Send Money from India to USA with Bookmyforex
It is now extremely easy to Send Money from India to USA. Carrying out an international money transfer order may sound tricky but it’s fairly easy if it’s done right. There’s a common doubt that a lot of people have on which one’s the better option: Doing a money transfer online or visiting a branch of your own bank to do so? BookMyForex has changed all of this by bringing a revolution in the way you send money overseas. To send money to USA, you can visit our website or download our mobile app and fill in the details. We are committed to ensuring that financial transactions are transparent, and we make sure you are informed at every step of the process.
For those looking to transfer money to USA, BookMyForex platform is a great choice. BookMyForex provides you the best forex rates and you end up paying 2% less only on BookMyForex than what you will do when you visit banks yourself.
BookMyForex also makes sure that the transfers get processed within the fastest time possible. We take only 12-48 business hours to carry out the whole transfer process. At BookMyForex, we like to keep full transparency at every step so you pay what you see on the screen. BookMyForex also provides you “Book Now & Pay Later” feature with which you can lock in the US Dollar’s rates during volatile times. We have now come up with a fully online remittance process so that you don’t need to personally visit the bank. You can remit upto US 25,000 overseas from the comfort of your home.
Before we explain how to send money from India to USA, you need to know about remittance. Remittance is another term for sending money to someone either through a Bank, a money changer or through platforms like BookMyForex.
Remittance is of Two Types:
Outward Remittance: When You Send Money from India to a Foreign Country
Inward Remittance: When You Send Money to India from a Foreign Country
Ways of Sending Money to USA from India:
You have two methods to transfer money:
1: Wire Transfer from India to USA (Swift Transfers)
2: Demand Drafts (money orders)
What is a Wire Transfer?
Wire transfer or online wire transfer from India to USA is the easiest and best way to transfer money. Though online wire transfers are done by banks, it is cheaper to use online platforms like BookMyForex as 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 USD 10 to USD 40. When you send Dollar through a Wire Transfer to USA, BookMyForex does not charge anything.
What is a Foreign Currency Demand Draft?
Demand drafts are physical paper drafts issued in specific foreign currencies. Sending money from India to USA through this method is another convenient option. Nevertheless, it is essential to keep in mind that transferring money by demand draft to the United States is a much more time-consuming process. In contrast, wire transfers take only 12 to 48 business hours.
How to Transfer Money from India to USA?
With BookMyForex, you'll get the lowest rates and most reliable services for online money transfers to USA. We will do everything we can to get your wire transfer processed as quickly as possible, so you can rest assured. We have a user-friendy website that you can use to place your order, as well as a mobile application that you can download.
In order to make wire transfers via the BookMyForex website, follow these steps:
Step 1: In the first step of an outward remittance, you must select your city and the country to which you want to send money, and then enter the amount of money you wish to send. When you click the "Book this Order" button, you will be able to continue with the order.
Step 2: In the next step, you will be required to validate the remitter's details based on the AADHAR card and PAN card.
Step 3: Specifying the purpose of your remittance and verifying your eligibility are the next steps you need to take.
Step 4: The next step would be to upload the minimum set of documents such as the remitter's photo cum address proof. This can be a valid passport, AADHAR card, or voter card. Aside from this, you may also have to submit some other valid documents based on the purpose of the remittance.
Step 5: It is mandatory to enter the beneficiary's details in order for the process to proceed. These details include the beneficiary's name, address, bank name, routing number, bank address, account number, and Swift code. Following that, funds can be transferred online from the remitter’s savings bank account.
Step 6: On your screen, you will see a declaration page that must be agreed to in order to proceed. The OTP sent to your mobile number and e-mail address must be entered in order for your consent to be confirmed.
Step 7: It is imperative that you review the details of the order before proceeding. NEFT/RTGS or Net Banking can then be used to make payments.
Step 8: You will receive an Order Confirmation Summary shortly after placing your order. The only thing left to do now is to check the remittance application form that was sent to your registered email address and submit it to us digitally. After the remittance has been processed by the partner bank, you will receive a SWIFT acknowledgement.
