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Send money from Spain to India(EUR → INR)
EUR
INR|Updated recentlyMid-market 111.7447Cheapest todayof 21 providers
TapTap Send
Rate 112.2475 · Fee free
You send
€1,000
Recipient gets
₹112,248
₹1,400 more than the most expensive provider
Affiliate link · No extra cost to you
Quick answer: The cheapest way to send money from Spain to India in May 2026 is TapTap Send, which delivers 112,247.5 INR on a 1,000 EUR transfer with a fee of zero. According to SendMoneyCompare's comparison of 21 providers updated every 6 hours, the difference between the cheapest and most expensive provider on this corridor is 1,397 INR.
Last reviewed: by Awais Imran, Reviews Editor
↑
Rates are great right now
100th percentile
Based on 61 days of data (2026-03-13 to 2026-05-21)
Today's best
₹11,529.68
Ria Money Transfer
61-day avg
1 EUR = 109.36 INR
Best rate
111.63
2026-05-21 · Ria Money Transfer
Worst rate
105.00
2026-03-15 · InstaReM
What is the cheapest way to send EUR to INR?
Sending €1,000 from Spain to India. Sorted by best value — most money received.
Source: SendMoneyCompare · Data updated every 6 hours from live provider APIs
#ProviderRateFeeRecipient gets
Rate 112.2475·Fee Free
Best rate 23 of 61 days
↑ 3.5% over 55dAvg: 109.66 INR (+2.4% vs avg)Range: 106.70–112.25
1
TapTap SendBest value
Under 3 minutes (95% of transfers)
Best rate 23 of 61 days
↑ 3.5% over 55dAvg: 109.66 INR (+2.4% vs avg)Range: 106.70–112.25
112.2475
Free
₹112,247.50
Rate 112.3592·Fee €1.99
Rate 111.6329·Fee €2.90·0.10% markup
↑ 4.0% over 55dAvg: 107.87 INR (+3.5% vs avg)Range: 107.29–111.63
3
Minutes to 2 days0.10% markup
↑ 4.0% over 55dAvg: 107.87 INR (+3.5% vs avg)Range: 107.29–111.63
111.6329
€2.90
₹111,309.17
Rate 111.1748·Fee Free·0.51% markup
↑ 3.7% over 55dAvg: 107.56 INR (+3.1% vs avg)Range: 106.95–111.61
4
111.1748
Free
₹111,174.75
Rate 111.8676·Fee €6.67
↑ 5.9% over 61dAvg: 109.54 INR (+2.1% vs avg)Range: 105.67–112.34
Rate 111.4318·Fee €3.00·0.28% markup
↑ 3.3% over 55dAvg: 108.16 INR (+2.8% vs avg)Range: 107.63–111.82
6
111.4318
€3.00
₹111,097.47
Rate 111.0630·Fee Free·0.61% markup
↑ 5.8% over 61dAvg: 108.99 INR (+1.9% vs avg)Range: 104.94–111.72
7
Instant to 3 business days0.61% markup
↑ 5.8% over 61dAvg: 108.99 INR (+1.9% vs avg)Range: 104.94–111.72
111.0630
Free
₹111,063.01
Rate 111.2306·Fee €2.99·0.46% markup
↑ 3.4% over 55dAvg: 108.04 INR (+2.9% vs avg)Range: 107.47–112.02
8
111.2306
€2.99
₹110,898.05
Rate 110.8842·Fee Free·0.77% markup
Rate up 6.3%
↑ 6.3% over 61dAvg: 97.41 INR (+13.8% vs avg)Range: 92.36–110.88
9
Minutes to 3 days0.77% markup
Rate up 6.3%
↑ 6.3% over 61dAvg: 97.41 INR (+13.8% vs avg)Range: 92.36–110.88
110.8842
Free
₹110,884.22
Rate 110.9401·Fee €1.08·0.72% markup
↑ 3.1% over 55dAvg: 108.04 INR (+2.6% vs avg)Range: 107.53–111.51
10
110.9401
€1.08
₹110,820.27
Rate 110.7613·Fee Free·0.88% markup
↑ 5.4% over 61dAvg: 108.44 INR (+2.1% vs avg)Range: 105.00–111.49
11
1-3 business days0.88% markup
↑ 5.4% over 61dAvg: 108.44 INR (+2.1% vs avg)Range: 105.00–111.49
110.7613
Free
₹110,761.30
