Most Indians in NL send €200–700/month home. The service you choose can cost you €100–250/year in needless fees and exchange-rate markup. Here is the comparison.
₹105.70Loading...
RECOMMENDED
🟢 Wise
Uses the mid-market rate, no FX markup — just a small upfront fee. Best transparency. Most Indians in NL use this.
Transfer fee
€3.80
Effective rate
₹105.70
Recipient gets
₹52,449
vs Wise/year
—
🔵 Remitly
No explicit fee but 1.5% FX markup. Good for larger amounts.
Transfer fee
€0.00
Effective rate
₹104.11
Recipient gets
₹52,057
vs Wise/year
−₹4,704
🟣 Instarem
Singapore-based, competitive rates. Popular with Indian IT professionals.
Transfer fee
€0.00
Effective rate
₹104.85
Recipient gets
₹52,427
vs Wise/year
−₹264
🟠 ICICI Money2India
Good if your family uses ICICI Bank in India. Direct account transfer.
Transfer fee
€0.00
Effective rate
₹104.43
Recipient gets
₹52,216
vs Wise/year
−₹2,796
🔵 SBI Express Remit
Best if family uses SBI. Free for SBI account holders in India.
Transfer fee
€0.00
Effective rate
₹104.22
Recipient gets
₹52,110
vs Wise/year
−₹4,068
🟡 Western Union
Widely known but expensive. Avoid for regular transfers.
Transfer fee
€5.40
Effective rate
₹103.06
Recipient gets
₹50,972
vs Wise/year
−₹17,724
🏦 Dutch bank transfer (ING/ABN)
Most expensive option. Never use your bank for remittance.
Transfer fee
€5.00
Effective rate
₹102.53
Recipient gets
₹50,752
vs Wise/year
−₹20,364
Wise figures verified against wise.com in May 2026 (EUR→INR, paid by bank transfer). The other services are indicative estimates — fees and exchange-rate markups change often, so check each provider's live quote before you send.
Switching from bank transfer to Wise saves you
₹20,364/year
On €500/transfer, monthly. That is money your family gets — not the bank.
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💡 Indian expat remittance tips (Netherlands)
✓ Set up Wise first thing
Open your Wise account before you leave India. Verify your identity with Indian passport. It takes 24–48 hours to activate.
✓ Send EUR, not INR
Always initiate transfers in EUR from your Dutch bank account. Never let the receiving Indian bank do the conversion.
✓ DTAA and Indian tax
Money you send home is not separately taxable in India — it is your post-tax Dutch income. No double taxation on the remittance itself.
✓ Indian bank account — keep it active
Keep your Indian savings/NRE account active. NRE accounts are tax-free in India for interest earned. Convert to NRE account before leaving.
✓ Timing rates
The EUR/INR rate moves several rupees over a year. Sending €500 at ₹103 vs ₹108 is about ₹2,500 difference. Worth noting, but not worth stressing over for regular transfers.