|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.
You can transfer money from India to UK from the comfort of your home or office or even while driving to or back from work with BookMyForex. We are the world's first & largest online marketplace for currency exchange and for online wire transfers from India.
Sending money from India to UK has never been easier. You can use BookMyForex to book your remittance order and send money in a jiffy. In comparison to conventional methods of money transfer, BookMyForex is a convenient and easy-to-use platform. With BookMyForex, remittances are completely digital and paperless. A money transfer with BookMyForex will cost a lot less than a transfer via a bank.
India and UK share a historic relationship and the movement of people and money between the two countries has always been consistent. A lot of Indians live and work in the United Kingdom and not only that there are thousands of Indian students who are studying in the UK. So people send money to UK from India to pay tuition fees, for maintenance of their relatives and for other purposes.
The India-UK money transfer corridor is one of the popular ones. And with BookMyForex, sending money from India to UK is easy and simple. All you need to do is visit our site and follow a few simple steps. Our forex experts will guide you through the process and ensure that transferring money is convenient and cost-effective for you.
You have two ways to transfer money from India to UK:
1: Wire Transfer Online to UK (Swift Transfers)
2: Demand Drafts (money orders)
Wire transfer is the easiest and the best way to transfer money from India to abroad. In spite of the fact that banks can facilitate wire transfers to UK, it is cheaper to use the services of online platforms like BookMyForex. These online marketplaces will get you a better rate than banks when you do a wire transfer online to UK. However, wire transfers can be expensive. 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 GBP 10 to GBP 40. With BookMyForex, there are no hidden fees when it comes to transferring money from India to UK and you only pay a minimal transfer fee. You can do a wire transfer at guaranteed best forex rates with BookMyForex.
This could be a good option if you are looking to send money to UK from India. Demand drafts are physical paper drafts issued in foreign currencies. Demand Drafts in foreign currencies are accepted at banks in the UK and can be encashed there. The process of transferring money to UK via demand drafts takes much longer than it does through wire transfer.
Wire transfers have made it relatively easy to transfer money from India to UK. The best way to send money is through BookMyForex. When you use BookMyForex website, you can send money to loved ones easily and at a competitive rate. Sending money is easy when you follow these simple steps:
Step 1: Outward remittances require you to choose your city and the country where you wish to send money, followed by the amount to send. Once you click on "Book this Order," you will be able to proceed.
Step 2: As a next step, you must validate the remitter's details via Aadhaar and PAN.
Step 3: You will then need to specify your remittance's purpose and verify your eligibility.
Step 4: A minimum set of documents, such as the remitter's photo cum address proof, must be uploaded. It can be a passport, Aadhar card, voter card, plus some other valid documents based on the remittance purpose.
Step 5: For the next step, you'll need to enter the beneficiary's details, including name, address, bank name, routing number, bank address, account number, and Swift code. The funds can now be transferred online from the remitter's savings account.
Step 6: You'll see a declaration page that you have to agree to. You have to enter the OTP sent to your mobile number and email address to confirm your consent.
Step 7: Before proceeding, make sure you have reviewed the order details. Payments can then be made using NEFT/RTGS or Net Banking.
Step 8: You will receive an Order Confirmation summary. All you need to do now is check the remittance application form sent to your registered email address and submit it to us digitally. A SWIFT acknowledgement will be sent to you once the remittance has been processed by the partner bank.
You can also transfer money to UK with BookMyForex's mobile app. The following steps will guide you through the process of transferring money using our mobile app:
Step 1: To make an international money transfer, just go to the mobile app and click International money transfer. Enter your city and the country where you're sending money, and then the amount you want to send. Click "Book this Order" to go ahead.
Step 2: The next step is to validate the remitter's details.
Step 3: You'll need to specify the purpose of your remittance and verify your eligibility next.
Step 4: Next, you'll have to upload the minimum set of documents, like the remitter's photo cum address proof. This could be a passport, Aadhar card, voter card, plus some other valid document, depending on the reason for the remittance.
Step 5: You'll then need to enter the beneficiary's details, including name, address, bank name, routing number, account number, and Swift code. The remitter can now transfer funds online.
Step 6: Choose a location to process your order
Step 7: Take a look at your order details before you proceed with the payment. Then you can pay with NEFT/RTGS or Net Banking.
Step 8: You'll get the Order Confirmation summary. The only thing you need to do now is check your email for the remittance application form and submit it to us. A SWIFT acknowledgement will be sent once the partner bank processes the remittance.
Sending money overseas is easy and secure with BookMyForex. Our app and website are encrypted to keep your data safe. Payments are handled by secure third-party payment gateways; we don't store any information on our servers. All transactions are completed by the most trusted banks in India.