Rate 110.9513·Fee €1.99·0.71% markup
↑ 4.8% over 55dAvg: 106.67 INR (+4.0% vs avg)Range: 105.91–111.56
12
Minutes to 3 days0.71% markup
↑ 4.8% over 55dAvg: 106.67 INR (+4.0% vs avg)Range: 105.91–111.56
110.9513
€1.99
₹110,730.47
Rate 110.9289·Fee €2.99·0.73% markup
↑ 5.5% over 61dAvg: 108.83 INR (+1.7% vs avg)Range: 104.84–111.48
13
Minutes to 3-5 days0.73% markup
↑ 5.5% over 61dAvg: 108.83 INR (+1.7% vs avg)Range: 104.84–111.48
110.9289
€2.99
₹110,597.24
Rate 111.7335·Fee €13.20·0.01% markup
↑ 2.9% over 55dAvg: 108.96 INR (+2.5% vs avg)Range: 108.46–112.35
14
111.7335
€13.20
₹110,258.60
Rate 110.8842·Fee €6.99·0.77% markup
↑ 3.9% over 55dAvg: 107.27 INR (+3.3% vs avg)Range: 106.60–111.76
15
110.8842
€6.99
₹110,109.14
Rate 111.5100·Fee €20.00·0.21% markup
↑ 5.9% over 61dAvg: 109.10 INR (+2.2% vs avg)Range: 105.25–111.90
16
1-3 business days0.21% markup
↑ 5.9% over 61dAvg: 109.10 INR (+2.2% vs avg)Range: 105.25–111.90
111.5100
€20.00
₹109,279.79
Rate 109.5768·Fee €5.99·1.94% markup
1.9% markup
↓ 0.3% over 8dAvg: 109.69 INR (-0.2% vs avg)Range: 109.32–110.34
17
0-1 days1.94% markup
1.9% markup
↓ 0.3% over 8dAvg: 109.69 INR (-0.2% vs avg)Range: 109.32–110.34
109.5768
€5.99
₹108,920.44
Rate 108.9175·Fee €17.21·2.53% markup
Rate 107.9677·Fee €10.00·3.38% markup
Rate 110.2696·Fee €36.55·1.32% markup
↑ 6.1% over 61dAvg: 107.97 INR (+2.1% vs avg)Range: 103.92–110.87
20
2-4 business days1.32% markup
↑ 6.1% over 61dAvg: 107.97 INR (+2.1% vs avg)Range: 103.92–110.87
110.2696
€36.55
₹106,239.27
Rate 110.8507·Fee Free·0.80% markup
Potential savings: Choosing the best provider over the most expensive saves your recipient ₹1,396.81 on a €1,000 transfer.
Some links on this page are affiliate links. We may earn a commission at no extra cost to you. This does not affect our rankings, which are based on real transfer data. Editorial policy
Sending money from Spain to India? Compare real-time exchange rates and fees across leading money transfer services. Find the provider that gives you the best INR amount today.
Money transfers from Spain to India are a vital lifeline for families and businesses. With dozens of providers competing for this corridor, rates and fees vary widely. Specialist money transfer companies often beat bank rates by 2–4%, potentially saving you hundreds of EUR per year. Use our comparison to find today's best deal.
Which provider offers the best EUR to INR rate?
TapTap Send
4.7Exchange rate
112.2475
Fee
Free
Recipient gets
₹112,247.50
Speed
Under 3 minutes (95% of transfers)
Which provider is best for each transfer type?
Different providers excel at different things. Here's who's best for each use case on the Spain to India route.
Cheapest transfer
TapTap Send
Delivers the most INR for your money
Fastest transfer
TapTap Send
Delivers in Under 3 minutes (95% of transfers)
Cash pickup
Ria Money Transfer
Widest cash pickup network
Bank transfer
TapTap Send
Best rate for bank deposit to India
How to send money to India
Sending money to India is straightforward with the right provider. Here's how it works in 3 simple steps.
