I use BookMyForex fund transfer services for my US university tuition and living expenses from India because they offer the best exchange rates.
Your Location: Delhi 
Upto ₹15,000 Cashback on Education Transfers 
Sending Currency
Indian Rupee
INR
Since you're sending from India, this currency is fixed to INR for your transfer.
Recipient Currency
US Dollar
USD
USD AMOUNTLive Rate ₹95.7707
INR AMOUNT
Remittance orders are usually processed within 48 working hours of placing the order
Send money abroad at live exchange rates with transparent charges
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Send Money to Hungary
Transfer money from India to Hungary 24x7 at the lowest guaranteed rates. Enjoy secure, same-day international cash transfers through our trusted partner banks and unlock savings of up to 5% on every foreign money transfer.
Secure International Cash Transfer to Hungary (Guaranteed Lowest Rates)
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- Lowest Guaranteed Rates Zero hidden charges.
- Remittance Expert by Your Side Expert guidance from planning to payment.
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Remit Money from India to Hungary with BookMyForex
Hungary hosts a growing Indian community of around 9,000 people. Budapest anchors the community, alongside Debrecen, Szeged, Pecs, and Gyor.
The corridor is driven by medical education and manufacturing. Hungarian universities have taught medicine in English for decades and admit Indian students to programmes at Semmelweis University in Budapest and the medical faculties at Debrecen, Szeged, and Pecs. Separately, Hungary's automotive and electronics plants and the shared services centres in Budapest recruit Indian engineers and analysts.
These ties make sending money to Hungary a regular requirement. Tuition instalments and living costs dominate, and transfers are sent in US dollars rather than in forint, since Hungary remains outside the eurozone despite its European Union membership. Medical programmes in Hungary run six years, so families plan a long sequence of transfers rather than a single payment.
Even small differences in exchange rates or fees affect the final amount received. BookMyForex helps you send money to Hungary with better rates, faster processing, and complete transparency at every step.
Why Trust Us
BookMyForex - India’s Leading Forex Marketplace
Buy & sell forex online - order foreign currency notes, get forex cards, and send money abroad. Same-day doorstep delivery available in 65+ cities across India. Grab up to ₹7,500 cashback on forex card/currency notes and up to ₹15,000 on education related international money transfers!
$1.7 Billion+ exchanged
6.5 Lakh+ customers
5,000+ banks & money changers partnered
How to Send Money Abroad from India to Hungary
BookMyForex makes it incredibly simple to send money internationally from India. Whether you're supporting family overseas, paying university fees, or sending money abroad for any other purpose, just follow these 4 steps:
- Enter Amount & CurrencyInstantly view live rates, applicable fees, and how much your recipient will receive
- Upload DocumentsA quick, fully online process, no branch visits, no physical paperwork
- Add Recipient DetailProvide the beneficiary's bank account number and bank’s SWIFT/BIC code
- Make PaymentPay via UPI or net banking. Education transfers same-day; all others within 12-48 hours
Best Way to Send Money Internationally? BookMyForex! Faster, Cheaper, Simpler
- Best Rates, GuaranteedInterbank-linked rates, zero hidden charges, Lowest Rate Guarantee*
- 24x7 Online BookingSend money easily 24x7 via our website or app
- Quick Transfer Funds received abroad in as little as 6 hours
- Send Money WorldwideRemit funds to over 150 countries
- Rate Lock-In FeatureLock in desired rates for up to 3 days
- On-Call & Online SupportAssistance available via phone and chat
Safety First: How BookMyForex Protects Your Money
- Trusted Banking PartnersExclusive tie-ups with top banks in India like RBL and Instarem
- Advanced-Data EncryptionBank grade encryption to protect your data
- Secure Payment GatewaysSecure payment acceptance and routing via reputed payment gateways
BookMyForex International Money Transfer Statistics
Recent activity
- GBP 400 sent to United Kingdom (UK) from Delhi for education fees
- CAD 10,000 sent to Canada from Delhi for family maintenance
- USD 1,030 sent to United States of America (USA) from Delhi for education fees
- THB ▼ weakened by 1.1% against Indian Rupee (vs yesterday, 21 Oct 2026)
- GBP ▲ strengthened by 0.0747% against Indian Rupee (vs last week, 15–21 Oct 2026)
Source: Indicative transaction trends
Popular Destinations for Money Transfer to Hungary
Indian remittances to Hungary split between the capital and the regional medical faculties. Budapest receives the highest volume, home to Semmelweis University, the embassy, most corporate offices, and the largest Indian population in the country.
Debrecen attracts steady inflows tied to its medical faculty and the industrial investment around the city. Szeged and Pecs receive transfers connected to their English-language medical programmes, while Gyor and Kecskemet see flows linked to vehicle assembly plants and their engineering workforce. Miskolc and Gyongyos see smaller flows tied to regional colleges and manufacturing employers.
