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Get Best Rates for India to Spain Money Transfer

Get exclusive rates for sending money from India to Spain 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 Spain 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 Spain 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 Spain

Currency Conversion

Best Way to Transfer Money from India to Spain

The best way to transfer money from India to Spain 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 Transfer Money from India to Spain 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 Spanish 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 Spain 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 Spain

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

  • Education
    Spain offers a diverse and high-quality education system with renowned universities. Send money for tuition fees, living expenses, and other educational costs for your close ones studying in Spain.
  • Family Support
    Provide financial assistance to family members residing in Spain, be it covering their daily needs or expressing your love on special occasions.
  • Tourism
    Experience the vibrant La Tomatina festival, stunning architecture of Sagrada Família Basilica, and beautiful beaches of Spain. Enjoy a memorable trip or support loved ones on their travels by sending money for flights, accommodation, tourist agents, and other travel-related expenses.
  • Gift Payments
    Show your love and appreciation to your friends in Spain. 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 Spanish bank accounts by the process of NRI repatriation.
  • Emigration and Visa Fees
    Spain welcomes immigrants from around the world, including India. Send money to cover your visa fees, relocation costs, and other immigration-related expenses.

Documents Required for Money Transfer from India to Spain

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

Charges for Money Transfer from India to Spain

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 Spain. Varies by bank

Check Live EUR Rate

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

We understand that timely transfers are important to you. When you send money to Spain 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 Spain can sometimes cause slight delays in processing.

Maximum limit for money transfer from India to Spain

ExTravelMoney follows the RBI’s LRS annual limits for sending money to Spain 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

Transfer Money to 100+ Countries

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Frequently Asked Questions

1. What is the cheapest way to send money to Spain from India?

To find the cheapest money transfer option, compare exchange rates and fees from banks, online platforms, and money transfer services. Online comparison tools like Extravelmoney can simplify this process.

2. Should I have to pay taxes on money transfers to Spain?

Overseas remittances from India are subject to GST (Goods and Services Tax) and TCS (Tax Collected at Source). While GST is mandatory, TCS depends on the purpose and amount of your transfer. To understand the tax implications and exemptions, check out our blog: How Much Money Can You Send Abroad from India Without Tax?

3. How do I confirm that my funds are transferred to Spain?

You'll receive a SWIFT copy from our customer care team once your transfer to Spain is complete. This serves as confirmation and proof of your transaction.

4. Who is eligible to send money to Spain from India?

Indian residents and NRIs over 18 years can transfer money to Spain via ExTravelMoney by following RBI’s Liberalised Remittance Scheme (LRS) guidelines.

5. What information about the recipient in Spain do I need to provide?

To send money from India to Spain, you need to provide beneficiary details such as name, residential address, bank name, branch address, bank account number, and identification code. For more information, watch this quick video: Essential Beneficiary Bank Details

6. Can I pay my child's university fees in Spain using Extravelmoney?

Yes of course! Using Extravelmoney for your tuition payments can often be faster and more convenient than traditional methods. Reach out to us to know how we can assist you in covering your university fees in Spain and all other educational expenses.

7. Can I transfer funds to my family or friends in Spain using Extravelmoney?

Yes, you can send money to family and friends in Spain using Extravelmoney under family maintenance and gift remittance purposes. Get started with your transfer today!

8. What should I do if I have a problem with my money transfer to Spain?

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

9. How can I send money to Spain for travel and tourism purposes?

You can send money to Spain for travel and tourism purposes through banks, money transfer companies, wallet-based money transfer apps, and online forex aggregators such as Extravelmoney. With us, you can compare rates and services from various providers and find the best option for your requirements

10. Are there any hidden charges when sending money to Spain through ExTravelMoney?

No, there are no hidden charges when sending money to Spain via ExTravelMoney. We don’t charge any service or platform fees beyond the offered exchange rate. However, fees from your chosen bank or service provider may apply, which are beyond our control. All charges and the exchange rate are clearly displayed in the order summary before you confirm.