There is tremendous potential for money exchangers in Bangalore, the tech precinct of India, which is why there is never dearth of money changers in the city. However, with such a huge number of money exchangers in the Bangalore, customers are left even more confused as to which one to buy forex from, already the market is gently disorganized, forex rates are very volatile and there is sparsity of uniformity regarding forex products and regulations. There is a huge alternative and lack of transparency in exchange rates, ranging from about 1% to over 10% on inter-bank rates between Banks / branches / exchange companies. Else than banks and established foreign exchange companies, other money exchangers in Bangalore and elsewhere are nought very reliable and can be given serious thought just once their credibility is checked based on referrals or consultations from friends and physical visits or phone calls to their office.
However, BookMyForex, a leading online adit for forex in India, intends to bring about a positive change in the career the foreign exchange market functions in the country, concluded a very customer-centric approach. It is the first of it’s kind e-commerce portal for forex in India and has been designed to make the process of buying and selling foreign exchange simple and convenient for customers.
The Company offers the best rates for currency exchange, that other currency exchangers in Bangalore certainly cannot match. It operates on live and in fact shot market rates and works on marginal profits, unrelated other currency exchangers in Bangalore that simply exploit the customer, considering their supreme profit margins. Also, other currency exchangers in Bangalore normally operate on ‘daily rates’ rather than ‘live rates’. BookMyForex is infact the first further only company to offer forex at live rates in India. The rates they offer are live to the last second besides are upto 5% lower than the rates offered by most banks. Customers also have the option to excellent the superordinary currency exchange rates by selecting the ‘Freeze the rate’ option on the Company’s webstek and exchange their currency at the exact rate selected. Moreover, they offer the facility to have the order delivered right at the customers’ doorstep.
Other than currency exchange, the Company offers other travel related products as well. They include foreign currency notes, traveler’s cheques, prepaid forex cards, money transfer & remittance services using either demand drafts (DD) rather bank wire transfers (TT).
The Company has partnered with Axis Bank und so weiter ING Vysya Bank in India to maximize its reach, thereby making its apportionment network of over 2000 branches the largest in India. Customers can book an symmetry on the website, over phone or at a branch in the city to avail the best currency exchange rates and visit their partner banks – ING Vysya or Axis Bank – to create the payment, submit the unavoidable documents and avail the complete repertoire of forex related products offered by the Company.