As an alternative, you can also use BookMyForex's mobile app to make money transfers. Here are the steps you need to follow so you can transfer money easily to USA through the BookMyForex App and without any hassle at all:
Step 1: The first thing you need to do is go to the mobile app and click on International money transfer. In order to transfer money, you have to choose your city as well as the country to which you want to send money. Then you have to enter the amount you wish to transfer. Upon clicking on the button "Book this Order" you will be able to proceed to the next step.
Step 2: Next, you will need to validate the details of the remitter.
Step 3: In the third step, you are required to specify the purpose of your remittance and verify your eligibility in order to proceed.
Step 4: You will need to upload the minimum set of documents such as the remitter's photo cum address proof. Generally, a passport, an Aadhar card, or a voter's card can be used. Some other valid documents may be required, depending on the purpose of the remittance.
Step 5: After that, the beneficiary's details, including name, address, bank name, routing number, account number, and Swift code, should be entered.
Step 6: The next step is to select your location for the order to be processed.
Step 7: It is critical that you review your order details before moving forward. After this, you can choose either NEFT/RTGS or Net Banking as the method of making a payment.
Step 8: The Order Confirmation summary will be sent to you. All you need to do now is check the remittance application form sent to your registered email address and submit it to us digitally. Once the remittance is processed by the partner bank, you will receive a SWIFT acknowledgement.
Benefits of choosing a fully online remittance process on BookMyForex?
Online Booking Option
Send money abroad to 150+ countries at live exchange rates with BookMyForex. Say "No" to bank visits as we provide a 24*7 online international money transfer facility. You can view live and transparent transfer rates on our website 24*7, allowing you to place an order whenever is convenient for you.
Completely Safe & Secure Process
BookMyForex offers super fast, digital, paperless & secure online transfer of funds via reputed banks. Transfer money abroad with BookMyForex & avoid paying overpriced transfer fees.
Fastest Method of Transfer
Wire transfer via BookMyForex is the fastest method of transferring money from India to the USA. Once we receive the funds and documents, transfers are processed within 12 to 48 business hours.
Save Money on Every Money Transfer
Our team at BookMyForex will be sure to make sure that you get the best rate on wire transfers along with the most comprehensive service. Most of the time, your bank will charge you a lot more than BookMyForex does for the same transaction. If you book an online remittance order through BookMyForex, you are able to save between 2 and 3 percent on the fees you will pay to the banks.
Book Now Pay Later Option
The "Book Now and Pay Later" feature allows customers to lock in a rate for up to 3 days by paying a refundable deposit of 2%. The “Book Now Pay Later” option is especially useful when currency rates are volatile.
Money Transfer to 150+ Countries
The process of transferring money from India to other countries, such as the United States, has become substantially easier in recent times. With BookMyForex, you can easily transfer money to 150+ countries and take advantage of live and transparent exchange rates.
Best Customer Service Support
We have over 3 lac+ customers, and we aim to provide an unrivaled level of transparency, fast service, and complete peace of mind to all of our customers. We take pride in the fact that we have the best customer service support team and forex experts who will guide you through the entire money transfer process.
Students Can Enjoy Attractive Discounts
As part of the “BookMyForex Student Offer”, we provide exclusive discounts and offers to students studying abroad. Thus, students will be able to receive attractive discounts/cashback on wire transfers for their tuition fees.
Factors to consider when sending money from India to USA
You should consider the following factors when remit money to USA:
1) The best service provider is one that offers transparent rates and only processes your remittances through authorized banks. BookMyForex offers the lowest rates and attractive discounts on money transfers. We don't charge any hidden fees, and all remittances are processed through authorized banks.
2) When you transfer money from India to the USA, you will be charged a transfer fee as part of the transaction. There is a minimal transfer fee of Rs. 225 + GST for transfers from India to USA when you use BookMyForex. In addition, you will need to pay TCS (if applicable for transfers above Rs. 7 lakhs in a financial year).
3) When it comes to money transfers, you want to choose a service provider that has reliable customer service support to guide you through the process step by step. Our forex experts at BookMyForex are there to guide you through the entire money transfer process or to provide assistance if anything goes wrong during the process.
4) When transferring money, you should also take the exchange rate into account. With BookMyForex, you can send money abroad to 150+ countries including the USA at live exchange rates. Quite simply, we offer the best exchange rate for money transfers from India to the USA.
