Transfer Money to the UK

Easy, Confident, and Secure Money Transfer to the UK

At Matrix Forex, we make sending money to the UK straightforward and secure. Our RBI-approved services ensure your funds reach their destination promptly.

Why Choose Matrix Forex for Your Money Transfers to the UK?

RBI-Approved Services

Operate within the guidelines of the Reserve Bank of India, ensuring compliance and security.

Competitive Exchange Rates:

Benefit from favorable rates that maximize the value of your transfers.

Low Transfer Fees:

Enjoy cost-effective solutions with minimal charges.

Fast Money Transfer to UK:

Experience prompt processing times, ensuring your funds reach their destination quickly.

User-Friendly Online Platform:

Initiate and track your transfers with ease through our intuitive interface.

Dedicated Customer Support:

Receive assistance from our experienced team for any queries or concerns.

How to Transfer Money from India to the UK

Transferring money from India to the UK is a seamless process with Matrix Forex. Here’s how you can do it:

Register Online: Create an account on our platform.
Provide Necessary Details: Enter the recipient's information and the amount to be transferred.
Choose Transfer Purpose: Select the reason for the transfer
Upload Required Documents: Submit necessary documents as per RBI guidelines.
Make Payment: Complete the transaction through our secure payment gateway.
Track Your Transfer: Monitor the status of your international money transfer in real-time.

Common Purposes for Sending Money to the UK

Under the Liberalised Remittance Scheme (LRS) by the RBI, individuals can remit up to USD 250,000 per financial year for various purposes:

Education:

Pay tuition fees and living expenses for students studying in the UK.

Medical Treatment:

Cover medical expenses for treatments in the UK.

Maintenance of Relatives:

Support family members residing in the UK.

Business Travel:

Fund expenses related to international business trips.

Emigration:

Manage costs associated with relocating to the UK.

Private Visits:

Cover medical expenses for treatments in the UK.

Employment Abroad:

Facilitate financial requirements for taking up employment in the UK.

Specific Considerations for Sending Money to the UK

When transferring funds to the UK, it’s important to be aware of certain specific requirements:

SWIFT Code and IBAN:

Ensure you have the correct SWIFT code and IBAN of the beneficiary's bank in the UK. These are essential for facilitating the transfer.

Purpose of Remittance:

Clearly specify the purpose of the transfer, such as education, medical treatment, or maintenance of relatives, as per RBI guidelines.

Tax Implications:

Be aware of any tax implications in both India and the UK related to your transfer.

Documentation:

Maintain proper documentation for the transfer, including invoices, admission letters, or medical bills, depending on the purpose.

Ready to Transfer Money to the UK?

Experience seamless and secure international money transfers with Matrix Forex. Our RBI-approved services, competitive rates, and dedicated support ensure your funds reach their destination efficiently.