What factors affect the total cost of sending money from Germany to India?

The total cost of your Euro to Indian Rupee money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider. To avoid overpaying for your transfer, compare money transfer providers.

How much does the exchange rate affect transferring money to India from Germany?

Historical Euro to Indian Rupee exchange rate markup ranges from -2.76% to 9.15% , a spread of 11.91 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.

Can you get a better-than-market rate when you send Euro to India?

Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative EUR to INR remittance rate markup. Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.

Exchange Rate vs Transfer Fee: What matters more when you send money to India from Germany?

Exchange rate markup ranges from -2.76% to 9.15% (a spread of 11.91 percentage points). Transfer fees range from EUR 0.00 to EUR 41.05, which equals roughly 29.32% on a EUR 140.00 transfer. At EUR 140.00, the larger driver of overall cost is the transfer fee , whilst at EUR 345.00, it shifts toward exchange rate markup . Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Germany to India money transfers. As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger EUR amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size. For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most INR for your EUR.

How much can costs vary between providers when sending money from Germany to India?

Historical transfer cost ranges from -1.33% to 31.01% for EUR transfers to India. That is a spread of 32.34 percentage points, indicating significant differences between various money transfer providers. A major contributor to this variation is exchange rate markup. FX markup alone ranges from -2.76% to 9.15% (a spread of 11.91 percentage points). Thus, even small differences in FX margin can have a big impact on the final INR payout.

Why do Money Transfer Providers charge different rates for Euro to Indian Rupee money transfers?

If you send the same Euro amount to India via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods. Even small differences among all the above factors can change the final INR payout in India in a big way.

How stable are the costs to remit money to India from Germany?

When we analyzed the historical total cost for EUR to INR transfers, we observed a range from -1.33% to 31.01% (32.34 percentage points difference), along with a variability (standard deviation) of 7.69%. A major driver of cost in this market is exchange rate markup. FX markup ranges from -2.76% to 9.15% (11.91 percentage points difference), with a standard deviation of 2.29%. Fees and payment/delivery method choices can contribute to further volatility. This is exactly why we recommend comparing money transfer providers to get the most of your Euro to Indian Rupee transfers.

Which Payment Method is the cheapest to send money from Germany to India?

Debit Card is the cheapest payment method in Germany based on its average cost at 3.65% (compared to Bank Account Transfer at 10.17%, a difference of 6.51 percentage points). Based on this, we recommend paying for your EUR transfer with Debit Card, and avoiding Bank Account Transfer if possible.

Is Debit Card cheaper than Credit Card when you transfer money to India from Germany?

Debit Card is cheaper on average when sending money to India from Germany since it costs 3.65% (compared to 3.81% for Credit Card payments, a difference of 0.16 percentage points). As a result, we recommend that you avoid paying for your transfer to India with a Credit Card.

Which Delivery Method is cheapest when you remit money to India from Germany?

Cash Pickup is the cheapest delivery method in India as it costs 6.23% (compared to Bank Deposit at 8.03%, a spread of 1.80 percentage points). If your recipient in India can accept Cash Pickup, we recommend choosing it as your preferred delivery option for Euro to Indian Rupee transfers.

Is Bank Deposit cheaper than Cash Pickup when you send money to India from Germany?

Cash Pickup is cheaper for Euro transfers to India given its 8.03% average cost (versus 6.23% for Cash Pickup, a difference of 1.80 percentage points). To save more, consider choosing the cheapest delivery option for India.

What is the cheapest way to send money from Germany to India?

We evaluated 7 payment and delivery method combinations for Germany to India remittances. Based on historical data, Debit Card → Bank Deposit is the cheapest combination with 2.49% cost . At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at 11.39% cost. That is a difference of 8.89 percentage points between the cheapest and most expensive combinations. Money transfer providers price payment and delivery methods for Germany to India remittances differently. As you compare options, look for the cheapest combination to maximize the value of your EUR to INR transfers.

Does sending more money reduce the cost to transfer money to India from Germany?

Larger Euro to Indian Rupee transfers are cheaper on average. The cost of a EUR 140 transfer averages 7.19% as compared to 4.07% for a EUR 345 transfer, a difference of 3.12 percentage points.

How long does it take to send EUR to INR money transfers?

