|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|
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.
Book your order online and schedule a document pick up. We will pick up the documents from your home/ office at absolutely zero cost. Alternatively you can visit a bank branch to submit your documents.
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
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. All you have to do in order to send money from India to USA is visit our website and fill in the details, our Forex experts will then call you and guide you through the transfer money to US.
If you are looking to transfer money to USA then BookMyForex should be your prime destination for doing so. 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 a 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 the likes of 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 to USA from India:
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 from India to USA. Though wire transfers online are done by banks, it is cheaper to use the services of companies since like BookMyForex. These online marketplaces will get you a better rate than banks. However, wire-transfers can be expensive. 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 US, BookMyForex does not charge anything.
You can send money to USA through foreign currency demand drafts. Demand Drafts are physical paper drafts, issued in a specific foreign currency instead of sending to a specific recipient. Demand draft is much cheaper than a wire-transfer to USA. You have to pay just the demand draft fee to your bank or service provider. There is no need to pay any fee to the foreign bank receiving the money. This helps you save a lot of money.
However, the problem with demand drafts is that the process takes much longer to transfer money to US than when you Send money online to USA. It can take longer for the recipient to receive the money because you have to mail the demand draft physically. Once they receive it, it takes few days to encash the demand draft. The total number of days combined creates a large gap (maximum up to 10 days) in receiving the funds. So, demand drafts work out better if there is no emergency. If you need to transfer money from India to USA on a planned basis with sufficient notice, use demand drafts.
Enjoy the all-new online remittance process
Doing a wire transfer from India to USA is extremely easy. BookMyForex will help you take care of your wire transfer in a hassle-free manner. You can book your international transfer order online on BookMyForex’s portal and sign the documents either offline or online.
Here’s how you can wire transfer money from India to USA with BookMyForex. Just follow these steps:
Step 1: You need to first check if you are eligible to do an outward remittance. Just put the various sender’s details along with beneficiary’s details. You will also have to mention the purpose of your remittance.
Step 2: After you have mentioned the details, you will be asked to upload the documents. You will need to upload documents like PAN Card, passport front and back page, remitter photo cum address proof and several other documents.
Please note: The customer also has an option to do this process offline and go to the bank to sign the documents. Due to COVID-19 pandemic, it is better to opt for a document’s pickup arrangement. The documents can also be uploaded on the portal itself which is the easiest option of the lot.
Step 3: After that, you can now send the funds directly to one of BookMyForex’s partner banks.
Step 4: The rate that you see on the screen will be booked and you will receive a digital A2 form. You can sign that on the portal itself so that you do not have to visit the bank. Our partnering bank will start the transfer process and give you a SWIFT acknowledgement.
It usually takes 12-48 business hours for the transaction to be completed.
1: You can send money overseas (upto 25,000 USD) from the comfort of your home. You would not need to visit the bank for that.
2: If you book an online remittance order on BookMyForex, you will end up saving upto 2%. Banks would usually charge you much more than you will have to pay on BookMyForex. You can also book live forex rates.
3: We like to keep the process simple & efficient, so you would not have to go through the pain of reading all the pages. You would just have to upload the documents on our portal and that’s it.
4: At BookMyForex, we treat the customer’s money like our own money. BookMyForex processes the remittances via trusted and authorized Banks in India. We also track the orders and keep you posted with the progress until the remittance is sent from India to the beneficiary.
Please Note: All foreign currency transactions are subject to Service Tax.
Foreign Exchange and Money Transfer services are available through Tie-up with 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.
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.
There’s no limit such as minimum or maximum amount in this case. You just need to follow the LRS limit of US 250,000 per person in a financial year.
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.
These are the following charges involved when you remit money to USA from India:
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.
—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
You can send money abroad from India to USA 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
According to RBI LRS policy, you can do a wire transfer online to USA or send a demand draft of up to $2,50,000 or its equivalent per year per person.
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."