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Get Best Rates for India to Malta Money Transfer

Get exclusive rates for sending money from India to Malta from top providers & banks. Compare rates, book online and get credit in 48 working hours!

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How to Send Money to Malta 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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On Time Transaction

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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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R

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 Malta 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 ...

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Send Money From India To Malta

Currency Conversion

Best Way to Transfer Money from India to Malta

The best way to transfer money from India to Malta 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 Malta Online?

  • Compare Rates and Find the Best Deal - Let us know how much you want to send. We'll instantly show you the best rates from our trusted partners.
  • Quick Verification - The selected money transfer partner will need your KYC documents and your beneficiary's bank details to ensure everything is secure and compliant.
  • Make a Payment - Choose a payment method that suits you (NEFT, RTGS, or online payment gateway), and send the money to your chosen provider.
  • Track Your Transfer - Sit back and relax! Your money will arrive in your recipient's bank account in Malta 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 Malta

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

  • Educational Payments
    Malta offers quality education and research opportunities, with universities and institutions welcoming international students and researchers. Your remittances can support academic pursuits of your dear ones and help manage their expenses such as tuition fees, living expenses, and other educational costs effortlessly.
  • Family Support
    Many Indians have family members in Malta. Sending money can help with everyday expenses, emergencies, or special occasions.
  • Tourism
    Send money to support your travel adventures or help loved ones experience the charm of Malta by covering accommodation, tourist agent payment, and other travel-related expenses smoothly.
  • Gift Payments
    Show your love and appreciation to friends in Malta by sending a thoughtful monetary gift. Whether it's a contribution to a special project or simply a gesture of affection, your remittance can bring joy to those you care about.
  • NRI Repatriation
    Non-Resident Indians (NRIs) working in Malta can easily transfer their income earned in India back to their bank accounts in Malta by NRI repatriation.
  • Emigration and Visa Fees
    Malta welcomes immigrants from around the world, including India. Send money to cover visa fees, relocation costs, and other immigration-related expenses.

Documents Required for Money Transfer from India to Malta

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

Charges for Money Transfer from India to Malta

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 Malta. Varies by bank

Check Live EUR Rate

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

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

Maximum limit for money transfer from India to Malta

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

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Frequently Asked Questions

1. Can I get a total cost estimate before I start a transfer?

Yes, you will see a complete order summary before placing your order. It includes details on the applied exchange rate, bank charges, GST, and TCS, ensuring full transparency on the total cost.

2. Will I have to pay taxes on money transfers to Malta?

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. Can I track the status of my money transfer to Malta?

Yes, you can track the status of your money transfer to Malta through ExTravelMoney. Simply log in to your account, go to ‘My Account’, select your transaction, and click ‘View Status’ to get real-time updates.

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

Indian residents and NRIs above the age of 18 can send money to Malta through ExTravelMoney, provided the transfer complies with RBI’s Liberalised Remittance Scheme (LRS) guidelines.

5. Will the beneficiary in Malta receive the exact amount sent?

Intermediary and beneficiary banks usually charge a processing fee. To avoid deductions, we recommend adding a buffer amount of approximately EUR 24. For education and gift remittances, ExTravelMoney also offers the option for customers to pay the charges upfront, ensuring the recipient receives the full amount.

6. How is ExTravelMoney’s fee structure different from other money transfer services?

ExTravelMoney does not charge any processing or platform fees, unlike many banks and money transfer companies. Since we are a forex aggregator partnered with RBI-approved money transfer providers in India, we offer money transfer services at more competitive exchange rates, helping you save more. However, please note that the processing bank may still charge a fee, which is beyond our control.

7. What exchange rate will I get when transferring money to Malta?

Before confirming your payment, you’ll see an order summary displaying the applicable exchange rate. This is the exact exchange rate at which your money will be sent to Malta.

8. What are the common reasons for delays in money transfers to Malta?

Delays beyond 2 working days can occur due to compliance checks, intermediary or beneficiary bank processes, holidays and time zone differences. For tips on avoiding delays, check out our article.

9. What should I do if my money transfer to Malta fails or gets stuck?

If your money transfer to Malta fails or gets stuck in between, we’ll promptly contact you with updates. All you have to do is provide information if requested and we’ll handle the issue on your behalf, keeping you informed throughout the process.

10. What is the cheapest way to send money from India to Malta?

To find the cheapest way, compare exchange rates and fees from banks, online platforms, and money transfer operators. Online comparison tools like Extravelmoney can make this easy for you.