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Overall top choice: Wise
Of the 5 money transfer providers we tested and reviewed, Wise was a standout option for its combination of speed and cost.
Over the last six months, Wise appeared in 78.5% of searches for transfers between India and Italy.
When sending money from India to Italy, using Wise in a great option.
How to get the best deal on your India to Italy transfer
- Always compare rates
Money transfers to Italy should be easy. Use our live comparison tool to make sure you aren't missing the best rates to send money from India to Italy.
- Choose a provider
Select the provider that offers you the best value on your Indian Rupee & service for your needs.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to Italy.
Summary of recent searches
What to consider ahead of money transfers from India to Italy
Comparing based on your specific needs is the best way to send money from India to Italy with confidence.
Our analysis, and search results, include 5 providers that operate between India and Italy. These are ranked by speed, overall cost and ease of use.
Through this, you get a comprehensive view of all the options you have in India when you need to send money to Italy.
Cheapest way to send money to Italy from India: Instarem
They offer an average fee of 1,600* INR and exchange rate between INR-EUR that is 0% different to the mid-market rate.
In comparison, Instarem is 1.7% cheaper than the second-best option.
To secure affordable and great rates on a INR to Italy transfer, Instarem is our recommended 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 Italy from India: Wise.
Through our data, Wise was the quickest way to send money from India to Euro 44.6% of the time.
Sending money through Wise to Italy from India has an average fee of 2,536.23 INR.
To understand who was the fastest, we tested Wise as part of 5 money transfer providers. Within this, we looked at the overall speed of sending money from India to Italy. This was made up of transfer times to Italy after Indian Rupees were added to a money transfer account.
When fast money transfers between India and Italy are a priority, Wise is our recommended choice.
Transferring large sums of money
Of the 5 money transfer companies tested, Wise is the strongest option for large transfers from India to Italy.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from India to Italy can become expensive through your bank or with the wrong provider.
Wise is our choice for sending large sums of money to INR because they offer a strong all-round product.
Understanding the cost of sending money to Italy from India
The cost of sending money from Italy to Italy, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from INR-EUR is 0.0109 EUR per Indian Rupee.
Finding a provider offering an exchange as close to 0.0109 as possible will ensure more Euro received when transferring.
For context, the INR-EUR mid-market rate for the past three months has averaged 0.0109 EUR per Indian Rupee. This includes a high of 0.0112, and low of 0.0106.
Wise currently offers the best exchange rate on transfers from India to Italy.
For the most part the INR-EUR exchange rate you receive is the biggest factor impacting the cost of sending INR to Italy.
Fees: Outside of exchange rates, you may need to pay a fee to send. Instarem currently offers the lowest fees on transfers to Italy from India, averaging 1,600 INR over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Euro is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Indian Rupees to EUR, paired with a low fee, means a higher total amount received in Italy.
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 Italy 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 Italy transfer
Bank transfers
Bank transfers are often the better option for money transfers from India to Italy.
Sending money via a bank transfer with a company such as Instarem for transfers from India to Italy 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 5 we tested when sending INR to Italy.
With an average fee of INR1,600 to send money from India to Italy, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from India to Italy with a prepaid or a debit card is very simple with Wise.
Wise is a leader in card payments for transfers from India to Italy, competing among a total of 5 active money transfer companies on this route.
Credit cards
When it comes to transferring money with a credit card from India to Italy, Wise emerges as our top choice of the 5 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 Italy 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 Italy.
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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