Question 1

What is the cheapest way to send money from India to France?

Accepted Answer

Wise (formerly TransferWise) typically offers the best rates with transparent fees (usually 0.5-1%). Remitly and Instarem are also competitive. Avoid traditional bank wire transfers which charge 3-5% in hidden exchange rate markups plus fixed fees of 15-30 EUR.

Question 2

Should I exchange money in India or France?

Accepted Answer

Neither. Airport and bureau de change rates are poor. Use Wise or a multi-currency card (Niyo, Fi) for the best rates. If you must carry cash, exchange a small amount in India for immediate expenses. Notify your Indian bank before traveling to avoid card blocks.

Question 3

Can I use my Indian debit card in France?

Accepted Answer

Yes, Visa/Mastercard debit cards work at most French ATMs and shops. However, charges include: foreign transaction fee (1-3.5%), dynamic currency conversion (avoid — always pay in EUR), and ATM withdrawal fees (200-500 INR per transaction). A Niyo or Fi card avoids most of these fees.

Forex & Remittances

Frequently Asked Questions