If you are a frequent traveller or your work necessitates you to have homes in different parts of the world, getting an easy access to your money would certainly be your prime concern. Be it sending money to your family, paying utility bills in a different country, paying tuition fees, or just topping up your bank accounts, the reasons could be plenty. What you do need though, in these scenarios, is a tried and tested money exchanger, who can facilitate easy money transfers for you. 

Different channels for money transfer

While there are different ways to transfer money in today’s tech savvy world, finding a secure and protected channel to do so is always crucial. The next time the need arises for you to send money from India to any part of the world, simply visit http://www.bookmyforex.com/money-transfer-india.do . BookMyForex follows the necessary protocols and regulations to keep your money safe. 

Ways to transfer your money

There are two different ways to remit money from India. If you wish to choose a faster and reliable method, you can opt to send money from India via a wire transfer. But if your focus is on a cost-effective option, then a demand draft may be your best bet

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Wire transfer: BookMyForex facilitates a direct money deposit in an account of your choice, anywhere in the world, using the wire transfer option. The only details that you would need to provide would be the recipients’ bank details. BookMyForex follows the SWIFT protocol to ensure that your money is transferred in a secure channel. The beneficiary can receive the wire transfer in less than a day.

Demand draft: If a quick transfer is not your need, but an affordable option is, then opt for a foreign currency demand draft to send money from India. IF you are transferring your child’s tuition fee, this might be a better option, as most institutions prefer a proof of payment that only a demand draft can offer. 

Rates charged for money transfer

Whether you opt for a wire transfer or a demand draft to remit money from India, there is a remittance fee that is charged by the money exchanger. While most money exchangers charge as much as Rs. 1,500. BookMyForex charges a mere Rs. 200 for a money transfer. 

Wire transfer is relatively more expensive than a demand draft, as there is also a foreign correspondent fee that is charged. The foreign banks could charge anywhere between USD 10 to USD 40 to facilitate the wire transfer.

You can save futher on your order when you avail our guaranteed best live rates for currency exchange....not to forget,  our  regular discounts and flash sales!

So visit www.bookmyforex.com for more information, or call at 08130191133-36 to speak with our representative. 

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So you are a global investor and have business interests in foreign countries. You want to send a payment across to a supplier or to a partner overseas. At another time, you may be investing in a project in another country. 

In personal capacity, you may be funding the education of a student enrolled in a foreign university, or simply helping a friend residing abroad who needs some financial assistance. In each case, you would need reliable sources to send money from India to international destinations. Which is the best way to do so?

Multiple options - take your pick

RBI permits two ways to remit money from India abroad viz. wire transfers and demand drafts. Wire transfers are bank-to-bank money transfers from your Indian bank account to the recipient’s overseas account. These transfers are fast, but come at a premium fee charged by the home bank (Rs. 1200-Rs. 1500) and by the destination bank (USD 10 – USD 40). For business payments, wire transfers are usually preferred. Demand drafts issued by the home bank in the name of the beneficiary abroad, are cheaper, since there is no fees levied at the receiving end, only the fee at the sender’s side is applicable. But they can take up to 10 working days for clearance and have to be physically sent to the receiver. These are ideal for tuition fees payments.

Whom to approach?

Whilst you hunt for the ideal bank or forex dealer to send money from India, do keep online players like us at BookMyForex in mind. We allow you to remit money from India by placing your orders online, but offer you low transaction fees (merely Rs. 200), giving you a major savings right away! We will complete your wire transfers within 24 hours! And you need not have an account with any of our partnering banks (ING Vysya Bank and Axis Bank).

Buying/Selling/Remitting Forex is so simple!

When you visit us at www.bookmyforex.com, you can clinch the best rates, fed ‘live’ from the markets and displayed at our website. You can do a real-time search to compare the rates offered by a plethora of forex players and see why we have the best offer for you! Our city-wise rates and vast distribution network are available for your convenience. Our irresistible promotional offers will leave you smiling from ear to ear!

