BookMyForex in India
BookMyForex is an online broker that lets you book live currency exchange rates. The platform offers three-day rate locking and a digital A2 form that you can sign without visiting a bank. Once you’ve completed the process, you’ll receive your SWIFT acknowledgement and transfer funds. This is the easiest and quickest way to transfer money to a partner bank. If you’d rather not use a bank, you can also send your documents via post.
The company is currently available in four major cities in India – Delhi, Bangalore, Hyderabad, and Mumbai. The Gurgaon office has 33 employees and is open seven days a week. In these offices, you can buy and sell major currencies. Upon purchase, you can freeze your rates by paying an upfront fee of 2%. The frozen rates are good for three days. Compared to bank fees, BookMyForex charges a minimum of 0.6% of the total amount for each transaction.
In terms of service, BookMyForex is the only brokerage that offers a bank to bank transfer. Instead of handling the entire transaction yourself, the broker will contact qualified partner banks in India to arrange the transfer. The company doesn’t charge any fees for this service, but it does charge a small service charge for transfers from bank to branch. For transactions of more than Rs25,000, you’ll need to visit a bank branch. If you use a promo code, you can get the fee waived as well.
When it comes to making transfers, BookMyForex can handle this task for you. It has offices in India’s capital cities – Delhi, Bangalore, Hyderabad, and Mumbai. The company is currently home to 33 employees in Gurgaon. The service offers free currency transfers up to Rs 25,000. For higher amounts, you’ll need to go to a bank branch to transfer the funds to your account. For more information about booking currency exchange through a broker, please read the FAQ page on the website.
BookMyForex is an online broker that connects traders and customers in India. The company is authorized by the Reserve Bank of India and regulates its transactions. The exchange rates and transfer speeds are updated on a regular basis. If you have any questions, contact the customer service team at [email protected]. Your account will be reviewed and approved within a few hours. If you prefer a bank to a foreign currency exchange broker, it’s worth the extra few minutes.
BookMyForex works with a variety of bank partners in India to facilitate currency exchange. When you need to transfer more than Rs 25,000, BookMyForex contacts banks that are qualified to perform the transfer. These banks are the best option to make money transfers from the country. But, you must make sure to understand the terms and conditions before making any decisions. This will help you avoid losing money or not getting the currency you want. Once you have an account, you’re ready to start trading!