Procedure to send money to India online through GMT MONEY TRANSFER & EXCHANGE 

GMT MONEY TRANSFER & EXCHANGE provides a simple, easy and hassle free method to send money to India online to your business associates or to the loved-ones. Here come a few simple tips that can help you.

Please follow some easy steps as mentioned below.


The Online Transfer Procedure:


1. Log in or register to the site in order to transfer money overseas- Now it is possible to open the free GMT ONLINE account within a few minutes. No Signup costs or no ongoing maintenance fees are needed to open this account. Once the account activates, you can send money to India anytime and from anywhere.

Set up the payment- Enter the recipient’s bank details. These details will be saved for the future use. Then just enter the amount which you want to send to the recipient in the Indian local currency. You will get to see the foreign exchange rate and also the amount that the beneficiary will receive according to the exchange rate to India. If you are okay with the amount, then you can confirm the payment. Besides, you can also set up a number of payments if needed. Add some beneficiary address-as well as bank account details on both of the steps.

Bank transfer- If you select the option of bank transfer, then you will be provided the details of any local bank account to pay the amount. Besides, you will also be given some unique reference through email as soon as completing the transaction. Moreover, it is essential that you enter the reference in the field of payment reference while making the transfer. This thing will identify your payment in the system of this company and will also prevent any delay.

. Log into the net banking application and set up the GMT MONEY TRANSFER as the payee by using the unique reference and all the details offered by this company. You can also use the Payee whenever you look for money transfer to India with GMT ONLINE.






GMT MONEY TRANSFER & EXCHANGE presents their analytical exchange rates of different currencies on a daily basis. You can check the website of this company to learn about the currency exchange rate in which you want to send the money to India.


The exchange rates mentioned in the website will be valid only if you can deposit the similar local currency along with the charges and fees in the bank account of this company and also if you can send the application by filling them completely by email, fax or through the on-line system.


Apart from that, you can also book the exchange rate over the telephone and deposit the same local currency amount along with the charges and fees in the bank account of the company same day.


But if you fail to book the online exchange rate, then the applied rates will be similar to the rates while your application and the clear funds will be received in their account.


To avoid any kind of loss or misunderstanding due to the exchange rate fluctuation, it is always advisable to call this company to book the exchange rates. Deposit the same amount only after booking the rate. Deposit Australian Dollar with fees and also submit the application form with all the details on the same day.



You are required to fill an application form to Send Money Overseas.


The application form may be submitted in the following manner.

  • Visit our office, fill-up application form and submit in person, or
  • Download the from our web-site and send it by fax duly filled in, or
  • Send scanned copy of application form by email, or
  • Apply on-line through our web-site.


There are four parts of our application form (A) Transaction details (B) Sender details (C) Beneficiary details (D) Payment details to beneficiary. 
A. Transaction details 
In this section you need to provide following information.

  • Currency and the Amount in Foreign Currency
  • Exchange Rate
  • Equivalent amount in A$ (Local currency)
  • Fees and Charges(if any)
  • Total amount in local currency deposited in our account.



Please checkout through our online potral.


There are four parts of our application form to Send Money Overseas (A) Transaction details (B) Sender details (C) Beneficiary details (D) Payment details to beneficiary. 
B. Sender Details 
In this section, please provide your personal details as follows.

  • Full Name
  • Acceptable/valid photo ID number, expiry date and date of birth
  • Complete residential address
  • Contact numbers (Home phone, mobile phone, email address)
  • Profession/occupation
  • Purpose of remittance
  • If a person sending money on behalf of a third person or company, association or club etc, the full particulars of the person and the name, address and ABN of the company, association or club is also required in addition to the details of the person itself.
  • If the amount of remittance is A$10,000 or more in a calendar month, we may ask further details of the sender, such as source of funds, copy of any document or invoice relevant to the remittance etc.


C. Beneficiary Details 
In this section, please provide beneficiary details as follows.

  • Full Name
  • ID number and expiry date (if required)
  • Complete address
  • Contact numbers (Home and/or mobile phone)
  • Profession/occupation
  • Purpose of remittance
  • For deposit in beneficiary account, the account name, account number, bank and branch details are required. Some times for certain countries, bank swift code, routing code or IBAN number is also required.


D. Payment details

  • Payment to the beneficiary is made only by account deposite for now.


  • 1- Bank transfers
Account deposit

  • GMT MONEY TRANSFER &  Transfer Money to the beneficiaries in applicable countries in their accounts with any bank/ branch. For on-line accounts the payment is made in 24-72 hours, whereas, for other accounts, payment is made by our agent bank by cheque/draft and sent to the beneficiary bank by courier. In this process it takes 3 to 5 days to receive funds by the beneficiary in his account. Please check the time frame of your payment from the staff of GMT MONEY TRANSFER & EXCHANGE before concluding transaction.


We shall process your application only if it is duly filled in, and a copy of your proper identification is provided. We shall also check the receipt of right amount in clear funds in shape of transfer or deposit in our account by Eft or internet transfer. Subject to completion of all the formalities, we stand committed to process your remittance transaction in the most expeditious manner. We store your and beneficiary details in a safe and secured manner and strictly observe the privacy policy as per rules.


GMT MONEY TRANSFER & EXCHANGE process remittance applications with due care and in efficient manner. The company and its employees do not accept any liability for loss or damage which any person may suffer arising from mutilation, delay or wrong transmission of message and the remittance is being made at the sole risk and responsibility of the remitter.

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