How to send money to India from Germany with the best EUR-INR rate

TapTap Send is the best and cheapest service overall. On €7.000 you will get 737.030 INR after fees and the exchange rate.

We’ve compared 13 money transfer companies in more detail below.

Best companies for EUR/INR transfers

13 of 13 providers

Last updated on 10 November 2026

Based on 7,000 EUR transfer

Best companies for EUR/INR transfers

Sort Cheapest
Promoted

Xe

Pay via Debit card
Fee €0.00 1 EUR = 104.7375 INR +0.20% vs mid-market Recipient gets ₹733,162.50 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in India with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 104.7375 INR
₹733,162.50You pay€7,000.00
Promoted

TorFx

Pay via Bank transfer
Fee €0.00 1 EUR = 104.6281 INR +0.30% vs mid-market Recipient gets ₹732,396.65 Minutes - 24 hours
Personal account managerReceive to bank accountIdeal for buying property abroad

Ways to receive money in India with TorFx when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 104.6281 INR
₹732,396.65You pay€7,000.00

Run a live search

Showing top Germany to India deals for 7,000 EUR. Do a live search with your exact amount for today's best rates.

TapTap Send

Pay via Debit card
Fee €1.99 1 EUR = 105.2900 INR -0.33% vs mid-market Recipient gets ₹737,030.00 Minutes
Cheapest
Receive to bank account

Ways to receive money in India with TapTap Send when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes
€1.991 EUR = 105.2900 INR
₹737,030.00You pay€7,001.99
UPIMinutesAvailable via:UPI
€1.991 EUR = 105.2900 INR
₹737,030.00You pay€7,001.99
Only available via Mobile App

Sendwave

Pay via Debit card
Fee €1.49 1 EUR = 105.0169 INR -0.07% vs mid-market Recipient gets ₹734,962.03 Minutes - 3 days
Receive to bank account or cash pickup

Ways to receive money in India with Sendwave when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 3 days
€1.491 EUR = 105.0169 INR
₹734,962.03You pay€7,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit card
Fee €9.99 1 EUR = 104.9503 INR -0.01% vs mid-market Recipient gets ₹734,652.10 Minutes - 24 hours

Ways to receive money in India with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
UPIMinutes - 24 hoursAvailable via:UPI
€9.991 EUR = 104.9503 INR
₹734,652.10You pay€7,009.99
Bank depositMinutes - 24 hoursAvailable via:All Banks
€9.991 EUR = 104.9503 INR
₹734,652.10You pay€7,009.99
Card depositMinutes - 24 hoursAvailable via:Bank Debit Card
€9.991 EUR = 104.4699 INR
₹731,289.30You pay€7,009.99
Cash pickupMinutes - 24 hours
€9.991 EUR = 104.1037 INR
₹728,725.90You pay€7,009.99
$0 fee on first online transfers

MoneyGram

Pay via Credit card
Fee €9.99 1 EUR = 104.9503 INR -0.01% vs mid-market Recipient gets ₹734,652.10 Minutes - 24 hours

Ways to receive money in India with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
UPIMinutes - 24 hoursAvailable via:UPI
€9.991 EUR = 104.9503 INR
₹734,652.10You pay€7,009.99
Bank depositMinutes - 24 hoursAvailable via:All Banks
€9.991 EUR = 104.9503 INR
₹734,652.10You pay€7,009.99
Card depositMinutes - 24 hoursAvailable via:Bank Debit Card
€9.991 EUR = 104.4699 INR
₹731,289.30You pay€7,009.99
Cash pickupMinutes - 24 hours
€9.991 EUR = 104.1037 INR
₹728,725.90You pay€7,009.99
$0 fee on first online transfers

MoneyGram

Pay via Bank transfer
Fee €9.99 1 EUR = 104.9503 INR -0.01% vs mid-market Recipient gets ₹734,652.10 Minutes - 24 hours

