Transfer Money to Europe from India

Different modes available to transfer money to Europe

You can send euros from India either by Wire transfer or demand draft. What is the process involved? Let us look at it in detail.

Earlier bank transfers were done through telegraph and it was through wires. So, when technology evolved the transfers between bank was called by the name wire transfer. In wire transfer, the fund is transferred between bank accounts. It is commonly carried on by the SWIFT network. It is abbreviated to Society for Worldwide Interbank Financial Telecommunication. It connects more than 400 banks to make the transfer happen swiftly. You will have to provide the details of the receiver account to transfer funds. It may attract intermediary bank charges along with conversion charges while you transfer money from India to Europe.

While in demand draft, you need to pay an amount and get the demand draft for the required amount of money to be transferred. You have to then send the draft to the receiver via mail. He has to then go to the nearby bank and get the fund with the submission of the draft. As you can now guess the length of the process, you can guess the time it will take to complete. But this is one of the cheapest way to transfer money to Europe. This one may not also fetch you the best transfer rate for euro, unlike the wire transfer.

Steps to process the online wire transfer

You can book your order online with us. It will help you from avoiding those long queues and may protect you from the dangerous covid variants. The process is so simple and all you need is to have an internet connection.

Visit our web portal, click on the service of your need. It would then ask you for a login, complete it. You can live track the exchange rates to help you get the best value for your money. Now enter the amount you need to send and select the purpose of your transfer money from India to Europe. It would then ask you for some documents which are necessary for a transparent transfer according to the RBI guidelines. Once verified you will hear our executives ringing your doorbell for the pickup or delivery of your forex product or complete the necessary KYC process. Even if you have any doubts regarding these, reach out to us and we will be available.

The eligible purpose for sending money to Europe

If you are looking for the purpose on which you can send money to Europe uninterruptedly, we have listed it down. 

* You can pay fees to overseas universities, and help your loved one study without any intrusions.

* You can transfer money for the living expenses of your family members.

* You can send Euro as a gift to your special ones.

* Send money for tourism purposes and hotel bookings.

* For payment of Emigration charges.

* To pay Visa fees..

* To pay the medical expenses of your dear ones.

* For business meetings or business travel

* You can also transfer money to a blocked account in Germany.

Contact us to know more regarding the purposes in detail

Details and Document required to send money to Europe from India

Beneficiary documents and details

* A copy of beneficiary passport

* Beneficiary name, address, and account information 

* Name and address of the beneficiary bank 

* IBAN and SWIFT code 

Sender Document and required details

* Identification cards issued by the Indian government, such as Aadhar cards, Passport and so on

* PAN of remitter

* A2 form with the sender's signature 

* Proof of purpose for university fees, tourism, and other purposes

What is a Blocked Account in Germany?

In Germany before an overseas student moves in for study, he has to deposit a certain amount as a deposit. It remains proof that the student is pursuing higher studies there. The minimum amount is set to 10,236 Euros from which the student will receive an amount to his bank account every month during his stay there.