Money transfer to India from Germany

Money transfer to India from Germany

Many ways you can transfer Euros to INR. 

Options:

1. Money2India  (Provided by ICICI bank)
2. Money2India-Europe (Provided by ICICI bank)
3. Remit2India (Provided by The Times Group)
4. Axis Remit (Provided by Axis Bank)
5. Western Union
6. NRI/NRE/NRO accounts in India (direct Euros transfer)

General Steps followed in Money transfers.

• Create an account in money transfer website with your email Id.
• Create sender account details (should be German Account,Currency - EUR)
• Details Required: Name, Account Number, BLZ/sort code)
• Create receiver account details (should be German Account,Currency - INR)
• Details Required: Name, Account Number, Sort/IFSC code)
• Initiate money transfer in money transfer website.
• Select sender and receiver account, and enter the Euros which you would like to transfer.
• Website generates a unique number, and gives you the details of bank(within Germany/Europe) to which you need to send Euros.
• Initiate online transfer, enter all details and write Unique no in message box, so that bank can identify the transaction.
• Money will be transferred after few days in to receiver account in India

Here is the useful article from www.germanymantra.com

http://www.germanymantra.com/finance/money-transfer