RateRunnertransfer cost ledger

Corridor EUR → INR · Euro to Indian rupee

What does it cost to send euros to India?

On 16 October 2026, the most a recipient in India got for 1,000 EUR was 106,106.26 INR via Instarem: a true cost of 4.12 EUR (0.41%) including fee and rate markup. The last of 16 quotes cost 9.01%.

Declaration · Form RR-1

Between 10 and 1,000,000. Snapshot bands: 200 / 1,000 / 5,000; other amounts are fetched live.

Quotes are indicative and come from Wise public comparison data, which lists Wise alongside banks and other services. Ranking is always by what the recipient gets.

Transfer cost receipt · EUR → INR

Most to the recipient: Instarem transfer service 2d old

You send
1,000.00 EUR
Upfront fee
0.00 EUR
Amount converted
1,000.00 EUR
Rate given
106.11
Mid-market when quoted
106.54
Exchange-rate markup inside the rate
4.12 EUR 0.41%
True total cost
4.12 EUR 0.41%
Recipient gets
106,106.26 INR

Picking the last quote in this ledger (La Banque Postale) instead would leave the recipient 9,161.59 INR short.

Snapshot indicative quotes retrieved 16 Oct 2026, 17:03 UTC. Quote collected 15 Oct 2026, 03:01 UTC. Source: Wise public comparison data.

Confirm the live quote on instarem.com

Plain link to the provider's official site. No commission.

Every quote for 1,000 EUR → INR

Sorted by what the recipient gets. “True cost” adds the upfront fee to the money lost in the exchange rate versus the mid-market rate at the time each quote was collected.

ProviderUpfront feeRate markupTrue costCost %Recipient getsvs best
1. Instaremservice 2d old 0.00 EUR 0.41% 4.12 EUR 0.41% 106,106.26 INR best
2. State Bank of Indiabank 0.00 EUR 0.42% 4.21 EUR 0.42% 106,096.44 INR −9.82 INR
3. Skrillservice 0.00 EUR 0.48% 4.77 EUR 0.48% 106,036.70 INR −69.56 INR
4. Western Unionservice 1.99 EUR 0.42% 6.20 EUR 0.62% 105,884.91 INR −221.35 INR
5. Wiseservice 6.69 EUR 0.00% 6.69 EUR 0.67% 105,829.23 INR −277.03 INR
6. Xoomservice 0.00 EUR 1.06% 10.55 EUR 1.06% 105,420.91 INR −685.35 INR
7. Remitlyservice 2.99 EUR 0.77% 10.65 EUR 1.06% 105,410.68 INR −695.58 INR
8. ABN AMRO Bankbank 14.00 EUR 0.93% 23.17 EUR 2.32% 104,076.06 INR −2,030.20 INR
9. Monesebank 30.00 EUR 0.34% 33.35 EUR 3.33% 102,992.23 INR −3,114.03 INR
10. Rabobankbank 16.00 EUR 1.80% 33.67 EUR 3.37% 102,957.71 INR −3,148.55 INR
11. OFXservice 10.00 EUR 3.26% 42.28 EUR 4.23% 102,040.28 INR −4,065.98 INR
12. Deutsche Bankbank 36.55 EUR 1.27% 48.80 EUR 4.88% 101,345.81 INR −4,760.45 INR
13. LaCaixabank 27.00 EUR 2.41% 50.49 EUR 5.05% 101,165.25 INR −4,941.01 INR
14. Sparkassebank 50.00 EUR 0.93% 58.88 EUR 5.89% 100,271.38 INR −5,834.88 INR
15. UniCreditbank 40.25 EUR 2.00% 59.46 EUR 5.95% 100,209.94 INR −5,896.32 INR
16. La Banque Postalebank 1d old 37.90 EUR 5.43% 90.11 EUR 9.01% 96,944.67 INR −9,161.59 INR
Set aside, not ranked (3): see methodology
BBVAcollected 70 h before retrieval6.00 EUR−0.45%——106,381.77 INR—
WorldRemitcollected 71 h before retrieval1.99 EUR0.47%——105,830.69 INR—
BNP Paribascollected 167 h before retrieval0.00 EUR1.68%——104,757.58 INR—

Does the cheapest option change with the amount?

