How to send money from Germany to India

Germany hosts the third-largest Indian population in all of Europe. Over 200,000 Indians hold a regular residence permit. Another 43,000 are studying in German universities. The country’s favourable immigration laws made it possible for many Indian nationals to come for work and study and stay. Indians are hard workers and among the top earners in Germany, enabling them to sustain a high quality of life while supporting their loved ones back home.

In today’s article, we will explore different money transfer options and find the best way to transfer money from Germany to India. Let’s compare the most popular alternatives and look at currency exchange rates, as they are one of the most crucial factors affecting the overall cost of transferring money to India. Stay tuned to find a perfect solution for sending funds as an Indian in Germany.

How to transfer money from Germany to India. Bank transfers

As reliable and secure as bank remittances are, there are a lot of disadvantages to this method. Fees often make this option inconvenient, which especially applies to international transfers. It includes regular fees and hidden commissions for both you and your recipient. It may also not be the best way to send money from Germany to India due to the unfavourable exchange rates traditional banks often provide. Besides, bank account opening accompanied by extensive paperwork and long processing times may lead to frustration.

Cash pickup

Cash pickup services could be your go-to if you’re wondering how to send money to India from Germany to someone who doesn’t have a bank account. A vast network of providers worldwide allows clients to remit anywhere with the money available in cash pretty much the same day. However, one big downside of this method, just like with bank transfers, is high fees and unfavourable exchange rates. And you should stay aware of scams and double-check the providers you’re going for.

Transferring money to India via crypto

If you keep up with modern technology and are willing to make transactions with less security, you could use crypto to send money from Germany to India. However, it also requires your recipient to be tech-savvy, which may limit the circle of recipients. A significant advantage of crypto transfers is better exchange rates and relatively low commissions regardless of destination.

You can avoid all the cons mentioned above by using a money transfer company. They typically offer lower fees, more transparency, and higher delivery speed. Experiencing the best money transfer from Germany to India means choosing your provider right. That’s why we decided to compare the costs of transferring EUR 100 with the most popular money transfer companies. Learn how to transfer money from Germany to India on the best terms.

Transfer money from Germany to India with Profee

Profee is a licensed European company you can use to remit to over 65 countries around the world. It provides fast and secure transfers at low cost, making it the best way to transfer money from Germany to India. With your first remittance, you can send money from Germany to India with zero commission and at a promo rate. Your following transfers will be processed at a real-time exchange rate with a fixed commission of EUR 1.

The service is super easy to navigate. Use the website or the app to sign up. Creating an account is fast and doesn’t require unnecessary bureaucratic procedures. You can transfer to NRO and domestic accounts in India using various payment methods—bank cards*, Google and Apple Pay, SEPA and SOFORT.

Due to security measures, you can only use cards with CVV/CVC codes, meaning you can't use Sparkasse for transfers. You can transfer from Sparkasse to your other card with a CVV/CVC code to then make a Profee remittance.

So, let’s see what Profee offers clients when transferring money to India.

When you send EUR 100 to India for the first time, a promo rate and no commission apply, with EUR 1 = INR 90.8081 and your recipient getting INR 9,080.81.

How to send money to India from Germany using Remitly

Remitly’s rate for EUR 1 is INR 90.37 as a first transfer offer, meaning your recipient will get only INR 9,037. As you can see, it would be more favourable to send money to India from Germany via Profee.

How to transfer money from Germany to India via Wise

Wise, a renowned UK-based transfer company, charges a commission of EUR 1.65 and offers INR 89.9632 for EUR 1. The whole transfer amount will constitute INR 8,847.88, accordingly. It is the least favourable offer in today’s review. To make the best money transfer from Germany to India, choosing another company may be a good idea.

How to send money to India from Germany via Worldremit

Worldremit is another popular money transfer service many people use for global remittances. If you transfer money from Germany to India with this company, you get INR 89.1774 for EUR 1. Your recipient will get INR 8918.00.

How to send money to India from Germany using XE

And lastly, let’s take a look at XE. The rate it offers is INR 89.4505 for EUR 1. The recipient gets INR 8,945.05, which is a pretty good deal, but not the best.

When answering how to transfer money from Germany to India, it is essential to consider factors such as currency exchange rates and fees to make an informed decision. See what company suits you best by checking out the table below.

The comparison shows that Profee stands out as the cheapest, hence the best way to send money from Germany to India. Remitly comes second in exchange rate favorability, but fees here make a massive difference. While XE has the lowest commission, the company’s exchange rates are far less favourable—they won't make up for the cost gap compared to Profee. Little details matter; that’s why making a comprehensive analysis is vital when you send money to India from Germany.

Read about the cost of living in Germany in 2023.

How to transfer money from Germany to India via Profee step-by-step

Sending money home is a fast and easy way to surprise your loved ones and let them know you miss them. Make the best money transfer from Germany to India using Profee:

• Visit the Profee website or download the app;
• In the online calculator, select India as your destination country, enter the sending amount and currency;
• Complete a fast and easy registration process;
• Choose a payment method and enter the recipient’s bank account number;
• Confirm the payment.

Other benefits of using Profee

The service has a Referral programme where you can earn money by inviting friends to join. You can share your link with as many people as you want and get a reward of 10 EUR for each new referee. Here’s how it works:

• Share your referral link with a friend;
• Wait till they sign up using the link and make their first remittance of 100 EUR or more;
• The reward of 10 EUR will be transferred to your account shortly, along with the referee getting a reward, too;
• Repeat the process unlimitedly and keep earning.

Profee is an EMI-licensed European company providing the highest level of security. It follows EU regulations and gets certified annually according to PCI DSS security standards. Tier4 data centres ensure the resilience and protection of your data and money online.

Profee offers Basic, Plus, and Premium account levels. Each has its perks and sending limits. If you decide to level up your account, you can do it quickly and efficiently while avoiding unnecessary bureaucracy. The service requires only essential information to provide a high standard of security. And, to do that, you don’t even have to leave your house—it’s all done online.

Now you know the best way to transfer money from Germany to India. Profee makes global remittances easy, fast, and cost-effective. Send love and care to your family—send money via Profee. Enjoy favourable rates, low commissions, and absolute security.