Send Money Abroad with Thomas Cook

In our increasingly globalised world, sending money abroad from India has become a significantly important task. Whether it is for the purpose of travel, education, medical treatment or family maintenance, having access to a simplified, trusted and cost-efficient international money transfer option is vital. Thomas Cook India addresses this vital need with hassle-free solutions.

At Thomas Cook India, we make accessible, fast and secure international money transfer options available at your fingertips. Through our physical stores spread across major Indian cities and the official website, you can efficiently remit from India via offline or online modes.

Find more details on the advantages of Thomas Cook remittance services, necessary documentation and key money transfer tips on this page.

Why Choose Thomas Cook for International Money Transfers?

When it comes to sending money abroad from India, Thomas Cook has you covered. Discover why we’re a trusted choice for international remittances:

Accessibility

We offer a simplified user interface and online payment methods, making the process of international remittance accessible to all. Additionally, you can avail our forex remittance services online or through an offline local branch.

Transparency

With us, you get a clear breakdown of the price before final billing. You can view the exact remittance amount, along with our platform charges and applicable taxes - no hidden charges.

Real-time rates

Foreign currency exchange rates are not fixed, but constantly fluctuate. With Thomas Cook money transfer, you get live forex rates with real-time updates.

Fast delivery

Compared to traditional banks, you get faster delivery when you remit from India via Thomas Cook. For major currencies and countries, we offer delivery within 24 to 48 hours of placing the order.

Authorised transactions

Enjoy total peace of mind when you remit to India or from India via Thomas Cook. As an RBI-authorised dealer, we guarantee that every transfer is handled securely and is compliant with all RBI guidelines and international remittance regulations.

Customer assistance

Our trained customer support executives offer live guidance and assistance to users via video call and audio call modes. All your queries regarding international remittance are handled professionally and efficiently.

How to Remit money from India?

Using Thomas Cook’s international remittance service, you can easily remit from India in four easy steps. Here’s what you need to do:

Pick a currency and an amount.

Visit the “Remit from India” page by Thomas Cook and choose the destination currency. Then, enter the amount and see the real-time exchange rate alongside the INR equivalent. Select who pays the foreign bank charges, the sender or the recipient. Enter your contact information to get the quote and estimated delivery date.

Provide details

Click on “Proceed to Send,” and fill in the necessary details. This includes the reason behind the need to remit from India, and a few details of the remitter and the beneficiary, including name, DOB and address.

Upload documentation

Provide the essential document details, such as ID proof, ID number and PAN number. This is an important step, so make sure to enter the details correctly and verify them.

Pay online

Finally, head over to the “Make Payment” tab and pay for the forex remittance order via any of the available popular payment methods. After confirmation, you can collect the receipt, and you will be notified once the funds are transferred.

What Are the Documents Required to Remit from India?

To be able to send remittance from India via Thomas Cook, you will need to provide a few documents. This includes the following:

The sender/remitter

• An official valid ID proof or original passport
• Proof of source of funds/payment
• PAN Card details
• An attested declaration form (A2)
• An attested additional information form
• Proof of the relationship between the sender and the recipient
• Last six months’ bank statement details.

The recipient/beneficiary

• Bank details of the recipient.
• Recipient’s visa and passport copy.

How to get the best exchange rate while doing an international money transfer from India?

Foreign currency exchange rates are always fluctuating, and this affects international money transfer from India. To maximise value and ensure the best exchange rates when you remit money, follow these tips:

Use rate lock-in

Exchange rates are constantly changing, and to guarantee a rate you like, you can use the rate lock-in feature offered by forex platforms, like Thomas Cook India. This guarantees you a favourable rate and protects you from future fluctuations before final payment.

Transfer money in native currency

Make sure to choose the native currency of the recipient when you remit from India. This ensures you get a favourable conversion rate from the Indian forex provider and helps you avoid high markups charged by the foreign bank for conversion.

Verify price breakup

Consider authorised and trusted online dealers like Thomas Cook India for international remittance. You are guaranteed to get competitive rates, with a detailed price breakup and no hidden charges. 

Monitor live rates and trends

If possible, consider taking a few days to monitor the forex market and learn about recent trends. This will help you understand the fluctuations and identify the ideal time and rate for the international money transfer from India. 

Things to consider before you remit money from India

Here are some things you must consider before you remit money from India:

Check Liberalised Remittance Scheme

Under LRS, Indian residents can send up to 250,000 USD within a financial year. Make sure your transactions adhere to the LRS limits and rules as stated by the RBI.

Know about Tax Collected at Source

For outward forex remittance, a certain percentage of TCS is collected on the amount that exceeds the specified threshold. This is applicable as a tax credit on your Income Tax Return (ITR) filing.

Processing time

Sending money abroad is not always an instant process. It can vary depending on the currency, amount, payment mode, and time of order. So, make sure to consider the processing time before sending remittance to India or from India.

Service charges

A certain amount is charged by the provider offering the international remittance service. You must consider it as part of the financial planning, prior to finalising the order.