EUR to INR exchange rate | Send money from Germany to India

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📈 Germany to India Money Transfer Snapshot Today

Best EUR to INR exchange rate today: INR 108.0921, offered by Panda Remit
Number of money transfer providers compared: 23
Exchange rate range: INR 104.8253 to INR 108.0921
Potential savings on EUR 1000: INR 3,266.80
Number of deals and promo codes: 13
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 106.7433 (Updated about 1 hours ago)

See detailed Germany to India money transfer comparison below.

Money Transfer Providers that matched the search criteria

💡What today's EUR-INR exchange rates mean for you

Compare today's EUR-INR exchange rates and send money from Germany to India with confidence. View the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.

We compared 23 providers facilitating Germany to India money transfers today. Here is how the market looks like right now:

Today's Most Competitive Germany to India Providers

🥇 Panda Remit with 1 EUR = 108.0921 INR (best EUR to INR exchange rate today).

🥈 Remitly offering 1 EUR = 107.9600 INR.

🥉 Unplex & Profee are also pricing EUR-INR competitively today.

The exchange rate provided by these 23 providers ranges from INR 104.8253 to INR 108.0921. For a EUR 1000 money transfer from Germany to India, that could mean up to INR 3,266.80 saved on FX alone.

EUR-INR exchange rates fluctuate throughout the day, and top positions can change quickly. This can significantly impact the final INR payout that your recipient gets in India.

That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Germany to India remittances.

🔄 Looking for the reverse route? 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.

👇 Look beyond today's EUR-INR exchange rate — historical pricing trends show how they can affect the overall transfer cost of your transfer.

Whilst the exchange rate matters, long-term pricing patterns show that exchange rate markup, transfer fees, and payment and delivery methods can significantly influence your final payout.

Below, we analyze Germany to India historical remittance data to help you understand where costs may arise and strategies to potentially maximize your INR payout.

Data-driven cost insights for Germany to India money transfers

When you send money internationally from Germany to India, the key factors that will influence the overall cost of your transaction are:

EUR-INR exchange rate
Transfer fee
Payment method
Delivery method

Ideally, you would want to optimize these 4 factors to try to get the maximum INR payout for your overseas recipient in India.

Another counter-balancing aspect is money transfer speed. If you need to rush money from Germany to India, you may have to compromise on some or all of the above factors.

To put these factors into a better perspective with a data-driven approach, we have analyzed historical remittance pricing¹ for the Germany to India corridor, comparing total transfer costs, FX margins, fees, and payment and delivery methods across providers.

This historical analysis based on actual EUR-INR transfer data could prove useful in identifying the lowest-cost funding options and payout combinations, thereby helping you reduce transfer costs and maximize the amount received.

Before we deep dive, here are the key trends from our analysis, summarized in an easy to read manner.

📌 Key insights for Germany to India money transfers

Typical total cost: 7.23% (range 0.25% to 31.01%, spread 30.76 pp)
Potential value difference: On a EUR 140 transfer, that spread can save you up to EUR 43.06.
FX markup (exchange rate margin): 1.73% (range -1.60% to 9.15%, spread 10.75 pp)
Average transfer fee: EUR 7.70 (range EUR 0.00 to EUR 41.05)
Cheapest payment/delivery method combo: Debit Card → Bank Deposit (2.18% avg cost); most expensive is Bank Account Transfer → Bank Deposit (13.99%)
Method choice impact: Cheapest vs most expensive combo differs by about 11.81 percentage points.
Market coverage: ~14 active providers (competition level: competitive)
Typical speed: About 17 hours

What to do next: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.

Below, we provide various useful and detailed insights for Germany to India money transfers.

📈 EUR to INR exchange rate markup can be the biggest hidden cost

The exchange rate on your Germany to India money transfers can often be the single biggest factor that will determine your overall EUR cost and your recipient's INR payout.

To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the 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 and the exchange rate you receive.

