Send Money from India to UK with BookMyForex
You can transfer money from India to UK from the comfort of your home or office or even while driving to or back from work with BookMyForex. We are the world's first & largest online marketplace for currency exchange and for online wire transfers from India.
Sending money from India to UK has never been easier. You can use BookMyForex to book your remittance order and send money in a jiffy. In comparison to conventional methods of money transfer, BookMyForex is a convenient and easy-to-use platform. With BookMyForex, remittances are completely digital and paperless. A money transfer with BookMyForex will cost a lot less than a transfer via a bank.
India and UK share a historic relationship and the movement of people and money between the two countries has always been consistent. A lot of Indians live and work in the United Kingdom and not only that there are thousands of Indian students who are studying in the UK. So people send money to UK from India to pay tuition fees, for maintenance of their relatives and for other purposes.
The India-UK money transfer corridor is one of the popular ones. And with BookMyForex, sending money from India to UK is easy and simple. All you need to do is visit our site and follow a few simple steps. Our forex experts will guide you through the process and ensure that transferring money is convenient and cost-effective for you.
Modes of Sending Money to UK from India:
You have two ways to transfer money from India to UK:
1: Wire Transfer Online to UK (Swift Transfers)
2: Demand Drafts (money orders)
What is a Wire Transfer?
Wire transfer is the easiest and the best way to transfer money from India to abroad. In spite of the fact that banks can facilitate wire transfers to UK, it is cheaper to use the services of online platforms like BookMyForex. These online marketplaces will get you a better rate than banks when you do a wire transfer online to UK. However, wire transfers can be expensive. 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 GBP 10 to GBP 40. With BookMyForex, there are no hidden fees when it comes to transferring money from India to UK and you only pay a minimal transfer fee. You can do a wire transfer at guaranteed best forex rates with BookMyForex.
What is a Foreign Currency Demand Draft?
This could be a good option if you are looking to send money to UK from India. Demand drafts are physical paper drafts issued in foreign currencies. Demand Drafts in foreign currencies are accepted at banks in the UK and can be encashed there. The process of transferring money to UK via demand drafts takes much longer than it does through wire transfer.
How to Transfer Money from India to UK?
Wire transfers have made it relatively easy to transfer money from India to UK. The best way to send money is through BookMyForex. When you use BookMyForex website, you can send money to loved ones easily and at a competitive rate. Sending money is easy when you follow these simple steps:
Step 1: Outward remittances require you to choose your city and the country where you wish to send money, followed by the amount to send. Once you click on "Book this Order," you will be able to proceed.
Step 2: As a next step, you must validate the remitter's details via Aadhaar and PAN.
Step 3: You will then need to specify your remittance's purpose and verify your eligibility.
Step 4: A minimum set of documents, such as the remitter's photo cum address proof, must be uploaded. It can be a passport, Aadhar card, voter card, plus some other valid documents based on the remittance purpose.
Step 5: For the next step, you'll need to enter the beneficiary's details, including name, address, bank name, routing number, bank address, account number, and Swift code. The funds can now be transferred online from the remitter's savings account.
Step 6: You'll see a declaration page that you have to agree to. You have to enter the OTP sent to your mobile number and email address to confirm your consent.
Step 7: Before proceeding, make sure you have reviewed the order details. Payments can then be made using NEFT/RTGS or Net Banking.
Step 8: You will receive an Order Confirmation summary. All you need to do now is check the remittance application form sent to your registered email address and submit it to us digitally. A SWIFT acknowledgement will be sent to you once the remittance has been processed by the partner bank.
You can also transfer money to UK with BookMyForex's mobile app. The following steps will guide you through the process of transferring money using our mobile app:
Step 1: To make an international money transfer, just go to the mobile app and click International money transfer. Enter your city and the country where you're sending money, and then the amount you want to send. Click "Book this Order" to go ahead.
Step 2: The next step is to validate the remitter's details.
Step 3: You'll need to specify the purpose of your remittance and verify your eligibility next.
Step 4: Next, you'll have to upload the minimum set of documents, like the remitter's photo cum address proof. This could be a passport, Aadhar card, voter card, plus some other valid document, depending on the reason for the remittance.
Step 5: You'll then need to enter the beneficiary's details, including name, address, bank name, routing number, account number, and Swift code. The remitter can now transfer funds online.
Step 6: Choose a location to process your order
Step 7: Take a look at your order details before you proceed with the payment. Then you can pay with NEFT/RTGS or Net Banking.
Step 8: You'll get the Order Confirmation summary. The only thing you need to do now is check your email for the remittance application form and submit it to us. A SWIFT acknowledgement will be sent once the partner bank processes the remittance.
Benefits of choosing a fully online remittance process on BookMyForex?
Safe and Secure:
Sending money overseas is easy and secure with BookMyForex. Our app and website are encrypted to keep your data safe. Payments are handled by secure third-party payment gateways; we don't store any information on our servers. All transactions are completed by the most trusted banks in India.
Digital & Paperless Process:
The remittance service offered by BookMyForex is completely digital and paperless. Every step of the transaction can be done online - either via our intuitive website or through the app. Now you don't have to go to banks to submit documents for money transfer, you can do it from home with BookMyForex.
Transparent and Affordable Fees:
Transferring money to UK is super affordable with BookMyForex. We charge just INR 225 + GST on money transfer, which is way cheaper than traditional money transfers or banks would charge. Moreover, our money transfers only take 12 to 48 hours.
Transfer Money to 150+ Countries:
You can transfer money to more than 150 countries with live exchange rates at BookMyForex. The transfer of funds from India to any foreign country, including the United Kingdom, has now become much easier.
Book Now Pay Later Option:
By paying a refundable deposit of 2%, users can lock particular currency rates for up to 3 days with our Book Now & Pay Later feature. This is especially useful when currency rates are volatile.
Attractive Discounts for Students:
"BookMyForex Student Offer" provides students studying abroad with special discounts and offers. This will allow students to receive attractive discounts and cash back on wire transfers for their university fees.
24*7 Booking Option:
Live and transparent transfer rates are displayed 24*7, so you can place an order at your convenience. Whenever you have a question, our support team is just a phone call or email away. A rate alert will also be sent to you when the rate you desire becomes available.
Fastest Method of Transfer:
There is no doubt that wire transfers are the fastest and most secure method of transferring money from India to UK. We will process your transfer within 12 to 48 working hours after we receive the funds and documents.
Factors to consider when sending money from India to UK
1) When it comes to remittances, exchange rates play an imperative role. There is constant fluctuation in exchange rates; you might decide to make a transfer at one rate, but the actual transfer takes place at a much higher rate. Whenever you send money abroad, make sure the rates are not higher than average. It is better if you use a platform like BookMyForex that allows you to lock in your rates.
2) It is best to use a service provider that offers transparent rates and only processes remittances through authorized banks. BookMyForex charges a minimal transfer fee of Rs. 225 + GST for transfers to UK from India. The remittances are carried out only through trusted banks in India and we also offer attractive discounts on money transfers.
3) It is crucial to choose a money transfer service provider that has a reliable customer support team to guide you through the whole process of making a money transfer. We at BookMyForex are there to guide you through the money transfer process as well as help you if something happens wrong during the process.