Step 1
Enter your transfer details
Choose how much EUR you want to send, compare providers above, and pick the one offering the best INR amount for your transfer to India.
Step 2
Add your recipient
Enter your recipient's details in India — you'll need their bank account number. Most providers verify details instantly.
Step 3
Send & track your transfer
Pay using bank transfer, debit card, or credit card. Track your money in real-time until it arrives — bank deposit (imps) typically takes minutes.
What you need to send money to India
Make sure you have these details from your recipient before starting your transfer.
Full name
Recipient's name exactly as it appears on their bank account
Bank account number
Indian bank account number (9–18 digits depending on the bank)
Example: 50100002345678
IFSC code
11-character Indian Financial System Code identifying the specific bank branch
Example: HDFC0001234
Bank name & branch
Name of the bank and branch (e.g. HDFC Bank, Andheri West Branch)
Note: India does not use the IBAN system. Instead, you need the recipient's bank account number and IFSC code. The IFSC code uniquely identifies each bank branch and is printed on cheque books or available on the bank's website.
Transfer examples: EUR to INR
See how much your recipient would get for common transfer amounts.
Send €500
ProviderFeeReceives
TapTap Send
112.25 · Under 3 minutes (95% of transfers)
LemFi
112.36 · Minutes to 1 business day
Wise
111.87 · 3 min
Ria Money Transfer
111.63 · Minutes to 2 days
Profee
111.73 · Instant
Revolut
111.24 · 0-1 days
ProviderFeeRateReceivesSpeed
TapTap SendFree112.25₹56,124Under 3 minutes (95% of transfers)
LemFi€1.99112.36₹55,956Minutes to 1 business day
Wise€1.57111.87₹55,7583 min
Ria Money Transfer€0.90111.63₹55,716Minutes to 2 days
Profee€2.40111.73₹55,599Instant
Revolut€0.30111.24₹55,5880-1 days
Send €1,000
ProviderFeeReceives
TapTap Send
112.25 · Under 3 minutes (95% of transfers)
LemFi
112.36 · Minutes to 1 business day
Ria Money Transfer
111.63 · Minutes to 2 days
Paysend
111.17 · 2 days
Wise
111.87 · 3 min
Revolut
111.43 · 0-1 days
ProviderFeeRateReceivesSpeed
TapTap SendFree112.25₹112,248Under 3 minutes (95% of transfers)
LemFi€1.99112.36₹112,136Minutes to 1 business day
Ria Money Transfer€2.90111.63₹111,309Minutes to 2 days
PaysendFree111.17₹111,1752 days
Wise€6.67111.87₹111,1213 min
Revolut€3.00111.43₹111,0970-1 days
Send €5,000
ProviderFeeReceives
LemFi
112.36 · Minutes to 1 business day
TapTap Send
112.25 · Under 3 minutes (95% of transfers)
Wise
111.87 · 3 min
Profee
111.73 · Instant
Ria Money Transfer
111.63 · Minutes to 2 days
Monese
111.51 · 1-3 business days
ProviderFeeRateReceivesSpeed
LemFi€1.99112.36₹561,573Minutes to 1 business day
TapTap SendFree112.25₹561,238Under 3 minutes (95% of transfers)
Wise€1.57111.87₹559,1623 min
Profee€2.40111.73₹558,399Instant
Ria Money Transfer€0.90111.63₹558,064Minutes to 2 days
Monese€3.00111.51₹557,2151-3 business days
How much does it cost to send money from Spain to India?
Transfer fees from Spain to India vary by provider. Specialist services charge €0–10 per transfer, while banks charge €25–50 plus a 2–5% exchange rate markup. The exchange rate markup is usually the bigger cost — always compare the total INR your recipient receives, not just the advertised fee.
Understanding the total cost
The true cost of a money transfer has two components:
Transfer fee
The upfront charge — typically €0–€10 with specialist providers.
Exchange rate markup
The hidden cost — the difference between the provider's rate and the mid-market rate (111.7447).