Best and worst true cost by amount, EUR → INR. Retrieved 16 Oct 2026, 17:03 UTC.
You sendMost to recipientBest costWorst costRecipient gets (best)Gap best vs worstQuotes
200 EUR Instarem 0.41% 23.35% 21,221.25 INR 4,887.47 INR 16
1,000 EUR Instarem 0.41% 9.01% 106,106.26 INR 9,161.59 INR 16
5,000 EUR Instarem 0.41% 6.14% 530,531.30 INR 30,532.18 INR 15

What the EUR → INR numbers show

  • Instarem delivered the most at every snapshot amount (200.00 EUR, 1,000.00 EUR, 5,000.00 EUR).
  • At 200.00 EUR, true cost ranged from 0.41% (Instarem) to 23.35% (La Banque Postale); the recipient would get 4,887.47 INR less with the last quote than with the first.
  • Banks listed for this corridor averaged 4.47% in true cost at 1,000.00 EUR, against 1.22% for non-bank transfer services; on average 42% of the banks' cost sat inside the exchange rate rather than in a stated fee.
  • 1 of 16 quotes at 1,000.00 EUR charged no upfront fee but priced in a rate markup above 0.5%, so “no fee” did not mean free.
True cost as a share of 1,000 EUR, EUR → INR, by provider (lower is better). Retrieved 16 Oct 2026, 17:03 UTC. Instarem 0.41% State Bank of India 0.42% Skrill 0.48% Western Union 0.62% Wise 0.67% Xoom 1.06% Remitly 1.06% ABN AMRO Bank 2.32% Monese 3.33% Rabobank 3.37% OFX 4.23% Deutsche Bank 4.88% LaCaixa 5.05% Sparkasse 5.89% UniCredit 5.95% La Banque Postale 9.01% grey = upfront fee · red = exchange-rate markup · share of 1,000 EUR
True cost as a share of 1,000 EUR, EUR → INR, by provider (lower is better). Retrieved 16 Oct 2026, 17:03 UTC.

How does the quoted mid-market rate compare with the ECB reference?

The European Central Bank reference rate for EUR/INR on 16 October 2026 was 106.86. The mid-market rate implied by the top quote at its collection time was 106.54, a difference of −0.30%. ECB rates are published once per working day around 16:00 CET, so they drift from live market rates during the day; RateRunner uses them only as a cross-check, never to rank providers.

Every quote for 200 EUR → INR

Retrieved 16 Oct 2026, 17:03 UTC. Sorted by what the recipient gets.
ProviderUpfront feeRate markupTrue costCost %Recipient getsvs best
1. Instaremservice 2d old 0.00 EUR 0.41% 0.82 EUR 0.41% 21,221.25 INR best
2. State Bank of Indiabank 0.00 EUR 0.42% 0.84 EUR 0.42% 21,219.29 INR −1.96 INR
3. Skrillservice 0.00 EUR 0.48% 0.95 EUR 0.48% 21,207.34 INR −13.91 INR
4. Wiseservice 2.16 EUR 0.00% 2.16 EUR 1.08% 21,078.27 INR −142.98 INR
5. Western Unionservice 1.99 EUR 0.53% 3.04 EUR 1.52% 20,984.83 INR −236.42 INR
6. Xoomservice 1.99 EUR 1.06% 4.08 EUR 2.04% 20,874.39 INR −346.86 INR
7. Remitlyservice 2.99 EUR 0.77% 4.50 EUR 2.25% 20,829.24 INR −392.01 INR
8. Monesebank 6.00 EUR 0.34% 6.67 EUR 3.33% 20,598.45 INR −622.80 INR
9. ABN AMRO Bankbank 14.00 EUR 0.93% 15.73 EUR 7.87% 19,633.01 INR −1,588.24 INR
10. OFXservice 10.00 EUR 3.26% 16.20 EUR 8.10% 19,583.49 INR −1,637.76 INR
11. Rabobankbank 16.00 EUR 1.80% 19.30 EUR 9.65% 19,252.25 INR −1,969.00 INR
12. LaCaixabank 27.00 EUR 2.41% 31.18 EUR 15.59% 17,987.24 INR −3,234.01 INR
13. Deutsche Bankbank 36.55 EUR 1.27% 38.63 EUR 19.31% 17,193.39 INR −4,027.86 INR
14. UniCreditbank 40.25 EUR 2.00% 43.45 EUR 21.72% 16,679.90 INR −4,541.35 INR
15. Sparkassebank 42.50 EUR 0.93% 43.97 EUR 21.99% 16,623.94 INR −4,597.31 INR
16. La Banque Postalebank 1d old 37.90 EUR 5.43% 46.70 EUR 23.35% 16,333.78 INR −4,887.47 INR
Set aside, not ranked (3): see methodology
WorldRemitcollected 71 h before retrieval1.99 EUR0.47%——20,997.32 INR—
BNP Paribascollected 167 h before retrieval0.00 EUR1.68%——20,951.52 INR—
BBVAcollected 70 h before retrieval6.00 EUR−0.45%——20,762.64 INR—

