BookMyForex

BookMyForex: online forex marketplace with home delivery in India

BookMyForex is an Indian platform specialising in buying and selling foreign currency and sending money abroad. Its proposition focuses on offering exchange rates close to interbank rates, with zero markup, and same-day home delivery in over 65 cities across the country. The company presents itself as India's leading forex marketplace, with services covering foreign currency notes, forex cards, international transfers, and corporate solutions.

Main services

The company allows you to buy and sell over 40 currencies, with a pay-on-delivery option for currency note orders. Forex cards, both single-currency and multi-currency, are offered with no issuance, reload, unload, or ATM withdrawal fees, and with zero markup exchange rates. In addition, BookMyForex handles money transfers abroad through partner banks and agencies authorised by the Reserve Bank of India (RBI), with a digital booking process that can be completed in five minutes and same-day transfers.

The platform also covers specific needs such as funding Canadian GIC accounts and German blocked accounts, sending remittances for importers and exporters, and reloading or unloading existing forex cards. Complementary services include travel insurance, international SIM cards, and tour and activity bookings.

Forex cards and currencies

BookMyForex offers a single-currency card (focused on US dollars) that lets you spend in over 200 countries with no currency conversion fees, and a multi-currency card with the same advantages. Both are managed through a mobile app that allows instant reloads and unloads. The company advertises up to 2% cashback (maximum ₹7,500) on forex orders and a lowest-rate guarantee or double the difference back.

Delivery and coverage

Orders for notes and cards are delivered the same day if placed before 1:00 p.m. on working days, and also on weekends. Delivery coverage spans over 65 Indian cities, including Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Pune, Ahmedabad, Gurgaon, Noida, and Bangalore. Pay on delivery is available for orders up to ₹50,000, with the option to pay via UPI and other selected methods.

Corporate solutions and remittances

The company offers corporate solutions for importers and exporters, including commercial remittances and access to import/export credit. Users can request preferential rates for regular import or export volumes. The money transfer service abroad is available 24/7 with live rates and no hidden charges, and is carried out through partner banks and RBI-authorised agencies.

Referral programme and promotions

BookMyForex has a referral programme that rewards you with ₹500 for each friend referred, payable as cashback or a voucher, while the new user gets a discount on their first forex order. The platform also announces periodic promotions, such as a forex sale with up to 2% cashback (maximum ₹7,500) and discounts on flights, hotels, visas, and tourist activities for those who book forex services.