Based on our analysis, the average transfer time for Euro to Indian Rupee transfers is 23 hours , with the fastest transfers completing in less than one hour and the slowest in 144 hours (~6.0 days).

Can you instantly transfer money from Germany to India?

Yes, historical data shows that some transfers to India from Germany can complete in less than one hour . Note that the actual speed of your EUR to INR transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.

Are banks more expensive than money transfer companies for Germany to India remittances?

Banks in Germany are more expensive than money transfer providers. The average cost of banks is 18.26% compared to 4.68% for money transfer providers in Germany, a difference of 13.58 percentage points.

Why do banks charge more to remit money from Germany to India?

Bank transfers in Germany cost 18.26% compared to 4.68% for money transfer companies. The difference is often due to the fact that banks in Germany provide lower exchange rates and charge higher wire transfer fees.

How competitive is the market for sending money from Germany to India?

Based on historical data, the competition level in Germany to India is considered competitive with 17 active providers. Money transfer providers represent about 64.7% of identified providers in Germany.

Can you overpay if you do not compare providers before transferring money to India from Germany?

Historically, total EUR to INR transfer cost has varied by 32.34 percentage points. On a EUR 140 transfer, that can translate to EUR 45.28 in savings . Euro to Indian Rupee exchange rate markup also varies across providers. The average markup spread has been about 11.91 percentage points. On a EUR 140 transfer, that could be EUR 16.67 saved from FX alone. Fees can also make a big difference in this market, with a difference of about EUR 41.05 across providers. That is why comparing providers can materially change how much of the EUR you send your recipient receives in India.

Best Way to Send Money from Germany to India: EUR to INR

Send money overseas with WorldRemit to take advantage of bank-beating exchange rates

📈 Germany to India Money Transfer Snapshot Today

Best EUR to INR exchange rate today: INR 111.2900, offered by Remitly
Number of money transfer providers compared: 22
Exchange rate range: INR 111.2900 to INR 108.7953
Potential savings on EUR 1000: INR 2,494.70
Number of deals and promo codes: 12
Mid-market^ⓘThe mid-market exchange rate (also called the interbank rate) is the real EUR to INR exchange rate before providers add their margin or fees. exchange rate: 1 EUR = INR 110.2743 (Updated about 1 hours ago)

See detailed Germany to India money transfer comparison below.

Germany to India money transfer providers that matched the search criteria

💡What these rates mean for sending money to India from Germany today

Compare top-rated money transfer providers to find the best way to remit money to India from Germany. Check today's EUR to INR exchange rates, read detailed provider reviews, and discover exclusive deals and promo codes.

RemitFinder compared 22 providers for Germany to India money transfers today. Here is what the competition looks like right now:

Today's Most Competitive Providers to Transfer Money to India from Germany

🥇 Remitly with 1 EUR = 111.2900 INR (best EUR to INR exchange rate today).

🥈 Unplex offering 1 EUR = 111.2800 INR.

🥉 Dahabshiil & Instarem are also providing good FX rate today.

The 22 providers compared today offer exchange rates from INR 108.7953 to INR 111.2900. On a EUR 1000 transfer from Germany to India, that spread means up to INR 2,494.70 in potential savings — simply by choosing the right provider.

Euro to Indian Rupee exchange rates fluctuate throughout the day, and top-ranked providers can change quickly. Even a small difference in the rate offered can significantly impact how much INR your recipient receives in India.

Compare the providers above to maximize every EUR you send to India. The best Euro to Indian Rupee transfer rate changes daily, so comparing today matters.

🔄 Looking for the reverse corridor? Send money from India to Germany instead.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Germany.

👇 There is more to a great transfer than today's EUR to INR exchange rate — 5 years of historical pricing data reveals what really drives the total cost of sending money to India from Germany.

Whilst Euro to Indian Rupee exchange rate is crucial, historical data shows that transfer fees, EUR amount sent and payment and delivery methods can also significantly influence your final payout.

Below, we analyze 5 years of Germany to India remittance data to show you exactly where costs arise, and the best practices that maximize your INR payout on every transfer.

Cost insights to remit money from Germany to India (data-backed)

When you send money internationally from Germany to India, the following 4 key factors determine how much your recipient actually receives:

EUR to INR exchange rate
Transfer fee
Payment method
Delivery method

Ideally, optimizing all four factors together gives your recipient in India the maximum INR payout on every transfer.

