You can Transfer Money From India to UK from the comforts of your home or office or even while driving to or back from work with BookMyForex.com. We are the world's first & the largest online marketplace for currency exchange and for online wire transfer from India to UK. India and UK share a historic relationship and the movement of people and money between 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 other purposes. The India-UK money transfer corridor is one of the popular ones. And with BookMyForex.com, sending money from India to UK is easy and simple. All you need to do is visit our site and follow few simple steps. Our interactive system will guide you through the process and ensure that to transfer money to UK from India is not only convenient but 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 to UK from India. Though wire transfer to UK is are actually done by banks, it is cheaper to use the services of companies 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. As 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. We, at BookMyForex.com, don't charge anything when you do an online wire transfer from India to UK. You can do a wire transfer from India to UK at guaranteed best rates with BookMyForex

What is a Foreign Currency Demand Draft?

You can send money to United Kingdom through foreign currency demand drafts. Demand Drafts are physical paper drafts, issued in a specific foreign currency instead of sending to a specific recipient. Demand draft is much cheaper than a wire-transfer to UK. You have to pay just the demand draft fee to your bank or service provider. There is no need to pay any fee to the foreign bank receiving the money. This helps you save a lot of money.

However, the problem with demand drafts is that the process takes much longer to transfer money to UK. It can take longer for the recipient to receive the money because you have to mail the demand draft physically. Once they receive it, it takes few days to en-cash the demand draft. The total number of days combined creates a large gap (maximum up to 10 days) in actually receiving the funds. So demand drafts work out better if there is no emergency to Transfer Money to UK. If you need to transfer money from India to UK on a planned basis with sufficient notice, use demand drafts.

How much money can be sent to UK from India?

According to RBI’s LRS policy Indians can send up to $2,50,000 or its equivalent per year per person abroad to UK. You can either Send Money Online to UK or Send Pounds through a demand draft

What are the purposes under which you can Transfer money from India to UK?

You can send money online to UK from India for the following 8 reasons:

1: Studies abroad

2: Business Trip

3: Medical Treatment Abroad

4: Maintenance of close relatives abroad

5: Emigration

6: Going Abroad on Employment

7: Gift or Donation

8: Private Visits abroad

What Beneficiary details do you need to transfer money to UK from India?

—Beneficiary Bank Name, Swift Code, Routing number & Correspondent Account No.

—Beneficiary Name, Address (as given in bank)

—Remitter Name, Account Number and Purpose of Transaction with KYC.

—Filled A2 Form cum declaration with signature

What is the Documentation Required to Transfer Money to UK From India?

You need following documents to Send British Pounds 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

What are the Benefits of making a Wire Transfer via Bookmyforex.com?

—Smarter, Faster & Most Trusted Way to Transfer Money to UK from India.

—Send Money to United Kingdom at the lowest possible rates.

—Send British Pounds at our Best Rate Guarantee – Find us a BETTER RATE & we’ll beat it.

—Fastest Transfers – Book your order online and have your transfer processed in the next 12 – 48 business hours.

—Best customer support, available 24×7 on every medium (FB/Twitter/Call/Email)

—There are no foreign transaction fees or hidden charges.

Notes:

All foreign currency transactions are subject to Service Tax.

Foreign Exchange and Money Transfer services are available though Tied-up Reserve Bank of India approved Authorized Dealers only. All foreign exchange transactions are subjected to AML/CFT/KYC & FEMA policies instructed by Reserve Bank of India.