Send Money from India to USA with Ease

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