Based on 321 pricing observations across 14 providers over the last 3 years (for a EUR 140 money transfer benchmark), we see the following exchange rate markup ranges for Euro to India transfers:

Average exchange rate markup: 1.73%
Median exchange rate markup: 0.82%
Lowest observed markup: -1.60%^ⓘ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 observed markup: 9.15%

That is an FX markup spread of 10.75 percentage points between the lowest and highest observed exchange rate markups.

This spread is important because FX markup is not consistent across providers or payment methods. In other words, a "good deal" on one day or transfer amount can look very different on another.

For example, on a EUR 140 transfer, the above markup range is equivalent to roughly INR 15.05 purely from differences in the exchange rate. That incremental saving can be INR 37.09 for a EUR 345 transfer.

How to use this insight: When comparing providers for Germany to India international remittances, always compare the exchange rate you receive (not just fees). A small difference in the FX markup can outweigh fees quickly, and the impact typically grows as transfer amounts increase.

EUR to INR exchange rate can be the single most critical cost determining factor for your transfer. When comparing providers, pay close attention to the rate you will get.

💰 Transfer fees influence your total Germany to India remittance cost

Whilst exchange rate is a major factor affecting total percentage cost, the transfer fee itself can also have a major impact on how much of your Euro amount actually reaches your recipient in India.

Based on 321 pricing observations across 14 providers over the last 3 years (EUR 140 benchmark), we notice the following fee patterns for Euro to India money transfers:

Average transfer fee: EUR 7.70
Median transfer fee: EUR 2.99
Lowest observed fee: EUR 0.00
Highest observed fee: EUR 41.05

On a EUR 140 transfer, the average fee amount of EUR 7.70 represents 5.50% of the total amount sent.

Looking at the overall fee variation, even if two providers provide similar exchange rates, a worst case transfer fee can reduce the final payout by EUR 41.05 on the same transfer amount.

For larger transfers, fixed fees generally become less significant as a percentage of the total amount. But for smaller transfers, fees can represent a substantial portion of total cost.

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

One caveat to this, though, is something called the hidden fee. Some providers may hide their fees by providing lower exchange rates (referred to as a hidden fee), so you should also keep an eye on rates whilst paying attention to fees.

💸 Payment and delivery methods matter for EUR-INR remittances

Based on our detailed analysis of historical pricing on the Germany to India corridor, we see meaningful variation in overall cost depending on the payment method and delivery method you choose.

Based on 321 pricing observations across 14 providers over the last 3 years (EUR 140 money transfer benchmark), the lowest-cost payment and delivery options consistently differ from the highest-cost ones.

For example, here is the average cost variation for popular payment methods used to send money to India from Germany:

Debit Card: 3.36%
Credit Card: 3.53%
Cash: 7.36%
Bank Account Transfer: 12.01%

That is a total spread of 8.66 percentage points.

This means that on a EUR 140 EUR-INR transfer, you could save (or lose) up to EUR 12.12 simply by choosing from amongst the available payment methods.

The savings will only multiply for higher EUR amounts.

Similarly, here is the average cost of popular delivery methods used to send money to India:

Cash Pickup: 5.64%
Bank Deposit: 8.69%

The difference between the above delivery methods is 3.04 percentage points.

Once again, this means that you could save up to EUR 4.26 on a EUR 140 transfer to India by choosing Cash Pickup versus Bank Deposit.

As you can imagine, the possible combinations of Germany payment methods and India delivery methods will all have disparate cost associated with them. Let us look at that next.

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

Payment Method	Delivery Method	Avg cost (%)
Debit Card	Bank Deposit	2.18
Credit Card	Bank Deposit	2.31
Debit Card	Cash Pickup	4.64
Credit Card	Cash Pickup	4.65
Bank Account Transfer	Cash Pickup	5.81
Cash	Cash Pickup	7.36
Bank Account Transfer	Bank Deposit	13.99

Combinations are sorted by average total cost % (cheapest to most expensive).

