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

Always compare ways to send money from Germany to India to get the best options for fees, speed, and reliability.

For EUR/INR

• Wise is our top pick for sending EUR to INR. For example, sending 7,000 EUR to INR will cost you €40.69 in fees, and you will receive 753,004.3 INR. The delivery time is within an hour, but it depends on the day you make the transfer.

• Cheapest way to send money to India from Germany is with Taptap Send. The cost is made up of a fee of 1.99 EUR and an exchange rate for buying Indian Rupee with Euro that is 0.01% different to the mid-market rate.

• Of the 16 companies compared, Revolut currently offers the fastest money transfers to India from Germany. Sending €7,000 to India through Revolut will be within minutes.

Our analysis included 16 providers that operate between Germany and India.

Through this, you get a comprehensive view of all the options you have in Germany when you need to send money to India.

The exchange rate determines how many EUR the recipient will get in India when you send Euro.

When calculating the costs of money transfers between Germany and India, here's what really matters:

• The Mid-Market Rate: Today, the EUR-INR mid-market rate equals to 107.8138 INR per Euro.

• Fees may also be added on top, and usually vary depending on how much EUR you are sending to India.

• For the best combination of rates and fees, we suggest using Taptap Send.

Today, the average exchange rate between Euro and Indian Rupee is 107.8138.

The EUR-INR rate fluctuates constantly, so timing your transfer to India can help you save a lot of money.

Sometimes, waiting a day or two can help you get more INR for the same amount of EUR. You can also opt for a forward contract to lock in rates between Germany and India.

A bank transfer is the most cost effective option for sending money from Germany to India. The company offering the best bank transfer price is Taptap Send.

Here are all the ways to send money from Germany to India:

Bank transfers

The default option for sending money from Germany to India is often a bank transfer.

Using a money transfer company such as Profee for transfers from Germany to India, allows for sending via a bank transfer while benefiting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Sending money from Germany to India with a prepaid or debit card is easy with Wise.


Wise is a leader in accepting card payments for transfers between Germany and India.

Credit cards

We recommend using a bank transfer or a debit card deposit instead of a credit card, as many companies do not allow direct deposits with a credit card and are usually more expensive and come with cash advance fees!

Always choose providers that are regulated by financial authorities to ensure funds are safe when transferring from Germany to India.

If you don’t know what the key regulatory bodies for money transfers are between Germany and India, please refer to our directory of financial regulators worldwide.

Some services have limits on how much you can transfer from Germany to India. This applies when receiving money in India as well.

Different companies will offer different rates or lower fees for different transfer amounts.

For example, we recommend using Wise if you need to send large amounts of EUR to India.

This being said, always check with the recipient and understand any declarations needed on large amounts of money leaving Germany, or entering India.

There are different ways to receive money in India. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account.

If you (or the recipient) want a direct transfer to your bank account, Wise is the best money transfer company for bank transfers between Germany and India.

And if you need cash right away, check if cash pickup is an option for transfers between Germany and India.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Taptap Send.

When you're sending or receiving money between Germany and India, you have to be ready to show some ID.

The exact documents you need might vary. Usually in Germany this will be a government ID like a passport or driver's license. This will be similar if you need to open an account or collect cash in India.

If you're making a big transaction between Germany and India, a provider may ask you for proof of address or may want to know where your money comes from.

Wise is a great option for sending from Germany as the sign up process is pretty straightforward, even for larger transactions.

When sending large amounts of money between Germany to India there will be tax implications to consider.

Some EUR-INR transfers may need to be reported to tax authorities, particularly where inheritance or property sales are involved.

Tax limits and personal allowances differ in India based on age, income and a few other elements. When in doubt, please contact a tax professional in Germany or India to discuss your personal circumstances.