Send Money Abroad From India to Spain
Sending money abroad from India to Spain is becoming increasingly popular these days. When a person from India travels to Spain for various reasons such as pleasure, education, or health treatment, an international money transfer from India to Spain is a necessary element of the trip. So, if you're one of those with an urgent need to send money overseas, this post will help you out. We have compiled a list of all the necessary procedures and data you will need when making an international money transfer from India to Spain to assist you.
What are the necessary documents to send money from India to Spain?
- Remitter's PAN card
- Another KYC is based on the transaction's purpose
Please remember that a PAN card is required for all foreign fund transfers made from India. So, if you're sending money overseas, be sure the sender has a PAN card to complete the transaction smoothly.
Get Free AssistanceWhat are the most important factors to consider when sending money internationally from India to Spain?
The following are the most significant considerations to make before sending money from India to Spain:
- Choose any authorized service provider who holds one of the following licenses from the Reserve Bank of India: AD I, AD II, or FFMC.
- Under the Liberalized Remittance Scheme, an Indian resident can send up to USD 250,000 every financial year for their needs abroad.
- Attempt to get as much information as possible on the most recent currency exchange rates and other service costs to carry out a smooth and cost-effective method of sending money overseas from India to Spain. Because foreign exchange rates fluctuate frequently, it is critical to examine the rate before selecting a service provider, mainly if the amount is tremendous.
- The services of authorized money changers rely on the Reserve Bank of India's approved standards and regulations, frequently established with customers' best interests in mind. As a result, such service providers are reliable and secure for international money transfers from India to Spain. They will also give you services for a small transaction cost.
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What is the best way to send money from India to Spain?
If you need to send money internationally from India, particularly from India to Spain, please get in touch with us via our website www.remitforex.com and submit a request, or call us at 1800 102 0555 WhatsApp us at +91 8129922232 or send us an email 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
remitforex helps you to do an international bank transfer. It is usually the best way to transfer money to a Spanish bank account because it is secure, fast and cheaper than other cash, credit or debit cards. You will need the IBAN of the account in Spain you wish to send the money to.
The safest way to transfer money is to use a reputable, regulated money transfer provider like remitforex. Companies specialising in international payments, with robust security measures will help protect both parties involved in an international transaction.
- Fee Payments to Universities in Spain
- Living Expenses of Indian Students in Spain
- Remittance by tour operators to agents or hotels in Spain
- Emigration/Visa fees
- Fee for participation in conferences or training
- Beneficiary Bank Name & Address
- Beneficiary Name & Address (as given in bank)
- SWIFT Code & IBAN number
- Beneficiary Account Number
There is no limitation on the frequency or the no. of times funds is sent abroad from India, and only the Total Limitation is fixed at 2,50,000$ in a FY.
- Global funds transfer service. You can accept funds from overseas directly into your bank account, using a multinational funds transfer service.
- Bank-to-bank transfer.
- International money order.
- Cash pick-up.