Ways to receive money in India with MoneyGram when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
€9.991 EUR = 104.9503 INR
₹734,652.10You pay€7,009.99
UPIMinutes - 24 hoursAvailable via:UPI
€9.991 EUR = 104.9503 INR
₹734,652.10You pay€7,009.99
Cash pickupMinutes - 24 hours
€9.991 EUR = 104.1037 INR
₹728,725.90You pay€7,009.99

Aspora

Pay via Bank transfer
Fee €3.00 1 EUR = 104.9429 INR 0.00% vs mid-market Recipient gets ₹734,285.62 Minutes - 24 hours
Receive to bank accountTailored for the Indian Diaspora

Ways to receive money in India with Aspora when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
€3.001 EUR = 104.9429 INR
₹734,285.62You pay€7,000.00
Only available via Mobile App

WorldRemit

Pay via Debit card
Fee €1.99 1 EUR = 104.8588 INR +0.08% vs mid-market Recipient gets ₹733,802.72 Minutes - 2 days
Receive to bank account or cash pickup

Ways to receive money in India with WorldRemit when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 2 days
€1.991 EUR = 104.8588 INR
₹733,802.72You pay€7,000.00

Xe

Pay via Debit card
Fee €0.00 1 EUR = 104.7375 INR +0.20% vs mid-market Recipient gets ₹733,162.50 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in India with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 104.7375 INR
₹733,162.50You pay€7,000.00

Xe

Pay via Bank transfer
Fee €0.00 1 EUR = 104.7375 INR +0.20% vs mid-market Recipient gets ₹733,162.50 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in India with Xe when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 104.7375 INR
₹733,162.50You pay€7,000.00

Xe

Pay via Credit card
Fee €0.00 1 EUR = 104.7375 INR +0.20% vs mid-market Recipient gets ₹733,162.50 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in India with Xe when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 104.7375 INR
₹733,162.50You pay€7,000.00

Currencies Direct

Pay via Bank transfer
Fee €0.00 1 EUR = 104.6761 INR +0.25% vs mid-market Recipient gets ₹732,732.70 Minutes - 24 hours
Personal account managerMulti-currency cardReceive to bank account

Ways to receive money in India with Currencies Direct when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 104.6761 INR
₹732,732.70You pay€7,000.00
Exclusive: First Transfer Deal

Regency FX

Pay via Bank transfer
Fee €0.00 1 EUR = 104.6596 INR +0.27% vs mid-market Recipient gets ₹732,617.03 Minutes - 24 hours
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in India with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 104.6596 INR
₹732,617.03You pay€7,000.00

TorFx

Pay via Bank transfer
Fee €0.00 1 EUR = 104.6281 INR +0.30% vs mid-market Recipient gets ₹732,396.65 Minutes - 24 hours
Our top pick
Personal account managerReceive to bank accountIdeal for buying property abroad

Ways to receive money in India with TorFx when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 104.6281 INR
₹732,396.65You pay€7,000.00

OFX

Pay via Bank transfer
Fee €0.00 1 EUR = 104.4182 INR +0.50% vs mid-market Recipient gets ₹730,927.44 Minutes - 24 hours
Personal account managerReceive to bank account

Ways to receive money in India with OFX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 104.4182 INR
₹730,927.44You pay€7,000.00

CurrencyFair

Pay via Bank transfer
Fee €1.14 1 EUR = 104.1819 INR +0.73% vs mid-market Recipient gets ₹729,153.30 Minutes - 24 hours
Receive to bank account

Ways to receive money in India with CurrencyFair when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
€1.141 EUR = 104.1819 INR
₹729,153.30You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee €30.40 1 EUR = 104.6048 INR +0.32% vs mid-market Recipient gets ₹729,053.44 Within minutes
Fastest
Multi-currency cardReceive to bank account

Ways to receive money in India with Revolut when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
€30.401 EUR = 104.6048 INR
₹729,053.44You pay€7,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

Deutsche Bank

Pay via Bank transfer
Fee €37.05 1 EUR = 103.1959 INR +1.68% vs mid-market Recipient gets ₹718,547.79 Minutes - 5 days
0 reviews

Ways to receive money in India with Deutsche Bank when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 5 days
€37.051 EUR = 103.1959 INR
₹718,547.79You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Debit card
Fee €191.00 1 EUR = 104.6048 INR +0.32% vs mid-market Recipient gets ₹712,253.92 Within minutes
Multi-currency cardReceive to bank account

Ways to receive money in India with Revolut when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
€191.001 EUR = 104.6048 INR
₹712,253.92You pay€7,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

How Our Results Work
Mid-market rate: 1 EUR = 104.9429 INR Updates every 60 minutes.

