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Best Ways to Send Money from Germany to India

Country from
Country to
You send
To
  • 100 EUR =
    8,497 INR
    Next day
    1st transfer is FREE up to £1000 equivalent for Monito users
    Best deal
    Monito Score
    9.5
    Go to Wise
    You pay
    100 EUR
    Payment options
    1st transfer is FREE up to £1000 equivalent for Monito users
    Applies to new Wise customers only. Available on first transfer only.
    • Debit card Next day
      1.42 EUR 0 EUR
    • Credit card Next day
      1.42 EUR 0 EUR
    • Direct bank payment 2 days
      1.13 EUR 0 EUR
    • Bank transfer 3-5 days
      1.01 EUR 0 EUR
    • International bank transfer 3-5 days
      1.01 EUR 0 EUR
    Exchange rate
    Wise's exchange rate (1 EUR = 84.9661 INR) is 0.04% better than the mid-market exchange rate, subtracting -0.04 EUR from the total cost of this transfer.
    -0.04 EUR -0.04 EUR
    8,497 INR
    arrives in India
  • 100 EUR =
    8,467 INR
    Same day
    Preferential fee and/or exchange rate only on your first transfer
    29.61 INR less than with Wise
    Monito Score
    9.0
    Go to Remitly
    You pay
    100 EUR
    Payment options
    Preferential fee and/or exchange rate only on your first transfer
    Offer valid for Remitly new customers only.
    • Credit card Same day
      2.99 EUR 0 EUR
    • Direct bank payment Same day
      2.99 EUR 0 EUR
    • Debit card Same day
      2.99 EUR 0 EUR
    Exchange rate
    Preferential fee and/or exchange rate only on your first transfer
    Offer valid for Remitly new customers only.
    Remitly's exchange rate (1 EUR = 84.6700 INR) is 0.31% worse than the mid-market exchange rate, adding 0.31 EUR to the total cost of this transfer.
    0.75 EUR 0.31 EUR
    8,467 INR
    arrives in India
  • 100 EUR =
    8,456 INR
    In minutes
    40.40 INR less than with Wise
    Monito Score
    8.4
    Go to Skrill
    You pay
    100 EUR
    Payment options
    • Direct bank payment In minutes
      0 EUR
    • Bank transfer 2 days
      0 EUR
    • Direct bank payment 2 days
      0 EUR
    • Debit card In minutes
      0.20 EUR
    • Credit card In minutes
      0.27 EUR
    Exchange rate
    Skrill's exchange rate (1 EUR = 84.5621 INR) is 0.43% worse than the mid-market exchange rate, adding 0.43 EUR to the total cost of this transfer.
    0.43 EUR
    8,456 INR
    arrives in India
  • 100 EUR =
    8,435 INR
    2 days
    ZERO fees on your first 10 transfers
    61.45 INR less than with Wise
    Monito Score
    8.0
    Go to CurrencyFair
    You pay
    100 EUR
    Payment options
    ZERO fees on your first 10 transfers
    Offer valid for CurrencyFair new customers only. You only pay the exchange rate margin.
    • Bank transfer 2 days
      1.42 EUR 0 EUR
    Exchange rate
    CurrencyFair's exchange rate (1 EUR = 84.3516 INR) is 0.68% worse than the mid-market exchange rate, adding 0.68 EUR to the total cost of this transfer.
    0.67 EUR 0.68 EUR
    8,435 INR
    arrives in India
  • 100 EUR =
    8,433 INR
    Same day
    63.67 INR less than with Wise
    Monito Score
    8.0
    Go to InstaReM
    You pay
    100 EUR
    Payment options
    • Debit card Same day
      0.20 EUR
    Exchange rate
    InstaReM's exchange rate (1 EUR = 84.4984 INR) is 0.51% worse than the mid-market exchange rate, adding 0.51 EUR to the total cost of this transfer.
    0.51 EUR
    8,433 INR
    arrives in India
  • 100 EUR =
    8,382 INR
    Same day
    114.82 INR less than with Wise
    Monito Score
    8.1
    Go to Small World
    You pay
    100 EUR
    Payment options
    • Credit card Same day
      0 EUR
    • Bank transfer Same day
      0 EUR
    • Debit card Same day
      0 EUR
    Exchange rate
    Small World's exchange rate (1 EUR = 83.8179 INR) is 1.31% worse than the mid-market exchange rate, adding 1.31 EUR to the total cost of this transfer.
    1.31 EUR
    8,382 INR
    arrives in India
  • 100 EUR =
    8,366 INR
    2 days
    130.23 INR less than with Wise
    Monito Score
    8.9
    Go to Paysend
    You pay
    100 EUR
    Payment options
    • Debit card 2 days
      0 EUR
    Exchange rate
    Paysend's exchange rate (1 EUR = 83.6638 INR) is 1.49% worse than the mid-market exchange rate, adding 1.49 EUR to the total cost of this transfer.
    1.49 EUR
    8,366 INR
    arrives in India
  • 100 EUR =
    8,254 INR
    2 days
    242.83 INR less than with Wise
    Monito Score
    9.1
    Go to TransferGo
    You pay
    100 EUR
    Payment options
    • Direct bank payment 2 days
      0 EUR
    • Credit card 2 days
      0 EUR
    • Bank transfer 2 days
      0 EUR
    • Debit card 2 days
      0 EUR
    Exchange rate
    TransferGo's exchange rate (1 EUR = 82.5378 INR) is 2.82% worse than the mid-market exchange rate, adding 2.82 EUR to the total cost of this transfer.
    2.82 EUR
    8,254 INR
    arrives in India
  • 100 EUR =
    7,780 INR
    3-5 days
    716.77 INR less than with Wise
    Monito Score
    5.4
    Go to PayPal
    You pay
    100 EUR
    Payment options
    • PayPal 3-5 days
      3.99 EUR
    • Bank transfer 3-5 days
      3.99 EUR
    Exchange rate
    PayPal's exchange rate (1 EUR = 81.0316 INR) is 4.59% worse than the mid-market exchange rate, adding 4.41 EUR to the total cost of this transfer.
    4.41 EUR
    7,780 INR
    arrives in India
  • 100 EUR =
    7,008 INR
    3-5 days
    1,489.04 INR less than with Wise
    Monito Score
    ?
    Go to Deutsche Bank
    Your transfer
    You pay
    100 EUR
    Payment options
    • Bank transfer 3-5 days
      0.15 EUR
    Exchange rate
    Deutsche Bank's exchange rate (1 EUR = 83.0002 INR) is 2.27% worse than the mid-market exchange rate, adding 2.27 EUR to the total cost of this transfer.
    2.27 EUR
    Bank fees
    Because Deutsche Bank doesn't use a local bank account to pay out the transfer, additional fees may be applied by the receiving bank. We estimate an amount of 15.07 EUR, however the exact amount varies from bank to bank.
    15.07 EUR
    7,008 INR
    arrives in India