Another counter-balancing aspect is money transfer speed. If you need to transfer money from Germany to India urgently, you may have to compromise on some of the above factors whilst optimizing for speed.

To understand what actually drives cost, we analyzed historical remittance pricing¹ for EUR to INR money transfers — comparing transfer costs, FX margins, fees, and payment and delivery methods across providers.

This analysis is based on 492 actual Germany to India money transfers handled by 17 providers over the last 5 years (for a EUR 140 remittance benchmark).

This analysis of real Euro to Indian Rupee transfer data identifies the lowest-cost payment and delivery combinations — so you keep more of every Euro you send.

Before we deep dive, here are the key trends:

📌 Key Cost Insights: Transferring money from Germany to India

Average total cost: 7.19% (range -1.33% to 31.01%, spread 32.34 percentage points)
Potential payout difference: On a EUR 140 transfer, the above variation can save you up to EUR 45.28.
Average FX markup: 1.80% (range -2.76%^ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 9.15%, spread 11.91 percentage points)
Average transfer fee: EUR 7.55 (range EUR 0.00 to EUR 41.05)
Cheapest payment/delivery method combo: Debit Card → Bank Deposit (2.49% avg cost); most expensive is Bank Account Transfer → Bank Deposit (11.39%)
Payment/delivery method choice impact: Cheapest vs most expensive combo saves 8.89% (EUR 12.45 on EUR 140 transfer).
Market coverage: ~17 providers on average (competition level: competitive)
Average speed: About 23 hours

🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.

Below, we break down each of these factors in detail — so you know exactly where to focus when comparing providers for your next money transfer to India from Germany.

📈 EUR to INR Exchange Rate: The biggest factor when you send Euro to Indian Rupee

The exchange rate on your Germany to India money transfer is the single biggest factor determining your overall EUR cost — and how many Indian Rupee your recipient actually receives.

To analyze exchange rates, we use the exchange rate markup (also called FX margin) — the difference between the mid-market exchange rate^ⓘThe mid-market exchange rate (also called the interbank rate) is the real EUR to INR exchange rate before providers add their margin or fees. and the rate your provider actually offers you.

Here is what 5 years of historical data shows for FX markup on Euro to India transfers:

Average markup: 1.80%
Median markup: 0.84%
Lowest markup: -2.76%^ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts.
Highest markup: 9.15%

That is a spread of 11.91 percentage points between the lowest and highest observed FX markups.

To put this into perspective — on a EUR 140 transfer, that spread is INR 16.67 in differences purely from the exchange rate. On a EUR 345 transfer, that gap grows to INR 41.09.

🛠️ How to use this insight: When comparing providers for Germany to India remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.

The EUR to INR exchange rate is the single most critical factor in the cost of your transfer. When comparing providers, always check the rate first — it matters more than you might expect.

💰 Transfer Fees: What to watch when you remit money from Germany to India

Whilst exchange rate gets most of the attention, the transfer fee can also have a big impact on how much of your Euro actually reaches your recipient in India.

Based on 5 years of pricing data, here is what we see on Euro to India money transfer fees:

Average fee: EUR 7.55
Median fee: EUR 2.99
Lowest fee: EUR 0.00
Highest fee: EUR 41.05

The average fee of EUR 7.55 represents 5.39% of a EUR 140 transfer, a meaningful cost on its own.

And even when two providers offer identical exchange rates, the difference between the lowest and highest fee means a payout difference of up to EUR 41.05.

🛠️ How to use this insight: For your next money transfer from Germany to Indian Rupee, look for providers that offer lower (or even 0) transfer fees.

One important caveat: watch out for hidden fees. Some providers advertise zero or low fees but offset it with a lower EUR to INR exchange rate. The money lost through an inferior FX rate is just as real as a visible fee — but since it does not show up as a line item, it is called a hidden fee.

This is why comparing total cost (fee + FX markup combined) always gives you a clearer picture instead of looking at rates or fees alone.

Finally, keep in mind that fixed fees matter more on smaller transfers. On a EUR 200 transfer, a EUR 5 fee is 2.5% of your total amount. On a EUR 2,000 transfer, that same fee is just 0.25%. If you send smaller Euro to Indian Rupee transfers regularly, pay even more attention to fees.

Transfer fees can be just as costly as a poor exchange rate — always look at the total cost of your EUR to INR transfer, not just rates or fees alone.