How to send money from Germany to India

Pick a company

For a one-off transfer from Germany, I suggest picking the cheapest option which is TapTap Send.

TapTap Send was the cheapest on 2 of the 27 days it quoted €7.000 transfers to India.

On a 7.000 EUR transfer, TapTap Send delivers the most INR.

This will change depending on how much you actually send, so I suggest running a live search to get the best EUR/INR rate.

Fund your transfer

You have 3 ways to pay, including bank transfer, debit card, and credit card.

Verify and send

First time round you'll need a photo ID and proof of your German address.

Video identification is also normal and takes a few minutes.

Compare amounts

How much EUR are you sending to India?

How much EUR you send to India heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows TapTap Send was the cheapest in 5% of the transfers from €7,000 it quoted, and in 2% of all the transfers it quoted.

Cheapest service
€500-1.24%€0.00₹53,084.00with debit card to card deposit+₹805.54
€800-1.11%€0.00₹84,849.43with debit card to card deposit+₹1,123.16
€1,000-1.11%€0.00₹106,061.79with debit card to card deposit+₹1,369.10
€5,000-1.15%€0.00₹530,308.94with debit card to card deposit+₹7,503.88
€7,000This page-0.33%€1.99₹737,030.00with debit card to bank deposit+₹5,851.86
€9,000-1.14%€0.00₹954,556.09with debit card to card deposit+₹14,276.80
€50,000-1.18%€0.00₹5,312,389.66with debit card to card deposit+₹76,734.86

Mid-market rate: 1 EUR = 104.9429 INR

EUR/INR Exchange Rate History

Is today a good time to send money from Germany to India?

The cheapest way to send EUR to INR can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's TapTap Send), across 30 days of comparisons for 7.000 EUR transfers to India.

INR received for €7,000, after fees

Tue, 10 Nov 2026Mid-market rate₹734,600.45 TapTap Send ₹737,030.00 Deutsche Bank ₹718,547.79TapTap Send₹737,030.00Sendwave₹734,962.03MoneyGram₹734,652.10Extra cost of a bank₹18,482.21

