Read this before you convert EUR to INR. There are some hidden charges you may not be aware of, and we’ll reveal them in this article. Take notes and make your international money transfers beneficial and stress-free.
What are the hidden costs of remittances?
How to avoid hidden fees
The service you can trust
How to convert EUR to INR
FAQ
What are the hidden costs of remittances?
EUR to INR conversion can be tricky if you don’t know what’s hiding behind the rate and fees numbers. Here are some common charges for money transfers online.
EUR to INR rate differences
You’ve probably noticed that the rates of banks and services aren’t the same. It happens because companies have control over the EUR to INR rate they offer:
- Some make it poorer to earn more.
- Others, on the contrary, adjust their rate to attract more customers with cost-effective transfers.
These are the rules by which international money transfers are made. As a sender, you should understand them and compare offers accurately.
Intermediary bank fees
Sometimes your Euro to Indian rupees transfer should pass through several banks to reach its destination. Coming to terms with long waiting times is already a challenge, but sudden charges from all these banks can become the last drop.
The only way to avoid this is to find a transparent service. It should show all the details about the upcoming EUR to INR conversion, preferably, before you hit ‘Confirm’…
Recipient bank charges
The bank you're sending money to can also impose fees – it seems like everyone wants to charge you for the EUR to INR conversion. To be prepared in advance, read their terms and ask those who have already sent EUR to INR to this bank.
Payment method charges
Depending on the method of payment you use, your bank may apply additional charges. It generally happens with credit cards, so try to use debit ones more often when sending EUR to INR.
Transfer speed fees
Many services offer several delivery options for EUR to INR transfers: instant, same-day, or standard transfers. Instant ones usually come with a higher fee. Make sure you actually need the speed before paying more for it.
Secondary conversion
If your recipient's account isn't in INR (for example, it's in USD), their bank may automatically convert it again, typically at a poor exchange rate. Always check the currency of the destination account before sending Euro to Indian rupees.
Unfair companies
Not everyone has strong moral principles. Some companies keep back information about their fees and hope you won’t notice it once the Euro to Indian rupees transfer is complete. The solution here is simple – read reviews, test services with small transfers and follow friends’ recommendations.
This was the remittance cost breakdown. Knowledge is power, so next time you convert Euros to Indian rupees, do it via a service that is fully transparent.
More tips for Indians abroad:
How to avoid hidden fees
We already mentioned several tips for your EUR to INR conversion, but let’s put them in a more structured and expanded way.
Read reviews
Luckily, you’re not the first person on Earth to convert Euros to Indian rupees. A vast amount of experience has been accumulated since the launch of EUR to INR money transfers online, and it's now shared all over the internet. So, if you're interested in a particular service, visit Trustpilot, Google Reviews, TikTok, or any other platform and ensure the company is honest with its clients.
Make small test-transfers
If you have some spare funds to convert EUR to INR, don’t start with the huge sums. Instead, send a small transfer and check if the recipient gets the same amount of money. Thus, you can spot dishonest companies early, before you lose your hardly earned income.
Check the total cost before confirming A transparent service should display the final amount in INR and all fees before you confirm the transfer Euro to Indian rupees. If something is unclear or hidden behind vague wording like “may apply,” that’s a red flag.
Choose the right account type for recipients
If your recipient has both NRE and NRO accounts, clarify where the funds should go. Sending Euro to Indian rupees to the wrong one can cause extra conversion or processing fees.
Ask customer support for details
If you’re unsure about hidden costs, contact support before you convert Euros to Indian rupees. The quality and transparency of their response can tell you a lot about the company’s ethics.
To save you time, we have one tip for you – convert Euros to Indian rupees with Profee.
The service you can trust
Profee is what you need for transparent and beneficial Euro to Indian rupees transfers.
No lies
When you start to convert EUR to INR, Profee will display the exact amount the recipient will receive. The service is free from hidden fees – it prioritises customers over unfair profit. So, your remittance experience will be effortless and pleasant.
Top security
Another key point is the safety of your transfer. Profee is fully licensed, holds a PCI DSS Level 1 Certificate, utilises end-to-end data encryption, and monitors fraud activity. If the last sentence seemed like a magical spell in Latin to you, here's the analogue: Profee is as secure as the banks you use. Convert Euros to Indian rupees without a worry.
Fits your budget
We bet the next paragraph will make you fall in love with Profee. Firstly, the service constantly monitors the rates and shows up-to-date Euro to Indian rupees information. Secondly, the rates are beneficial – you’ll enjoy the offer. Thirdly, the EUR to INR rate will be locked during the transfer, live fluctuations won’t affect how much your recipient gets. Lastly, Profee occasionally shares promo codes for a 0% fee, read email, enable push notifications, and grab gifts.
This is too good to resist, so let’s explore how to convert EUR to INR with Profee.
How to convert EUR to INR
The conversion won’t take long. Start with preparing your set-up: a working device, access to the internet, a comfortable place and a good mood. You don’t need anything else, transfers can be made from home, office or even the beach.
Step 1: Join Profee
Quickly register with your email, phone or Apple/Google ID. Before the first transfer, we’ll ask you to provide your full name, current address and country of origin to verify your identity. It’s a standard procedure – nothing to be scared of.
Step 2: Add the transfer amount
You can enter the amount in rupees or euros; our calculator automatically converts the currency in both directions. The final amount you see includes all charges, ensuring you know exactly how much money reaches India.
Step 3: Select payment method
Visa, Mastercard, Apple Pay, Google Pay, SEPA, Klarna. Profee has plenty of options for you. Pick what’s most convenient now and switch to other methods in the future.
Step 4: Enter the recipient details
Tell us where to direct your money. We’ll need the full name and a bank account number of the recipient to send funds to the right place.
Step 5: Review and confirm
The most crucial step. Spend an extra minute to spot typos and mistakes; it'll prevent you from wasting hours on figuring out where your money went. Once everything is correct, approve the transfer.
Now you know how to convert EUR to INR with Profee, so nothing stops you – make your first transfer today.
FAQ
What do hidden fees mean?
Hidden fees are charges that you're not notified about before the transfer.
Are hidden fees bad?
Yes, they are unexpected and can ruin your budget plan. Imagine your family has to pay 100 EUR for utilities. If they receive 98 EUR, they have to find extra cash or wait for another transfer – new fees, new conversion, and new losses.
What are the hidden costs of remittances?
Recipient bank fees, third-party fees, service fees, payment method fees and many more. Legit services display the exact amount to be received, so you shouldn’t be too stressed about hidden charges.
Can I transfer money from the Netherlands to India?
Yes, you can send money from the UK, the Netherlands and other European countries to India via Profee.
Can a son gift money to a father in India?
Absolutely. You can easily and legally send money to parents, relatives, friends, and other people in India with Profee.
