Best Ways to Transfer Money from India to Germany

Sending money from India to Germany is very important for students who want to study there. It can be for blocked account, tuition fees, or living expenses. Choosing the right way to send money can save money and stop problems. This guide shows how to do it step by step.

Sending money to Germany is one of the most crucial aspects for Indian students moving abroad for higher studies. Whether it’s transferring funds for your German blocked account, tuition fees, or simply receiving money from home during emergencies, understanding the right way to transfer money can save you time, money, and unnecessary stress.

The cost of studying in Germany across private universities is around 10,000 euros/year to 20,000 euros/year. So, candidates have to make sure to have enough money during their period of studying in Germany. 

There are now many safe and easy ways to send money abroad. This article includes the details on almost everything you need to know about sending money from India to Germany, including how much you can send, taxes, and new online options. 

Knowing these details will help you send money smoothly and focus on your studies in Germany.

Why Do Indian Students Need to Send Money to Germany?

If you want to study in Germany, you need to send money for some important reasons:

• Blocked Account Deposit (needed for visa): €11,904 (2025)
• University Tuition Fees for private or non-free programs
• Monthly Living Expenses in Germany sent by family
• Emergency Funds or gifts from family

It is important to have a trusted, cheap, and easy way to send money so you can meet your visa and living needs.

Also Read: Admission Deadlines for German Universities

Two Ways to Send Money to Germany

You can use banks or online websites to send money to Germany from India. Students and parents send money for visa, tuition fees, and living expenses.

1. Banks in India

Big banks like ICICI, HDFC, Axis, and SBI can send money abroad.

• Benefits of using these Banks:
• It is safe and trusted
• Can send any amount of money you want
• In case of any help, you can consult the bank branch.

Example: ICICI Bank

To send €11,904 (about INR 10,73,500)

• Rate: INR 91.43 per Euro
• Total cost: INR 11,54,530
• TCS: Extra 5% if more than INR 7,00,000 in a year, you can get it back later through ITR

Using banks is safe but it can be slow and cost more, but many students use it for big payments

Also Check: Cost of Living in Germany for Indian Students in 2025

2. Online Remittance Services

These online services are becoming popular because they are cheap, fast, and easy. The three most trusted services are:

a) Wise (TransferWise)

It shows real exchange rates and transparent fees

One can easily pay with UPI, bank transfer, debit card, or credit card

There is no need to have Wise bank account

Example:

Send €11,904, Total cost: approx. INR 10,87,690

Exchange rate: INR 91.34

Fees: INR 1,645

Save: INR 15,000–18,000 compared to ICICI

b) Instarem

Good first-time transfer rates

Easy customer support

Example:

Total cost: INR 10,88,447

Fees: INR 1,600

Rates similar to Wise

c) Remitly

The delivery of amount is very fast

They charges little higher fees but has promo rates for new users

Example:

Total cost: INR 10,92,900 (fees: INR 2,759)

All three services are good, but Wise and Instarem are better for students sending big amounts like blocked account deposits.

What Is TCS and How Does It Impact Your Transfer?

One might encounter the term TCS, while sending money to Germany from India. The TCS stands for Tax Collected at Source. It is not a fee, but a tax deducted when sending large amounts abroad under the Liberalised Remittance Scheme (LRS).

When is TCS Applied?

• If you transfer more than INR 7,00,000 in one financial year

TCS Rates (2025):

Example:

If you are transferring INR 11,00,000:

• TCS = 5% on INR 4,00,000 = INR 20,000 (refundable when you file your ITR)

Many students split the amount — part transferred by parents and part by students — to stay under the INR 7L threshold and reduce TCS.

Also Read: Cheap and Affordable Universities in Germany

Best Blocked Account Provider in Germany

When sending money for your blocked account, choose a provider that is:

• Recognized by German authorities
• Secure and transparent
• Provides support in case of issues

Why Do We Recommend Expatrio?

• Fully online setup
• Works with major remittance services
• Great user experience

Benefits of Expatrio’s Value Package:

• €69 blocked account setup fees refunded
• Free incoming health insurance (worth up to €95)
• Up to €90 cashback on TK Flex health insurance
• Free German bank account for payouts
• Free international student ID card (worth €18)
• Instant local banking with Apple/Google Pay support

Expatrio is one of the few services used and trusted by thousands of Indian students over the years.

Tips to Transfer Money to Germany from India.

There are many precautionary measures, and tips you sould know before sending money to Germany from India. It helps your money reach on time, saves fees, and avoids problems.

• Check and Compare Rates: There are high chances that the exchange rates and service fees can change every day. It is recommended to check Wise, Instarem, or your bank before sending money.
• Avoid Hidden Fees: You might unknowingly paying some extras. Some banks charge extra fees like conversion charges, SWIFT fees, or recipient fees. It is advised to check for that additional charges. 
• Track Your Money: One should always track there sent money till the time you get the success message. It is important to verify the same with beneficiary. 
• Check Beneficiary Details: Make sure the details of your blocked account or university are correct. Wrong details can make the transfer fail.

Using Wise, Instarem, or Remitly is faster, cheaper, and safer than banks. You can save thousands of rupees. Always check TCS rules and pick a blocked account provider with good support.