💸 Payment & Delivery Methods that reduce your cost to transfer money to India from Germany

Based on our analysis of historical Germany to India remittance data, we see consistent variation in overall cost amongst various payment method and delivery methods.

Even when Euro to Indian Rupee exchange rates are similar, different combinations of payment and delivery options can lead to meaningful differences in what you pay.

💳 Average Cost by Payment Method

Here is the average cost for popular payment methods used to send money to India from Germany:

Debit Card: 3.65%
Credit Card: 3.81%
Cash: 8.38%
Bank Account Transfer: 10.17%

That is a spread of 6.51 percentage points.

👉 On a EUR 140 transfer, this means you could save up to EUR 9.12 simply by choosing a lower-cost payment method.

These savings increase further for larger EUR transfer amounts.

📥 Average Cost by Delivery Method

Here is the average cost of popular delivery methods used to remit money from Germany to India:

Cash Pickup: 6.23%
Bank Deposit: 8.03%

This is a difference of 1.80 percentage points.

👉 On a EUR 140 transfer, you could save up to EUR 2.53 by choosing Cash Pickup instead of Bank Deposit.

Different combinations of payment methods in Germany and delivery methods in India can lead to very different total costs when sending or remitting money.

Here is a summary of the average cost of payment and delivery method combinations for Germany to INR money transfers.

Payment Method	Delivery Method	Average Cost (%)
Debit Card	Bank Deposit	2.49
Credit Card	Bank Deposit	2.70
Debit Card	Cash Pickup	4.95
Credit Card	Cash Pickup	4.96
Bank Account Transfer	Cash Pickup	5.35
Cash	Cash Pickup	8.38
Bank Account Transfer	Bank Deposit	11.39

Sorted by Average Cost % (cheapest to most expensive).

The difference between these EUR to INR payment and delivery options is significant.

Lowest cost: Debit Card → Bank Deposit (2.49%)
Highest cost: Bank Account Transfer → Bank Deposit (11.39%)
Difference: 8.89 percentage points

👉 On a EUR 140 transfer, you could save up to EUR 15.94

👉 On a EUR 345 transfer, savings increase to EUR 39.28

Here is a quick summary of the average historical cost of various payment and delivery methods for EUR to India money transfers.

💸 Cheapest Payment & Delivery Methods to send EUR to INR transfers (data-backed)

Cheapest payment method: Debit Card (3.65%) vs Bank Account Transfer (10.17%)
Cheapest delivery method: Cash Pickup (6.23%) vs Bank Deposit (8.03%)
Cheapest combination: Debit Card → Bank Deposit (2.49%) vs Bank Account Transfer → Bank Deposit (11.39%)

🛠️ How to use this insight: As you compare money transfer providers for your next Germany to India international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.

This can help you avoid the pitfall of "great exchange rate, expensive methods".

You can save money on your Germany to India remittances by carefully choosing the cheapest payment and delivery methods.

🏦 Are banks more expensive than money transfer services for Germany to India money transfers?

When we compared Germany banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.

We observed that traditional banks charged 13.58 percentage points more on average than money transfer providers for Germany to India remittances.

This means banks are roughly 3.90x more expensive for sending EUR to India.

Here are the key stats behind this comparison:

	Banks	MTOs^	Difference
Average transfer fee	EUR 23.79	EUR 3.87	EUR 19.92
Exchange rate markup	1.26%	1.92%	-0.66 pp*
Average total cost (%)	18.26%	4.68%	13.58 pp*

^MTO: Money transfer operator, a commonly used term for a money transfer provider

*Percentage points

🛠️ How to use this insight: Whilst banks in Germany may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want use your bank in Germany, we recommend comparing with money transfer companies to find your best options.

📊 Does sending more money reduce the cost to remit money from Germany to India?

To see if transfer cost varies based on the amount sent, we compared the average cost of sending EUR 140 vs EUR 345 from Germany to India.

We found that sending a higher amount (EUR 345) is typically cheaper — average cost drops from 7.19% to 4.07%, a reduction of 3.12 percentage points.

The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.

🛠️ How to use this insight: Since it is generally cheaper to send higher Euro amounts to India, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.

🏛 How competitive is the market for sending money to India from Germany?

