04842886900  |    care@extravelmoney.com  |    WhatsApp Us

 Call |  WhatsApp |  Offers  Sign Up/Login

ExTravelMoney India's biggest forex marketplace!

THE EASIEST WAY TO SEND MONEY FROM INDIA TO UK!
GET INSTANT QUOTES & BOOK ONLINE

Please enter valid amount without decimals

(approx)

  • Save minimum 5% compared to your bank.
  • Get credit in less than 3 working days.
  • Transfer money from any bank.
  • Get assistance with TCS refund.
Axis Bank & RBL Bank
  • I got to know about extravelmoney.com from a friend of mine. The transaction was really simple, fast & flawless. I was impressed with their ability to meet my need, so quickly.

    - Louis T. Cherian, Bangalore

  • Complete process was very hassle free, right from choosing of exchange rate, confirmation of order and receiving money. I am sure I wouldn`t have got this exchange rate and service quality if I directly walked in to anyone of the forex vendors

    - M Aditya Karan, Hyderabad

  • The entire experience was really smooth. I selected selected a vendor who would do door delivery. Got a quote instantly and the currency delivered in few hours. Will highly recommend this service.

    - Pradeep Govindaraju, Chennai

  • I opted for extravelmoney after doing a lot of research and visiting the banks where I have my accounts. The rates are undoubtedly the best in market and the process is absolutely hassle free.

    - Peter Anand Shah, Hyderabad

  • I have used their services twice and it was a hassle free experience. I would definitely recommend to anyone who needs forex.

    - Shiva Kumar, Bangalore

  • Highly delighted. Best exchange rates and good back up support. Overall, an awesome experience. One hundred percent recommended. Hope to deal with them again.

    - Ghouse Syed, Hyderabad

  • It came as a savior to me. The biggest challenge was to find a place nearby that would do it hassle-free at a reasonable price. Extravelmoney helped a great deal with that.

    - Swati Saxena Saxena, New Delhi

  • Extravelmoney.com is a real pain killer for someone travelling abroad for the first time. Awesome service and very very fast response.

    - Manish Kumar, Bangalore

Transfer Money from India to UK

Book Online

Compare bids from your nearest exchange houses & banks and book online

Verify KYC

Get the required KYC documents verified at home or at the nearest branch

Transfer Funds

Transfer the funds to the exchange house/bank's account as NEFT/RTGS

Get Credit!

The transfer will now be initiated and beneficiary will receive credit in 48 working hours!

Featured in

“...ExTravelMoney has tied up with forex dealers and banks. Through 4000 stores of these partners, it could access the national market....”

“...competition among the different forex providers in the platform leads to better deals for the customers...”

“...ExTravelMoney is fast becoming the single-stop point for travellers, students, and business people travelling abroad...”

ExTravelMoney Is Rated 4.8 Stars by Trustpilot Based On Over 400 Reviews

Find the Best GBP Rates at ExTravelMoney

  Marketplace Edge!

Being a marketplace for remittance services, every exchange house here tries to outbid others. They always compromise on the margins, so that they get the deal. Result, you get the best rate for British Pound available in the market!

  Zero Commission!

We charge absolutely zero commission on every transaction. No hidden charges either! Pay directly to the chosen exchange house from your bank account, get it transferred to beneficiary account in United Kingdom and receive bill for the entire amount.

  Forecast & Freeze

British Pound rates can fluctuate dramatically and even the slightest variations will have considerable impact. With Extravelmoney, you can observe, forecast and freeze the rate when it is favorable. The rate will be valid for the entire day.

How to Send Money from India to UK?

Sending money from India to UK can be done in just 4 steps.

  1. Enter the amount purpose of remittance and your location. Rates quoted by the nearest exchange houses and banks will show up on your screen instantly.
  2. Compare the quotes, choose the one of your choice and book your wire transfer online.
  3. Transfer the amount to the chosen exchange house as NEFT/RTGS. Submit the KYC documents.
  4. Yes done! Your money transfer order will be processed as soon as the amount is credited. The beneficiary will receive credit within 48 working hrs.

Modes for Outward Remittance from India to United Kingdom

What is wire transfer?

Wire Transfer (TT Transfer/SWIFT Transfer) is an electronic mode of fund transfer (through SWIFT), with which you can transfer money from your Indian Bank account to an overseas bank account. Indian Banks and RBI approved Authorized Dealers has arrangements with over 400+ major banks across the globe to receive SWIFT messages which ensures safe and secure outward remittance from India.
Account holders of any Bank in India (resident and non-resident) can do a wire transfer from India.

What is a foreign currency Demand Draft?

A Foreign Currency Demand Draft is another facility for making international money transfer for educational payments, medical fees, VISA fees or migrating to other countries etc. Demand drafts are a safe option for making international money transfer as it is made 'favouring' the beneficiary. DDs can be reissued if lost or stolen.