Ways to send money to India
Choose how you want to pay for your transfer. Each payment method has different costs and speeds.
IMPS is the preferred delivery method for speed and convenience — it works 24/7 and reaches virtually every bank account in India. For recipients in rural areas, cash pickup through Western Union or MoneyGram agent networks remains important.
Debit Card
Medium costSpeed: Minutes to hours
Fast and convenient — small card processing fee applies
Bank Transfer
Low costSpeed: 1–3 business days
Usually the cheapest option — lowest fees and no card processing charges
Google Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
Apple Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
Credit Card
Higher costSpeed: Minutes to hours
Fastest option but highest fees — card issuer may charge cash advance fee
Cash
Medium costSpeed: Varies
Pay cash at an agent location — available at select providers
How can my recipient receive money in India?
Your recipient in India can receive money through these delivery methods. The best option depends on their location and preferences.
Bank Deposit (IMPS)
Minutes
Instant transfer via India's IMPS system to any bank account. Available 24/7 including weekends and holidays.
WiseRemitlyWorldRemitInstaReM+1 more
Bank Deposit (NEFT)
2–4 hours
Transfer via NEFT during banking hours. Settles in batches throughout the day.
WiseRemitlyOFX
UPI Transfer
Minutes
Direct transfer to UPI-linked bank accounts. Growing in popularity for remittances.
RemitlyGoogle Pay
Cash Pickup
Minutes
Recipient collects cash from agent locations across India — available through banking correspondents and retail partners.
Western UnionMoneyGramRia Money TransferXoom (PayPal)
Mobile Wallet
Minutes
Transfer to Paytm or other digital wallets. Useful when the recipient prefers digital payment over bank deposit.
WorldRemit
What are the transfer limits and regulations for India?
Important rules and requirements to know before sending money to India.
Regulatory body
Reserve Bank of India (RBI)
Inbound transfer limits
No cap on inbound remittances under RBI's Liberalised Remittance Scheme (LRS) — LRS limits only apply to outbound transfers from India
Documentation you may need
- Government-issued photo ID (passport, driver's license, or state ID)
- Social Security Number or equivalent tax ID (for US/UK/Canadian senders)
- Proof of address for first-time transfers with most providers
Important things to know
- India's Tax Collected at Source (TCS) applies only to outbound remittances from India, not to money received from abroad.
- Amounts over $10,000 (or equivalent) must be reported under sending country regulations (e.g. US Bank Secrecy Act).
- Recipient must have a PAN card (Permanent Account Number) for amounts exceeding INR 50,000 credited to their bank account in some cases.
- NRI (Non-Resident Indian) accounts like NRE and NRO have different rules — check with the recipient's bank if they hold an NRI account.
How long does it take to send money to India?
Most transfers from Spain to India arrive within 1–2 business days with specialist providers. Bank wires take 3–5 business days. Some providers offer instant or same-day delivery to India for a small premium.
FastExpress delivery
- TapTap SendUnder 3 minutes (95% of transfers)
- LemFiMinutes to 1 business day
- Ria Money TransferMinutes to 2 days
- SkrillInstant to 3 business days
- Western UnionInstant
Standard delivery
- Paysend2 days
- Wise3 min
- Revolut0-1 days
- CurrencyFair0-6 days
- InstaReM1-3 business days
Popular banks in India
These are the most commonly used banks for receiving international transfers in India.
BankSWIFT/BICNotes
State Bank of India (SBI)
SBININBBXXX
HDFC Bank
HABORINBXXX
ICICI Bank
ABORINBBXXX
Axis Bank
AXISINBBXXX
Punjab National Bank (PNB)
PUNBINBBXXX
Kotak Mahindra Bank
ABORINBKXXX
Bank of Baroda
BARBINBBXXX
Canara Bank
ABORINBBXXX
EUR to INR Exchange Rate History
Daily best exchange rates from top providers over the last 61 days. Rates shown are for sending $100.