As you can see, the cost differential between these EUR-INR payment and delivery options is significant. To put this in further perspective:

Debit Card → Bank Deposit has the lowest average cost at 2.18%.
Bank Account Transfer → Bank Deposit has the highest average cost at 13.99%.
Debit Card → Bank Deposit average cost is 11.81 percentage points lower than Bank Account Transfer → Bank Deposit.
This means that on a EUR 140 money transfer, you could save up to EUR 19.59 simply by choosing the best payment and delivery method combo.
Further, on a EUR 345 money transfer, the savings increase to EUR 48.27.

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

💸 Cheapest payment and delivery methods (data-backed)

Cheapest payment method: Cost of Debit Card averaged 3.36%, compared to 12.01% for Bank Account Transfer, a difference of 8.66 percentage points.
Cheapest delivery method: Cost of Cash Pickup averaged 5.64%, compared to 8.69% for Bank Deposit (3.04 percentage points higher).
Cheapest combo: Cost of Debit Card → Bank Deposit averaged 2.18%, which is 11.81 percentage points lower than Bank Account Transfer → Bank Deposit (13.99%).

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 approach can help you avoid a common remittance pitfall of "cheap exchange rate, expensive methods" that can raise total cost even when the headline exchange rate looks attractive.

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

🏦 Are banks more expensive than specialist providers for EUR-INR money transfers?

We compared traditional banks with specialist money transfer providers based on 3 years of pricing data for Germany to India transfers (EUR 140 benchmark), and noticed some patterns.

We observed that traditional banks charge 20.31 percentage points more on average than specialist money transfer providers for the Germany to India remittance corridor.

That means banks are approximately 5.73x more expensive than money transfer companies on average.

Here are the key stats behind this comparison:

	Banks	Specialists	Difference
Average transfer fee	EUR 32.80	EUR 3.45	EUR 29.35
Exchange rate markup	1.16%	1.82%	-0.66 pp
Average total cost (%)	24.60%	4.29%	20.31 pp

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

📊 Does sending more reduce the cost of EUR-INR money transfers?

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

We found that sending the higher amount (EUR 345) tends to be cheaper - average cost drops from 7.23% to 4.01%, a reduction of 3.22 percentage points.

It is possible that the cost may continue to drop for higher transfer amounts. That said, always check the latest exchange rates and fees for your 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 sends as doing so may reduce the total cost you pay.

🏛 How competitive is the Germany to India remittance market?

Based on 321 pricing observations over the last 3 years (EUR 140 money transfer benchmark), the EUR-INR corridor is served by 14 active providers on an average.

With 14 providers serving this market, we consider the level of competition in this corridor to be competitive.

Traditional banks represent only 35.7% of active providers in this corridor (5 out of 14), meaning specialist money transfer companies make up the majority.

A corridor with more active providers is typically more competitive, which can translate into better pricing and more payment and delivery options for your Germany to India remittances.

⏱️ How fast are EUR-INR money transfers?

Transfer speed can matter just as much as cost, especially when your recipient in India needs funds urgently.

Based on 321 historical pricing observations across 14 providers over the last 3 years (EUR 140 benchmark), here is what we see for Germany to India transfers:

Typical transfer time: About 17 hours.
Fastest transfer time: About less than 1 hour.
Slowest transfer time: About 96 hours (~4.0 days).
Average speed at EUR 140: About 17 hours.
Average speed at EUR 345: About 17 hours.

Banks vs money transfer providers: We observed that banks take on average 42 hours longer than specialist money transfer providers on this corridor.

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 often varies by payout method (bank vs cash vs wallet) and local rails in India.

On the Germany to India corridor, delivery speed can vary across providers, so it is worth comparing transfer speed alongside total cost for time-sensitive money transfers.

Frequently Asked Questions about Germany to India money transfers

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?

EUR-INR exchange rate markup, transfer fees, payment method and delivery method all affect total cost.

The total cost of your EUR-INR money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate markup applied, and any transfer fee charged by the provider. You can generally avoid overpaying by comparing various providers.

