Send money from Germany to India

Highest remittance rate for converting 1 EUR to USD = 1.19

Best way to send money from Germany to India

There are multiple ways of sending money from Germany to India, but not all of them suit your needs. We help you make a sound decision when selecting the transfer service to help you get your money to India. At ERIQ, we present a simplified and well-detailed comparison of these services to save you time. Having to visit one website after the other looking for the best international money transfer agent is tiresome and confusing.

Many people are stuck between options when it comes to sending money from Germany to India because of the many available and confusing options. Thanks to Exchange Rate IQ however, you can quickly select a suitable money transfer service and learn how services like XE Money can make life easier for you.

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Country Guide - India

1.21

Mid Market Rate

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1.21

Mid Market Rate

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Currencies:
EUR-INR EUR-USD
Sort By:
BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee € 3.02) € 500
Receiving Amount
$ 599.0597
Realized Exchange Rate
1.19
transferwise EUR to USD Exchange Rate
1.2054
Best Value

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Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from Germany to India for sending amount 500. Today’s Transferwise exchange rate for sending money from EUR to USD is 1.2054 with a € 3.02 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 1.19. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Transferwise partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Transferwise click here
Pay-In
Pay-Out
You Pay (Includes Fee € 0) € 500
Receiving Amount
$ 584.7
Realized Exchange Rate
1.17
azimo EUR to USD Exchange Rate
1.1694
1.68% vs Best Value

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Transfer Time :
Azimo is a one of the safest & leading money transfer service provider for sending money from Germany to India for sending amount 500. Today’s Azimo exchange rate for sending money from EUR to USD is 1.1694 with a € 0 fee. Based on the Exchange Rate IQ calculations it offers 1.68% less than the best value for your money transfer. The realized exchange rate after considering the fees is 1.17. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Azimo partner locations. The transfer time usually range between . For more detailed review of Azimo click here

More Available Options

You can check rates of some more providers that may support your country
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying
With Xendpay you get the best deal and make a big difference with every transfer
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
WorldRemit is an online money transfer service that provides international remittance services to expatriates and migrant workers
<p>Trusted by millions for every kind of online global payment, Skrill now makes payments simple, secure and quick in nearly 200 countries and 40 currencies.</p>
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.

EUR to USD - Best Money Transfer Service Review Summary

  • Which is the best option available to send money from Germany to India after comparison?
  • With our real-time comparison on sending money from Germany to India ,
      we have found Transferwise remittance services who are providing competitive exchange rates.
  • Top 1 companies are - ( Transferwise, 1.19 ) .
  • To remit money in the bank account of India, best companies is ( Transferwise, 1.19 ).
  • Current money transfer offeres/promotions are available with Azimo money transfer services.
  • For quick money transfer from Germany to India with agent service is Azimo with exchange rate 1.17.
  • Available pay in when sending money from Germany to India Bank, Creditcard, Debitcard.
  • Available pay out when sending money from Germany to India Bank.
  • Other options to transfer money from Germany to India are Moneygram, Xendpay, Travelex, Worldremit, Skrill, Westernunion .
  • The comparison result was last updated on Mar 01, 2021.
  • For the latest comparison result of Germany to India, Please visit ExchangeRate IQ regularly.

About Germany and India

The number of Indian immigrants in Germany is high, explaining the need for legitimate money transfer services operating in both countries. As we also know, India has been listed as one of the best countries to outsource online freelancing services. There are so many companies in Germany that have outsourced India's skills, and they add on to the group of people with the need to send money from Germany to India. The good news is, there are plenty of options to go with depending on the kind of transfer that you want to make.

Cheap ways to send money from Germany to India

When it comes to finding a cheap way to send money from Germany to India, it is good first to understand that people have different preferences. Typically, there are three main ways of completing your EUR to INR today, thanks to technology's impact in this industry. Banks, online transfer services, and cash delivery can all be a cheap way to send money abroad, and this is how;

Online money transfer; This is perhaps the cheapest option that you will come across in terms of service cost. It is, however, good to know that there are also expensive online money transfer services. If you are looking for the fastest way to send money from Germany to India, for example, most online transfer services will be slightly expensive but relatively cheaper compared to other available transfer methods. Some of the top online money transfer services you can use to transfer money to India from Germany include;WorldRemit, Ria, CurrencyFare, Remity, XE Money, and Azimo.

Bank deposits/transfer; Banks is one of the longest existing financial institutions trusted to safely transfer money within the EUR and INR exchange corridor. Although their services can be costly, banks provide a more authentic way to send money, especially buying property. As mentioned, Indian migrants in Germany have so many reasons why they need to send money back home, and buying property is one reason. Banks offer more credibility when it comes to tracking money and storing vital transaction details. The fact that two banks are likely to be involved in the process makes it even safer.

Cash delivery services; Cash delivery services are also not new even though the process has been digitized. For example, with services like Western Union App, you can send money to India for pick up without leaving your house. However, Western Union services were only accessible physically through their designated pick up points in the past. Cash pick up services is one of the fastest ways to send money from Germany to India. However, it would be best if you were prepared to pay a hefty service fee. Other available options that you can consider here include MoneyGram and Travelex.

Factors to consider when sending money from Germany to India

As we already understand that there are different reasons why you can transfer money from Germany to India, there are some fundamental factors that will determine the outcome of your transfer, and they include;

Cost of transfer; This is the primary determiner of the kind of transfer you will use to send your money. Everyone is comfortable with a service that they can afford, but you need to understand what you are getting into. It is good to know that you can send money to India without spending anything on the service. However, your transfer will take a couple of days to be processed.

Exchange rate; If you don’t do our best to find the highest exchange rates available, you will still end up spending more money on your transfer. Comparing the exchange rates as provided by several money transfer services can mean a lot of work. At Exchange Rate IQ, we avail of all this information as we present our analyzed comparison. To be on the safe side, you may need basic exchange rate knowledge by reading a little about it online.

Access by the receiver; there is no point in sending money to India if the person expected to receive it does not have the proper service or collecting the cash. Therefore, it is essential to make sure that you only use a service that is available in both countries. Additionally, make sure that you make it more convenient for the receiver by using a service that is much easier to access, whether online or physically.

Best Money Transfer Rate EUR to USD

Company Name Live Exchange Rate
XE Money Transfer $ 1.21
Transferwise $ 1.21
Azimo $ 1.17
USD

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