| Date | Xoom (PayPal) | Deutsche Bank | InstaReM | Remitly | Skrill |
|---|---|---|---|---|---|
| Trend | |||||
| May 21 | 110.8847 | 110.2685 | 110.6831 | 110.6486 | 111.0677✓ |
| May 20 | 110.8466 | 110.4202 | 111.2963 | 111.2521 | 111.3962✓ |
| May 19 | 110.8194 | 110.8670 | 111.4910 | 111.4833 | 111.7226✓ |
| May 18 | 110.2268 | 109.8464 | 110.8126 | 110.7195 | 110.9290✓ |
| May 17 | 110.1576 | 109.9351 | 110.8066 | 110.7500 | 110.9237✓ |
| May 16 | 110.1576 | 109.9351 | 110.8066 | 110.7500 | 110.9237✓ |
| May 15 | 110.2894 | 109.6319 | 110.7341 | 110.6886 | 110.8374✓ |
| May 14 | 110.7419 | 110.3568 | 111.1920 | 111.1473 | 111.3042✓ |
| May 13 | 95.4416 | 110.5534 | 111.4751 | 111.4460 | 111.5804✓ |
| May 12 | 95.2932 | 110.5828 | 111.2864 | 111.2734 | 111.3986✓ |
| May 11 | 94.9123 | 109.5919 | 110.2891 | 110.2634 | 110.5087✓ |
| May 10 | 94.1799 | 109.7833 | 110.4957 | 110.4600 | 110.7118✓ |
| May 9 | 94.1799 | 109.7833 | 110.4957 | 110.4600 | 110.7118✓ |
| May 8 | 94.2759 | 108.9096 | 109.8520 | 109.8178 | 109.9589✓ |
| May 7 | 94.6206 | 109.7911 | 110.6100 | 110.5011 | 110.7202✓ |
| May 6 | 94.8385 | 110.1431 | 110.8772 | 110.8647 | 111.1222✓ |
| May 5 | 95.1021 | 109.3605 | 110.1901 | 110.1524 | 110.2923✓ |
| May 4 | 94.6465 | 109.6158 | 110.2882 | 110.2525 | 110.4325✓ |
| May 3 | 94.6397 | 109.5931 | 110.4659 | 110.4300 | 110.6073✓ |
| May 2 | 94.6397 | 109.5931 | 110.4659 | 110.4300 | 110.6073✓ |
| May 1 | 94.6447 | 109.8435 | 110.5860 | 110.5438 | 110.7090✓ |
| Apr 30 | 95.0367 | 109.1697 | 107.4935 | 109.8662 | 110.0202✓ |
| Apr 29 | 94.5181 | 109.3645 | 107.4935 | 109.9112 | 110.0698✓ |
| Apr 28 | 94.2078 | 108.6773 | 107.4935 | 109.6495 | 109.8049✓ |
| Apr 27 | 93.9622 | 108.8796 | 107.4935 | 109.6711 | 109.8337✓ |
| Apr 26 | 93.9865 | 108.7356 | 107.4935 | 109.6500 | 109.8526✓ |
| Apr 25 | 93.9921 | 108.7356 | 107.4935 | 109.6500 | 109.8526✓ |
| Apr 24 | 94.0326 | 106.7237 | 107.4935 | 109.2988 | 109.4530✓ |
| Apr 23 | 93.8095 | 106.7237 | 107.4935 | 109.1067 | 109.2156✓ |
| Apr 22 | 93.5764 | 108.2920 | 107.4935 | 108.9874 | 109.0925✓ |
| Apr 21 | 93.0710 | 108.2565 | 108.8210 | 108.9341 | 109.0879✓ |
| Apr 20 | 92.5732 | 106.7237 | 108.1245 | 107.9419 | 108.4669✓ |
| Apr 19 | 92.5049 | 107.2938 | 108.0759 | 108.1500 | 108.6931✓ |
| Apr 18 | 92.5390 | 107.2938 | 108.0759 | 108.1500 | 108.6931✓ |
| Apr 17 | 92.9092 | 107.9588 | 108.6434 | 108.7420 | 109.1051✓ |
| Apr 16 | 93.1214 | 108.6337 | 109.3256 | 108.9300 | 109.7367✓ |
| Apr 15 | 93.0571 | 108.4334 | 109.0962 | 108.9300 | 109.5169✓ |
| Apr 14 | 93.0935 | 108.2875 | 108.8974 | 108.9300 | 109.2174✓ |
| Apr 13 | 92.6796 | 107.2110 | 106.3646 | 108.9300✓ | 106.0476 |
| Apr 12 | 92.6796 | 107.4907 | 108.3382 | 108.9300✓ | 108.0865 |
| Apr 11 | 92.5125 | 107.4907 | 108.3382 | 108.9300✓ | 108.0865 |
| Apr 10 | 92.4198 | 106.8826 | 107.3132 | 108.9300✓ | 107.6098 |