710.000
720.000
730.000
740.000
750.000
760.000
At the mid-market rateWith the cheapest optionWith a bankTapTap SendSendwaveMoneyGram
Exchange rateFeeRecipient getsDifference
Mid-market rate 107.3180 – ₹751,226.31
Profee Cheapest 108.1892 €0.00 ₹757,324.43 +₹6,098.13
TapTap Send 107.3500 €1.99 ₹751,450.00 +₹223.69
MoneyGram 106.9379 €9.99 ₹748,565.30 −₹2,661.01
Deutsche Bank 106.6891 €37.05 ₹742,870.55 −₹8,355.76
Sendwave No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.4156 – ₹744,909.21
Profee Cheapest 107.3040 €0.00 ₹751,128.16 +₹6,218.95
TapTap Send 106.5000 €1.99 ₹745,500.00 +₹590.79
MoneyGram 105.8684 €9.99 ₹741,078.80 −₹3,830.41
Deutsche Bank 105.2390 €37.05 ₹732,774.06 −₹12,135.15
Sendwave No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.4615 – ₹745,230.47
Profee Cheapest 107.3323 €0.00 ₹751,326.09 +₹6,095.62
TapTap Send 106.4500 €1.99 ₹745,150.00 −₹80.46
Sendwave 105.9325 €1.49 ₹741,369.87 −₹3,860.59
MoneyGram 105.4385 €9.99 ₹738,069.50 −₹7,160.96
Deutsche Bank 105.1994 €37.05 ₹732,497.91 −₹12,732.55
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.4403 – ₹745,082.40
Profee Cheapest 107.3455 €0.00 ₹751,418.82 +₹6,336.42
TapTap Send 106.5100 €1.99 ₹745,570.00 +₹487.60
Sendwave 106.2139 €1.49 ₹743,339.18 −₹1,743.22
MoneyGram 105.5321 €9.99 ₹738,724.70 −₹6,357.70
Deutsche Bank 105.1994 €37.05 ₹732,497.91 −₹12,584.49
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.6916 – ₹746,841.22
Profee Cheapest 107.5477 €0.00 ₹752,834.21 +₹5,992.99
TapTap Send 106.5100 €1.99 ₹745,570.00 −₹1,271.22
Sendwave 106.1346 €1.49 ₹742,784.20 −₹4,057.02
MoneyGram 106.0391 €9.99 ₹742,273.70 −₹4,567.52
Deutsche Bank 104.3655 €37.05 ₹726,691.58 −₹20,149.64
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.7143 – ₹747,000.18
Profee Cheapest 107.7095 €0.00 ₹753,966.69 +₹6,966.51
MoneyGram 106.5918 €9.99 ₹746,142.60 −₹857.58
TapTap Send 106.5100 €1.99 ₹745,570.00 −₹1,430.18
Sendwave 106.3271 €1.49 ₹744,131.20 −₹2,868.98
Deutsche Bank 104.3655 €37.05 ₹726,691.58 −₹20,308.60
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.7143 – ₹747,000.18
Aspora Cheapest 106.7143 €3.00 ₹746,680.04 −₹320.14
MoneyGram 106.5918 €9.99 ₹746,142.60 −₹857.58
Deutsche Bank 105.0369 €37.05 ₹731,366.68 −₹15,633.50
TapTap Send No quote collected this day – – – –
Sendwave No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.4800 – ₹745,360.17
Profee Cheapest 107.3036 €0.00 ₹751,125.19 +₹5,765.02
TapTap Send 107.0000 €1.99 ₹749,000.00 +₹3,639.83
MoneyGram 106.4795 €9.99 ₹745,356.50 −₹3.67
Sendwave 105.9937 €1.49 ₹741,798.04 −₹3,562.13
Deutsche Bank 104.9155 €37.05 ₹730,521.54 −₹14,838.63
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.4397 – ₹745,077.84
Profee Cheapest 107.3106 €0.00 ₹751,174.54 +₹6,096.69
TapTap Send 106.6000 €1.99 ₹746,200.00 +₹1,122.16
MoneyGram 106.1762 €9.99 ₹743,233.40 −₹1,844.44
Deutsche Bank 104.9155 €37.05 ₹730,521.54 −₹14,556.30
Sendwave No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.1864 – ₹743,304.61
Profee Cheapest 107.0904 €0.00 ₹749,633.07 +₹6,328.46