Based on data from the last 5 years, Euro to Indian Rupee money transfers are provided on an average by 17 remittance companies. With this number of providers, we consider the level of market competition to be competitive.

Traditional banks account for only 35.3% of active providers (6 out of 17), whilst money transfer services make up the majority. This means you have more options beyond banks when you transfer EUR to India.

Today, you can compare 22 providers on RemitFinder for Euro to Indian Rupee transfers — more than the historical average. This gives you a wider choice of pricing options as well as payment and delivery methods.

A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Germany to India remittances.

This is why comparing providers is especially important when you transfer money from Germany to India.

⏱️ How fast can you transfer Euro to Indian Rupee?

If your recipient in India needs funds urgently, transfer speed becomes just as important as cost when sending money.

Here is what we see for Germany to India transfers:

Average transfer time: About 23 hours.
Fastest transfer time: About less than 1 hour.
Slowest transfer time: About 144 hours (~6.0 days).
Average speed at EUR 140: About 23 hours.
Average speed at EUR 345: About 23 hours.

Banks vs money transfer providers speed comparison: Banks take 46 hours longer on average than money transfer providers.

In many cases, the fastest providers are not always the cheapest, so balancing speed and cost is important when you transfer EUR to India.

🛠️ How to use this insight: If you need to send money from Germany to India in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for India.

Transfer speed for Germany to India money transfers can vary widely across providers. For time-sensitive transfers, compare speed alongside cost and choose faster payment and delivery methods.

Frequently Asked Questions: Sending money to India from Germany

These FAQs use data from RemitFinder's historical analysis of Germany to India money transfers over several years.

What factors affect the total cost of sending money from Germany to India?
The total cost of your Euro to Indian Rupee money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect transferring money to India from Germany?
Historical Euro to Indian Rupee exchange rate markup ranges from -2.76% to 9.15%, a spread of 11.91 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can you get a better-than-market rate when you send Euro to India?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative EUR to INR remittance rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Exchange Rate vs Transfer Fee: What matters more when you send money to India from Germany?
Exchange rate markup ranges from -2.76% to 9.15% (a spread of 11.91 percentage points).
Transfer fees range from EUR 0.00 to EUR 41.05, which equals roughly 29.32% on a EUR 140.00 transfer.
At EUR 140.00, the larger driver of overall cost is the transfer fee, whilst at EUR 345.00, it shifts toward exchange rate markup.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Germany to India money transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger EUR amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most INR for your EUR.
How much can costs vary between providers when sending money from Germany to India?
Historical transfer cost ranges from -1.33% to 31.01% for EUR transfers to India. That is a spread of 32.34 percentage points, indicating significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -2.76% to 9.15% (a spread of 11.91 percentage points). Thus, even small differences in FX margin can have a big impact on the final INR payout.
Why do Money Transfer Providers charge different rates for Euro to Indian Rupee money transfers?
If you send the same Euro amount to India via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final INR payout in India in a big way.
How stable are the costs to remit money to India from Germany?
When we analyzed the historical total cost for EUR to INR transfers, we observed a range from -1.33% to 31.01% (32.34 percentage points difference), along with a variability (standard deviation) of 7.69%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -2.76% to 9.15% (11.91 percentage points difference), with a standard deviation of 2.29%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your Euro to Indian Rupee transfers.
Which Payment Method is the cheapest to send money from Germany to India?
Debit Card is the cheapest payment method in Germany based on its average cost at 3.65% (compared to Bank Account Transfer at 10.17%, a difference of 6.51 percentage points).
Based on this, we recommend paying for your EUR transfer with Debit Card, and avoiding Bank Account Transfer if possible.
Is Debit Card cheaper than Credit Card when you transfer money to India from Germany?
Debit Card is cheaper on average when sending money to India from Germany since it costs 3.65% (compared to 3.81% for Credit Card payments, a difference of 0.16 percentage points).
As a result, we recommend that you avoid paying for your transfer to India with a Credit Card.
Which Delivery Method is cheapest when you remit money to India from Germany?
Cash Pickup is the cheapest delivery method in India as it costs 6.23% (compared to Bank Deposit at 8.03%, a spread of 1.80 percentage points).
If your recipient in India can accept Cash Pickup, we recommend choosing it as your preferred delivery option for Euro to Indian Rupee transfers.
Is Bank Deposit cheaper than Cash Pickup when you send money to India from Germany?
Cash Pickup is cheaper for Euro transfers to India given its 8.03% average cost (versus 6.23% for Cash Pickup, a difference of 1.80 percentage points).
To save more, consider choosing the cheapest delivery option for India.
What is the cheapest way to send money from Germany to India?
We evaluated 7 payment and delivery method combinations for Germany to India remittances.
Based on historical data, Debit Card → Bank Deposit is the cheapest combination with 2.49% cost.
At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at 11.39% cost. That is a difference of 8.89 percentage points between the cheapest and most expensive combinations.
Money transfer providers price payment and delivery methods for Germany to India remittances differently. As you compare options, look for the cheapest combination to maximize the value of your EUR to INR transfers.
Does sending more money reduce the cost to transfer money to India from Germany?
Larger Euro to Indian Rupee transfers are cheaper on average.
The cost of a EUR 140 transfer averages 7.19% as compared to 4.07% for a EUR 345 transfer, a difference of 3.12 percentage points.
How long does it take to send EUR to INR money transfers?
Based on our analysis, the average transfer time for Euro to Indian Rupee transfers is 23 hours, with the fastest transfers completing in less than one hour and the slowest in 144 hours (~6.0 days).
Can you instantly transfer money from Germany to India?
Yes, historical data shows that some transfers to India from Germany can complete in less than one hour.
Note that the actual speed of your EUR to INR transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for Germany to India remittances?
Banks in Germany are more expensive than money transfer providers.
The average cost of banks is 18.26% compared to 4.68% for money transfer providers in Germany, a difference of 13.58 percentage points.
Why do banks charge more to remit money from Germany to India?
Bank transfers in Germany cost 18.26% compared to 4.68% for money transfer companies.
The difference is often due to the fact that banks in Germany provide lower exchange rates and charge higher wire transfer fees.
How competitive is the market for sending money from Germany to India?
Based on historical data, the competition level in Germany to India is considered competitive with 17 active providers.
Money transfer providers represent about 64.7% of identified providers in Germany.
Can you overpay if you do not compare providers before transferring money to India from Germany?
Historically, total EUR to INR transfer cost has varied by 32.34 percentage points. On a EUR 140 transfer, that can translate to EUR 45.28 in savings.
Euro to Indian Rupee exchange rate markup also varies across providers. The average markup spread has been about 11.91 percentage points. On a EUR 140 transfer, that could be EUR 16.67 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about EUR 41.05 across providers.
That is why comparing providers can materially change how much of the EUR you send your recipient receives in India.