Every quote for 5,000 EUR → INR

Retrieved 16 Oct 2026, 17:03 UTC. Sorted by what the recipient gets.
ProviderUpfront feeRate markupTrue costCost %Recipient getsvs best
1. Instaremservice 2d old 0.00 EUR 0.41% 20.59 EUR 0.41% 530,531.30 INR best
2. State Bank of Indiabank 0.00 EUR 0.42% 21.05 EUR 0.42% 530,482.19 INR −49.11 INR
3. Western Unionservice 1.99 EUR 0.42% 23.05 EUR 0.46% 530,269.09 INR −262.21 INR
4. Skrillservice 0.00 EUR 0.48% 23.85 EUR 0.48% 530,183.48 INR −347.82 INR
5. Wiseservice 29.37 EUR 0.00% 29.37 EUR 0.59% 529,580.86 INR −950.44 INR
6. Remitlyservice 2.99 EUR 0.77% 41.36 EUR 0.83% 528,317.87 INR −2,213.43 INR
7. Xoomservice 0.00 EUR 0.96% 47.80 EUR 0.96% 527,632.01 INR −2,899.29 INR
8. ABN AMRO Bankbank 14.00 EUR 0.93% 60.38 EUR 1.21% 526,291.29 INR −4,240.01 INR
9. Deutsche Bankbank 36.55 EUR 1.27% 99.65 EUR 1.99% 522,107.90 INR −8,423.40 INR
10. Rabobankbank 16.00 EUR 1.80% 105.50 EUR 2.11% 521,484.97 INR −9,046.33 INR
11. OFXservice 0.00 EUR 2.44% 122.16 EUR 2.44% 519,709.70 INR −10,821.60 INR
12. UniCreditbank 40.25 EUR 2.00% 139.52 EUR 2.79% 517,860.11 INR −12,671.19 INR
13. LaCaixabank 35.00 EUR 2.41% 154.88 EUR 3.10% 516,223.52 INR −14,307.78 INR
14. Monesebank 150.00 EUR 0.34% 166.73 EUR 3.33% 514,961.16 INR −15,570.14 INR
15. La Banque Postalebank 1d old 37.90 EUR 5.43% 307.16 EUR 6.14% 499,999.12 INR −30,532.18 INR
Set aside, not ranked (3): see methodology
BBVAcollected 70 h before retrieval6.00 EUR−0.45%——534,477.43 INR—
WorldRemitcollected 71 h before retrieval1.99 EUR0.47%——529,997.56 INR—
BNP Paribascollected 167 h before retrieval0.00 EUR1.68%——523,787.91 INR—

What to check before paying out in India

Deposits to Indian bank accounts need the account number and the branch IFSC code; inbound transfers are commonly credited over IMPS or NEFT. Non-resident Indians should check whether the receiving account is NRE or NRO, because the rules on repatriation and tax differ. Source: Reserve Bank of India: NEFT FAQs.

Read next

Questions people ask

Which provider gave the most for 1,000 EUR sent to India?
Instarem, with 106,106.26 INR delivered, in the snapshot retrieved 16 Oct 2026, 17:03 UTC. Its upfront fee was 0.00 EUR and its rate markup 0.41%.
How much of the cost of sending EUR to INR is hidden in the exchange rate?
For the 16 quotes on 1,000 EUR, rate markups ranged from 0.00% to 5.43% of the amount converted. 1 quote charged no upfront fee but still had a markup above 0.5%.
How current are these EUR to INR quotes?
RateRunner retrieved them on 16 Oct 2026, 17:03 UTC. Each provider quote also carries its own collection time, shown in the tables, and quotes older than 24 hours are flagged. They are indicative; the price you are offered at checkout can differ.

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Sources