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How to Send Money from Germany to India

Send money from Germany to India easily today. Enjoy fast, low cost transfers without the hassle.

Find the easiest ways to send money from Germany to India below.

Disclosure

Ways to send money from Germany to India

The best rated provider for transfers from Germany to India

TorFx

Total number of EUR - INR providers

15

Average cheapest provider for transfers to India from Germany

Profee

Average cost of the cheapest transfer from Germany to India

€0.02

Best for bank transfers from Germany to India

TorFx

Best for debit card transfers from Germany to India

Instarem

Best for credit card transfers from Germany to India

Wise

You can always compare rates and fees based on your transfer amount and payment options when sending money.

The best way to send money from Germany to India

Instarem is the best way to send money to India from Germany. This is based on cost, speed, and how easy it is to use.

We analyzed 15 providers that allow EUR to INR transfers. Instarem emerged as the best option in 44.6% of searches.

How to send money from Germany to India

Follow these steps to send money between Germany and India

  1. Choose your provider. Register with the provider of your choice by clicking on the link above.

  2. Enter your details. Enter your details and provide any of the documents needed.

  3. Start your transfer. Tell your provider that you'd like to send money from Germany to India, how much you'd like to send, and how you'd like to pay for your transfer. You'll also need to add your recipient's details.

  4. Check the recipient's details. This is really important. It can be very difficult to reverse a transfer from Germany to India once it's been sent. Make sure all the details are correct before you submit.

  5. Send the money. When you've checked the details, you can make the transfer.

The cheapest way to send money from Germany to India

The cheapest way to send money from Germany to India is Profee. On average, transfers from Germany to India with Profee cost €0.02, making them 0 cheaper than their nearest competitor.

Profee has been the cheapest way to send money from Germany to India for the last three months, on average.

Just to make you aware, bankTransfer was the cheapest payment method.

The current mid-market rate between EUR and INR is 90.170413. The rate the time you transfer will impact your overall cost. As an example, Profee has averaged -0.05% below the mid-market rate over the last three months, generally making sending money a little cheaper before fees.

Note: The cheapest way to send money isn't always the fastest

Profee is the cheapest way to send money from Germany to India, but make sure the timeframes work for you.

How the cost of sending money to India from Germany is calculated

The cost of sending money from Germany to Germany depends on several things, including:

The mid-market rate

The current mid-market rate between EUR and INR is 90.170413. The rate the time you transfer will impact your overall cost. As an example, Profee has averaged -0.05% below the mid-market rate over the last 3 months, generally making sending money a little cheaper before fees.

The markup and fee

Providers will often charge a markup on the rate, fees, or both, for transfers between India and India. This is why Instarem is listed as our cheapest option - they offer the best combination of Euro to Indian Rupee rates (-0.25) and fees (0.02).

Bank transfers from Germany to India

Bank transfers are the most common way of sending EUR to India as they are secure, reliable, and convenient.

If you want to send Euros to India via bank transfer, TorFx has been the top rated provider in our comparison system for the last three months, recommended 50.8% of the time.

That’s because companies like TorFx bypass the SWIFT network and rely on their own digital network of banks, making transfers faster and cheaper. As an example, TorFx's transaction fees for Euros into India have averaged at 0 for the last three months. This is significantly lower than the fees charged by banks.

Credit card payments from Germany to India

Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.

If you want to send Euros to India with a credit card, Wise is your best option. They've been the top rated provider in our comparison system for the last three months, recommended 87.2% of the time.

Note: Beware of charges

Credit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.

Debit card payments from Germany to India

Debit card payments let you send money from the Germany to India with the similar convenience of a credit card, and there are usually no tax advance fees. That said, you might still face currency exchange fees, processing fees, and other expenses, making this a pricier option than a simple bank transfer.

If you want to send Euros to India with a debit card, Instarem is your best option. They've been the top rated provider in our comparison system for the last three months, recommended 61.5% of the time.

Finding the best exchange rate for EUR to INR

The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many INRs you can get for your EURs. The average Euro to Indian Rupee mid-market rate over the last month was 90.1794, with a low of 89.5274 and a high of 90.8853.

For comparison, the best exchange rate for EUR to INR right now is through Wise, at a difference of 0%.

How we find the best transfer deals from Germany to India

We’ve compared the cost, speed, and product offering of the top money transfer services (including TorFx) available between India and Germany. Or comparison tool compares providers based on live fees, rates, and transfer times to make sure you get the best deal available.

We also produce unbiased, detailed reviews of all the top money transfer companies for sending Euro to India, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.

Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.

Check your provider is regulated

You should only ever use regulated providers to transfer money. If a provider is not regulated, it’s likely to be a scam.

Remember: We will only ever recommend regulated financial institutions.

FAQs

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Contributors

Aneeca Younas
Aneeca Younas, based in Abu Dhabi, is a distinguished writer specializing in Business Economics and Finance. With her robust academic background in Business Economics merged with a fervent passion for journalism, Aneeca stands out in the domain of international finance. Her extensive experience working with global finance companies has endowed her with a profound understanding of international money transfers, making her insights invaluable for those seeking to navigate the complexities of global financial transactions.