Products and Services

Services

BookYourForex provides foreign exchange related services such as money changing   (sale and purchase of forex products), private overseas remittances (transfer money   overseas). All of our transactions are fulfilled either through our own locations   or through branches of our partner banks.  

Apart from forex facilitation, we also offer free consultation   for anything regarding foreign exchange at our own locations.   Please contact us to take an appointment . 

Using BookYourForex, customers can buy or remit pre-paid (travel) cards, currency ,  notes, traveler's cheques, demand drafts or wire transfers all of which can either be provided   at our locations or at a partner bank branch. Orders can even be door delivered provided the   bank branch/ BookYourForex location chosen processes door delivery requests. All orders   are processed at BookYourForex rates, which are extremely competitive and better than   most banks' and money changer's rates.  

Furthermore, customers can also complete an online transaction to sell their foreign   currency at a BookYourForex/ RBL Bank location and receive Indian Rupees (INR). We   offer extremely competitive rate for currency sale as well.  

 

BookYourForex deals in the following currencies at present:

 

 

Products

Prepaid travel foreign currency cards

Prepaid travel cards are VISA/Master cards similar to credit and debit cards, but with certain additional   advantages. You can use prepaid cards at ATMs worldwide to withdraw cash and at  most businesses throughout the world. You can load these cards with the desired  amount of foreign currency at a fixed rate. Some of the key benefits of prepaid   travel cards are as follows:

  • Most recommended and safest form of carrying currency nowadays. Prepaid travel   cards are pin protected, have configurable spending limits and are fully   replaceable incase stolen or lost. 
    Usually available at better rates than currency notes (cash) and traveler's cheques. 
    Better than credit/ debit cards - With Prepaid Travel cards you avoid paying the 2%   to 5% transaction fee (Visa/ MasterCard, Issuing bank fees) that is charged when you   use your international debit/ credit card. Also unlike credit, debit cards you aren't  susceptible to variable rates as forex loaded on your prepaid card is loaded at a fixed rate. 
    Convenient - can be re-loaded anytime. 24x7 customer care service.
    Always available - unlike foreign cash and traveler's cheques, which are subject to   availability, prepaid cards can be loaded with any amount of foreign currency at any time 
    Travel cards (VISA or MasterCard) are accepted at most foreign establishments (hotels,   stores etc.) without any charge.
    Ability to withdraw cash from ATMs abroad for a small charge usually between US $1.5 to $2. 
    Comes with a free insurance cover

Foreign Currency notes (Cash)

Currency notes are regular paper cash. Although most popular, their use is declining as carrying  cash is extremely unsafe. Currency notes are totally unprotected against loss and counterfeits. Smaller amounts of currency notes should  however be carried for small and unplanned expenses.  

Traveler's Cheques (TC's)

Traveler's cheques are pre-printed fixed amount cheques that have to be signed twice, once upon   delivery and once at the time of use, to encash. Traveler's cheques have been losing popularity   and have been mostly replaced with prepaid travel cards. Although safer than currency notes,   traveler's cheques are not as safe as pre-paid travel cards and are also not accepted by most   foreign establishments. It is therefore recommended to use prepaid travel cards in place of   traveler's cheques. 

Demand Draft (DD)

Demand drafts are a very popular instrument for sending money overseas. They are issued by a bank,  where the customer holds an account, in favor of a certain beneficiary (an individual, a company   or an establishment). Demand drafts are secured payment instruments and guarantee the availability  of funds since a bank issues them. For this reason, certain establishments (such as universities etc.)  only accept DDs and not personal cheques. Demand draft transactions require the customer to enter   the beneficiary's personal details.

Wire Transfer (TT)

Wire Transfers are also a very common method of remitting money overseas. Using this method, funds   can be transferred electronically to a foreign bank account. International wire transfers are processed   using the SWIFT protocol and require the customer to enter the beneficiary's personal details and   bank details (bank name, routing number and account number). 

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