Germany is one of the most advanced and modern countries in the world. Germans are known for their technological advances and higher education and that attracts a lot of Indian students and people looking for employment. German healthcare is renowned throughout the world. So because of all these reasons a lot of money is transferred between Germany and India. You need to be aware of the best ways to send money to Germany from India, a service which is fast and cost-effective. With BookMyForex.com, you can save on charges and fees as well as the rates because we guarantee best rates for your international wire transfer from India to Germany. And it also takes 4-48 business hours to Send Money Online to Germany through BookMyForex.

Ways to Send Money to Germany from India:

You have two ways to transfer money to Germany from India :

1: Wire Transfer Online to Germany (Swift Transfers)
2: Demand Drafts (money orders)

Doing a Wire Transfer to Germany from India 

If you are planning to send money from India to Germany, doing a wire transfer is the best way to do so. You should keep in mind that you can save up on a lot of charges and get a better deal if you use BookMyForex & not do it directly via banks. You must also keep in mind that sometimes the beneficiary’s (receiver) bank may also apply a charge when the receiver gets the money in their bank account. You can confirm that with the banks to know better.

With BookMyForex you get to save up on a lot of money when you do an online wire transfer from India to Germany. The Nostro charges will be there as they are levied by the beneficiary's bank.

You can also freeze and lock the currency rates if you think the Euro currency will rise.

Can I send a Foreign Currency Demand Draft to Germany from India?

You can definitely send foreign currency (which is Euro in this case) demand draft if you are planning to send money to Germany. You can choose this method if you are not in a hurry to send money as it may take up to 10 days for the receiver to get the funds.

There is also a risk of the demand draft being torn or getting misplaced as it is a physical piece of paper. So, you must keep that in mind as well.

How much money can be sent to Germany from India?

According to RBI’s Liberalised Remittance Scheme policy, Indians can send up to $2,50,000 or its equivalent per year per person abroad to Germany. If you have to Send Euros then the limit is around 214600 Euros per person per year

What are the purposes under which you can Transfer money to Germany from India?

You can send money to Germany from India for the following 8 reasons:

1: Studies abroad

2: Business Trip

3: Medical Treatment Abroad

4: Maintenance of close relatives abroad

5: Emigration

6: Going Abroad on Employment

7: Gift or Donation

8: Private Visits abroad

What Beneficiary details do you need to transfer money to Germany from India?

- Beneficiary Bank Name, Swift Code, Routing number & Correspondent Account No.

- Beneficiary Name, Address (as given in bank)

- Remitter Name, Account Number and Purpose of Transaction with KYC.

- Filled A2 Form cum declaration with signature

What is the Documentation Required to Send Money to Germany From India?

You need following documents to Send Money Online to Germany:

- Original and valid passport

- Valid visa for the country of travel (except where VISA on arrival applies)

- Confirmed ticket-showing travel within 60 days of taking foreign exchange

- PAN (Form 60/61 in case PAN missing)

- Apart from this KYC of sponsoring company would be required as per RBI guidelines

What are the Benefits of making a Wire Transfer Online to Germany via Bookmyforex.com?

—Smarter, Faster & Most Trusted Way to Send Money to Germany from India.

- Send Euro to Germany from India to Germany at the lowest possible rates.

- Best Rate Guarantee – Find us a BETTER RATE & we’ll beat it.

- Fastest Transfers – Book your order online and have your transfer processed in the next 12 – 48 business hours.

- Best customer support, available 24×7 on every medium (FB/Twitter/Call/Email)

There are no foreign transaction fees or hidden charges.

Notes:

All foreign currency transactions are subject to Service Tax.

Foreign Exchange and Money Transfer services are available though Tied-up Reserve Bank of India approved Authorized Dealers only. All foreign exchange transactions are subjected to AML/CFT/KYC FEMA policies instructed by Reserve Bank of India.