How to send money from Germany to India at the best rate?

We currently compare 14 money transfer providers offering money transfers from Germany to India.

To send euros to a bank account in Indian rupees in India, Wise is at the moment the most competitive option with zero transfer fees and a good EUR-INR exchange rate (currently at 1 EUR = 84.9661 INR).

In comparison, the total cost would be 17.49 EUR (which is roughly -401x more expensive) if you were to use Deutsche Bank to make the same transaction.

For your transfer to India, it could be interesting to also consider two other alternatives to Wise: Remitly and Skrill.

If the recipient of the transfer wants to get Indian rupees in cash at an agent location in India, then the most competitive provider currently is Remitly, with no transfer fees and a competitive EUR-INR exchange rate (current rate: 1 EUR = 84.67 INR).

This recommendation was updated a few minutes ago.

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Monito's Recommendations for Sending Money from Germany to India

Today's cheapest money transfer service might not be the cheapest tomorrow. Find the one that's best suited to your needs and preference by comparing the best performers on Monito's comparison engine over the past 30 days for transfers from Germany to India:

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Best Ways to Send Money from Germany to India

The best ways to transfer money from Germany to India

When you’re transferring money from euros (EUR) to rupees (INR), you want to keep your currency exchange fees to an absolute minimum. We help you find the simplest, quickest and most secure ways to convert your money and send it from Germany to India. 

Whatever your needs, we’ll save you money. Whether you’re sending your salary back to India, helping out family and friends or planning a trip, we can help by sharing the cheapest and best money transfer providers. That way, the person getting the rupees has more cash in their pockets, and that’s good for both of you.