Latest Exchange Rates for Sending Money to India from Germany

Here are some latest EUR to INR (Euro to Indian Rupee) exchange rates for popular conversion amounts*.

1 EUR	110.27 INR
5 EUR	551.37 INR
10 EUR	1,102.74 INR
25 EUR	2,756.86 INR
50 EUR	5,513.72 INR
100 EUR	11,027.43 INR
150 EUR	16,541.15 INR
200 EUR	22,054.86 INR
250 EUR	27,568.58 INR
300 EUR	33,082.29 INR
400 EUR	44,109.72 INR
500 EUR	55,137.15 INR
600 EUR	66,164.58 INR
700 EUR	77,192.01 INR
800 EUR	88,219.44 INR
1000 EUR	110,274.30 INR
1500 EUR	165,411.45 INR
2000 EUR	220,548.60 INR
2500 EUR	275,685.75 INR
3000 EUR	330,822.90 INR
4000 EUR	441,097.20 INR
5000 EUR	551,371.50 INR
10000 EUR	1,102,743.00 INR
15000 EUR	1,654,114.50 INR
20000 EUR	2,205,486.00 INR
30000 EUR	3,308,229.00 INR
40000 EUR	4,410,972.00 INR
50000 EUR	5,513,715.00 INR
100000 EUR	11,027,430.00 INR

*Based on the Mid-market Exchange Rate^ⓘThe mid-market exchange rate (also called the interbank rate) is the real EUR to INR exchange rate before providers add their margin or fees.. Actual payout may vary based on the chosen money transfer provider.

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¹ Based on 492 pricing observations across 17 firms over the last 5 years for a EUR 140 money transfer from Germany to India. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.

How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Germany to India remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.

Best Way to Send Money to India from Germany (EUR to INR)