Save up to 5% on Money Transfers to
EUROPE

Send Money from India to Europe with BookMyForex

A significant number of Indians live, work, and study across Europe, leading to substantial outward remittances from India. Traditionally, transferring money to Europe has been costly, with high fees and unfavorable exchange rates making international money transfers expensive. However, with BookMyForex, sending money from India to Europe has become simpler, faster, and more affordable. Our platform ensures you get competitive exchange rates and zero transfer fees, making international transfers more cost-effective than ever.

Exclusive Tie-Ups With Leading Banks for International Money Transfer 

BookMyForex has forged strong partnerships with leading Indian banks, such as Yes Bank and RBL Bank, among others. This ensures that you benefit from fast, secure, and cost-effective international money transfers from India to Europe.

Ways of Sending Money to Europe from India:

You have primarily two ways to transfer money abroad:

1: Wire Transfer (swift transfers)

2: Demand Drafts (money orders)

What is a Wire Transfer?

Wire transfers are one of the popular methods to remit money overseas from India. However, when you remit money abroad, you must keep in mind that there are a number of charges that banks may charge. Additionally, banks use a fixed exchange rate, on the other hand, BookMyForex updates the rates every three seconds and offers you the best possible rate. Moreover, you pay zero transfer fees on wire transfers from India to Europe with BookMyForex.

What is a Foreign Currency Demand Draft?

You can also send money to Europe through foreign currency demand drafts. Demand Drafts are physical paper drafts, issued in a specific foreign currency. You have to pay the demand draft fee to your bank or service provider. However, the problem with demand drafts is that the process takes much longer to transfer money overseas.

How to Transfer Money from India to Europe with BookMyForex?

Transferring money abroad with BookMyForex is straightforward and efficient. 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 India’s leading platform for international money transfers, and here’s why:

1. Seamless Online Booking: Our user-friendly online process allows you to book your remittance order from the comfort of your home.

2. Transparent Live Rates: Access real-time, transparent rates available 24/7, so you can book your transfer order at your convenience.

3. Cost-Effective Services: Save up to 5% on your remittance order with BookMyForex. Avail competitive rates and zero fees for transfers abroad.

4. Lock-In Rates: Our “Book Now, Pay Later” feature lets you lock in rates for up to three days with a refundable 2% deposit.

5. Quick Transfers: Wire transfers through BookMyForex are processed swiftly, typically within 12 to 48 working hours.

6. Reliable Services: We ensure secure and hassle-free transfers by partnering with reputable banks for all transfers.

7. Special Discounts for Students: Students transferring funds for tuition fees can benefit from exclusive offers and cashback under our “BookMyForex Student Offer.”

Factors to Consider When Sending Money from India to Europe

1. Exchange Rate: Compare rates from various providers to get the best value for your money.

2. Transfer Fees: Be aware of the fee structure to avoid unexpected costs and choose the most economical option.

3. Transfer Speed: Select a service that meets your urgency, whether you need a fast transfer or a more economical option.

4. Service Provider: Choose a reputable provider that partners with authorized banks and offers transparent rates.

5. Regulatory Compliance: Ensure your provider complies with regulatory norms in both India and Europe for smooth transactions.

6. Security: Opt for a platform with robust security features to protect your financial and personal information.

7. Tax Collected at Source (TCS): Note that TCS of 5% applies to education and medical remittances, while 20% is applied to other remittances exceeding INR 7 lakh in a fiscal year. Transfers below this threshold are exempt from TCS.