, I was overwhelmed by transfer fees and confusing processes. Then I found BookMyForex! Their app is amazing—just four steps and my transfer was on its way. Plus, their rates are the best! I love how easy it is to send money overseas with them. Thanks for the smooth experience, BookMyForex!
I often send money to my daughter living abroad. BookMyForex caught my eye with their unbeatable forex deals. The booking process was easy, and the transaction was fast, perfectly fitting my timeframe. With their smooth app and interbank rates, BookMyForex has become my go-to platform for money transfers. Highly recommended!
I came across BookMyForex on Google and was truly impressed by their lowest exchange rates. I use their app to send money to my daughter abroad; it's super quick and convenient—just a few steps, and you're done! They offer international money transfers at interbank rates, an advantage not to be missed. Go for it, guys—you won't regret it!
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.
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 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 4.7 out of 5 Stars by Trustpilot Based on Over 1078 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.
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.
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.
You have primarily two ways to transfer money abroad:
1: Wire Transfers (swift transfers)
2: Demand Drafts (money orders)
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.
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.
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.
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'.
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.
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
Over USD 1.2 Billions in Forex Transactions Processed