NOW SEND MONEY TO USA FROM
THE COMFORT OF YOUR HOME

  • Send Money Abroad from India at Guaranteed LOWEST Rates
  • 24X7 Fully Online Booking Process
  • Funds received abroad within 12 - 48 hours
  • Zero Transfer Charges (use promo code: ZEROBANKFEE)
  • Freeze Rates for up to 3 Days. Book Now & Pay Later

ZERO

  • Commission
  • Loading Charges
  • Re-loading Charges

Exchange Rate:

Total:

Today's Money Transfer Rates

Comparison: BookMyForex.com vs Others

MONEY TRANSFER ABROAD BookMyForex. com Other Forex providers*
Service Charges ZERO ₹200
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

Do Money Transfer for following purpose

A Close Relative Abroad or Your Own Account
Overseas Education
Foreign Investments
Medical Institution/ Hospital
For Immigration
Booking Your Tour

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BookMyForex is Rated 4.7 out of 5 Stars by Trustpilot Based on Over 1078 Reviews Rating as of 5th Jun'24

The BookMyForex Advantage over Banks & Other Forex Vendors


Book At Live Market Rates

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.


Fastest Transfer Processing Times

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.


Fully Online Remittance Process

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.


Zero Transfer Charges

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.

How to Transfer Money in 4 easy steps

  • Step One Fill Sender’s & beneficiary’s details, money transfer purpose, requirement to confirm your eligibility.
  • Step Two Upload the required documents online
  • Step Three Transfer your funds online to book your rates
  • Step Four A digital A2 form will be generated. Our partnering bank will process your transfer post doorstep KYC and provide a SWIFT acknowledgement shortly afterward

Online Remittance - How It Works

Send Money from India to USA with BookMyForex

Transferring money from India to the USA has become incredibly easier and affordable with BookMyForex. Although international money transfers can often seem daunting, BookMyForex streamlines the process, making it both simple and cost-effective. Forget about the hassle of visiting a bank branch; with BookMyForex's intuitive online platform, you can handle everything from the comfort of your home. Simply visit our website or download the mobile app, enter the necessary details, and complete your transfer. BookMyForex guarantees full transparency in exchange rates and ensures secure transfers within 12-48 hours, making international money transfers to USA worry-free and convenient.

Exclusive Tie-Ups With Leading Banks for International Money Transfer 

Our partnerships with Yes Bank, RBL Bank, and other trusted money transfer service providers enable us to deliver a seamless experience in international money transfer services. These exclusive tie-ups ensure fast, secure, and cost-effective transfers, always prioritizing our customers' satisfaction and value for money.

Ways of Sending Money to USA from India:

You have primarily two methods to transfer money to USA:

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 option. However, 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? 

With BookMyForex, you’ll benefit from the lowest rates and the most reliable services for online money transfers to the USA. We are committed to processing your wire transfer as quickly as possible, ensuring peace of mind for you. Our user-friendly website and mobile app make it easy to place your order anytime, anywhere. To experience seamless and efficient money transfers with BookMyForex, follow these steps:

1. Order Details: Enter your city, transfer country, and the amount. 

2. Customer Details: Verify the remitter's details using an AADHAR card and PAN card.

3. Eligibility Check: Indicate the purpose of remittance and upload the documents.

4. Beneficiary Details: Fill in the beneficiary's name, address, bank details, and SWIFT code. 

5. Review Order: Check order details and submit the payment online.

After completing the above steps, a digital A2 form will be generated. Our partnering bank will process your transfer post doorstep KYC and provide a SWIFT acknowledgment shortly afterward.

Why is BookMyForex the Best Platform for International Money Transfers?

BookMyForex is regarded as India’s most trusted platform for international money transfers due to its unmatched convenience, competitive exchange rates, and transparent fee structure. Here’s why the platform is the go-to choice for hassle-free and reliable international money transfers.

1. Online Booking Option: Our platform offers 24/7 access to live rates. To book your transfer, simply visit our website or use our mobile app, and place an order online at your convenience.

2. Safe & Secure Process: We employ robust security measures to safeguard your financial transactions, giving you complete peace of mind. 

3: Fastest Method of Transfer: Once we receive the funds and documents, transfers are processed within 12 to 48 business hours.

4: Save Money on Every Money Transfer: Save between 2% and 3% on fees compared to traditional banks by booking an online remittance order through us.

5. 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%.

6. Best Customer Service Support: Our expert customer service team and forex specialists are there to guide you through the entire money transfer process.

7. Students Can Enjoy Attractive Discounts: As part of the “BookMyForex Student Offer”, we provide exclusive discounts and offers to students studying abroad. 

Factors to Consider When Sending Money from India to USA

When sending money from India to the USA, there are several important factors to consider to ensure a smooth and cost-effective transfer. Here are the key considerations:

1. Exchange Rate: The exchange rate can impact the amount of money the recipient receives. Compare the rates offered by different service providers to get the best deal.

2. Transfer Fees: Different providers charge varying fees for money transfers. It's important to understand the fee structure to avoid unexpected costs. 

3. Transfer Speed: The time it takes for the money to reach the recipient can vary. Some services offer instant transfers, while others may take several days. 

4. Service Provider: Opt for a reputable and reliable service provider. Ensure that the provider processes remittances through authorized banks and offers transparent rates.

5. Regulatory Compliance: Ensure that the transfer complies with the regulatory requirements. This includes adhering to limits on the amount that can be transferred & providing necessary documentation.

6. Security: The security of the transaction is paramount. Use service providers that offer robust security measures to protect your money and personal information.

7. Tax Collected at Source (TCS): When sending money from India to the USA, a TCS of 5% is applicable to remittances for education and medical purposes and 20% for other purposes, exceeding INR 7 lakh in a financial year under the Liberalized Remittance Scheme (LRS). However, if the total amount remitted in a financial year is below INR 7 lakh, there is no TCS applicable. 

 

Frequently Asked Questions

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

Transfer Money Abroad from India via India's Best Forex App
  • Fully online & paperless process
  • Transfer money with zero sending charges (use promo code: ZEROBANKFEE)
  • Extremely competitive forex rates
  • Super fast transfers - Funds received in 4 - 24 business hours

Download the app

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Money Transfer Resources

BookMyForex

6,50,000 + Happy Customers

India's Largest Foreign Exchange Market Place

Over USD 1.2 Billions in Forex Transactions Processed

International Remittances Processed By

RBL Bank, YES Bank, Axis Bank

Book My Forex Pvt. Ltd., a MakeMyTrip group company, is a currency exchange service provider authorised by the Reserve Bank of India (RBI). | License number : FE.DEL.FFMC/ U070/2013 | Insurance is the subject matter of solicitation | IRDAI Registration No. CA0429 | IRDAI | Cheques are subject to realization.

* Zero margin rates/ interbank rates are available only on forex cards on specific currencies, in select cities for orders amounting to Rs. 1.5 lakh or more (Use promo code: ZEROMARKUP)

** Same-day delivery is available from Monday to Friday (excluding holidays) when all payments and documents are received before 1PM.

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