Indian students and their families grappling with tight university fee deadlines now have a faster solution. BookMyForex, a leading foreign exchange platform, has introduced a same-day international transfer service specifically designed for overseas education payments.
Speed Meets Compliance for Critical Payments
The new service targets the high-stakes process of sending funds for studying abroad. It allows payments for tuition fees, accommodation deposits, and living expenses to be completed on the very same day. In a significant upgrade, funds can reach the bank accounts of overseas educational institutions in as little as six hours.
This initiative is crucial for universities in key global markets like the USA, UK, Canada, and Australia, where narrow payment windows are common. Delays in these payments can lead to financial penalties or even jeopardise a student's admission, leaving little room for error.
How It Works: Digital, Secure, and Predictable
The entire transfer process is digital and executed through partnerships with leading banks and partners authorised by the Reserve Bank of India (RBI). This end-to-end digital pipeline ensures full regulatory compliance and security for what are often high-value transactions.
Gagan Malhotra, Chief Operating Officer of BookMyForex, explained the need for this service. "International education payments are often high-value and time-sensitive, leaving families with very little margin for delay or error," he said. "Our focus has been on removing uncertainty from this process by combining predictable timelines, digital execution, and regulatory compliance. This helps parents and students meet university requirements with greater confidence during a critical phase of their education journey."
Attractive Cashback Offer for Students
To further aid Indian families, BookMyForex is also rolling out a cashback benefit on these education-related transfers. Students or parents can avail cashback of up to Rs 15,000. This incentive is slab-wise, meaning the cashback amount is linked to the transaction value, and applies to all international education transfers exceeding Rs 3,00,000.
The offer, along with the same-day transfer service, is accessible through both the BookMyForex mobile application and its official website. This move is set to bring much-needed speed, predictability, and financial relief to thousands of Indian families navigating the complex and stressful process of funding international education.
