Breakdown for Germany Students
- Average Germany student monthly cost:
- Rent: €350–€550
- Food: €120–€200
- Transport: €40–€50
- Insurance: €120
- Phone: €10–€20
- Misc: €100
- We help plan your Forex/monthly budgeting properly.
Studying in Germany is a dream for thousands of Indian students, but one step that creates more confusion than anything else is FOREX — how to carry money, how to get Euros, which card to use, how to avoid hidden charges, and how to stay safe with your finances once you land in Germany. If you get FOREX wrong, you lose money.
If you get it right, you save ₹20,000 – ₹70,000 during your first year.
Germany prefers cards with zero markup and low ATM charges. We help you choose from the top RBI-approved Forex providers:
We compare based on:
Students in Germany mainly use: Niyo, Wise, HDFC.
Niyo Global, Wise Euro Card, and HDFC ForexPlus are the most accepted cards with low fees.
€800–€1200 is recommended; RBI allows up to €3000.
Not mandatory but highly recommended for daily expenses before your bank account is opened.
Yes, but they charge high markup (3.5–5%) and ATM fees.
Use Wise, Remitly, Western Union, or RBI-approved bank transfers.
Combination of Euro cash + Forex card + SEPA bank transfers.
No. Blocked account must be funded via bank transfer only.
Yes, usually €500 per day depending on the card provider.
Yes, if you use RBI-approved cards and avoid DCC charges.