Question 1

What is the best way to send money from Europe to India?

Accepted Answer

Today, Instarem delivers the highest amount — ₹1,10,677 for every €1,000 sent, at a rate of 110.6772 INR per EUR. Compare every provider's true cost (rate plus fee) above before deciding.

Question 2

What is today's EUR to INR exchange rate?

Accepted Answer

The mid-market rate right now is approximately 1 EUR = 111.0950 INR. This is the rate banks use among themselves — providers add a margin on top, which is why the rate you actually get is lower.

Question 3

How much does it cost to send €1,000 to India?

Accepted Answer

Costs vary significantly. The best provider (Instarem) gives you ₹1,10,677 after fees. The worst (Crédit Agricole) only gives you ₹1,05,063. That's a difference of ₹5,614 on a single €1,000 transfer.

Question 4

How long do transfers take?

Accepted Answer

Speed varies by provider and payment method. Instarem typically completes in same day. Cash pickup networks like MoneyGram, Western Union and Xoom are usually fastest (minutes). Bank wires and ACH transfers can take 1–3 business days.

Question 5

Are there taxes on sending money to India?

Accepted Answer

In most cases, sending money internationally is not taxable for the sender. However, large transfers (typically over $10,000 USD or equivalent) may require reporting to financial authorities such as FinCEN in the US or HMRC in the UK. The recipient country may have its own rules. Always check with a tax professional for your situation.

Provider	Fee	Rate	Recipient gets	Speed
1 InstaremBest value	Free	110.68	₹1,10,677	Same day	Send
2 Skrill	Free	110.61	₹1,10,607	Same day	Send
3 State Bank of India	Free	110.60	₹1,10,600	1–2 days	Send
4 Remitly	EUR 0.99	110.43	₹1,10,321	Minutes	Send
5 Wise	EUR 7.17	111.09	₹1,10,298	Within hours	Send
6 BNP Paribas	Free	109.86	₹1,09,860	1–3 days	Send
7 Xoom	Free	109.81	₹1,09,806	Minutes	Send
8 Western Union	EUR 0.89	109.44	₹1,09,347	Minutes	Send
9 ABN AMRO Bank	EUR 14.00	109.08	₹1,07,555	1–3 days	Send
10 Monese	EUR 30.00	110.88	₹1,07,551	1–3 days	Send
11 Rabobank	EUR 16.00	108.58	₹1,06,838	1–3 days	Send
12 OFX	EUR 10.00	107.15	₹1,06,074	1–2 days	Send
13 LaCaixa	EUR 27.00	108.60	₹1,05,670	1–3 days	Send
14 Deutsche Bank	EUR 36.55	109.59	₹1,05,587	1–3 days	Send
15 Crédit Agricole	EUR 43.16	109.80	₹1,05,063	1–3 days	Send

Send Money from Europe to India — Best EUR/INR Rates

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