TapTap Send 107.0000 €1.99 ₹749,000.00 +₹5,695.39
MoneyGram 106.1983 €9.99 ₹743,388.10 +₹83.49
Sendwave 105.7565 €1.49 ₹740,137.78 −₹3,166.83
Deutsche Bank 105.1081 €37.05 ₹731,862.22 −₹11,442.39
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.5577 – ₹745,903.80
Profee Cheapest 107.3757 €0.00 ₹751,629.59 +₹5,725.80
TapTap Send 106.1500 €1.99 ₹743,050.00 −₹2,853.80
Sendwave 106.0579 €1.49 ₹742,247.20 −₹3,656.60
MoneyGram 105.6703 €9.99 ₹739,692.10 −₹6,211.70
Deutsche Bank 104.4431 €37.05 ₹727,231.85 −₹18,671.95
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.4442 – ₹745,109.47
Profee Cheapest 107.7036 €0.00 ₹753,924.90 +₹8,815.43
TapTap Send 106.4100 €1.99 ₹744,870.00 −₹239.47
MoneyGram 106.0647 €9.99 ₹742,452.90 −₹2,656.57
Sendwave 106.0173 €1.49 ₹741,963.06 −₹3,146.41
Deutsche Bank 104.4431 €37.05 ₹727,231.85 −₹17,877.62
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.3612 – ₹744,528.46
Profee Cheapest 107.6016 €0.00 ₹753,211.33 +₹8,682.88
TapTap Send 106.5000 €1.99 ₹745,500.00 +₹971.54
MoneyGram 106.0665 €9.99 ₹742,465.50 −₹2,062.96
Sendwave 105.9726 €1.49 ₹741,650.37 −₹2,878.09
Deutsche Bank 104.7124 €37.05 ₹729,107.21 −₹15,421.25
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.3612 – ₹744,528.46
Aspora Cheapest 106.3612 €3.00 ₹744,209.37 −₹319.09
Deutsche Bank 104.7124 €37.05 ₹729,107.21 −₹15,421.25
TapTap Send No quote collected this day – – – –
Sendwave No quote collected this day – – – –
MoneyGram No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Profee Cheapest 107.7885 €0.00 ₹754,519.30 –
TapTap Send 106.5000 €1.99 ₹745,500.00 –
MoneyGram 106.0693 €9.99 ₹742,485.10 –
Deutsche Bank 104.7526 €37.05 ₹729,387.32 –
Sendwave No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.1346 – ₹742,941.86
Profee Cheapest 107.2672 €0.00 ₹750,870.26 +₹7,928.40
TapTap Send 106.5000 €1.99 ₹745,500.00 +₹2,558.14
MoneyGram 106.4304 €9.99 ₹745,012.80 +₹2,070.94
Deutsche Bank 104.8192 €37.05 ₹729,851.09 −₹13,090.77
Sendwave No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 105.7944 – ₹740,560.77
Profee Cheapest 106.9364 €0.00 ₹748,554.70 +₹7,993.93
TapTap Send 106.0000 €1.99 ₹742,000.00 +₹1,439.23
MoneyGram 105.6767 €9.99 ₹739,736.90 −₹823.87
Sendwave 105.4575 €1.49 ₹738,045.09 −₹2,515.68
Deutsche Bank 104.3550 €37.05 ₹726,618.84 −₹13,941.93
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Profee Cheapest 107.2630 €0.00 ₹750,840.96 –
TapTap Send 106.0000 €1.99 ₹742,000.00 –
Sendwave 105.7726 €1.49 ₹740,250.32 –
MoneyGram 105.6908 €9.99 ₹739,835.60 –
Deutsche Bank 104.5735 €37.05 ₹728,139.79 –
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Profee Cheapest 107.4926 €0.00 ₹752,448.13 –
TapTap Send 106.4000 €1.99 ₹744,800.00 –
Sendwave 106.1239 €1.49 ₹742,709.25 –
MoneyGram 105.7740 €9.99 ₹740,418.00 –
Deutsche Bank 104.6276 €37.05 ₹728,517.04 –
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.3560 – ₹744,491.79
Profee Cheapest 107.0512 €0.00 ₹749,358.51 +₹4,866.72
MoneyGram 106.2418 €9.99 ₹743,692.60 −₹799.19
TapTap Send 106.2100 €1.99 ₹743,470.00 −₹1,021.79
