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ExTravelMoney India's biggest forex marketplace!


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Now transfer money from your Indian bank account to your blocked account in Germany in one go! We fetch you the lowest rates from banks & exchange houses near you. Get credit in 48 working hours!

And More..

Axis Bank & RBL Bank
Open GIC Account & get ₹2500 OFF on 1st transfer
Do any forex transaction & win a Branded Cabin Trolley!
  • I got to know about extravelmoney.com from a friend of mine. The transaction was really simple, fast & flawless. I was impressed with their ability to meet my need, so quickly.

    - Louis T. Cherian, Bangalore

  • Complete process was very hassle free, right from choosing of exchange rate, confirmation of order and receiving money. I am sure I wouldn`t have got this exchange rate and service quality if I directly walked in to anyone of the forex vendors

    - M Aditya Karan, Hyderabad

  • The entire experience was really smooth. I selected selected a vendor who would do door delivery. Got a quote instantly and the currency delivered in few hours. Will highly recommend this service.

    - Pradeep Govindaraju, Chennai

  • I opted for extravelmoney after doing a lot of research and visiting the banks where I have my accounts. The rates are undoubtedly the best in market and the process is absolutely hassle free.

    - Peter Anand Shah, Hyderabad

  • I have used their services twice and it was a hassle free experience. I would definitely recommend to anyone who needs forex.

    - Shiva Kumar, Bangalore

  • Highly delighted. Best exchange rates and good back up support. Overall, an awesome experience. One hundred percent recommended. Hope to deal with them again.

    - Ghouse Syed, Hyderabad

  • It came as a savior to me. The biggest challenge was to find a place nearby that would do it hassle-free at a reasonable price. Extravelmoney helped a great deal with that.

    - Swati Saxena Saxena, New Delhi

  • Extravelmoney.com is a real pain killer for someone travelling abroad for the first time. Awesome service and very very fast response.

    - Manish Kumar, Bangalore

Open Blocked Account in a German Bank via ExTravelMoney.com

  • Open a blocked account in a German bank of your choosing
  • Once the account is opened, we'll transfer your money into your blocked account at the best exchange rates
  • You'll save a minimum of at least 5% compared to regular bank rates
  • Smooth and uncomplicated KYC verification process. Rest easy, we've got you covered.

Enjoy fast blocked account opening & lowest rates on money transfers to Germany

Send Money to Blocked Account Easily!

Get Quotes

Enter the amount in USD & get quotes from nearest banks & exchange houses instantly

Book Online

Compare the quotes, choose one and book your order for sending money from India to Germany

Transfer Funds

Submit KYC & transfer funds as NEFT/RTGS directly to the RBI authorized exchange house.

Collect Bill

Yes, all done! The wire transfer will be initiated the same day & you can collect the SWIFT copy!

Featured in

“...ExTravelMoney has tied up with forex dealers and banks. Through 4000 stores of these partners, it could access the national market....”

“...competition among the different forex providers in the platform leads to better deals for the customers...”

“...ExTravelMoney is fast becoming the single-stop point for travellers, students, and business people travelling abroad...”

ExTravelMoney Is Rated 4.8 Stars by Trustpilot Based On Over 400 Reviews

Why Send Money Abroad via ExTravelMoney?

  Lowest Exchange Rates!

Being a marketplace for remittance services, every exchange house here tries to outbid others. Result, you get the best Euro to INR exchange rate while sending money to Germany from India!

  Zero Commission!

We charge absolutely zero commission on every transaction. No hidden charges either! Pay directly to the chosen exchange house from your bank account, get it transferred and receive bill for the entire amount.

  Expert Guidance

When it comes to outward remittance, the process can really confusing. Our team of remittance experts would guide you through the entire process. They would educate you on remittance limits, required KYC documents etc.

Sending Money from India to Blocked Account in Germany

Extravelmoney helps Indian students heading to Germany send money to their blocked accounts quickly at minimum costs. Students can save up to 5% compared to banks or other money transfer service providers. The entire amount can be transferred in a single transaction. We also provide door-step KYC verification via our 6000+ partnered outlets across India. The whole process can be completed in 48 working hours.

What is a Blocked Account or Sperrkonto?

A Blocked Account is a special type of Bank Account in Germany, specifically for International students who want to study there. A specific sum of money would be deposited per year into the Blocked Account. This money will be used for covering the monthly expenses of the student during their study period in Germany.

In 2020, for students going to Germany for their studies, the minimum amount to be deposited into the Blocked Account has been set as 10,236 Euros.

The Blocked Account acts as proof of funds for your studies in Germany when applying for a German Student Visa. Students must open a student bank account once they reach Germany.

Depending on how much money the student has deposited into their Blocked Account (minimum 10,236 Euros), every month an amount (853 Euros if the minimum amount was deposited) will be sent to the student account to cover their living expenses.

Opening a Blocked Account in Germany

You must open a Blocked Account in Germany from India, even before you apply for your German Student Visa. There are many providers like Fintiba, Coracle, Expatrio, Deutsche Bank, Kotak Mahindra Bank etc. Apply for a Blocked Account with any one of them.

Once account is approved, you can transfer the funds from India to the blocked account via wire transfer. It can take up to 2 working days for the amount to be credited. Receive confirmation and use this during German Student Visa processing.

How to send money to blocked account in Germany from India?

  1. Enter the amount (in Euros) you need to transfer to your blocked account and click on ‘Get Rates’.
  2. Enter your location in India to get bids from RBI authorized exchange houses & banks in your area.
  3. Choose any one bid, and place your order by entering your contact details. You can now upload the required KYC documents.
  4. Once the KYC is verified, you can transfer the funds directly to the exchange house/banks’s account as NEFT/RTGS transfer.
  5. Your money will now be wired. Your blocked account will receive the credit within 48 working hours.

Documents required for sending money to Blocked Account from India

  1. Valid Photo ID and Address Proof of Sender (Passport / Driving Licence / Voters ID)
  2. Indian Passport of the student
  3. Pan Card of the sender
  4. University Acceptance Letter
  5. Blocked Account Opening Letter

Note: The sender must be the student or his/her parents.

Will my Blocked account amount be refunded if my Blocked account application or German student visa is rejected?

Yes, your Blocked amount will be refunded in case your Blocked account application or German student visa is rejected or you withdraw from your course for any reason whatsoever.

For the refund process, you must contact the Blocked account bank and request a refund of funds.

The balance amount will be refunded to you after the deduction of any applicable fees by the Blocked account bank and the sending bank in India (ExTravelMoney does not charge any fees for refund).

The Processing Fee (charged by Blocked account bank) and the Wire Transfer Charge (charged by sending bank when transferring GIC amount from India and charged by Blocked account bank when refunding this amount) are non-refundable.

Also, when refunding the amount in EUR, the receiving bank in India will be getting the amount after conversion to INR at the Outward Remittance Sell Rate (lower than Interbank rate) applicable for the day.

ExTravelMoney.com is not responsible for any fees or charges levied by the sending bank, correspondent bank/intermediary bank, and the Blocked account bank. ExTravelMoney.com does not take liability for any foreign currency exchange gain or loss resulting from processing, transferring, rejecting and returning such funds.

The amount you finally get back after refund of your Blocked account funds may be different from the amount you deposited because of the above-mentioned charges and foreign exchange conversion rate.