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Get Best Rates for India to Italy Money Transfer

Get exclusive rates for sending money from India to Italy from top providers & banks. Compare rates, book online and get credit in 48 working hours!

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Credit in 48 working
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How to Send Money to Italy from India?

1
Book & Verify

Compare live rates from trusted exchange houses and banks online. Book & get KYC verified.

Book & Verify
2
Transfer Funds

Securely transfer funds to your chosen exchange house or bank via NEFT/RTGS.

Transfer Funds
3
Get Credit!

Sit back and relax! Your beneficiary will receive the funds within 48 working hours.

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Why People Prefer and

Trust

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34%

orders from customer referrals

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saved for customers

100%

On Time Transaction

9+

years of experience

Experiences from our customers

Real experiences from people who've trusted us with their currency and transfer needs.
R

Ravi Krishnamurthy

Money Transfer

It has been a really wonderful experience remitting fees for my daughter for her university through Extravelmoney. The rates are very competitive and ease of operation also. Money reached the university with in 24 hours, that was pretty fast.

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S

Subhradeep Haldar

Money Transfer

My parents have been using their services since 2020, to remit funds to me in Poland. The executives are very helpful and responsible. Never had any issues with them and I do recommend using their services.

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K

Kishore Reddy

Currency Exchange

Sold Pounds almost at 14 paise less the running rate. Extravelmoney shows you all forex sellers near your vicinity, simply choose one of them, show your ID proof and collect money! The best feature is the price lock option which was very beneficial in my case.

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S

Sanketh Rao

Money Transfer

This has been the easiest and most economical way to transfer money to Canada. I got in touch with them through a friend's recommendation. Ms. Mary processed things for me so quickly. Even after moving to Canada, I used their service, again happened absolutely seamlessly.

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V

Vaishnav Meduri

Money Transfer

Did a transaction for the first time for my son's education requirements for 20k USD. Got a savings of INR 25k compared to bank rate card. A friendly economical service by Extravelmoney.

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Sanoj Sudhakaran

Forex Card

I booked Malaysian Ringgit currency and Singapore dollars in forex card from ExTravelMoney at 1 AM, got a call from the team within 5 minutes and got currency and card delivered by 4 PM. Really impressed with their services. Will recommend them, 10/10!

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Why Send Money to Italy via ExTravelMoney?

Marketplace
Advantage

Being a Forex marketplace, every exchange house here tries to outbid others. Result, you get the best exchange rate in the market!

Fast Processing

We understand your commitments and that is why we strive to complete every transaction, the same day of placing the order.

Zero
Commission

We charge absolutely zero commission on every transaction. No hidden charges either! Pay directly to the chosen exchange house or bank.

Personal Advisor

You will have a dedicated personal advisor who will guide you throughout the process. Get accurate information and guidance on KYC, TCS and everything else.

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Excerpts From the Press.

...Travelers can compare the rates of various dealers in their city and get forex delivered...

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...Extravelmoney ensures a smooth experience for customers while transferring money abroad..

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...For students, these cost-saving measures can result in annual savings of ₹30,000 to ₹50,000 ...

The Hindu Business Line

Send Money From India To Italy

Currency Conversion

Best Way to Transfer Money from India to Italy

The best way to transfer money from India to Italy is by wire transfer through the SWIFT network.ExTravelMoney is an online marketplace connecting you with RBI’s AD-Category II licensed exchange houses and prominent banks all over India. You can compare and get the best exchange rates and lowest bank fees compared to directly approaching them, and that too with zero platform fee.

How to Send Money from India to Italy Online?

  • Compare Rates and Find the Best Deal - Enter your transfer amount, and we'll show you the most competitive rates from our partners.
  • Quick Verification - Upload your KYC documents and your beneficiary's Italian bank details for secure verification.
  • Make the Payment - Send the transfer amount to your chosen provider using NEFT, RTGS, or the provided online payment gateway.
  • Your Money is on the Way - Your money will arrive in your recipient's bank account in Italy within 4 to 48 hours, and we'll keep you updated throughout the process.
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Common Purposes for Sending Money from India to Italy

Under the RBI’s Liberalised Remittance Scheme (LRS), Indian residents and NRIs can send money to Italy from India for various purposes by submitting the required KYC documents. Here are some of the most common reasons:

  • Educational Payments
    Italy is home to Indian students who choose higher education in fields such as fashion, design, the arts, and engineering. If your family member is studying in Italy, you can send money for tuition fees, living expenses, and other educational costs.
  • Family Support
    Many Indians have close relatives in Italy. Sending money can help with everyday expenses, medical needs, education, or special occasions like weddings or festivals.
  • Tourism
    Provide financial assistance to family members residing in Italy, whether to cover their daily needs or express your love on special occasions.
  • Migration and Visa Fees
    Italy welcomes immigrants from around the world, including India. Indians can send money to Italy to process work visas and other migration-related paperwork.
  • Gift Payments
    Show your love and appreciation to your friends in Italy. Send a thoughtful amount as a gift to them for financial needs or celebrations.
  • NRI Repatriation
    Non-resident Indians (NRIs) can easily transfer their income earned in India from their Indian bank accounts to their Italian bank accounts by the process of NRI repatriation.