You’re probably paying too much to send euros to India

German residents send over 290 million euros to India every year. Traditional banks, PayPal and some currency exchange businesses do charge unnecessarily high fees. Combined, on the total amount that Germany sends to India each year, these charges could mean up to 15 million euros in unnecessary fees — or 125 euros each if all of the 120,000 German residents of Indian origin are converting their euros to rupees.

Reasons to send money from Germany to India

There are around 120,000 residents of Indian descent in Germany, of which around 50,000 hold an Indian passport, with the remainder being born in Germany or being permanent German residents. These people have a variety of reasons to send money between Germany and India, including:

  • Indian workers in Germany repatriating their salary to an Indian bank account.
  • Helping out friends and family in India with some extra cash.
  • Businesses in Germany transferring money to India for manufacturing, supply, outsourcing or other reasons.
  • Germans travelling in India who want access to their funds from home.

Whatever your reason, we’ve got the right specialist currency providers to help you send your money quickly, securely and cheaply. 

How you get charged when you transfer from EUR to INR

There are three main ways you could be overpaying when you’re converting between German and Indian money:

  • Fixed fee — this is a fixed EUR fee that banks and some other providers charge to convert and transfer money to India. It could be as much as 40 EUR.
  • Percentage fee — this is a commission that you pay on the total amount you transfer, so the less you send, the less you pay. These percentage fees can range between under half a percent to two percent or more.
  • Difference to exchange rate — this is where a currency provider offers a worse exchange rate than the standard exchange rate. For example, the standard exchange rate states that 200 EUR is worth 15,730 INR, but a currency provider sends 15,350 rupees to the beneficiary.

These fees can quickly add up, and your German bank is going to be one of the most expensive ways to transfer money. You’ll save significantly on your fees if you use a specialist currency provider to send money from Germany to India.

For example, if you’re sending 1,000 euros between Germany and India, the cheapest international money transfer provider will charge less than 5 euros, while Deutsche Bank will charge 43 euros. 

When we compare money transfer providers, we take all the fees into account and recommend the ones where your euros go furthest. Note that the least expensive and fastest ways to transfer money between Germany and India does change over time, and can vary depending on how much you’re sending. 

How to send money from Germany to India

Sending money to India is fast and simple.

Paying in and funding options in Germany

German residents have a few ways to pay for a transfer. You can normally choose to fund a transfer by debit card, credit card, bank account transfer or direct bank payment. Note that there may be an additional charge for paying by debit or credit card. 

Money collection options in India

Almost 200 million Indian residents don’t have a bank account, which means a cash pickup is a good option. Money transfer providers like Small World offer easy cash pickup, although most providers only offer bank account deposits. Small World agents mean beneficiaries can pick up cash in more than 10,000 locations. 

Using a FOREX provider for sending money from Germany to India

For higher-value transactions to India, you may choose to transfer funds using a foreign exchange (FOREX) broker, as you will receive personalized phone or email service and may be assigned a specialist account manager. A FOREX broker may offer multiple collection options for the person receiving the funds.

The fastest and cheapest providers for sending money to India from Germany

The fees you pay to send money to India can change, depending on how much you’re transferring. Because of this, we’ve compared money transfer specialists over four different amounts:

  • Very low-value transfers of 100 EUR or less
  • Low-value transfers of 500 EUR
  • Medium-value transfers of 2,500 EUR
  • High-value transfers of 5,000 EUR or more

FAQ about money transfers from Germany to India

Everyone wins, except expensive solutions

With our model, the only losers are the expensive banks or providers you’ll stop using!

To ensure our independence, we always use transparent, objective and verifiable criteria in our comparison. No provider can buy their way to the top of our results.

We include as many providers as possible in our comparison and have partnerships with almost all major and innovative providers.

We make sure you never pay more than if you went directly to the provider of your choice. We even negotiate special offers for you with many of our partners.

  • You save money on your transfer by selecting the cheapest provider.

  • The best providers earn new customers without expensive marketing, helping keep their costs (and prices) low.

  • Monito receives a referral fee from the provider you selected. This enables us to offer our service to you for free.

Questions you may have

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.

Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

Learn more about Monito
  • Monito is Trusted by 15+ Millions Users across the globe.

  • Monito's experts spend hours researching and testing services

  • Affiliate commissions we may receive never impact our independence

Mid-market exchange rate

To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.

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Instead of banner ads and paywalls, Monito makes money through affiliate links to the various payment service providers featured on our website. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations.