Transfer Money to India | The Complete Free Guide

Many of my friends always use to ask about How I transfer Money to India from Germany? and what are the existing ways by which I can transfer money to India and which all are the cheapest way to transfer money to India.

So I thought of covering this point in our my new post of Life in Germany. If you are looking for a comparison of all the existing secure method of transferring money to India than you have landed to the right place.

Below is what we are going to cover in this post –

• What are the cheapest way to send the Money to India?
• How to transfer Money from Germany to India?
• Sending Money to India without any Issue.
• What all applications we can use to transfer money to India
• Comparison of all the application available to transfer Money to India

Why do you actually need an application to transfer money?

Now this question will always be in your mind when you are thinking about transferring money to India from Germany

Why can’t I use my bank account to transfer the money?

The answer is quiet simple?

They will charge you so much cost in doing that, that ultimately you will get comparatively less amount in your Indian bank account.

That is the reason why even I have been using the application to send money to India and most of the time I try new application so as to get the free transfer limit to India and that is just something you get as a benefit for the first time user of the application.

Good thing about these application is that you get the money in just a day or max 2-3 working days which makes it even interesting to use.

What all application I can use to transfer money to India?

Well there are handful of them in the market and I’ll be going through with the couple of them which I have tried and will make sure to share the current rate of them so as you can understand about how much they actually charge you for sending money to India from Germany or any part of the world.

Wise or Transferwise

Wise or Transferwise is one of the trustworthy name in the market for sending money to India from any part of the world and this is something which I use a lot personally for sending money to India.

Wise is also one of the fastest way of sending money to India because they do offer quick transfer mode as well but in this case the charge more fees. Normally whatever amount you are sending that gets credited to your Indian bank account in 1 business day. We have also written one in-depth post about Wise Review you can read.

If you want to send money by Wise below is the cost breakage for that for 03.04.2021 for sending 1000 Euro to India. I have selected the Low Cost Transfer because this is the cheapest way to send money to India.

Below is the fees in Euro charges by Wise for sending 1000 Euro to India from Germany.

	Fast Transfer	Low Cost Transfer	Easy Transfer
Wise	9.64	5.58	6.78

Rewire

Another interesting application to transfer money to India from Germany or any other part of the world. I used this application as well and I was really surprised when I got the money in my Indian bank account in just an hour that was lightening fast for me.

If you are looking forward to try this application then if you will use my link to signup you will get 3 Free Money Transfer to India from Germany.

Now let us talk business, below is the sample for sending 1000 Euro to India on 03.04.2021 using Rewire.

So normally rewire gives less rate for the transfer but since there fees is comparatively less ultimately you get more money in your bank account.

Skrill

Now, I am really not sure why people don’t talk about Skrill when someone ask for How to Transfer Money to India from Germany. Because I found this application really awesome with perfect rate of transfer and above all it is free.

Yes you heard it right, Transferring money to India using Skrill is free but just so that you are aware of it, Normally it takes around 2-3 working days for you to receive the money in your Indian bank account.

So if you want to transfer 1000 Euros from Germany to India then below is the amount you will get in the Indian bank account and you pay Zero Fees while using Skrill.

Remitly

Another nice application for sending money to India from Germany is Remittly and if you are the first time user for this application then you will get 1 time free usage of sending money to India.

Now when you are using this application for the first time they offer a really sick rate of transfer and the fees charged by them is Zero for the first transfer.

So let us suppose I am a new user and I want to transfer 1000 Euro to India then below is what I will get in the Indian bank account.

But the above rate is only for the first time user, If you are a normal user for this application then you will get something like below in your bank account

App Name	Transfer Amount	Rate	Fees	Amount Received
Remittly	1000	85.62	1.99	85449.62

Currency Affair

Let us talk about Currency Affair a really interesting application which offers you around 10 free transaction to transfer money to India from Germany.

And the rate of transfer is absolutely at par with all the options which I shared above so you have to try that out if you want.

