When we compare money transfer providers, we consider all the fees and recommend the ones where your euros go furthest. You’ll save significantly on costs if you use a specialist currency provider to send money from Germany to India.įor example, if you’re sending 1,000 euros between Germany and India, the cheapest international money transfer provider will charge less than 5 euros, while Deutsche Bank will charge 43 euros. ![]() These fees can quickly add up, and your German bank will be one of the most expensive ways to transfer money. For example, the standard exchange rate states that 200 EUR is worth 15,730 INR, but a currency provider sends 15,350 rupees to the beneficiary. Difference to exchange rate - this is where a currency provider offers a worse exchange rate than the standard exchange rate.These percentage fees can range from under half a percent to two percent or more. Percentage fee - this is a commission you pay on the total amount you transfer, so the less you send, the less you pay.Fixed fee - this is a fixed EUR fee that banks and some other providers charge to convert and transfer money to India.There are three main ways you could be overpaying when you’re converting between German and Indian money: How You Get Charged When You Transfer From EUR to INR Whatever your reason, we’ve got the right specialist currency providers to help you send your money quickly, securely and cheaply. Germans travelling in India who want access to their funds from home.Businesses in Germany transferring money to India for manufacturing, supply, outsourcing or other reasons.Helping out friends and family in India with some extra cash.Indian workers in Germany repatriating their salary to an Indian bank account.These people have a variety of reasons to send money between Germany and India, including: There are around 120,000 residents of Indian descent in Germany, of which around 50,000 hold an Indian passport, with the remainder being born in Germany or permanent German residents. Reasons To Send Money From Germany to India Combined with the total amount Germany sends to India each year, these charges could mean up to 15 million Euros in unnecessary expenses - or 125 euros each if all of the 120,000 German residents of Indian origin are converting their euros to rupees. Traditional banks, PayPal and some currency exchange businesses charge unnecessarily high fees. German residents send over 290 million euros to India every year. You’re Probably Paying Too Much To Send Euros to India ![]() That way, the person getting the rupees has more cash in their pockets, and that’s good for both of you. Whether you’re sending your salary back to India, helping out family and friends or planning a trip, we can help by sharing the cheapest and best money transfer providers. Whatever your needs, we’ll save you money. We help you find the most straightforward, quickest and most secure ways to convert your money and send it from Germany to India. ![]() When transferring money from Euros (EUR) to Indian rupees (INR), you want to keep your currency exchange fees to an absolute minimum. The Best Ways to Transfer Money From Germany to India
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