How to Send Money to Netherlands from India?

Transferring Money from India to Netherlands can be done in 4 simple steps.

• 1. Enter the amount in Euro you need to transfer, the purpose of remittance and click on 'get rates'.
• 2. Compare the exchange rates from nearest authorized exchange houses and choose any.
• 3. You can now share the required KYC documents for verification. Once verified, transfer the amount to the chosen exchange house via NEFT/RTGS.
• 4. Wire transfer will be initiated as soon as the amount is credited. The money should be credited in the beneficiary account within 48 working hours.

1) Main Purposes of Sending Money to Netherlands from India

• Fee Payments to Universities in Netherlands

• Living Expenses of Indian Students in Netherlands

• Remittance by tour operators to agents or hotels in Netherlands

• Emigration/Visa fees

• Fee for participation in conferences or training

2) Documents Required for Wire Transfer from India to Netherlands

Any of these documents can be required depending on the purpose of remittance.

• Govt issued photo ID proof of the sender (Passport/Voter’s ID/Aadhar Card)
• PAN card copy of the sender
• Filled A2 Form cum declaration with signed by the sender
• Purpose proof (University letter/Prospectus) stating the amount to be transferred and account details (for tuition fee payments only)
• Beneficiary passport copy (for maintenance of close relative & gift remittance only)

3) Beneficiary details to be shared:

• Beneficiary Bank Name & Address
• Beneficiary Name & Address (as given in bank)
• SWIFT Code & IBAN number
• Beneficiary Account Number

Notes:

• All foreign currency transactions are subject to Service Tax.
• Foreign Exchange and Money Transfer services are available though Tied-up Reserve Bank of India approved Authorized Dealers only. All foreign exchange transactions are subjected to AML/CFT/KYC & FEMA policies instructed by Reserve Bank of India.