One awesome thing about this is that if you are going to use my signup code for joining to Currency Affair and if you choose to send money via the application then you will get extra 50 Euro in your bank account.

ICICI Bank Money2India

Now if you are fan of brands then you would really want to check about the new way of sending money to India from Europe/Germany ICICI bank options Money 2 India.

The signup process for this is pretty simple and you will get the really comparable rate for transfer.

When you using this application then it charges you 3 Euro Fees for Sending Money so the amount which you will get in Indian bank account is highlighted below.

Xe Money transfer

This was something new which came out in the research while writing this post and the rate of interest offered by them was also really good so this had to be added in our list of application or website to use to transfer money to India from Germany.

Below is the example for the transaction of 1000 Euro to be sent to India using this application. If you need to know more about the product then check our seperate guide XE Money Transfer Review.

Transfer Go

If you are choosing to send money using Transfer Go then signing up to this website would hardly take a minute for you.

Below is the sample snapshot for sending 1000 Euro to India using transfer Go application so normally they charge you around 2.99 Euro or even free option as well.

Azimo

Another application which you can use to transfer money to India is Azimo. They offer you 1 transaction free of charge if you are using this application for the first time.

Below is the sample snapshot for sending 1000 euro to India from this application.

Instarem

Instarem is another good website which offers free options to send money to India similar to what Skrill does. Also the fee charged by them is zero in such case however the rate offered by them is marginally low so in the end you get almost similar amount to the other method.

Below is the example for sending 1000 Euro to India from Germany using Instarem

If you choose to try this application you can use my referral code to try that Ss3zQu so as to get extra Instapoints while signing up. If you want to know more about the InstaPoints you can read here

World Remit

I really liked the UI interface of this website and the signup process was lightening fast. The interesting thing about this is that if you are joining via your friends link then you end up getting 25 Euro extra in your bank account.

So who doesn’t love free money?

The most interesting part of this website was the lightening fast speed for the transfer. They charge around 1.99 Euro and the transfer happen within minutes.

Below is the example for sending 1000 Euro to India from Germany using World Remit.

Paysend

If you are choosing Paysend as your application for sending money to India from Germany then one thing to note is that with normal plan you get the limit of 1000 Euro to be sent every month. In this case you don’t have to share your personal documents with them.

If you choose to upgrade then you have to submit the personal documents and once the Paysend teams verified it then after that you can send money for higher limits.

Western Union

Let us talk about western Union a much known name to the wider audience for transferring money worldwide.

If you choose to send money to India using Wester Union then below is the rate and amount you will get into your Indian Bank account.

Which application/website you should Choose for Transfer Money to India?

The above mentioned list is all the known options available for sending money to India. But you have to decide which one to choose bases on the below criteria

Which application/Website is the best to Transfer Money to India?

Now as you have seen the comparison of the rate offered by these website and the amount received in your Indian bank account. Now to sum it up all below details will give you the right idea about which website you should use and which one is the cheapest website to transfer money to India from Germany or any other part of the world.

Now the below selection which I have made is basically on the amount you receive in the Indian Bank Account.

App Name	Amount Received in Indian Bank Account
Rewire	₹ 85,941.00
Skrill	₹ 85,867.00
Wise	₹ 85,830.18
Currency Affair	₹ 85,763.50
ICICI Bank Money2India	₹ 85,672.21
WorldRemit	₹ 85,548.18
Insarem	₹ 85,521.30
Paysend	₹ 85,463.94
Remittly	₹ 85,449.62
Azimo	₹ 85,152.39
Xe	₹ 85,013.00
Western Union	₹ 83,823.90

This was all about the Best options available to transfer money to India from Germany. If you are looking for Moving to Germany then you should read our post about that.

Here are the reasons for not moving to Germany we have also written some post about ways to buy Indian Groceries online in Germany and Fresh Indian vegetables online in Germany worth to check.

Drop you response about using any of the applications mentioned above.

See you in the next post.