Sendwave 105.8438 €1.49 ₹740,748.75 −₹3,743.04
Deutsche Bank 104.3164 €37.05 ₹726,349.88 −₹18,141.91
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Profee Cheapest 107.4140 €0.00 ₹751,898.19 –
TapTap Send 106.5000 €1.99 ₹745,500.00 –
Sendwave 105.8438 €1.49 ₹740,748.75 –
Deutsche Bank 104.3164 €37.05 ₹726,349.88 –
MoneyGram No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.1033 – ₹742,723.30
Profee Cheapest 107.1690 €0.00 ₹750,183.23 +₹7,459.94
TapTap Send 106.5000 €1.99 ₹745,500.00 +₹2,776.70
MoneyGram 106.0516 €9.99 ₹742,361.20 −₹362.10
Sendwave 105.6711 €1.49 ₹739,539.97 −₹3,183.33
Deutsche Bank 104.3321 €37.05 ₹726,459.42 −₹16,263.88
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.1010 – ₹742,706.86
Aspora Cheapest 106.1010 €3.00 ₹742,388.56 −₹318.30
MoneyGram 106.0122 €9.99 ₹742,085.40 −₹621.46
TapTap Send No quote collected this day – – – –
Sendwave No quote collected this day – – – –
Bank No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.4983 – ₹745,487.85
Profee Cheapest 107.5940 €0.00 ₹753,157.67 +₹7,669.82
TapTap Send 106.2000 €1.99 ₹743,400.00 −₹2,087.85
Sendwave 106.1100 €1.49 ₹742,611.62 −₹2,876.23
Deutsche Bank 104.4051 €37.05 ₹726,967.67 −₹18,520.18
MoneyGram No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 106.3075 – ₹744,152.22
Profee Cheapest 107.3949 €0.00 ₹751,764.21 +₹7,611.99
TapTap Send 106.2100 €1.99 ₹743,470.00 −₹682.22
MoneyGram 106.0986 €9.99 ₹742,690.20 −₹1,462.02
Sendwave 106.0198 €1.49 ₹741,980.56 −₹2,171.66
Deutsche Bank 104.4051 €37.05 ₹726,967.67 −₹17,184.55
Exchange rateFeeRecipient getsDifference
Mid-market rate 105.3512 – ₹737,458.28
TapTap Send Cheapest 106.1800 €1.99 ₹743,260.00 +₹5,801.72
MoneyGram 105.8299 €9.99 ₹740,809.30 +₹3,351.02
Sendwave 104.9831 €1.49 ₹734,725.28 −₹2,733.00
Deutsche Bank 104.4809 €37.05 ₹727,495.60 −₹9,962.68
Exchange rateFeeRecipient getsDifference
Mid-market rate 104.8693 – ₹734,085.35
Profee Cheapest 105.8380 €0.00 ₹740,866.14 +₹6,780.78
TapTap Send 105.0000 €1.99 ₹735,000.00 +₹914.65
MoneyGram 104.7132 €9.99 ₹732,992.40 −₹1,092.95
Sendwave 104.4650 €1.49 ₹731,099.14 −₹2,986.21
Deutsche Bank 103.1368 €37.05 ₹718,136.38 −₹15,948.97
Exchange rateFeeRecipient getsDifference
Mid-market rate 104.7169 – ₹733,017.98
Profee Cheapest 105.8668 €0.00 ₹741,067.66 +₹8,049.69
TapTap Send 105.0000 €1.99 ₹735,000.00 +₹1,982.02
Sendwave 104.4650 €1.49 ₹731,099.14 −₹1,918.84
Deutsche Bank 103.1368 €37.05 ₹718,136.38 −₹14,881.60
MoneyGram No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 104.7937 – ₹733,556.17
Aspora Cheapest 104.7937 €3.00 ₹733,241.78 −₹314.39
TapTap Send 104.7000 €1.99 ₹732,900.00 −₹656.17
MoneyGram 104.6296 €9.99 ₹732,407.20 −₹1,148.97
Sendwave 104.3220 €1.49 ₹730,098.21 −₹3,457.96
Deutsche Bank 103.1959 €37.05 ₹718,547.79 −₹15,008.38
Exchange rateFeeRecipient getsDifference
Mid-market rate 104.9429 – ₹734,600.45
TapTap Send Cheapest 105.2900 €1.99 ₹737,030.00 +₹2,429.55
Sendwave 105.0169 €1.49 ₹734,962.03 +₹361.58
MoneyGram 104.9503 €9.99 ₹734,652.10 +₹51.65
Deutsche Bank 103.1959 €37.05 ₹718,547.79 −₹16,052.66

