Question 1

What's the best way to send money to India from Portugal?

Accepted Answer

There are many good choices when it comes to sending money from Portugal to India. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Euro to INR money transfers.

We compare different remittance companies to bring you the best options to send money to India from Portugal. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Euro to Indian Rupee money transfers. You can take advantage of these deals and make the most of your hard earned money.

Question 2

How to get the best rate to transfer money to India from Portugal?

Accepted Answer

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Portugal to India transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your EUR to Indian Rupee international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Euro to Indian Rupee exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.

Question 3

What's the cheapest way to send money from Portugal to India?

Accepted Answer

The final amount your recipient gets when you send EUR to INR is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Portugal to India used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Indian Rupee is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Euro to India exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.

Question 4

Should I use my bank to transfer money from Portugal to India?

Accepted Answer

Big banks in Portugal are known to make a lot of money by charging high fees on India money transfers from Portugal. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a EUR to INR exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to India. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Portugal to India. You work hard for your money, so you should also ensure you get the maximum yield when you send INR overseas.

Question 5

How to send money to India from Portugal fast?

Accepted Answer

The speed of your Euro to Indian Rupee funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert EUR to INR. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to India from Portugal is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in India if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout INR into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Portugal bank to India bank transfer.

Question 6

Which are the best money transfer companies to transfer money to India from Portugal?

Accepted Answer

Comparing money transfer companies for sending money to India from Portugal can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to India. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Euro to Indian Rupee transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Indian Rupee yield on every Euro that you send.

Question 7

Step by step guide to transfer money to India from Portugal

Accepted Answer

With so many possible ways to transfer Euro to Indian Rupee, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Portugal to India remittance transaction, you can follow the below step by step procedure.

Create an account at your chosen operator.
You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
Add bank accounts for both the sender in Portugal and the receiver in India. Using bank deposits can be the cheapest option to send money.
Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
At this point, you are pretty much done, and the operator will take it on from here.
Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your EUR to Indian Rupee money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.

1 EUR	106.88 INR
5 EUR	534.40 INR
10 EUR	1,068.79 INR
25 EUR	2,671.98 INR
50 EUR	5,343.96 INR
100 EUR	10,687.92 INR
150 EUR	16,031.88 INR
200 EUR	21,375.84 INR
250 EUR	26,719.80 INR
300 EUR	32,063.76 INR
400 EUR	42,751.68 INR
500 EUR	53,439.60 INR
600 EUR	64,127.52 INR
700 EUR	74,815.44 INR
800 EUR	85,503.36 INR
1000 EUR	106,879.20 INR
1500 EUR	160,318.80 INR
2000 EUR	213,758.40 INR
2500 EUR	267,198.00 INR
3000 EUR	320,637.60 INR
4000 EUR	427,516.80 INR
5000 EUR	534,396.00 INR
10000 EUR	1,068,792.00 INR
15000 EUR	1,603,188.00 INR
20000 EUR	2,137,584.00 INR
30000 EUR	3,206,376.00 INR
40000 EUR	4,275,168.00 INR
50000 EUR	5,343,960.00 INR
100000 EUR	10,687,920.00 INR

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