Purposes for Which You Can Transfer Money from India to Hungary
As per RBI's Liberalised Remittance Scheme (LRS) Indian residents can send up to USD 2,50,000 per financial year for a wide range of purposes. Here are the key purposes allowed:
- Payments to any Individual Living Abroad
- University Fee Payments
- Investment in Foreign Stocks and Equities
- Funds Transfer for Emigration and Foreign Employment
- Medical Treatment Abroad
- Gifts and Donations Abroad
Best Way to Send Money from India to Hungary
Wire transfers are the easiest and most affordable option to send money from India to over 150 countries. Enjoy the speed and convenience of sending money overseas directly from your Indian bank account to the recipient's account. Read more to discover everything about wire transfers .
Top Countries for Sending Money Internationally with BookMyForex
Comparison: BookMyForex vs. Other Ways to Send Money from India to Hungary
Feature
Exchange Rates
Fees & Charges
Transfer Speed
Countries Supported
Rate Lock-In
Availability
Money Transfer via BookMyForex
Interbank-linked best rates; save up to 5%
Just ₹320 + GST bank fee and ₹1,180 Nostro charges, with no hidden charges
Same-day (education, as fast as 6 hrs); 12-48 hrs
150+ countries worldwide
Lock in rates for up to 3 days
24/7 online booking via website & app
Online Remittance Providers
High markups (up to 5%), limited transparency
Variable transfer fees based on the amount and currency, going up to ₹7,500 per transaction
3-7 working days (minutes for cash pickup in some corridors)
Limited to select corridors
Not as flexible
Subject to banking hours, currency and payment method.
Bank Wire Transfer
2-4% markup over base rate
₹1,500–₹2,000 Bank Fee + GST + Additional Nostro Charges depending upon currency
3-5 working days
Most countries via SWIFT
Not available
Limited to bank hours
Documents Required for International Wire Transfer from India to Hungary
The documents required for your international wire transfer to Hungary depend on the purpose of remittance. Three documents are mandatory for all transfers:
- PAN card
- KYC and Address Proof (Aadhaar / Passport / Voter card)
- Outward Remittance Application (A2 cum LRS Declaration)
Additional documents by purpose:
Required Documents:
• Admission letter / University offer letter
• Student's valid passport (if remitter is a close relative)
• Admission letter / University offer letter
• Student's valid passport (if remitter is a close relative)
How Money Is Received in Hungary
Accurate beneficiary details, including the recipient's IBAN and the bank's SWIFT code, are essential, and universities issue an invoice naming the exact account that must receive the fee.
Transfers from India are sent in US dollars, and the receiving bank converts to forint at its own rate on arrival unless the institution holds a foreign currency account, which the medical universities generally do for international fees. Most recipients bank with OTP Bank, K and H Bank, Erste Bank Hungary, or Raiffeisen Bank Hungary.
Send Money Overseas from India to Hungary with the BookMyForex App
Whether it's for university fees, medical expenses, a heartfelt gesture, funding your GIC/ blocked account, or any other purpose, the BookMyForex App makes transferring money from India effortless.
Download the app and transact with ease, right from your smartphone!
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TCS on International Money Transfers from India to Hungary
As per the Union Budget 2026, Tax Collected at Source (TCS) applies to outward remittances under LRS based on the purpose and amount of transfer. Here are the applicable TCS rates:
● Education via education loan: 0% TCS (any amount)
● Self-funded education & medical treatment: Nil up to ₹10 lakh; 2% above ₹10 lakh
● All other outward remittances: Nil up to ₹10 lakh; 20% above ₹10 lakh
Note: TCS is not a final tax, it can be claimed as credit when filing your ITR. BookMyForex auto-calculates applicable TCS at checkout so there are no surprises.
Know More About TCS →
Different Purposes Why Indians Transfer Money to Hungary
Purpose of Money Transfer to Hungary
Description
Higher Education
Indian students transfer tuition and living costs to Semmelweis University and the medical faculties at Debrecen, Szeged, and Pecs each academic year.
Student Living & Hostel Costs
Funds cover accommodation, food, transport, health insurance, textbooks, and monthly living expenses for Indian students across the Hungarian university cities.
Employment Relocation Costs
Indian engineers and analysts joining automotive and shared services employers in Budapest and Gyor receive funds for rental deposits and settling-in expenses.
Family Maintenance
Indian families settled around Budapest and Debrecen receive support from relatives in India for rent, childcare, and daily household expenses.
Business & Trade Payments
Indian firms remit funds to Hungarian suppliers and partners, particularly across automotive components, pharmaceuticals, electronics, information technology, and engineering goods.
Travel & Extended Stay
Funds support parent visits, graduation travel, internships, and extended stays across Budapest, Lake Balaton, and the regional Hungarian university cities.
BookMyForex International Wire Transfer Testimonials
As a senior citizen, I was anxious about completing the transaction, but BookMyForex guided me patiently. The funds were credited to my son's account super fast!
Great remittance platform with prompt service. I hit a few initial hiccups, but the team resolved everything quickly. Overall, an excellent experience!
BookMyForex is transparent, safe, and easy to use. The team is highly experienced, providing fast transfers, the best exchange rates, and minimal bank fees.
Great service, fast transfers, and good rates. Their team explained everything over the phone and made the whole process easy!
Sanjay Tripathi
No hidden charges, Easy to use, Excellent Order Tracking, Best Exchange Rate
Pratyaksh
Smooth and Easy Online Process
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