- BookMyForex.com, which offers services in the transfer sector, has offered cashback for students on certain transfers as part of the new term beginning.
- It is now possible for students to make transfers abroad and receive cash back, up to a value of INR 5,000 Indian rupees.
- “Interbank rates are real-time rates that may be viewed on business news channels, search engines, etc. Our prices are almost one or two rupees cheaper than those provided by the banks,” said a senior figure at the company.
BookMyForex.com, a provider of foreign exchange and online money transfer offers in India, has announced a new cashback offer for students.
It is now possible for students to make transfers abroad and receive cash back, up to a value of INR 5,000 Indian rupees. This is equivalent to approximately £50 or $61.
They will also receive a free SIM card that can be used internationally as part of their offer package, the company said.
The offer entered the market on 18 January. It is expected to run until the penultimate day of March this year and will apply to any cash bookings placed by the firm’s website or app.
Sudarshan Motwani, Founder and CEO of BookMyForex, said that the firm offered transactions at rates close to what is known as the interbank rate. He also mentioned that there was no commission charged on any of the transactions involved.
“BookMyForex provides money transfers overseas at near interbank rates and zero commissions,” he explained.
He went on to say that this allowed the company to provide cheaper rates than those offered by the banks.
“Interbank rates are real-time rates that may be viewed on business news channels, search engines, etc. Our prices are almost one or two rupees cheaper than those provided by the banks,” he explained.
In further remarks, he said that international students would be able to benefit from the new push.
“Through the BookMyForex student offer, we are aiming to make our completely digital money transfers accessible to international students at a much greater value,” he explained.
He also said it would be possible to receive savings in the region of around 5%.
“The winter intake at foreign universities has begun, and this offer will help the students get up to 5% savings on transferring money abroad for tuition fees or living expenses,” he explained.
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