International Money Transfer From India to Portugal
Want to send money urgently from India to Portugal?
Have you ever heard of the simple procedures for sending money internationally from India to Portugal for your urgent needs? Don't worry; we've got all you need to know about the best ways to send money internationally from India to Portugal and the most reliable providers on which you can rely for your money transfer. Prepare to ship cash without any problems now.
Documentations Needed
- Your legitimate ID evidence and
- PAN card
These are the most essential and required documents when sending money abroad.
These will assist you in making an easy international money transfer from India to Portugal.
Remember these while sending money internationally from India to Portugal?
- While sending money overseas, keep an eye on the foreign currency rates when selecting providers. Because foreign currency rates fluctuate, it's always a good idea to verify the rate before choosing a service provider, especially if the amount is significant.
- Even if the transfer is done regularly or at irregular intervals, it is best to rely on certified service providers who offer set transfer prices.
- Authenticated service providers frequently follow the norms and guidelines set out by regulators, commonly developed with clients' best interests in mind. As a result, such service providers are trustworthy and safe for international money transfers.
- It is often beneficial to seek the assistance of a business professional or at least someone with relevant experience to assist you with the fundamentals, other know-how, and cost-effective options.
Million Happy Customers
Billion Remittance in a year
Transactions processing every year
Branch Network.
Agent Locations
Corporate Tie-ups
Education Consultancies Onboard as Partners
How do you send money internationally from India to Portugal securely and conveniently?
- Select a remittance partner who is legally allowed to do so: For a safe and hassle-free international money transfer from India to Portugal to other countries, always use an approved dealer having an AD II or AD I licence from the Reserve Bank of India.
- Know how much you can spend: Under the RBI's Liberalized Remittance Scheme, beneficiaries receiving money from India are subject to specific restrictions and guidelines. An Indian citizen can send up to USD 250,000 per financial year to meet their needs in another country.
- Foreign exchange rates: For a seamless and cost-effective manner to send money overseas from India to Portugal, it is always good to gather information on the most recent exchange rates and associated costs of the services accessible.
What should I do if I need to send money internationally from India to Portugal?
If you need to make an international payment from India, mainly to Portugal, please get in touch with us by visiting our website www.remitforex.com and submitting an inquiry, or by calling us at 1800 102 0555 , WhatsApp us at +91 8129922232 , or email us at care@remitforex.com. You can also go to any Unimoni -remitforex branch in India for a hassle-free and quick transfer out of India.
Frequently Asked Questions
- Government distributed photo ID proof of the money remitter.
- PAN card copy of the fund transferor
- Duly filled A2 application form cum declaration with customer signature
- Other KYC’s as requested by authorized service provider for transferring funds to Portugal
According to the RBI's LRS policy, Indians can transmit up to $250,000 (or its equivalent) per person per financial year to the Portugal. You can send money to the Portugal either online or with a demand draft.
There is no minimum amount as such set by remitforex or the banks involved in the international money transfer.
- Name of the Beneficiary Bank, Swift Code, Routing Number, and Correspondent Account Number
- Name and Address of Beneficiary (as given in bank)
- KYC requires the remitter's name, account number, and transaction purpose.
- A2 form completed and signed cum declaration
You can pay for your transfer to Portugal using an online money transfer provider to avoid high fees. But before making a payment by using credit or debit, make sure you understand all the processing charges in place.
- Overseas Education
- Overseas Employment
- Emigration Fees
- Visa Fees
- Maintenance of Close Relatives
- Medical Treatments Abroad
- Gift Remittance/Donations
- Film making
According to the new rule, all remittances over INR 7 lakh will be subject to a 5% TCS (tax collected at source) under the RBI's Liberalized Remittance Scheme (LRS). The application of Tax Collected at Source was notified by the Finance Act of 2020 on March 27th, 2020, with effect from October 1st, 2020.