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Our recommendation: Wise
We tested & reviewed 10 money transfer providers offering money transfers from India to Germany, and Wise scored highly.
In total, Wise appeared in 63.4% of India to Germany searches, and was the top rated company supporting transfers between INR and EUR.
For a great mix of cost, speed & features, we recommend making your India to Germany transfer using Wise.
How to get the best deal on sending money from India to Germany
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from India to Germany.
- Choose a provider
Select the provider that offers you the best value on buying EUR & service for your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Get the most from sending money from India to Germany
Comparing providers offering services between India and Germany based on your specific transfer amount, is the easiest way to get the best price on your transfer.
We cover the entire INR-EUR market and have compared 10 providers offering services between India and Germany.
This ensures you will get the most comprehensive options for sending Indian Rupee to Germany.
Whilst we rate Wise as the best overall for transfers between the two countries, comparing gives you the best idea for your specific India to Germany transfer needs.
Cheapest way to transfer money from India to Germany: Instarem
Our data shows Instarem is 1.7% cheaper than the second-best option. The company offers an average fee of 1,600* INR and an average exchange rate between INR and EUR that is 0.85% different to the mid-market rate.
For a cheap way to send INR to Germany, Instarem is a great all round choice.
*The most common fee applied to INR-EUR by Instarem, based on data from the past six months.
Fastest company to send money to Germany from India: Ria Money Transfer.
Through our data, Ria Money Transfer was the quickest way to send money from India to Euro 31.5% of the time.
Sending money through Ria Money Transfer to Germany from India has an average fee of 4 INR.
To understand who was the fastest, we tested Ria Money Transfer as part of 10 money transfer providers. Within this, we looked at the overall speed of sending money from India to Germany. This was made up of transfer times to Germany after Indian Rupees were added to a money transfer account.
When fast money transfers between India and Germany are a priority, Ria Money Transfer is our recommended choice.
Send large sums of money
Wise offers the strongest all round option for large transfers of the 10 money transfer companies compared.
Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from Euro to Euro.
As such, opt for Wise for sending large sums of money to Germany from India.
Understanding the costs involved when transferring money from India to Germany
When calculating the costs of money transfers between India and Germany, opt for the best combination of fees and exchange rates:
The Mid-Market and Exchange Rates: Today, the INR-EUR mid-market rate equals 0.0112 EUR per Indian Rupee.
For reference, the INR-EUR average mid-market rate for the past three months has been 0.0109 EUR per Indian Rupee, with a high of 0.0112 and a low of 0.0106.
The company offering the best exchange rate is Wise.
Often the INR-EUR exchange rate you receive is the bigger factor than how much it costs to send Indian Rupees to Germany.
Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Instarem, averaging 1,600 INR over the last 6 months. We would recommend searching for your exact send amount to get an idea of fees.
Amount Received: The amount received in Euro is the biggest indicator the total cost of sending money from India to Germany. Essentially, the more the recipient receives in Germany, the less it is costing to send from India.
Getting the best exchange rate for Indian Rupee to Euro
Tracking the mid-market rate can make a huge difference when sending money INR to EUR. The exchange rate you secure impacts how much EUR you get for your INR.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from INR to EUR has seen some fluctuation. On average, it has been 0.0109.
During this period, the highest value level was 0.0112, with a low of 0.0106.
Wise, which is our recommended service to send money online from India to Germany offers an exchange rate that is only 0% above the mid-market rate.
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Payment methods available to fund your India to Germany transfer
Bank transfers
Bank transfers are often the better option for money transfers from India to Germany.
Sending money via a bank transfer with a company such as Instarem for transfers from India to Germany allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Instarem is the best provider for bank transfers of the 10 we tested when sending INR to Germany.
With an average fee of INR1,600 to send money from India to Germany, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from India to Germany with a prepaid or a debit card is very simple with Wise.
Wise is a leader in card payments for transfers from India to Germany, competing among a total of 10 active money transfer companies on this route.
Credit cards
When it comes to transferring money with a credit card from India to Germany, Wise emerges as our top choice of the 10 companies offering this service.
Beware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Germany and India.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from India to Germany.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to EUR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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