Save up to 5% on Money Transfers to CHINA

  • Send money from India at interbank-linked best rate
  • Same-day transfers; as fast as 6 hours*
  • Simple 5 minute digital booking process
  • Zero transfer charges (use code: ZEROBANKFEE)
  • Secure transfers abroad via partner banks & RBI authorized agencies

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

Experience the BookMyForex Advantage: Faster, Cheaper, Simpler


Best Rates, Zero Fees

Get interbank-linked best exchange rates with zero transfer fees. Save up to 5% compared to banks and other platforms.


24x7 Digital Booking

Send money to 150+ countries with our simple 5-minute online booking process, available 24/7.


Same Day Transfers

Lightning-fast international transfers! Send money abroad the same day – often in as little as 6 hours.


Trusted Banking Partners

Your money is safe. We partner with trusted banks & RBI-authorized agencies to ensure secure transfers.

How to Transfer Money in 4 easy steps

  • Set Up Your Transfer: Input the amount and pick your currency to instantly view rates and fees
  • Upload Documents: Upload the required documents based on your transfer purpose
  • Add Recipient Details: Provide the beneficiary’s bank account details
  • Make Payment: Pay easily via UPI, net banking, or other methods. Your transfer will be processed after a quick verification

Online Remittance - How It Works

Send Money from India to China with BookMyForex

As China continues to grow as a significant player in global trade and business, there’s a steady need for individuals and businesses to transfer money there. Whether you're transferring funds for educational or medical expenses, investments, or any other reasons, BookMyForex offers an efficient and cost-effective way to send funds from India to China. We offer competitive exchange rates, zero transfer fees, and a seamless online booking option to ensure your funds reaches its destination safely and swiftly.

Exclusive Tie-Ups With Leading Banks for International Money Transfer 

BookMyForex’s collaborations with top banks like Yes Bank and RBL Bank, along with other trusted money transfer service providers, ensure your money transfers are handled swiftly and securely. These partnerships help us provide an overall smooth transfer process.

Ways of Sending Money to China from India:

You have primarily two ways to transfer funds abroad:

1: Wire Transfers 

2: Demand Drafts 

What is a Wire Transfer?

Wire transfer is considered to be the best method for transferring funds overseas. It is also the fastest method of sending money abroad. With BookMyForex's online remittance process, you can complete wire transfers to China from the comfort of your own home. Moreover, the rates offered by BookMyForex for international money transfers are far better than those offered by most banks for wire transfers.

What is a Foreign Currency Demand Draft?

A demand draft is a physical paper draft issued in a specific foreign currency. It is another convenient method of sending funds abroad. However, it is vital to note that transferring money to China through demand drafts is much more time-consuming. Comparatively, wire transfers take only 12 to 48 hours.

How to Transfer Money from India to China with BookMyForex? 

Transferring funds to China is simple with BookMyForex. Here’s how you can do it:

1. Set Up Your Transfer: Enter the amount and select your currency to check rates and fees instantly

2. Upload Documents: Upload the necessary documents based on the purpose of your transfer 

3. Add Recipient Details: Share the beneficiary’s bank account details

4. Make Payment: Pay via UPI, net banking, or other methods. Your transfer will be processed after a quick verification

*Educational remittances are processed within 6 hours; all other remittances are processed within 12-48 hours.

Why is BookMyForex the Best Platform for International Money Transfers?

BookMyForex is your trusted partner for hassle-free money transfers abroad. Here’s why our platform is considered one of the best:

1. No Bank Visits Required: Avoid the hassle of visiting banks and place your order online. BookMyForex takes care of the entire remittance process, ensuring a smooth transfer experience.

2. Significant Savings: Transfer funds via BookMyForex and save up to 5% compared to traditional banks and other money transfer platforms. 

3. Easy & Straightforward Transfers: The process is designed to be user-friendly. Simply input your details and upload the necessary documents on our website or app.

4. Affordable Option: We offer some of the most competitive rates and zero transfer charges (when using promo codes), making BookMyForex a cost-effective choice.

5. Fast Transfers: Enjoy quick and prompt money transfers, typically completed within 12-48 working hours, to over 150 countries.

6. Top-Notch Customer Service: Our support team is available via call and email to assist with any queries and ensure your satisfaction.

7. Secure Transfers: We prioritize your security, hence we process foreign remittances only through trusted banks in India.

Factors to Consider When Sending Money from India to China

1. Exchange Rate: The exchange rate impacts how much funds the recipient will receive. Compare rates to get the best possible deal.

2. Transfer Fees: Different providers have different fee structures. Understanding these fees helps avoid unexpected costs. 

3. Transfer Speed: The time it takes for funds to reach the recipient can vary. Choose a service that aligns with your needs.

4. Service Provider: Opt for a reputable and trustworthy money transfer provider with transparent rates and fees.

5. Regulatory Compliance: Ensure the transfer adheres to regulatory requirements, including documentation and limits.

6. Security: Use providers with robust security measures to protect your funds and personal information.

7. Tax Collected at Source (TCS): For international transfers, a TCS of 5% applies for education and medical purposes, and 20% for other purposes if the amount exceeds INR 7 lakh in a financial year under the Liberalized Remittance Scheme (LRS). No TCS applies if the total remittance in a financial year is below INR 7 lakh.

Frequently Asked Questions

Funds can be transferred from India to China for a variety of reasons, including:

1) Tuition fees for university
2) Medical expenses for your close relatives
3) The living expenses of a family member
4) Sending money to friends living there

To wire money from India to China, you must provide the following information about the beneficiary:

 

1) Their bank name
2) Swift code
3) Routing number
4) Correspondent account number
5) Address Proof
6) The purpose of the remittance stating the amount to be transferred

 

Once you have provided these beneficiary details, only then will you be able to proceed further and complete your transaction.

You will be required to upload the following documents in order to complete the remittance process:

1) The remitter's photo ID and address proof, which can be a valid passport, Aadhar card, or voter's ID, along with the PAN card
2) The beneficiary's identification document, depending on the purpose of the remittance.

There are many Forex providers, both online and offline, who charge high fees, but BookMyForex charges a minimal fee of Rs. 225 + GST. Additionally, if the customer uses a promo code, they will receive cash back after completing the order. Intermediating banks or beneficiary banks may charge customers additional fees according to local or interbank arrangements.

Wire transfers are the fastest and safest way to transfer money to China. With BookMyForex, you will be able to transfer money quickly without ever having to leave the comfort of your own home. If you are transferring money from India to China via wire transfer, the transaction usually takes 12 to 48 working hours.

BookMyForex processes all of its online transactions over a secure HTTPS connection and uses the strongest encryption techniques to ensure the confidentiality of all information. We never store your credit card or debit card information on our servers. Payments are processed through a trusted and secure payment gateway.

As of 1 October 2020, outward foreign remittances are subject to tax collected at source (TCS). Hence, taxes are imposed on all transactions between India and China. If you send more than Rs.7 lakh in a financial year, there will be a 5% TCS charge. If you are transferring money out of an education loan for foreign education, the TCS rate is 0.5%.

Up to USD 2,50,000 or its equivalent can be remitted abroad in a financial year, as per the Liberalized Remittance Scheme (LRS) limit. If the amount of the remittance exceeds this limit, RBI approval is required.

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 abroad in 12 to 48 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 Our Partners

*Educational remittances are processed within 6 hours; all other remittances are processed within 12-48 hours.

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 : NDL-FFMC-0093-2023 | 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.

BookMyForex Pvt Ltd

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