I am flying from BOM to MUC and the current fare is around 565 USD if I book Turkish via Istanbul. However, if I book each leg separately (BOM - IST, IST - MUC and the same for return), I stand to save around $60, which may not be considerable but I'm backpacking and I am looking to optimise my expenses. Any problems I could run into, apart from checking in my luggage again? Both the flights are through the same terminal and there's about 2 hours between each flight.
P.S.- In all probability, I'll still book the $565 fare, but I'm curious to know the answer :)