|MONEY TRANSFER ABROAD||BookMyForex. com||Other Forex providers*|
|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|
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."
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.
Over ₹4,500 crore in Forex Transactions Processed
UAE, or more specifically, Dubai is fast turning into the world's business capital. It is the Middle-East's answer to New York and from the looks of it, it is succeeding in that. Most of the major brands of the world have moved their bases to Dubai or have an office in Dubai. And some of the major ivy league and non-ivy league American, European and Indian universities have set up their campuses in Dubai. All this means a lot of money is flowing between UAE and India. Most of the people who transfer money to UAE from India do it for educational purposes. Others send money to UAE from India for emigration or visa fees as well. There are other reasons for people to Send Dirhams to UAE, whatever there reasons to Send money To UAE, this UAE-India corridor is getting popular among the money transfer community.
You use the orthodox methods to transfer money to UAE from India like banks, money changers or Western Union. They don't give value for money because the rates to Send UAE Dirham are unfavourable, it is time-consuming and there are too many charges. But now you can transfer money to UAE from India through the likes of BookMyForex at best rates in India. Not only that you don't have to pay a penny in charges or hidden fees when you send money online to UAE from India through BookMyForex. Our international wire transfer to UAE is fastest in India. It takes up to 4-48 working for the funds to reflect in the beneficiary account. So choose a faster, cost-effective way to transfer money to UAE.
BookMyForex processes the remittances via trusted and authorized Banks in India. We track the order & keep our users posted about the progress of their money transfer orders. We provide round the clock support until the remittance is sent from India to the beneficiary. Your online transaction on BookMyForex 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.
If you want to remit to UAE, BookMyForex will provide you the safest option to do so. You do not need to worry about anything, just let BookMyForex take care of your remittance to UAE from India.
You have two ways to transfer money to UAE from India:
1: Wire Transfer Online to UAE (Swift Transfers)
2: Demand Drafts (money orders)
If you wish to transfer money via an online method, wire transfers are generally considered the go-to method for such transfers. There are a couple of ways to do a wire transfer: one can be done by going to banks directly but if you want to opt for an economical way to transfer money, you can use BookMyForex which is an online forex & remittance platform. Such platforms are bound to provide you the best currency exchange rates possible for whatever reason you are transferring the money to UAE. If you do a wire transfer via banks, you may be charged somewhere between Rs. 500 to Rs. 2500 for it to go through. There are certain foreign banks which will apply a fee when the beneficiary receives the amount. The amount varies from bank to bank. It can be AED 10 and can go upto AED 40.
So, you have to be considerate about these charges before you proceed with the wire transfers and can safely decide to go with BookMyForex which will get you the best deal possible.
Taking full advantage of BookMyForex’s fully online remittance process
It is super quick to perform a wire transfer from India to UAE If you do it via BookMyForex, your wire transfer will be done as easily and efficiently as possible. You will then have to book the order on BookMyForex's website and then sign the documents either online or offline.
And here's how BookMyForex for wire transfer can be used from India to UAE. Take the following steps:
Step 1: You need to verify, first of all, whether or not you are qualified for an outward remittance. Simply list the information of the sender along with the information of the recipient. Also, you will be required to declare the purpose of your money transfer to UAE.
Step 2: You will be expected to provide the documentation after you have listed the information. Information, such as PAN card, passport front and back page, remitter photo cum address proof, and many other documents would be necessary to have.
Remember that the customer still has the option of completing this stage offline and returning to the bank to sign the documents. It is easier to choose a document pickup option with COVID-19 in mind. It is also quick to upload the documents on the website itself, saving you a lot of time.
Step 3: You can now transfer the funds easily to one of the partner banks of BookMyForex further on.
Step 4: You will be booked for the forex rate that is displayed to you on your phone. Subsequently, a digital A2 form is sent to you. On the portal itself, you will sign it so that you do not have to visit the bank. The transfer process will begin with our partnering bank and submit a SWIFT acknowledgment to you.
1. You can now conveniently transfer funds to UAE from India. As our full online remittance process will take care of your transactions, you do not need to visit any banks or other vendors. Let BookMyForex take care of your transfer and we will make sure that it is transferred into the recipient's account as quickly as possible. Simply book the order on BookMyForex's website or app and leave the rest to us.
2. You're going to have to shell out about 2 percent more than what you'd pay on BookMyForex if you go directly to a bank. We also provide you with an option to book live UAE Dirham exchange rates and even freeze the rates if necessary.
3. We like to keep the process quick and reliable at BookMyForex, so that you don't even have to worry about taking the documents to the bank yourself. What you have to do is upload the documents on our portal and that's pretty much it. It's so quick, believe us!
4. Our support team is just a call/email away, and because you matter to us, we try to answer all the queries as soon as possible. We believe in absolute honesty at BookMyForex and treat the money of the customers as our own money. The remittances are done in India through trusted banks only.
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.
The best method to transfer money from UAE to India is by using online wire transfers via BookMyForex. The transfers take 12-48 hours to be processed and you can avail certain cashbacks/offers given out by BookMyForex.
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
You can transfer as much money to the UAE as you want to. You just need to follow the LRS limit of $250,000 per person per year.
You do not need to add the beneficiary as such. At BookMyForex, we require certain details of the beneficiary which will help us in transferring the money to the concerned person.
Following are the beneficiary’s details that will be needed:
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
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.
The fees that you have to pay to transfer money to UAE from India is as follows:
Nostro Charges - (Varies from bank to bank)
Bank fee - INR 225
Goods & Services Tax (GST) - The % varies depending on the amount you wish to transfer.
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 send money to UAE from India for the following 8 reasons:
1: Studies abroad
2: Business Trip
3: Medical Treatment Abroad
4: Maintenance of close relatives abroad
6: Going Abroad on Employment
7: Gift or Donation
8: Private Visits abroad
Gifts up to USD 2000 per financial year can be sent on the basis of self-declaration, Gifts/Donations can also be sent under Liberalized Remittance Scheme (LRS) upto USD 2,50,000 in a financial year. Investment by an Indian resident individual in overseas companies would be sub-summed under the Scheme of USD 2,50,000.
Up to US$ 250,000/ equivalent for the patient going abroad for medical treatment or check-up abroad. Up to US$ 25,000/ equivalent for attendant accompanying the patient going abroad for medical treatment/check-up within overall limit of USD 250,000.
US$ 2,50,000/ equivalent per annum (as long as the limit is not consumed/ part consumed in any other purpose stated under LRS) towards tuition fees, maintenance expenses books, etc.