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send €7,000, after fees, as quoted by each company. The mid-market line shows what €7,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. The bank line is the cheapest bank available on each day.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more INR per EUR than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 22 of the last 30 days.

Right now, TapTap Send pays 737.030 INR on 7.000 EUR, which is 2.429,55 INR more than the mid-market amount, so it's a good deal (pretty much free money).

Today's payout isn't the best this month though, since the highest receive amount was 757.324,43 INR.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

If you need to send money now, it's a good time to send.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to India.

We've tracked 207 comparisons to check how often today's top companies were the cheapest across 7 amounts over the past month.

  1. TapTap SendAppeared in 203 comparisons

    Cheapest in 2% of them

  2. SendwaveAppeared in 118 comparisons

    Never the cheapest

  3. MoneyGramAppeared in 199 comparisons

    Never the cheapest

  4. Deutsche BankAppeared in 203 comparisons

    Never the cheapest

Based on 207 comparisons across 7 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today TapTap Send is the cheapest and gets you the most INR, but it was the cheapest in only 2% of the 203 comparisons it appeared in over the past month.

Sendwave (today's second cheapest) was the cheapest in only 0% of its comparisons, so it's rarely the cheapest option for transfers to India.

If it's a one-off transfer, go with TapTap Send, since it's the cheapest right now.

Ways to send money from Germany to India

There are 13 companies for sending money from Germany to India, across app, currency broker, online, multi-currency account, in person, global business account, and bank, and more below.

Fastest and easiest way

Online and app transfers

Within the eurozone, SEPA covers all transfers, but outside, it gets very expensive and money transfer companies make it cheaper.

Sending €7.000 with TapTap Send to India gets you 737.030 INR with a €1,99 fee and -0,33% markup.

In our comparisons over the past month, it was the cheapest online service on 2 of the 27 days it quoted.

Debit cards (and Apple Pay / Google Pay) usually have instant deposits, but your girocard usually won't work as a funding method.

For paying in cash at a counter

In-person transfers

There's no legal limit on how much you can send, so the counter in the kiosk, the callshop or the grocery store is still a popular way to send money internationally.

Deposit €7.000 to MoneyGram online, and choose cash pickup as delivery option. Once you pay, it should be available in minutes.

Our data shows MoneyGram came out cheapest among in-person options on 96% of days in the past month.

In general, online transfers are cheaper than sending cash to India.

For Euro transfers only

Banks

Inside the eurozone, banks use a SEPA transfer which is cheap or free and there's little reason to look further.

Outside the eurozone, banks like Deutsche Bank are much more expensive.

On a €7.000 transfer, Deutsche Bank delivers 718.547,79 INR vs 737.030 INR with TapTap Send.

We found Deutsche Bank was the cheapest bank on 29 of the 29 days it appeared for this amount.

For large transfers from Germany

Currency brokers

For buying property, moving to India, or moving pensions, a currency broker is the best option.

A broker like Xe charges no fee and works on a margin. It adds 0,2% on EUR/INR which gets negotiated the more you send.

And you get an account manager to help you through the process.

Our analysis shows Xe was the cheapest broker in 15% of the transfers from €7,000 it quoted.

For some international payments above €50,000, German residents may need to file an AWV report with the Bundesbank, make sure to check in advance.

For making business payments

Global accounts

Global accounts are for businesses making payments to India.

Be it overseas suppliers and contractors, receiving INR payments, or holding INR and EUR in one business account.

Companies like Airwallex, WorldFirst, or Wise Business offer the best tools for international business transfers.

For spending & receiving

Multi-currency accounts

A multi-currency account lets you hold EUR and INR in one account.

You get INR bank details, and can receive international payments like rent, dividends, family payments without additional conversions.

You can convert INR to EUR or EUR to INR whenever you need.

The best multi-currency account is Currencies Direct, it adds ~0,25% markup and charges small fees.

