Study Abroad, Simplifying Forex for Overseas Education

Sending money abroad is a major necessity for several individuals in modern times. Whether it's helping out a relative living in Spain during a crisis, parents paying tuition for their child studying in the U.S. or covering emergency travel funds for a loved one while they are abroad, international money transfer needs to be fast, cost-effective and reliable.

Thomas Cook India helps countless individuals with their international money transfer needs every day. We offer money transfer in various currencies and countries across the world, in a prompt fashion. Find out the step-by-step process of international money transfer from India via Thomas Cook and the advantages of the Thomas Cook money transfer services.

How to send money internationally with Thomas Cook?

You can use the Thomas Cook transfer money service via the official website or by visiting a local branch. Here’s how to transfer forex money to bank account of the recipient abroad:

Choose currency and amount

Select the currency type and enter the amount to be sent. Also, choose who pays the foreign bank charges, the sender or the recipient.

Provide contact details and get a quote

Enter your phone number and email ID and click on “Get Your Quote.” Get a detailed breakup of the final amount and charges, along with the delivery date.

Enter sender and recipient information

Provide the necessary details of the sender and the recipient, alongside relevant documentation.

Complete payment

Make the final payment online to confirm your money transfer abroad order.

Why choose Thomas Cook India for forex transfer?

Here’s why you should pick Thomas Cook India for forex transfer:

Reliable service

We are an authorised forex dealer that you can trust. Every Thomas Cook International money transfer transaction adheres to strict RBI guidelines and foreign remittance regulations.

Secure transactions

We guarantee the safety of every remittance. When you use Thomas Cook to send money, your funds are processed through highly encrypted, regulated channels to securely reach the desired destination.

Attractive rates

You can transfer money internationally from India at the best rates with Thomas Cook. Avail of our up-to-date  exchange rates and rate lock-in feature to ensure a favourable deal.

Customer assistance

We offer forex money transfer services via online and offline methods. You can send money abroad from India by visiting a TC local branch or through the official website. Additionally, our trained customer support executives are available to help you with any queries or grievances.

Multiple currencies

Whether you want to send money from India to Australia or send money from India to Canada, we have you covered. With Thomas Cook, conveniently send money to several locations around the globe. Select from a wide list of foreign currency options, including JPY, USD, EUR, CAD and GBP.

What is the cheapest way to send money abroad from India?

The most cost-effective way to send money abroad from India is via authorised online forex platforms, such as Thomas Cook. You can check up-to-date rates in real-time on our website and use the rate lock-in mechanism to guarantee a favourable rate.

Also, we offer competitive rates, unlike traditional banks, which charge a high markup on foreign money remittance. There are no hidden Thomas Cook money transfer charges. You get a detailed price breakup for every transaction, ensuring full transparency.

Fastest way to send money abroad from India

The fastest way to send money abroad from India can depend on the type of transfer, selected network and payment method. Thomas Cook India guarantees reliable and fast international money transfers, making it convenient for all.

Here is a comparison of forex money transfer speeds between Thomas Cook India and traditional banks:

*for major currencies

Note: Actual delivery time may vary depending on certain factors. You can verify delivery time during the booking process. 

Documents Required for International Money Transfers from India

When using Thomas Cook for international money transfer from India, you will need to upload a handful of documents, such as:

Remitter/Sender

• Original passport or official valid ID proof
• Proof of payment/source of funds
• Relationship proof between the sender and the recipient
• A signed application cum declaration form (A2)
• PAN card details
• Bank statements from the last six months
• An attested additional information form

Beneficiary/Recipient

• Copy of the passport and visa
• Bank details

Do’s and Don’ts about International Money Transfer

When sending money abroad from India, you must be aware of the basics. Here’s what to do and what to avoid during an international money transfer from India:

Do’s

Take time

If you have time on hand, do research on rates in advance. Consider booking the online money transfer when the rates are the most favourable.

Check LRS rules

Do get familiar with the Liberalised Remittance Scheme (LRS). Understand the limitations and check the purposes allowed under it.

Understand the rate

Get a clear understanding of how much you are sending and how much the recipient is receiving. Ensure the correct amount is met after the fees.

Ensure accurate details

Ensure you are sending the recipient money in their local currency. Also, carefully enter and check the sender’s and receiver’s details to ensure a smooth transaction.

Don’ts

Don’t forget to check charges

Before final payment, check the detailed price breakup to understand the extra charges. Ensure no hidden charges are being added to the bill.

Don’t ignore transaction rules

Send money abroad from India in adherence to the transfer limitations. Make sure not to ignore applicable tax implications.

Don’t skip delivery details

Make sure not to ignore the delivery date estimates. Ensure it will reach within the desired timeframe and not later.

Don’t transfer on weekends

If you need to transfer money, consider doing so before the weekend. It usually takes a few business days.

How to get the best exchange rates for your international money transfer?

To ensure the best exchange rates when sending money abroad from India, you can follow these tips:

Research rates in advance

Monitor currency exchange rates and global trends. Understand the fluctuations and try sending money abroad when the rates are in favour of the INR to ensure a better value.

Use rate lock-in mechanism

Platforms like Thomas Cook India offer a rate-lock-in mechanism, letting you lock in a favourable rate for up to 48 hours by only paying a small token amount. This helps you secure the preferred deal and saves you from rate fluctuations the next day.

Utilise online platforms

You have to cover high markups when transferring money abroad via traditional banks. Compared to that, international money transfer from India via authorised online platforms like Thomas Cook ensures real-time rates, with competitive prices and no hidden fees.

Select recipient’s local currency

When you transfer money abroad, make sure to select the recipient’s local currency to ensure better rates and avoid additional currency conversion fees.