How much does the exchange rate markup affect Germany to India transfers?

EUR-INR exchange rate markup can significantly affect your final payout.

Historical Euro to INR FX markup ranges from -1.60% to 9.15%, a spread of 10.75 percentage points. As you can see, even small differences in the exchange rate markup can easily outweigh fees.

Can EUR-INR exchange rate markup be negative?

Yes, negative markup can occur for Germany to India transfers, usually representing a promotional rate.

In some cases, providers may offer promotional exchange rates that are better than the mid-market rate, resulting in a negative EUR-INR exchange rate markup. These offers are typically limited in size, eligibility, or duration. Compare providers to see if you can take advantage of such special offers.

Is the exchange rate or the fee more important for Germany to India transfers?

The transfer fee contributes more to pricing variation for EUR-INR transfers (and that remains true at higher amounts).

Exchange rate markup ranges from -1.60% to 9.15% (a spread of 10.75 percentage points). Transfer fees range from EUR 0.00 to EUR 41.05, which equals roughly 29.32 percentage points of a EUR 140.00 transfer.

At both EUR 140.00 and EUR 345.00, the transfer fee shows larger variation than the other component.

But regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Germany to India transfers.

As the transfer amount increases, the % impact of fees often 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 markup often becomes the bigger driver. Either way, comparing both helps you get the most INR for your EUR.

How much can Germany to India transfer costs vary between providers?

Transfer costs can vary significantly depending on provider and method.

Historical transfer costs range from 0.25% to 31.01% for EUR transfers to India. That is a spread of 30.76 percentage points, meaning the difference between providers can be material.

A major contributor to this variation is exchange rate markup. Markup alone ranges from -1.60% to 9.15% (a spread of 10.75 percentage points). Even small differences in FX margin, therefore, can significantly change the final INR payout.

Why does the same EUR transfer cost different amounts when sending INR to India?

Payment method, delivery method, exchange rate markup, and fees all affect total EUR-INR cost.

Costs vary because providers apply different Euro exchange rate markups, charge different transfer fees, and offer different payment and delivery methods. Even small differences amongst all these factors can significantly change the final payout in INR in India.

How stable are transfer costs in the Germany to India corridor?

Money transfer costs can vary meaningfully across providers and methods in the Germany to India market.

When we analyzed the historical total cost for EUR-INR transfers, we observed a range from 0.25% to 31.01% (30.76 percentage points), along with a variability (standard deviation) of about 8.14%.

A major driver of cost in this market is exchange rate markup. Markup ranges from -1.60% to 9.15% (10.75 percentage points), with a standard deviation of about 2.34%. Fees and method choices can contribute to further volatility.

This reinforces why comparing money transfer providers and their services can matter when it comes to getting the most of your EUR-INR transfers.

Which payment method is cheapest for Germany to India remittances?

Debit Card is the cheapest payment method in Germany based on average cost.

Debit Card averages 3.36% of total cost compared to Bank Account Transfer at 12.01%, a difference of 8.66 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 for Germany to India transfers?

Debit Card is cheaper on average when sending money to India from Germany.

For EUR-INR transfers, Debit Card funding averages 3.36% compared to 3.53% for Credit Card payments, a difference of 0.18 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 for EUR-INR money transfers?

Cash Pickup is the cheapest delivery method in India on average.

Cash Pickup averages 5.64% total cost compared to Bank Deposit at 8.69%, a spread of 3.04 percentage points.

If your recipient in India can accept Cash Pickup, we recommend choose it as your preferred delivery option for EUR-INR transfers.

Is Bank Deposit cheaper than Cash Pickup for Germany to India transfers?

Cash Pickup is cheaper on average for transfers to India.

For EUR transfers to India, Bank Deposit averages 8.69% versus 5.64% for Cash Pickup, a difference of 3.04 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?

For EUR-INR transfers, Debit Card → Bank Deposit has the lowest-cost combination on average.

We evaluated 7 payment and delivery method combinations in the Germany to India remittance market.