Related post:- http://bookmyforex.com/blog/send-money-transfer-from-india-points-to-know/

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The internet has made everything very fluid and easy. From networking to making sensitive financial transactions, it allows for a smooth and streamlined process behind all the necessary firewalls and security approvals. If you are looking for easy ways to send money from India to family members or friends settled abroad, then it is important to do so through a reputed money exchanger. 

A protected channel to transfer money abroad

While there may be innumerable ways to send money from India to different locations across the globe, money exchangers like BookMyForex ensure that your money is remitted via a secure and protected channel.  

You can now remit money from India by using the different features and facilities offered by BookMyForex. 

• · Rate alert – Choose to make all your remittances and other transactions at a rate that you like, by setting a ‘Rate Alert’ on the website.

• ·  Freeze a rate – Once you receive a notification that your chosen rate is available, you can freeze that particular rate for your transaction.

• ·  Better Rate Request – Check with us if a better rate can be offered.

Money remittance options

You can now remit money from India to different locations of your choice, by either opting for fast wire transfer or the cost-effective demand draft. 

• ·         Wire transfers – BookMyForex follows the SWIFT protocol to directly deposit your money in the specified overseas bank account. The only details that you will require to complete the remittance are the beneficiaries’ bank account details. This is an expedited way to send money from India. While a wire transfer is very quick (transfer happens within a day), the associated charges are somewhat steep. Apart from a remittance fee that is levied by your local bank branch (normally varies from Rs. 500 – R. 1,500, but BookMyForex charges only Rs. 200), an additional foreign correspondent fee (USD 10 to USD 40) is also applicable.
 

• ·         Demand drafts – If your beneficiary is very specific in his/her instructions that they require a proof of payment (in case of education fee, for instance) or if there is no urgency for transferring money, you can also demand drafts to send money from India. It can be physically encashed by the beneficiary on receipt and deposited in an account of his/her choice. Though this is a more time consuming process, it is definitely a more cost-effective one. All you pay is the remittance fee!

Flash sales, promotions, and added services

You can now get unlimited ATM withdrawals on your multi-currency forex cards or get lucky with the flash sale offer on our website.

For details, visit https://www.bookmyforex.com/money-transfer-india.do or call at +91-8130191133-36 to speak with a representative. 

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Mr. Subramaniam from Chennai has been visiting US off and on, since his sister lives there. For years, he has been buying USD from a money exchanger near his office. Now his old exchanger has shifted far away. Forced to move out of his comfort zone, he is now looking for an alternative foreign money exchanger in Chennai. But since there are so many options, he can’t decide which one to choose. 

What can we suggest? Well, genuine advice for once…

·         Convenience 

Buying/selling/remitting forex can be time consuming. Visiting banks/ dealers that are far, is quite exasperating. What if the dealer could come to you instead?

We, BookMyForex, offer India’s first online forex portal and let you book your order 24*7 from your home!! Our network of 2500+ locations across India, owing to our partnerships with prestigious banks (Axis Bank and ING Vysya Bank) and channel partners, ensures that you find a branch near you anywhere in India. Moreover, we even home-deliver orders free of cost!

·         Rates Offered

You will find a great variation in rates offered by various forex providers. Here’s why…. Most of them operate at flat ‘daily’ rates, which once clocked, do not change for the whole day.  In contrast, we offer ‘live’ market fed rates, which fluctuate during the day, so you can get the best deal!

That’s not all! We allow you to ‘lock-in’ your rate at the time of order booking, so you can enjoy the same rate at delivery time, even if the actual rate has changed. Even better, in case, you are waiting for a specific rate, just “Set a Rate Alert” with us and we will intimate you once it is available!

·         Transparency

Many dealers claim to offer lowest rates, yet they have no validation to prove it! We offer you a real time search for comparing rates offered by other banks and money changers, so you can select the best! We have absolutely no other hidden costs!

Mr. Subramaniam has used our advice and booked his order with us at http://www.bookmyforex.com/currency-exchange/chennai. He has also availed special discounts!! Just for a lark, he has cross-verified the rates offered by his previous exchanger. Surprised at the savings he has made, he is convinced that we are the best foreign money exchanger in Chennai …… What about you?

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