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Send Money from India to New Zealand with BookMyForex

New Zealand has emerged as the next big destination for Indians to go to, either to settle down or to study and work. And with this movement of people, there is a natural increase in people wanting to transfer money to New Zealand from India. Most people remit New Zealand dollars from India through the traditional route like banks but this can be expensive and time-consuming. BookMyForex has made it quick, easy, and affordable to send funds overseas.

Exclusive Tie-Ups With Leading Banks for International Money Transfer 

Through our partnerships with Yes Bank, RBL Bank, and other reliable money transfer service providers, we are able to deliver a seamless transfer experience. These exclusive partnerships ensure that transfers are fast, secure, and cost-effective, always prioritizing our customers' satisfaction and value.

Ways of Sending Money to New Zealand from India:

You have primarily two methods to transfer money abroad:

1: Wire Transfer (Swift Transfers)

2: Demand Drafts (Money Orders)

What is a Wire Transfer?

Wire transfer is the easiest and best way to transfer funds from India to New Zealand. BookMyForex gives you the best rates in India on your online wire transfer. Your money is reflected in the beneficiary bank account within 12-48 working hours. Not only that, the whole process of transferring funds abroad is very secure and transparent. 

What is a Foreign Currency Demand Draft?

Demand drafts are physical paper drafts issued in specific foreign currencies, serving as an alternative for wire transfers. However, it's important to note that this method is significantly more time-consuming compared to online wire transfers.

How to Transfer Money from India to New Zealand with BookMyForex? 

With the help of our mobile app or website, you can easily remit funds overseas from the comfort of your home. You can pay student fees, send money to family and friends, transfer funds for immigration or work, etc. Simply follow these steps:

1. Set Up Your Transfer: Enter the amount and select your currency to check rates and fees instantly

2. Upload Documents: Upload the necessary documents based on the purpose of your transfer 

3. Add Recipient Details: Share the beneficiary’s bank account details

4. Make Payment: Pay via UPI, net banking, or other methods. Your transfer will be processed after a quick verification

*Educational remittances are processed within 6 hours; all other remittances are processed within 12-48 hours.

Why is BookMyForex the Best Platform for International Money Transfers?

A wire transfer from India to New Zealand is super easy to carry out with BookMyForex. Your transaction will be completed as quickly and efficiently as possible. Here’s why BookMyForex is regarded as the best platform for international money transfers:

1. Say “No” to bank visits: You do not need to visit any banks or other vendors. Let BookMyForex take care of your transfer and we will make sure that it is processed as easily as possible.

2. Huge Savings: If you remit money via a bank directly, you will have to spend about 2% more than what you'd spend with us. Use BookMyForex to send funds abroad and unlock huge savings.

3. Simple & Easy Process: At BookMyForex, we like to keep the process straightforward. All you need to do is fill in the details and upload the documents on the website and that's pretty much about it.

4. Affordable And Efficient: BookMyForex is one of the most affordable money transfer platforms as we offer zero transfer charges (on promo code usage) and the best forex rates.

5. Quick Transfers: We provide the fastest money transfer service, which takes 12-48 working hours. You can quickly send funds to 150+ countries.

6. Best Customer Service Support: Our support team is just a call/email away and we try to reply to all the queries as soon as possible because you matter to us.

7. Safe & Secure Transfers: At BookMyForex, we regard the customers' money as our own money. We process remittances only through trusted banks in India.

Factors to Consider When Sending Money from India to New Zealand

1. Exchange Rate: The exchange rate affects how much funds the recipient will ultimately receive. To secure the best deal, compare the rates offered by various service providers.

2. Transfer Fees: Different providers charge different fees for online money transfers. Understanding the fee structure is crucial to avoid any unexpected costs.

3. Transfer Speed: The time required for the funds to reach the recipient can vary. While some services offer quick transfers, others might take several days.

4. Service Provider: Choose a reputable and reliable service provider. Make sure they process remittances through authorized banks and offer transparent rates.

5. Regulatory Compliance: Ensure the transfer adheres to regulatory requirements, including limits on the transferable amount and the provision of necessary documentation.

6. Security: The transaction's security is critical. Use service providers that implement robust security measures to protect your money and personal information.

7. Tax Collected at Source (TCS): When sending funds abroad, a TCS of 5% applies to remittances for education and medical purposes, and 20% for other purposes if the amount exceeds INR 7 lakh in a financial year under the Liberalized Remittance Scheme (LRS). No TCS is applicable if the total remitted amount within a financial year is below INR 7 lakh.