Based on historical averages, Debit Card → Bank Deposit costs about 2.18% on average. At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at about 13.99% on average.

The spread between the cheapest and most expensive method combinations is approximately 11.81 percentage points when sending EUR to India.

Money transfer providers tend to price payment and delivery methods for Germany to India remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your EUR-INR transfers.

Does sending more money reduce the cost for Germany to India transfers?

Larger EUR-INR transfers are cheaper as a percentage on average.

The cost of a EUR 140 transfer averages 7.23% as compared to 4.01% for a EUR 345 transfer, a difference of 3.22 percentage points.

Note that transfer cost can change quickly based on the EUR amount you send, so ensure to carefully compare providers.

How long does it take to send money from Germany to India?

Most EUR-INR transfers complete in about 17 hours.

Based on our analysis, the average transfer time is 17 hours, with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).

Are instant transfers available from Germany to India?

Yes, some transfers to India from Germany can complete in less than one hour.

Historical data shows that certain providers can complete transfers in under one hour.

Note that the actual speed of your EUR-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?

Banks in Germany are more expensive than specialist money transfer providers on average.

Banks average 24.60% total cost compared to 4.29% for specialist money transfer providers in Germany, a difference of 20.31 percentage points.

Why do banks charge more for Germany to India transfers?

Banks in Germany often apply higher exchange rate markups and charge high wire transfer fees.

In this corridor, banks average 24.60% total cost compared to 4.29% for money transfer specialists.

The difference is often due to the fact that banks in Germany charge higher exchange rate markups, and often higher wire transfer fees as well.

How competitive is the Germany to India remittance market?

On an average, there have been 14 active providers facilitating EUR-INR transfers.

Based on historical data, the competition level in Germany to India is considered competitive with 14 active providers.

Specialist money transfer providers represent about 64.3% of identified providers in Germany.

Do I risk overpaying if I do not compare providers for Germany to India?

The difference between providers servicing Germany to India can be meaningful, especially as the EUR transfer amounts increase.

Historically, total EUR-INR transfer cost has varied by about 30.76 percentage points. On a EUR 140 transfer, that can translate to roughly EUR 43.06 in savings.

EUR-INR exchange rate markup also varies across providers. The average markup spread has been about 10.75 percentage points. On a EUR 140 transfer, that is roughly EUR 15.05 saved from FX alone.

Fees can also make a big difference in this market. The fee difference across providers has been about EUR 41.05 traditionally.

That is why comparing providers can materially change how much of the EUR you send does your recipient receive in India in India.

Latest EUR to INR Conversion Rates

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

1 EUR	106.74 INR
5 EUR	533.72 INR
10 EUR	1,067.43 INR
25 EUR	2,668.58 INR
50 EUR	5,337.17 INR
100 EUR	10,674.33 INR
150 EUR	16,011.50 INR
200 EUR	21,348.66 INR
250 EUR	26,685.83 INR
300 EUR	32,022.99 INR
400 EUR	42,697.32 INR
500 EUR	53,371.65 INR
600 EUR	64,045.98 INR
700 EUR	74,720.31 INR
800 EUR	85,394.64 INR
1000 EUR	106,743.30 INR
1500 EUR	160,114.95 INR
2000 EUR	213,486.60 INR
2500 EUR	266,858.25 INR
3000 EUR	320,229.90 INR
4000 EUR	426,973.20 INR
5000 EUR	533,716.50 INR
10000 EUR	1,067,433.00 INR
15000 EUR	1,601,149.50 INR
20000 EUR	2,134,866.00 INR
30000 EUR	3,202,299.00 INR
40000 EUR	4,269,732.00 INR
50000 EUR	5,337,165.00 INR
100000 EUR	10,674,330.00 INR

*Based on the 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. Actual payout may vary based on the chosen money transfer provider.

Other popular countries to send money from Germany

¹ Based on 321 pricing observations across 14 firms over the last 3 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.

Compare today's EUR to INR (Euro to Indian Rupee) exchange rates