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

Comparing based on your specific needs is the best way to send money from India to Germany with confidence.

For INR/EUR

• Wise is our top pick for sending Indian Rupee to Germany. For example, sending 600,000 INR to EUR will cost you ₹7078.39 in fees, and you will receive 5,478.59 EUR.

• We would recommend Currencies Direct for low cost, affordable transfers from Euros to Germany. We found that Currencies Direct is 0.48% cheaper than the second-best option. The cost is a combination of a fee of 0 INR and an exchange rate for converting Indian Rupee to Euro that is 0.46% different to the mid-market rate.

• Fastest way to send money to Germany from India is with Currencies Direct. For example, if you send 600,000 INR with Currencies Direct to Germany, the transfer time is minutes - 24 hours based on our data.

Our analysis, and search results, include 2 providers that operate between India and Germany. 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 Germany.

The exchange rate determines the price you’ll pay for Euro when you send Indian Rupee to Germany.

The current exchange rate between the Indian Rupee and Euro is 0.0093, and it constantly fluctuates.

When calculating the cost of sending money from India to Germany, a combination of fees and exchange rates ensure the best deal:

• The Mid-Market and Exchange Rates: The current INR-EUR mid-market rate is 0.0093 EUR per Indian Rupee. Finding a provider as close to this number as possible will ensure more Euro for your money.

• Fees: Transfer fees are charged on top of a transfer. Currencies Direct currently offers the lowest fees of 0 INR per transfer (based on ₹600,000 transfer). Although, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The total amount received in Euro is the biggest indicator in the total cost of sending money to India from Germany. The higher the total amount received in Germany, the lower the cost of sending from India.

It’s possible that waiting a day or two can help you get more EUR for the same amount of Indian Rupee. But, the best way to lock in a price between India and Germany is by using a forward contract.

A bank transfer is our recommended option for money transfers between India and Germany. Currencies Direct offers the best price on a bank transfer.

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

Bank transfers

Bank transfers are often the best payment method for money transfers from India to Germany.

A money transfer company like Currencies Direct offer bank transfers between India and Germany with lower fees and better exchange rates than you would get from a traditional bank.

On average, Currencies Direct is the cheapest provider for bank transfers of the 2 we tested when sending INR to Germany.

Debit and prepaid cards

Sending money from India to Germany with a debit or a prepaid card is very simple with .


is a leader in debit card payments for transfers from India to Germany, competing among a total of 2 active money transfer companies on this route.

Credit cards

We recommend avoiding credit cards where possible due to a lack of support and high fees.

If you have to use a credit card, we recommend comparing your options to find the company with the lowest fees.

Always choose providers that are regulated by financial authorities in both India and Germany to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between India and Germany.

Some services have minimum or maximum thresholds on how much you can transfer from India to Germany.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Wise if you need to send large amounts of INR to Germany. The combination of rates and fees when sending to Germany is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving India, or entering Germany. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Germany. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from India to Germany will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from India into Euro. Wise is the best company for bank transfers between India and Germany.

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

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 Currencies Direct.

When signing up to a money transfer company to send between India and Germany, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in India this will be a government ID like a passport or driver's license. In Germany it will be a similar set of documents, although this should only be needed if you are opening a new account in Germany, or collecting in cash.

Big transactions between India and Germany, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Wise in part due to their easy sign up process in India.

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

Some transfers into Euro may need to be reported to tax authorities in Germany, particularly where inheritance or property purchases are involved.

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