BookMyForex
Send money abroad or buy foreign currency at competitive, transparent rates through India's first and largest online forex marketplace, regulated by the RBI.
What it helps with
- Buying foreign currencyDelivered to the door.
- A forex card for travelMulti-currency.
- Paying overseas tuitionWire transfers.
About BookMyForex
BookMyForex is an India-based online foreign-exchange and international money-transfer marketplace, founded in Gurugram in 2011. It is authorised by the Reserve Bank of India (RBI) as a currency exchange service provider, and operates as a marketplace that compares real-time rates across a network of over 5,000 partner banks and exchange companies in more than 185 Indian cities, rather than setting its own fixed rate. The company is now a MakeMyTrip group company, having been acquired in 2022, but continues to run as a distinct India-focused forex and remittance platform.
Key Features
- Rate Comparison Marketplace: Sifts through quotes from its bank and exchange-company partners in real time to surface the best available rate in your area.
- International Wire Transfers: Send money abroad for travel, education, employment, medical treatment or supporting family members, under India's Liberalised Remittance Scheme.
- Multiple Forex Products: Beyond wire transfers, order foreign currency notes, prepaid multi-currency travel cards, and demand drafts.
- Doorstep and Same-Day Delivery: Currency orders can be delivered to your door, with same-day delivery available in select cities.
How to Get Started
- Create an account on the BookMyForex website or app and complete KYC verification.
- Choose your service - international money transfer, currency notes, or a forex card - and enter your requirements.
- Compare the rates shown from BookMyForex's partner network and confirm your order.
- Complete payment and track your transfer or delivery through the app.
Before you use it
- Sign-up: Buying forex needs a PAN card and a passport with visa or ticket, under RBI rules.
- Fees: TCS is charged on foreign remittances above ₹10 lakh a year except for education and medical purposes.
Frequently Asked Questions
- Does BookMyForex work with a foreign bank card in India?
- Not reliably - a foreign card may be declined. Check the notice above, or plan to use a local payment method.
- Is BookMyForex available in English?
- Yes, BookMyForex has an English-language interface.
- Do I need a local phone number to use BookMyForex?
- No, an international phone number generally works for BookMyForex.
- Do I need local ID or residency for BookMyForex?
- Yes, BookMyForex requires local ID or residency status.
- Where can I use BookMyForex?
- iOS · Android · Web
- How much does BookMyForex cost?
- Rate shown upfront; delivery and card fees per order