|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.
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.
Outward Remittance: When You Send Money from India to a Foreign Country
Inward Remittance: When You Send Money to India from a Foreign Country
You have two methods to transfer money:
1: Wire Transfer from India to USA (Swift Transfers)
2: Demand Drafts (money orders)
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.
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.
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.
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.
BookMyForex offers super fast, digital, paperless & secure online transfer of funds via reputed banks. Transfer money abroad with BookMyForex & avoid paying overpriced transfer fees.
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.
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.
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.
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.
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.
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.
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.
As of 1 October 2020, outward foreign remittances are subject to tax collected at source (TCS). As a result, taxes have been imposed on all transactions between India and USA. If you send more than Rs.7 lakh in a financial year, there will be a 5% TCS charge.
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
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.
As per the Liberalized Remittance Scheme (LRS) limit, USD 2,50,000 or its equivalent can be remitted abroad in a financial year. RBI approval is required if the remittance amount exceeds this limit.
Yes, you can use BookMyForex mobile app to remit money to USA from India. You can place your order through the app.
It takes 12 - 48 business hours for the transaction to be successful if you are looking to remit money to America.
Using BookMyForex, you can send money from India to the USA without any hidden fees. Many Forex providers, both online and offline, charge high fees, but BookMyForex has a minimal fee of Rs. 225 + GST. The customer will also receive cash back if they use a promo code. Customers may be charged additional fees by interbank intermediaries or beneficiary banks.
You need the following documents to send Dollar to USA from India:
—Original and valid passport
—Valid visa for the country of travel (except where VISA on arrival applies)
—Confirmed ticket-showing travel within 60 days of taking foreign exchange
—PAN (Form 60/61 in case PAN missing)
—Apart from this KYC of sponsoring company would be required as per RBI guidelines
Note: To Send Dollars through Demand Draft or other methods, the documentation required is same as above.
To wire money from India to USA, you must provide the following information about the beneficiary:
1) Beneficiary Bank Name, Swift Code, Routing number & Correspondent Account No.
2) Beneficiary Name, Address (as given in bank)
3) Remitter Name, Account Number and Purpose of Transaction with KYC.
You can send money to USA for the following reasons:
1) Tuition fees for university,
2) Medical expenses of your close relatives,
3) Living expenses of your family member,
4) Payment to tour agents
5) Sending money to friends living there
6) Gift or donation
Over USD 1 Billion+ in Forex Transactions Processed