How to save money while remitting USD?
Searching for a suitable and less expensive international money transfer option from India is quite a tedious task. The United States of America has a strong economic and interpersonal relationship with India. A significant count of Indians has migrated to the US for factors like jobs, higher studies, food business, and better lifestyle opportunities. Thus, it is safe to assume remitting USD from India is one of the things that occur on a daily basis. It can be done with assistance from a bank or an online money changer like BookMyForex.
Remittance of USD is directly dependent on current, i.e. live US dollar rate today. Apart from trade and business reasons, foreign currency exchangers consider the USD Buying rate as the most preferred benchmark or point of reference while buying and selling currency from nations other than India. Any rise or fall of the US dollar rate will have a directly proportional effect to the INR/USD exchange rate.
USD remittance can be expensive especially if â€œToday US dollar rateâ€ is skyrocketing. What does one do in such case? Wait? Or maybe look for other reliable options the online vendor or bank has to offer. The prime most reason online money changers came into existence is to provide more transparency in the fee structure and margin while carrying out forex transactions. One can register on an online platform like BookMyForex to buy and sell USD or any other foreign currency at a rate, suitable to them.
Save money by buying/selling forex online
The first agenda to launch an online initiative is to offer the customers or traders a clear picture of the exchange rates. By carrying out an online transaction you can save money on interbank commission and buy/sell foreign currency at a profitable margin.
Whether you wish to send money back home in India or pay your sonâ€™s/daughterâ€™s education fees abroad, remitting USD via an online platform like BookMyForex is any day more economically viable and feasible than opting for a bank. Some of the liberalized remittance schemes as per the RBI, where an Indian national can remit foreign currency like USD includes overseas education, medical treatment, care giving to a close relative, emigration fee, employment and international visits that includes personal travel. For any of the above scenarios, BookMyForex can offer you the best rates by way of:
â— Foreign currency
â— Forex cards
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Today US Dollar Rate And Live US Dollar Rate
BookMyForex is the Foreign currency Converter company in India. We provide best currency exchange services to the customers at reasonable prices. Convert USD to INR, Euro to INR, Cad to INR and many m..