| Apr 9 | 92.3560 | 106.5300 | 107.2058 | 108.9300✓ | 107.7060 |
| Apr 8 | 92.6877 | 106.6526 | 107.4719 | 108.9300✓ | 107.5454 |
| Apr 7 | 92.7575 | 105.5087 | 106.7641 | 106.3006 | 106.8710✓ |
| Apr 6 | 92.4788 | 105.8998 | 106.7638 | 106.6478 | 106.8922✓ |
| Apr 5 | 92.4788 | 105.4470 | 106.0179 | 105.9188 | 106.6164✓ |
| Apr 4 | 92.6700 | 105.4470 | 106.0179 | 105.9188 | 106.6164✓ |
| Apr 3 | 92.6116 | 105.4154 | 105.9881 | 105.8870 | 106.5867✓ |
| Apr 2 | 93.0993 | 105.8982 | 106.5255 | 106.3721 | 106.7490✓ |
| Apr 1 | 93.2514 | 107.7352 | 106.6483 | 106.5843 | 108.5662✓ |
| Mar 31 | 94.3579 | 107.8692 | 107.3628 | 107.3279 | 108.8586✓ |
| Mar 30 | 94.5609 | 106.4480 | 107.4761 | 107.4597 | 108.1020✓ |
| Mar 29 | 107.6617 | 107.3138 | 108.1456 | 108.0795 | 108.2684✓ |
| Mar 28 | 107.7197 | 107.4587 | 108.2072 | 108.1664 | 108.4849✓ |
| Mar 18 | 105.2753 | 105.1465 | 106.0316✓ | 105.9014 | 106.0133 |
| Mar 17 | 104.9938 | 104.8230 | 105.5403 | 105.4038 | 105.6690✓ |
| Mar 16 | 104.5122 | 104.9316 | 105.7154 | 105.6711 | 106.0258✓ |
| Mar 15 | 104.2733 | 103.9202 | 105.0013✓ | 104.8400 | 104.9378 |
| Mar 14 | 104.2733 | 103.9202 | 105.0282✓ | 104.8700 | 104.9498 |
| Mar 13 | 104.2733 | 103.9202 | 105.0282✓ | 104.8700 | 104.9499 |
Common questions about sending money from Spain to India
What is the cheapest way to send money from Spain to India?
The cheapest option changes daily based on exchange rates. Use our comparison table above to see today's rates from every provider. Specialist services like Wise, Remitly, and OFX consistently offer better value than banks.
How long does it take to send money from Spain to India?
Most specialist providers deliver to India within 1–2 business days. Some offer instant delivery for certain payment methods. Bank wires typically take 3–5 business days.
How much does it cost to send €1,000 from Spain to India?
Costs depend on the provider's fee and exchange rate markup. Compare all providers in our table above to see exactly how much INR your recipient would receive from a €1,000 transfer today.
Can I send money from Spain to India online?
Yes, all the providers we compare support online transfers from Spain to India. Most also offer mobile apps. You can typically pay by bank transfer, debit card, or credit card.
Is it better to use a bank or a money transfer service to send money to India?
Money transfer services are almost always cheaper. Banks typically charge €25–50 per wire plus a 2–5% exchange rate markup. Specialist providers charge €0–10 with markups under 1%, saving you significantly on every transfer to India.
Everything about sending money to India
Recipient requirements, delivery methods, regulations, popular banks, and more.
More transfers from Spain
Other routes to India
Popular corridors
Top provider reviews
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