Sending money from Germany to India is easier than ever, thanks to a wide range of banking channels, online transfer services, and mobile apps. Whether you are an expat, student, professional, or business owner, choosing the right method can help you save on fees, get a better exchange rate, and ensure fast delivery.
This guide explains all the reliable options, fees involved, required documents, transfer time, and best practices to ensure a safe and smooth international money transfer.
Table of Contents
1. Available Methods to Send Money from Germany to India
1.1 Bank-to-Bank Transfers (SEPA → SWIFT)
German banks allow international wire transfers to India using the SWIFT network.
Popular banks: Deutsche Bank, Commerzbank, Sparkasse, Volksbank, N26.
Pros
- High reliability and security
- Direct transfer to Indian bank accounts
Cons
- Higher fees compared to transfer apps
- Longer processing time (2–5 business days)
- Less competitive exchange rates
Typical Costs
- Transfer fee: €5–€20
- Intermediate bank charges may apply
1.2. Online Money Transfer Services
These platforms typically offer the best exchange rates and lower fees compared to banks.
1.2.1 Wise (formerly TransferWise)
- Real mid-market exchange rate
- Low transparent fee
- Fast transfer (usually within 24 hours)
1.2.2 Remitly
- “Economy” and “Express” options
- Good for quick transfers to Indian bank accounts
- Often provides promotional first-time rates
1.2.3 Xoom (a PayPal service)
- Fast transfers (minutes to hours)
- Supports bank deposit, UPI, and sometimes cash pickup
1.2.4 WorldRemit
- Competitive rates
- Supports transfers to bank accounts and mobile wallets
1.2.5 XE (XE Money Transfer)
A trusted global currency transfer provider known for strong exchange rates and low fees.
- No transfer fee for most transactions
- Attractive FX rates, especially for large amounts
- Secure and regulated platform
- Transfer time typically 1–2 days
Best for: medium to large transfers where exchange rate is more important than speed.
1.2.6 Western Union & MoneyGram
- Offers both online and in-person transfers
- Instant cash pickup options available in India
3. Required Information for Sending Money
To transfer money from Germany to India, you generally need:
Sender Requirements
- Valid German ID (Passport / Aufenthaltstitel)
- German residential address
- Payment details (bank account, card, or online wallet)
Recipient Information
- Full name (must match the bank account name)
- Indian bank account number
- IFSC code
- Bank name and branch
- For UPI transfers: UPI ID (e.g., name@bank)
Compliance Requirements
Transfers must comply with:
- German AML regulations
- European KYC laws
- Indian remittance guidelines
4. Transfer Time from Germany to India
| Method | Typical Transfer Time |
|---|---|
| Wise / Remitly | Minutes to 24 hours |
| Xoom | Minutes to hours |
| Western Union | Instant to 1 day |
| XE | 1–2 business days |
| Banks | 2–5 business days |
| MoneyGram | Minutes to hours |
5. Transfer Fees and Exchange Rates
Factors affecting your total cost
- Service provider fee
- Currency exchange markup
- Transfer speed
- Payment method (card, bank transfer, etc.)
Tip: Always compare the final INR amount received, not just the published fee.
6. Daily and Annual Transfer Limits
Typical Limits
- Wise/Remitly/XE: €1,000–€50,000 depending on verification
- Banks: Unlimited (documentation may be required)
- Indian regulations:
- No strict cap on receiving
- Large remittances may require supporting documents
7. Safety and Security Tips
- Use regulated, RBI-approved transfer platforms.
- Avoid unlicensed agents or unofficial money handlers.
- Carefully verify bank account numbers and IFSC.
- Enable 2FA for your online transfer accounts.
- Keep transfer receipts for taxation, compliance, and audits.
8. Best Method Overall (2025 Recommendation)
For most users, Wise, Remitly, XE, and Xoom offer the strongest combination of:
- Competitive FX rates
- Lower fees than traditional banks
- Fast delivery
- Strong security measures
Bank transfers remain suitable for large corporate or one-time high-value payments but may be slower and costlier.
Conclusion
Sending money from Germany to India is simple, fast, and secure thanks to modern digital platforms. By comparing fees, timing, and exchange rates, you can ensure the highest value for every euro you send. Whether it’s for family support, education, business, or regular remittances, online transfer services make the process efficient and hassle-free.