Name of the University | Ranking (QS Ranking) | Known For |
---|---|---|
LMU Munich | 62 | - Public Research University - 2nd Largest in Germany - More than 100 study courses |
Technical University of Munich | 61 | - Public University - Best German Institution for Technology oriented Courses |
Heidelberg University | 64 | - Oldest University of Germany - Public Research University - Extensive number of Courses |
Humboldt University of Berlin | 121 | - Known as ‘Mother of Modern Universities - Arts, Humanities and Natural Sciences courses are very popular |
Karlsruher Institute of Technology | 106 | - One of the largest Public University for Research and Education - Known for Engineering, Computer Science and Natural Science courses |
You’re all set with the offer from one of the universities in Germany. Now its’s about time to take the next step. We’re sure, transferring the fee to your college might look like an appropriate next step but learning about Forex Exchange and the money transfer process is more essential. To make your next steps easy, BookMyForex has got you covered! Learn how to save money on cost of living, student offers, and make your stay in Germany worthwhile.
Famous for its free education amongst Indian students, cost of living in Germany is not free, but quite reasonable compared to other European Countries. Here’s what you should know:
Place | Average Cost of Living Per Month |
---|---|
Metropolitan | € 900- € 1400 |
Suburb | € 750- € 1100 |
Details | Average Monthly Cost |
---|---|
Rent | € 500 - € 700 |
Utilities | € 300 - € 350 |
Food | € 150 - € 160 |
Clothing | € 40 - € 45 |
Study Materials | € 20 - € 25 |
Travel Costs | € 90 - €100 |
Health Insurance, Medical Costs | € 80 - € 85 |
Phone / Internet / Television | € 80 - € 85 |
Leisure | € 60 - € 70 |
Got the coveted admission letter? It is time that you secure your seat by doing the money transfer online by paying the first fee installment to the university on time. Want to know how to save money before the journey begins? Here are the options:
Foreign currency Demand Drafts: This is a secure and hassle-free way to outward remittance from India. Foreign currency demand drafts are physical paper drafts that can be carried physically internationally or couriered/mailed to a beneficiary abroad. Demand drafts are perfect for applications to colleges, tenders, school fees among other things.
Wire transfers: Wire transfer are direct bank to bank transfers where money from an Indian bank account is directly transferred to your beneficiary's bank account abroad. Wire transfers from India are the best and most convenient way to transfer money abroad online. After having a clear understanding of the two modes, the next task is to be well informed of the market charges and how we are helping you save.
Market Players | Wire Transfer Charges |
---|---|
BookMyForex | ₹260 (ZERO FOR STUDENTS) |
Other Online Foreign Exchange Players.. | ₹500 - 1000 |
Money Changers | ₹500 - 1000 |
Banks | Up to ₹2000 |
The task does not end after paying the university fee. Before leaving for living your dream, these are the two things you should consider for managing your day to day expenses there: -
A Prepaid Forex card is pre-loaded with foreign currency and can be very cost effective. Confused why to prefer this instead of credit or debit card? Have a look at how much you save from forex cards when compared to other options:
Option | How much you save? |
---|---|
Credit/Debit Cards | 3.5% - 6.5% |
Travelers Cheque | 0.5% - 2.5% |
Remittance Products | 0.6% - 2% |
Foreign Currency Note | 0.5% - 2.5% |
Zero sounds so good, for a change, isn’t it? If you talk about the safest way to carry money abroad, this will be the winner at all costs.
When studying abroad, money will be required from time to time. You can make this made hassle free and cost effective for your parents with this option. All you need to make sure is that there is an account of the beneficiary abroad. Take a quick read of the earlier section for more information.
Foreign currency exchange rates are dynamic and keep fluctuating. If you are smart about the process, you could end up saving a lot of money by keeping a track of these fluctuations at least 2 weeks before your departure. Wondering how? Our blog page will be your one stop solution for this.
All you need to do is to set a rate alert for yourself from our website and get the best rates via SMS/mail.
We Indians love to bargain, why not try it here, of course more professionally. Request for better rates on our website and based on your city and volume of order, receiving better rates is possible.
This is the slow killer and we cannot make you suffer with this. No hidden charges at any cost from our side.
We know you are already bothered with so many expenses hovering in your head. So we thought, apart from the various places where we help save so much, let us also excite you all with offers designed exclusively for you.
Market Players | Cost of transaction above 1 Lakh (Interbank Rates + Paisa Per Dollar) |
---|---|
BookMyForex | Interbank Rates + Zero Charges |
Other Online Forex Card Providers | Interbank Rates + 60-100 Paisa Per Dollar |
Banks | Interbank Rates + 100-200 Paisa Per Dollar |
Market Players | Bank Charges |
---|---|
BookMyForex | ₹260 (ZERO FOR STUDENTS) |
Other Online Foreign Exchange Players.. | ₹500 - 1000 |
Money Changers | ₹500 - 1000 |
Banks | Up to ₹2000 |