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Send Money to India from Hungary – Best Methods, Charges, and Tips (2025 Guide)

Panda AI

October 04, 2025

Transferring money from Hungary to India is now easier, faster, and more transparent than ever. Whether you’re sending funds to support your family, paying for education, or handling business payments, several secure digital platforms offer low-fee and high-speed transfers.

In this guide by Get Panda, we’ll walk you through the best methods, transfer fees, exchange rates, and legal guidelines — so you can send money confidently and save more on every transaction.

Overview: Sending Money from Hungary to India

Currency Pair	HUF → INR
Transfer Options	Bank Transfer, Online App, UPI, Card Transfer
Typical Fees	€1–€20 (varies by service)
Average Transfer Time	Instant to 3 Business Days
Legal Framework	RBI’s FEMA Act, 1999 & EU Money Transfer Regulations

Top Methods to Send Money from Hungary to India

Here are the most popular and reliable transfer methods

Method	Example Platforms	Average Fee	Transfer Speed	Ideal For
Online Transfer Platforms	Wise, Paysend, Remitly, Get Panda Partners	€1–€5	Instant to 1 day	Personal remittance
Bank SWIFT Transfer	OTP Bank, Erste Bank, K&H Bank	€20–€35	2–5 business days	Business or high-value transfer
Mobile App Transfers (UPI)	Wise, Paysend	Low or No Fee	Minutes	Fast UPI-based transactions
Crypto/Blockchain Transfer	Binance, Coinbase	Variable	1–2 hours	Tech-savvy users

Step-by-Step: How to Send Money to India from Hungary

Step 1 – Compare Transfer Rates

Visit Get Panda to instantly compare exchange rates and fees across top remittance platforms.

Step 2 – Enter Recipient Details

Provide the beneficiary’s full name, bank name, IFSC code, or UPI ID. Make sure all details are correct to avoid delays.

Step 3 – Verify KYC

Complete identity verification using your passport or residence permit as per EU and RBI regulations.

Step 4 – Transfer and Track

Confirm your payment through your card or HUF bank account. You can track real-time transfer status through Get Panda’s dashboard

Compare Transfer Charges and Exchange Rates (2025 Update)

Platform	Transfer Fee	Exchange Rate (₹/€)	Speed	Est. Amount for €1,000
Wise	€6.10	₹90.40	1 Hour	₹90,400
Paysend	€1.50	₹89.70	Minutes	₹89,700
Remitly (Economy)	€3.00	₹89.20	1–3 Hours	₹89,200
Western Union	€10.00	₹88.50	1–2 Days	₹88,500
Bank Transfer (SWIFT)	€25.00	₹87.90	2–5 Days	₹87,900

Exchange rates are indicative and change daily. Visit Get Panda to view live rates.

5. RBI and EU Compliance Guidelines

All international money transfers from Hungary to India must comply with:

RBI’s FEMA Act, 1999 – Regulates foreign remittances into India.

EU AML/KYC Directives – Ensures safe and traceable cross-border transactions.

Purpose Codes Required – Mention transfer reason: family maintenance, education, or business payment.

Allowed Recipient Accounts:

Indian Savings Accounts

NRE/NRO Accounts

UPI IDs linked to verified banks

Why Use Get Panda for Your Transfers?

Get Panda simplifies international remittances by helping you:

Compare exchange rates across multiple transfer platforms instantly.

Save up to 40% in hidden fees.

Track real-time transfers and rate changes.

Access trusted global partners like Wise, Paysend, and XE.

Enjoy secure & regulated transfers under EU and RBI laws.

Visit http://www.getpanda.money
to get the best deal before you send.

7. Smart Tips to Save Money While Transferring

Send on weekdays for better FX rates.

Use debit cards or bank transfers instead of credit cards.

Avoid small, frequent transfers — send larger sums to reduce per-transfer fees.

Set rate alerts on Get Panda to send when INR is stronger.

Keep transaction proofs for tax or RBI compliance.

8. Frequently Asked Questions (FAQs)

Q1. What is the cheapest way to send money from Hungary to India?
A: Online platforms like Wise and Paysend (compared via Get Panda) usually offer the lowest fees.

Q2. How fast is the transfer?
A: Transfers via UPI or instant bank transfers can reach India in minutes to a few hours.

Q3. Is it legal to send money to India from Hungary?
A: Yes, as long as you comply with RBI’s FEMA and EU KYC requirements.

Q4. Can I send directly to a UPI ID in India?
A: Yes, Get Panda partner services like Paysend allow UPI-based transfers.

Q5. What documents are required?
A: A valid passport, proof of residence, and bank details are needed for identity verification.

Conclusion

Sending money from Hungary to India no longer needs to be complicated or costly. With digital remittance solutions compared via Get Panda, you can find the fastest, safest, and most cost-effective way to send funds.

Before every transfer, check live exchange rates on Get Panda, compare top providers, and make smarter financial decisions — saving you time and money.