Over the past month, it came out cheapest among multi-currency accounts on 16% of days.

Ways to fund EUR and receive INR in India

With TapTap Send, paying by debit card and receiving through bank deposit is the cheapest way. Sending €7.000 gives your recipient 737.030 INR.

Our data shows that TapTap Send gets your recipient 18.482,21 INR more than Deutsche Bank, today's cheapest bank, on the same €7.000.

You can pay for the transfer using bank transfer, debit card, and credit card.

Using German bank

A SEPA bank transfer is usually the cheapest way to deposit EUR.

An instant SEPA payment can reduce funding time, but it does not guarantee instant delivery to India.

The recipient in India can receive INR by bank deposit, UPI, card deposit, and cash pickup.

To receive INR by bank deposit

Enter the recipient's banking details and account holder's name.

Check both before sending because correcting a bank deposit will delay the transfer.

They can receive cash in India

For cash pickup, the recipient needs to visit the nearest MoneyGram branch and bring a valid photo ID and the transfer reference number.

  1. 1
    Debit card Bank deposit

    You pay €7,001.99

    ₹737,030

    Cheapest

  2. 2
    Debit card UPI

    You pay €7,001.99

    ₹737,030

    ₹0

  3. 3
    Credit card UPI

    You pay €7,009.99

    ₹734,652

    -₹2,378

  4. 4
    Credit card Bank deposit

    You pay €7,009.99

    ₹734,652

    -₹2,378

  5. 5
    Bank transfer Bank deposit

    You pay €7,009.99

    ₹734,652

    -₹2,378

Show moreShow less
  1. 6
    Bank transfer UPI

    You pay €7,009.99

    ₹734,652

    -₹2,378

  2. 7
    Debit card Card deposit

    You pay €7,009.99

    ₹731,289

    -₹5,741

  3. 8
    Credit card Card deposit

    You pay €7,009.99

    ₹731,289

    -₹5,741

  4. 9
    Debit card Cash pickup

    You pay €7,009.99

    ₹728,726

    -₹8,304

  5. 10
    Credit card Cash pickup

    You pay €7,009.99

    ₹728,726

    -₹8,304

  6. 11
    Bank transfer Cash pickup

    You pay €7,009.99

    ₹728,726

    -₹8,304

Things to know before sending money from Germany to India

The main question in Germany is whether you are sending euros inside SEPA or converting them. Large cross-border payments can also create a Bundesbank reporting duty.

Compare EUR/INR transfer options

For a €7.000 transfer to India, these are the best options:

Cheapest way to send money to India

The cheapest option is TapTap Send, funded by debit card with bank deposit for the payout. Your recipient gets 737.030 INR, which is 0,28% more than the next best option.

Fastest way to send money to India

The fastest option is Revolut. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 729.053,44 INR in within minutes.

Transfers over €50,000 may get reported

Germany's AWV reporting threshold is €50,000.

A German resident may need to report a payment above that amount to the Bundesbank when it is made to a non-resident.

It is a statistics report, not a tax or permission request.

Transfers between your own domestic and foreign accounts are exempt, and other exemptions apply depending on the payment purpose.

The automated AWV notice shown by a bank does not mean every transfer is reportable.

The Bundesbank guidance for private individuals explains who reports, what is exempt and how to file.

SEPA and SWIFT are different

If the recipient has a euro account in the SEPA area, a normal SEPA payment can be the simplest option.

A payment converted into INR sits outside that pricing rule and may involve another bank or payout partner.

Check whether the quote uses SHA, OUR or BEN charges on a bank transfer.

This decides whether intermediary costs are shared, paid by you or deducted from what the recipient receives.

How we analyse the market

Nothing reaches this table without going through our review first, and every company is BaFin-registered or passported into Germany.

We then track 13 of them on EUR to India, comparing rates, fees and the pay-in and payout options.

In the past 30 days alone, we analysed 207 comparisons across 7 amounts.

This page covers the cheapest and fastest options for EUR/INR transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

More on who we are, why you can trust us and how to get started.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.