Documents Required for Money Transfer from India to Italy

1
Sender’s Government-issued photo ID proof (Passport/Voter’s ID/Aadhar Card)
2
Sender’s PAN card copy
3
Filled A2 Form (will be provided) and declaration signed by the sender
4
Purpose proof (as instructed)
5
Beneficiary passport copy

Beneficiary Details to be Shared

  • Beneficiary Name & Address in Italy (as mentioned in the bank)
  • Bank Name & Address
  • SWIFT Code & IBAN
  • Account Number

Charges for Money Transfer from India to Italy

Charge Type Description Average Amount Charged
Currency Conversion Rate The exchange rate at which INR is converted into EUR (Euros). Varies with live market rates and city
Platform Fee The service fee for using the platform and processing the transaction. Nil
Sending Bank Charges Processing fee charged by the partnered bank or remittance provider. ₹300 – ₹600
Intermediary Bank Charges Deducted by intermediary banks in the SWIFT network. Can avoid deduction by
paying forefront with the ‘OUR’ option.		 ₹1,500 – ₹2,500
Beneficiary Bank Charges Processing fee deducted by the beneficiary bank in Italy. Varies by bank

Check Live EUR Rate

How Long Does a Money Transfer from India to Italy Take?

We understand that timely transfers are important to you. When you send money to Italy through ExTravelMoney, your funds shall reach the beneficiary within 4 to 48 working hours.

To ensure your transfer is processed as quickly as possible, we encourage you to send your payment before 2 PM IST. This allows us to initiate your wire transfer on the same day. Also, be mindful that weekends and bank holidays in India, the USA, and Italy can sometimes cause slight delays in processing.

Maximum limit for money transfer from India to Italy

ExTravelMoney follows the RBI’s LRS annual limits for sending money to Italy from India. We do not exercise any daily, monthly, or annual limits apart from the LRS limit.

Residential Status Account Type Maximum Remittance Limit
(in a financial year)
USD INR (approx) EUR (approx)
Resident Indian Savings Account 250,000 2,17,00,000 238,000
Non-Resident Indian NRO Account 1,000,000 8,69,00,000 952,000
NRE Account No limit No limit No limit

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Frequently Asked Questions

1. What are the fees for sending money to Italy from India via Extravelmoney?

While Extravelmoney doesn't charge a fee for sending money to Italy, there might be fees from your bank/money changer and intermediary banks. We'll show you all applicable fees and our exchange rate in your order summary before you finalise your transfer, so there are no surprises.

2. What factors affect the time it takes to send money to Italy?

Several factors affect money transfer timing to Italy: Sending, intermediary and beneficiary bank processing, time-zone differences, weekends/holidays, regulatory checks, or even incorrect or insufficient payment details from the sender’s side. For more details on avoiding delays, read our blog: 7 Expert Reasons for International Money Transfer Delays.

3. What should I do if I have a problem with my money transfer to Italy?

If you have a problem with your Italy money transfer, first check the status online. If the issue persists, contact Extravelmoney support immediately with your transfer details. We're here to help!

4. Can I use Extravelmoney to pay my tuition fees at an Italian university?

Yes of course! Using Extravelmoney for your tuition payments can often be faster and more convenient than traditional methods. Contact us to find out how we can help you pay your Italian university fees and all other education-related expenses.

5. How can I transfer funds to Italy for my film production expenses?

You can transfer funds to Italy for film production expenses through traditional service providers like banks and money transfer companies. You can also opt for online forex aggregators like ExTravelMoney for exchange rate comparison and online processing.

6. How can I transfer money from India to Italy online?

You have several options for online money transfers from India to Italy: Your bank's NetBanking portal or app, wallet-based money transfer apps, and online forex aggregators like Extravelmoney. Extravelmoney lets you compare rates and services from different providers to find the best option for your needs.

7. Do I need to have an account in the particular bank I choose for the transaction?

No, you don’t need to have an account with the bank you choose for your money transfer to Italy. Unlike traditional banks where only account holders can make outward remittances, ExTravelMoney gives you the freedom to send money without opening a new account or undergoing any registration process.

8. How will the recipient in Italy receive the money I send?

The funds you send will be electronically transferred and credited to the beneficiary's bank account in Italy.

9. What are the accepted payment methods for initiating a money transfer to Italy?

Bank and RBI-authorised money changers partnered with ExTravelMoney accept payment as NEFT, RTGS and through a payment gateway.