About EURO and INR
The EURO and INR, that are the currencies being used in the two subject states, have gained fame and recognition by the World Bank. This is because they rank among the most used and remitted currencies and often cross international borders as compared to other currencies around the world.
The reason behind this is that many freelancers, friends and families as well as immigrants located in India often require transfer services that enable them to get money from their counterparts in France.
Learn how quickly you can make your transfer in easy steps and get that EURO converted to INR at affordable rates.
Top-notch services to use when sending money from France to India
Some channels through which you can send money may hurt your pockets. However, ERIQ emphasizes on the fact that you do not have to dig deep to get your money to India from France. All you need to do is have pin-point knowledge and guidance on what to choose. We gladly offer you that.
Some of the options we recommend when transferring money from France to India include:
Online Money Transfer Companies
Online money transfer between France and India has shot up because they offer the safest and fastest way to send money to India from France. Some of them include;
WorldRemit
CurrencyFair
Remit Money
Instarem
Remitly
TransferWise
Azimo
In-store service providers
XendPay
Travelex
Skrill
Western Union
MoneyGram
The above service providers offer different transfer limits among other specifications. You may want to click on their links that we have sorted out for you here at Exchange Rate IQ for more information concerning them.
5 things to consider before sending money from France to India
You have to look at a number of factors when considering the best way to send money from France to India. The factors listed below will not only ensure that you get the most out of your transfer, but will also ensure that you can cope with emergencies better. Some of the questions to ask yourself before choosing a transfer option are:
Are the exchange rates favorable for me? Am I being offered the best rate there is in the market, one that is closer to the interbank rate?
Will my transfer reach my recipient on time? Are there any further processes that have to be followed before my money is released to my recipient?
Are the transfer limits favorable? Will the transfer option I choose accommodate my cash effectively?
Are there any extra fees charged and does it match the services the option I choose offers? Are there better alternatives?
Do I need to have a bank account to send money from France to India or are there services that offer solutions to people who are marginally banked?
Yes, anyone can send money from France to India irrespective of their nationality. The international transfer system enables you to remit money across this border as long as you provide your details and proof of your government-issued ID.
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You can transfer Euros to the Indian bank account from France using the services of any of the above-listed companies as they are offering great exchange rates and low transfer fees compared to what the banks are providing. So, select the one which suits the best to your requirements and sends money faster.
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There is no limit on sending money from France to India, but you have to pay the required taxes. However, there is a limit of US $14,000 per person one can send and receive as a gift. If you send any amount above the US $14,000 then you have to pay gift tax on it.
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Many money transfer companies have limits to how much money you can transfer to India from France while some do not. If you plan to send money to India several times a day, you will want to confirm if the service provider you want to work with has such limits.
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