Main Purposes of sending money to United Kingdom

  • CAS Deposit Payment
  • Film Making
  • Maintenance of Close Relatives
  • Medical treatment abroad..etc

Beneficiary details to be shared:

Benefits of making a Wire Transfer via ExTravelMoney.com

Notes:

Frequently Asked Questions


1. How can I transfer money from Indian bank account to UK bank?

Through “Wire Transfer/Telegraphic Transfer”. This is the method used by banks and money changers in India to transfer money from an Indian bank account to a UK bank.

To find the money transfer centre in your locality offering the best exchange rates and least service fees on “Wire Transfer”, you can use extravelmoney.com.

2. How long does a bank transfer from India to the UK take?

A bank transfer from India to the UK can take up to 48 working hours. Sometime the money will be credited within 24 hours of making the transfer. Typically it’ll be completed within 2 working days.

3. What is Outward Remittance?

The act of sending money from one country to another country is called Outward Remittance. With respect to India, it is the act of sending money from India to abroad.

In India, Outward Remittance transactions are governed by the RBI under the Foreign Exchange Management Act (FEMA) and Liberalized Remittance Scheme (LRS).

4. What are the different purposes of remittance from India to the UK?
  • Private Travel to the UK

For private travel to the United Kingdom, a Resident Indian is allowed to take foreign exchange up to US$ 2,50,000 or its equivalent in GBP in a financial year from authorized dealers or fully-fledged money changers. This limit is applicable irrespective of the number of trips abroad in a financial year, as long as the total forex limit of the resident Indian falls below US$ 2,50,000. Out of this, 3, 000 USD or equivalent can be taken abroad as cash (Currency) per trip. The remaining amount can be carried in forex card and/or traveller’s cheques.

In the case of arranged tours to the UK, all tour related expenses including cost of rail/road/water transportation; cost of Euro Rail; passes/tickets, etc. outside India; and overseas hotel/lodging expenses shall be included under the LRS limit. The tour operator can collect this amount either in Indian rupees or in foreign currency from the resident traveller.

  • Study Abroad in the UK

Foreign exchange up to US$ 2,50,000 or its equivalent in British pounds is permitted by RBI for the purposes of study abroad. Amounts in excess of the limit can be released on the basis of documentary evidence of requirement like estimate received from a university in the United Kingdom.

The Scheme can be used for outward remittance in the form of a DD either in the resident individual’s own name or in the name of the beneficiary with whom he/she intends putting through the permissible transactions at the time of private visit abroad, against self-declaration of the remitter in the format prescribed.

Individuals can also open, maintain and hold foreign currency accounts with a bank in the UK for making remittances under the Scheme without prior approval of the Reserve Bank. The foreign currency accounts may be used for putting through all transactions connected with or arising from remittances eligible under this Scheme.

  • Medical treatment in the United Kingdom

A person going anywhere within the United Kingdom, either England, Wales, Scotland or Northern Ireland for medical treatment is allowed foreign exchange up to an amount of USD 2,50,000 or its equivalent per FY without insisting on an estimate from a hospital/doctor. For amount exceeding the above limit, Authorised Dealers may release foreign exchange under general permission based on the estimate from the doctor in India or hospital/ doctor in the UK or Great Britain. A person who has fallen sick after proceeding abroad may also be released foreign exchange by an Authorised Dealer (without seeking prior approval of the Reserve Bank of India) for medical treatment outside India.

  • Employment in the United Kingdom

A person going to the UK for employment can draw foreign exchange up to USD 2,50,000 per FY from an Authorised Dealer in India.

  • Emigration to the UK

A person wanting to emigrate to the UK can draw foreign exchange from AD Category I bank and AD Category II money changers up to the amount prescribed by the country of emigration or USD 250,000. Remittance in excess of this limit may be allowed only for meeting incidental expenses in the country of immigration.

  • Maintenance of close relatives in the UK

A resident Indian can send money to the UK for the maintenance expense of their close relatives up to up-to USD 2,50,000 per Financial Year (April - March) [‘relative’ as defined in Section 2(77) of the Companies Act, 2013] abroad.

  • Gift Remittance / Donation to the UK

Any resident individual may remit up to USD 2,50,000 or its equivalent in GBP in a Financial Year as a gift to a person residing in UK including NRIs and Overseas Citizen of India (OCI) or as a donation to an organization outside India.

5. What is the beneficiary bank charge in the UK?

When transferring money from India to the UK, an intermediary/beneficiary bank charge of 18 to 20 GBP may apply. This may be charged by either the intermediary bank routing the money to the UK or the bank in the UK where the beneficiary holds an account.


Find More