Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 67.2% of India to Spain searches, and was the top rated company out of 5 that support INR to EUR.
So for a great mix of cost, speed & features, make your India to Spain transfer using Wise.
How to get the best deal on your India to Spain transfer
Important things to consider before sending money from India to Spain
Don't settle for the first option. Always compare ways to send money from India to Spain to find out about fees, speed, and reliability.
Our analysis included 5 providers that operate between India and Spain.
Through this, you get a comprehensive view of all the options you have in India when you need to send money to Spain.
Cheapest way to send money to Spain from India: Instarem
Data collected over the past six months show that Instarem is 0% cheaper than the second-best option.
The ₹1456.11 transfer cost represents the most common fee for INR to EUR international transfers, based on data from the past six months.
If you want to secure the best rates on a INR to Spain transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to INR-EUR by Instarem, based on data from the past six months.
Fastest way to send money from India to Spain: Wise
Our data shows that Wise came up as the fastest way to send money from India to Spain in 43.5% of searches. This makes them well suited to urgent INR to EUR money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from India to Spain - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to Spain from India in 43.5% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send INR from India to Spain, it’s the provider that will keep you safe and relaxed while your money moves into EUR.
Understanding the costs involved when moving money from India to Spain
When calculating the costs of money transfers between India and Spain, here's what really matters:
The Mid-Market Rate: Today, the INR-EUR mid-market rate equals to 0.011252 EUR per Indian Rupee. Keep in mind that this rate fluctuates all the time.
The INR-EUR average exchange rate of the past three months has been 0.0111 EUR per Indian Rupee, with a high of 0.0115 and a low of 0.0108.
Fees and Markups: That's where Instarem shines, combining the best of both worlds: excellent INR to EUR rates that are only -0.11% away from the average.
How to find the best exchange rate for Indian Rupee to Euro
Timing is essential sending money between INR and EUR. The exchange rate you secure impacts how much EUR you get for your INR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from INR to EUR has seen some fluctuation. On average, it stood at 0.0111.
During this period, the highest value recorded was 0.0115, while the lowest was 0.0108.
Wise, which is our recommended service to send money online from India to Spain offers an exchange rate that is only -0.02% above the mid-market rate.
Want to secure the best INR-Euro exchange rates?
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Payment methods available to fund your India to Spain transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Spain and India.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
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 Spain .
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.