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Same-day international transfers are emerging as a way to address delays and uncertainty in overseas education payments, where universities often operate within narrow fee timelines and late remittances can attract penalties.
Education-related payments typically involve multiple high-value transactions, including tuition fees, accommodation deposits and living expenses, all of which need to be completed within fixed deadlines. Processing delays across banking systems and time zones can add friction for students and families once payment windows open.
Against this backdrop, BookMyForex has enabled same-day international transfers for overseas education payments, allowing funds to reach foreign institutions in as little as six hours. The company said the service supports end-to-end digital remittances and is routed through partner banks and RBI-authorised entities to ensure regulatory compliance.
The initiative is aimed at improving predictability in education-related remittances and reducing the risk of late payment penalties. Transfers can be initiated digitally through the BookMyForex app and website.
Gagan Malhotra, Chief Operating Officer at BookMyForex, said international education payments are both time-sensitive and high-value, leaving families with limited margin for delays. He added that predictable timelines and compliant digital execution can help students and parents meet university requirements with greater confidence.
Alongside faster transfers, BookMyForex is offering cashback benefits of up to ₹15,000 on international education-related remittances. The benefit applies on a slab-wise basis for transactions exceeding ₹3 lakh and is available on transfers made through the company’s digital platforms.
BookMyForex, a MakeMyTrip Group entity, operates in the online foreign exchange and international remittance space, offering services such as forex cards, international money transfers and foreign currency exchange through a combination of in-house operations and partner networks.
ALSO READ | Planning a trip to Europe: How to book tours and experiences in Indian currency
Education-related payments typically involve multiple high-value transactions, including tuition fees, accommodation deposits and living expenses, all of which need to be completed within fixed deadlines. Processing delays across banking systems and time zones can add friction for students and families once payment windows open.
Against this backdrop, BookMyForex has enabled same-day international transfers for overseas education payments, allowing funds to reach foreign institutions in as little as six hours. The company said the service supports end-to-end digital remittances and is routed through partner banks and RBI-authorised entities to ensure regulatory compliance.
The initiative is aimed at improving predictability in education-related remittances and reducing the risk of late payment penalties. Transfers can be initiated digitally through the BookMyForex app and website.
Gagan Malhotra, Chief Operating Officer at BookMyForex, said international education payments are both time-sensitive and high-value, leaving families with limited margin for delays. He added that predictable timelines and compliant digital execution can help students and parents meet university requirements with greater confidence.
Alongside faster transfers, BookMyForex is offering cashback benefits of up to ₹15,000 on international education-related remittances. The benefit applies on a slab-wise basis for transactions exceeding ₹3 lakh and is available on transfers made through the company’s digital platforms.
BookMyForex, a MakeMyTrip Group entity, operates in the online foreign exchange and international remittance space, offering services such as forex cards, international money transfers and foreign currency exchange through a combination of in-house operations and partner networks.
ALSO READ | Planning a trip to Europe: How to book tours and experiences in Indian currency
