Best Ways to Transfer Money from India to Germany
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Sending money from India to Germany is very important for students who want to study there. It can be for blocked account, tuition fees, or living expenses. Choosing the right way to send money can save money and stop problems. This guide shows how to do it step by step.
Sending money to Germany is one of the most crucial aspects for Indian students moving abroad for higher studies. Whether it’s transferring funds for your German blocked account, tuition fees, or simply receiving money from home during emergencies, understanding the right way to transfer money can save you time, money, and unnecessary stress.
The cost of studying in Germany across private universities is around 10,000 euros/year to 20,000 euros/year. So, candidates have to make sure to have enough money during their period of studying in Germany.
There are now many safe and easy ways to send money abroad. This article includes the details on almost everything you need to know about sending money from India to Germany, including how much you can send, taxes, and new online options.
Knowing these details will help you send money smoothly and focus on your studies in Germany.
- Why Do Indian Students Need to Send Money to Germany?
- Two Ways to Send Money to Germany
- What Is TCS and How Does It Impact Your Transfer?
- Best Blocked Account Provider in Germany
Why Do Indian Students Need to Send Money to Germany?
If you want to study in Germany, you need to send money for some important reasons:
- Blocked Account Deposit (needed for visa): €11,904 (2025)
- University Tuition Fees for private or non-free programs
- Monthly Living Expenses in Germany sent by family
- Emergency Funds or gifts from family
It is important to have a trusted, cheap, and easy way to send money so you can meet your visa and living needs.
Predict your IELTS, TOEFL, and PTE in just 4 steps!
Also Read: Admission Deadlines for German Universities
Two Ways to Send Money to Germany
You can use banks or online websites to send money to Germany from India. Students and parents send money for visa, tuition fees, and living expenses.
1. Banks in India
Big banks like ICICI, HDFC, Axis, and SBI can send money abroad.
- Benefits of using these Banks:
- It is safe and trusted
- Can send any amount of money you want
- In case of any help, you can consult the bank branch.
Example: ICICI Bank
To send €11,904 (about INR 10,73,500)
- Rate: INR 91.43 per Euro
- Total cost: INR 11,54,530
- TCS: Extra 5% if more than INR 7,00,000 in a year, you can get it back later through ITR
Using banks is safe but it can be slow and cost more, but many students use it for big payments
Also Check: Cost of Living in Germany for Indian Students in 2025
2. Online Remittance Services
These online services are becoming popular because they are cheap, fast, and easy. The three most trusted services are:
a) Wise (TransferWise)
It shows real exchange rates and transparent fees
One can easily pay with UPI, bank transfer, debit card, or credit card
There is no need to have Wise bank account
Example:
Send €11,904, Total cost: approx. INR 10,87,690
Exchange rate: INR 91.34
Fees: INR 1,645
Save: INR 15,000–18,000 compared to ICICI
b) Instarem
Good first-time transfer rates
Easy customer support
Example:
Total cost: INR 10,88,447
Fees: INR 1,600
Rates similar to Wise
c) Remitly
The delivery of amount is very fast
They charges little higher fees but has promo rates for new users
Example:
Total cost: INR 10,92,900 (fees: INR 2,759)
All three services are good, but Wise and Instarem are better for students sending big amounts like blocked account deposits.
What Is TCS and How Does It Impact Your Transfer?
One might encounter the term TCS, while sending money to Germany from India. The TCS stands for Tax Collected at Source. It is not a fee, but a tax deducted when sending large amounts abroad under the Liberalised Remittance Scheme (LRS).
When is TCS Applied?
- If you transfer more than INR 7,00,000 in one financial year
TCS Rates (2025):
| Purpose of Remittance |
TCS Rate |
|---|---|
| Above INR 7,00,000 for education (self-funded) |
5% |
| Above INR 7,00,000 using an education loan from a financial institution |
0.5% |
Example:
If you are transferring INR 11,00,000:
- TCS = 5% on INR 4,00,000 = INR 20,000 (refundable when you file your ITR)
Many students split the amount — part transferred by parents and part by students — to stay under the INR 7L threshold and reduce TCS.
Also Read: Cheap and Affordable Universities in Germany
Best Blocked Account Provider in Germany
When sending money for your blocked account, choose a provider that is:
- Recognized by German authorities
- Secure and transparent
- Provides support in case of issues
Why Do We Recommend Expatrio?
- Fully online setup
- Works with major remittance services
- Great user experience
Benefits of Expatrio’s Value Package:
- €69 blocked account setup fees refunded
- Free incoming health insurance (worth up to €95)
- Up to €90 cashback on TK Flex health insurance
- Free German bank account for payouts
- Free international student ID card (worth €18)
- Instant local banking with Apple/Google Pay support
Expatrio is one of the few services used and trusted by thousands of Indian students over the years.
You can send money to Germany using an app like Wise, Revolut, or BookMyForex. Just type the amount in INR, add the bank details of the person, upload your documents, and pay with your bank or card. The money will go to their bank in euros.
Wise, Revolut, and Remitly work well in Germany for receiving money. The recipient in Germany can get the money in their euro bank account using these apps.
Statement of Purpose
Letter of Recommendation
Student Visa Application
Admission Essay Writing
Student Curriculum Vitae
Wise is one of the best apps for sending money from India to Germany. It is cheap, fast, and shows you all the fees up front. Revolut and BookMyForex are also good options.