Send Money to Europe

Europe spans some of the world's most celebrated cities and institutions. From Paris and Amsterdam to Frankfurt, Zurich, and Barcelona, the continent offers opportunities across education, technology, finance, healthcare, and the arts.

For Indians, Europe is both a study destination and a professional hub, with universities, multinationals, and research institutions drawing thousands of students and skilled workers every year.

Beyond education and work, Indians travel to Europe in large numbers for tourism, business visits, and family stays. Strong healthcare infrastructure also draws people seeking specialist treatment. Indian businesses regularly make payments to European firms for services, technology, and consulting.

These growing connections make sending money to Europe a frequent need. Whether it is tuition fees, living expenses, business payments, or travel support, transfers in EUR come up across many life situations.

Even small differences in exchange rates or fees can affect the final amount received. BookMyForex helps you send money to Europe with better rates, faster processing, and complete transparency at every step. 

Money transfers from India to Europe are spread across the continent, reflecting the diversity of Indian communities and economic ties. Germany receives among the highest volumes, driven by a large student population, skilled workers in IT and engineering, and a growing Indian diaspora. France and the Netherlands attract remittances linked to higher education, technology employment, and business payments.

Switzerland sees transfers connected to finance professionals and medical tourism. In southern Europe, Spain and Portugal have become increasingly popular destinations for Indian emigrants and investors, while Italy attracts remittances tied to both employment and extended family visits. 

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Accurate beneficiary details, including the recipient's IBAN and the bank's SWIFT/BIC code, are essential for smooth processing. The IBAN is the standard account identifier used across all Eurozone countries and replaces country-specific account formats for international transfers. Most recipients hold accounts with established European banks, making bank-to-bank wire transfers the preferred and most reliable method.

Funds sent from India are credited in EUR, allowing recipients to use the money immediately for rent, tuition, daily expenses, or other financial commitments. 

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.

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