Home Send Money From Portugal to India

Sending money to India from Portugal

Filter
Amount
2000
EUR
INR
Portugal
EUR
India
INR
EUR
Top Provider
Amount Received
By Bank Transfer
₹166,691.10
Fees: -€5.00
Rate: 83.34553
Payment Options
Speed
Debit Card
Minutes
Credit Card
Minutes
Bank Transfer
Minutes
Key Features
First 3 Transfers Free - use the code 3FREE
Cash pickup to over 170,000 locations
90% transfers completed in minutes
No domestic transfers
Amount Received
By Bank Transfer
₹168,843.28
Fees: €15.00
Rate: 85.05959 *
Payment Options
Speed
Bank Transfer
2 Days
Debit Card
2 Days
Key Features
Fast and Reliable Service
Low Cost
Amount Received
By Bank Transfer
₹169,268.43
Fees: €10.00
Rate: 85.05951 *
Payment Options
Speed
Bank Transfer
Next Day
Credit Card
Next Day
Debit Card
Next Day
Key Features
Offers low rates
Well known brand
Amount Received
By Bank Transfer
₹167,414.72
Fees: 0
Rate: 83.70736
Payment Options
Speed
Debit Card
Minutes
Credit Card
Minutes
Bank Transfer
Minutes
Key Features
No fee for first 2 transfers
Cash pickup to over 200,000 locations
Trusted by more than 1 million customers
Amount Received
By Bank Transfer
₹164,932.94
Fees: €40.00
Rate: 84.14946 *
Payment Options
Speed
Bank Transfer
1-2 Hours
Key Features
BUSINESS CUSTOMERS ONLY
NOT SUITABLE FOR PERSONAL USE
Amount Received
By Bank Transfer
₹163,767.37
Fees: €10.00
Rate: 82.29516 *
Payment Options
Speed
Bank Transfer
3-5 Days
Debit Card
3-5 Days
Key Features
Internationally renowned bank
Current Mid-Market Rate: 1 EUR = 85.059597 INR
* Some rates may be indicative.

EUR to INR

India has been the largest recipient of remittances on record since 2008, and in 2020 the country reported a remittances inflow of 83 billion USD. The nation’s official currency is the Indian rupee which translates to silver or coin in Sanskrit. The ISO (International Organization for Standardization) code for Indian rupees is INR 356 and Mahatma Gandhi has featured on banknotes since the trademark series was first introduced by The Reserve Bank of India (RBI) in 1996. 

 In 2019 India ranked 5th in terms of total Gross Domestic Product and number 11 in total imports, which includes personal remittances. Due to the demand of Indian money transfers, most leading service providers will offer fair exchange rates for EUR to INR: use our comparison engine to find the best deal for you. 

Choosing the best service provider

When considering how to send money India from Portugal there are some key aspects of the transfer to consider. 

The cheapest provider we found is TransferWise at % Above Mid-Market Rate.

If you’re looking for the best combination of price, speed, and reliability we recommend using WorldRemit when transferring EUR to INR.

This means that by using WorldRemit for online money transfers to India from Portugal, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.

Alternatively, if you are unable to access WorldRemit for any reason, our comparison engine has found Instarem and TransferWise also to be very good options when sending EUR – INR.

This recommendation was updated one minute ago.

The cheapest way to send money from Portugal to India

In order to avoid high fees, you should consider the cheapest way to send from Portugal to India.  

TransferWise has been determined by our comparison engine to be currently offering you the cheapest rates possible.

Get the Best Rate and Sign Up for Rate Alerts Portugal to India

The fastest way to send money from Portugal to India

When sending money from Portugal to India, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, WorldRemit is the fastest way to send EUR – INR.

What payment methods are available when sending money from Portugal to India?

Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.

Sending money to India from Portugal using credit card

To avoid high fees you can opt to use an online money transfer provider such as WorldRemit to pay for your transfer to India.

Sending money to India from Portugal using a debit card

With WorldRemit you can send money online to India using your debit card. But before making a payment, make sure you understand all the processing fees in place. 

Using a wire transfer to send money from Portugal to India

Bank and wire transfers are the most common ways of sending money India as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use WorldRemit to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.

If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in India. If you’re unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in India.

When sending money to India from Portugal using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.

On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as WorldRemit, Instarem and TransferWise.

Considerations for a EUR – INR Currency Transfer

Before sending money to India from Portugal, you should consider the following:

  1. The amount you want to transfer: It is likely that the more money you send to India the more value you will get and more INR the recipient will receive. This is because any flat fee charged ends up as a smaller percentage of your transfer amount, and also because many providers allow you to negotiate a better exchange rate margin if sending large amounts.
  2. The EUR – INR exchange rate margin: Money transfer providers charge a small percentage on top of the mid-market exchange rates in order to generate revenue. Current mid market rate is 85.059597 and the lowest exchange rate margin is currently offered by WorldRemit at % above the mid market rate.
  3. Hidden fees & charges: Before sending money to India, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers WorldRemit, Instarem and TransferWise will give insight here.

How to send money from Portugal to India at the best rate?

This one’s easy. Simply use our comparison table above to find the best provider to send EUR to INR. After that it’s just a process of making your transfer via the following steps:

  1. Click “Visit Site” inside our comparison table
  2. Register for an account if required
  3. Input how much you are willing to send
  4. Fund your transfer
  5. Receive & save an email confirming your transfer

How to receive transfers from EUR to INR in India?

Your recipient has a few methods available to receive your money in India. These will vary between providers, but it is possible to find services that will:

If your recipient is going to collect or have the money delivered to them in India, then they will usually need the following:

How much money can be transferred from Portugal to India?

The amount of INR you can receive from Portugal will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers. 

You should also check if there are any government regulations pertaining to the amount of INR that can be received in India or sent from Portugal before making your transfer.

What is an IFSC and will I need one to send money from Portugal to India?
What is an FIRC code and will I need one to send money from Portugal to India?
What is the difference between an NRO and NRE account?