BookMyForex.com, (a MakeMyTrip group company), has launched a 24-hour remittance service where customers can freeze the forex rate today to transfer money abroad and then pay later. Customers will be able to lock in the forex rates for up to 3 days under the “Book now, Pay later”; this service can be availed on the website and on the BookMyForex app.

The new features are based on the low-cost, entirely online, and paperless remittance service that BookMyForex already offers.

The “Book Now and Pay Later” option gives customers the opportunity to pay in full now or to lock rates by paying a refundable 2% advance.

Commenting on the launch, Sudarshan Motwani, Founder & CEO, BookMyForex.com said, “The “Book Now, Pay Later” service is especially beneficial in current times when the currency rates are volatile. The new features will help our customers get the maximum value, fast service, and complete peace of mind. ”

How to transfer money through BookMyForex

Below are the simple steps to transfer money abroad under RBI’s LRS scheme through BookMyForex:

Step 1: Specify your requirements, such as currency, amount, and beneficiary information.

Step 2: Submit your KYC

Step 3: Online Payment

Step 4: Rates are locked and the transfer is processed.