The remittance service offered by BookMyForex is completely digital and paperless. Every step of the transaction can be done online - either via our intuitive website or through the app. Now you don't have to go to banks to submit documents for money transfer, you can do it from home with BookMyForex.
Transferring money to UK is super affordable with BookMyForex. We charge just INR 225 + GST on money transfer, which is way cheaper than traditional money transfers or banks would charge. Moreover, our money transfers only take 12 to 48 hours.
You can transfer money to more than 150 countries with live exchange rates at BookMyForex. The transfer of funds from India to any foreign country, including the United Kingdom, has now become much easier.
By paying a refundable deposit of 2%, users can lock particular currency rates for up to 3 days with our Book Now & Pay Later feature. This is especially useful when currency rates are volatile.
"BookMyForex Student Offer" provides students studying abroad with special discounts and offers. This will allow students to receive attractive discounts and cash back on wire transfers for their university fees.
Live and transparent transfer rates are displayed 24*7, so you can place an order at your convenience. Whenever you have a question, our support team is just a phone call or email away. A rate alert will also be sent to you when the rate you desire becomes available.
There is no doubt that wire transfers are the fastest and most secure method of transferring money from India to UK. We will process your transfer within 12 to 48 working hours after we receive the funds and documents.
1) When it comes to remittances, exchange rates play an imperative role. There is constant fluctuation in exchange rates; you might decide to make a transfer at one rate, but the actual transfer takes place at a much higher rate. Whenever you send money abroad, make sure the rates are not higher than average. It is better if you use a platform like BookMyForex that allows you to lock in your rates.
2) It is best to use a service provider that offers transparent rates and only processes remittances through authorized banks. BookMyForex charges a minimal transfer fee of Rs. 225 + GST for transfers to UK from India. The remittances are carried out only through trusted banks in India and we also offer attractive discounts on money transfers.
3) It is crucial to choose a money transfer service provider that has a reliable customer support team to guide you through the whole process of making a money transfer. We at BookMyForex are there to guide you through the money transfer process as well as help you if something happens wrong during the process.
When transferring money overseas, wire transfers are one of the fastest methods available. BookMyForex's website or app enables you to complete the wire transfer process quickly without ever having to leave the comfort of your home. Generally, it takes between 12 and 48 business hours for remittances made via wire transfer to UK to be successful.
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 carry out the transfer of large amounts of money to UK from India on BookMyForex in a hassle free manner. There’s nothing that you need to do differently be it in the case of a small amount or large amount. Just book your international money transfer order on our portal, mention the details required and we will make sure that your order gets processed within 12-48 business hours upon receipt of order confirmation.
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.
According to the new rule, a 5% TCS (Tax collected at source) will be applicable on all remittances crossing INR 7 lakh under RBI’s Liberalized Remittance Scheme (LRS). The TCS on forex transactions became effective from October 1, 2020.
One of the main things to note here is that TCS (Tax collected at source) will apply only to the amount over INR 7 lakh in a fiscal year and not on the total amount. For example, if you transfer INR 9 lakh in a financial year, TCS will apply to the extra INR 2 lakh at a rate of 5%, and hence it will draw a tax of INR 10,000.
For remittances that carry the purpose of overseas education, TCS will apply at a rate of 0.5%, only in the case if the amount remitted is originating through a loan from a financial institution. For example, let’s say that the total amount is INR 12 lacs. TCS at 0.5% will be applicable on Rs. 5,00,000 (Amount after Rs. 7 lac is taken into account) & tax collected in this case will be Rs. 2,500.
For a more detailed explanation, you can read our blog here.
BookMyForex has made the entire process of transferring money from India to UK transparent and there is no hidden fee involved at all. While most Forex providers, both online and offline, charge hefty fees, BookMyForex charges only a nominal fee of Rs. 225 + GST per transaction. A customer who uses a promo code will also receive cash back after the order has been completed.
You need the following documents to send money to UK:
1) The remitter's photo ID and address proof, which can be a valid passport, Aadhar card, voter's ID along with the PAN card
2) The beneficiary's identification document, depending on the purpose of the remittance is also required.
If you wish to wire money from India to UK, you will need to provide the beneficiary's details, including:
1) Beneficiary Bank Name, Swift Code, Routing number & Correspondent Account No.
2) Beneficiary Name, Address (as given in bank)
3) The purpose of the remittance stating the amount to be transferred
You can send money online to UK from India for the following reasons:
1) Tuition fees for university,
2) Maintenance money to close relatives abroad
3) Medical treatment for a close relative
4) Going/Relocating abroad for employment purposes
5) Gift or donation to a person or entity in a foreign country
6) Sending money to friends living there
According to RBI’s LRS policy Indians can send up to $2,50,000 or its equivalent per year per person abroad to UK. You can either Send Money Online to UK or Send Pounds through a demand draft.
Over USD 1 Billion+ in Forex Transactions Processed