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.
This complete guide gives you clarity on:
Which Forex card Indian students should use in Germany
How much Euro cash to carry
How to send money to Germany safely
Whether your Indian debit/credit cards work in Germany
How to avoid DCC charges
Best and cheapest way to manage money in Germany
Best Forex services in Hyderabad for Germany-bound students
Here’s the harsh truth:
❌ Most Indian students choose the wrong Forex card.
❌ They get fooled by high hidden charges.
❌ They lose money on ATM withdrawals.
❌ They exchange Euros at the wrong time.
❌ They buy currency from unauthorized sellers.
❌ They carry too much cash and get flagged at immigration.
❌ They don’t know about DCC charges and lose money every swipe.
With Abroad Study Rover’s Germany Forex Assistance, we make sure your money is safe, optimized, and accepted everywhere in Germany.
We help you choose from the top RBI-approved Forex providers:
Niyo Global Card
Wise Euro Card
HDFC ForexPlus Global
Axis Bank Forex Card
SBI Euro Student Forex
Thomas Cook Student Forex
We compare based on:
ATM withdrawal charges
Forex markup
DCC fees
Reload fees
Acceptance in Germany
Contactless payment
Daily withdrawal limit
Students in Germany mainly use: Niyo, Wise, HDFC.
Up to €3000 cash legally More ONLY through Forex card or bank transfer
We recommend:
We help you purchase Euros at lowest exchange rates from trusted, RBI-approved vendors.
Hidden conversion charges
We guide you to the cheapest strategy:
✔ Initial cash → Euros
✔ Monthly expenses → Forex card
✔ Rent/transfer → Bank transfer (SEPA)
This saves you ~₹15,000 in the first 3 months.
We help students and parents choose between:
Wise
Remitly
Western Union
Bank transfer (RBI approved)
Forex vendors
You get:
✔ Lowest transfer fees
✔ Fast settlement
✔ Trusted channels (no scams)
In Germany:
Local banks charge €4–€6 per withdrawal
Your Indian card charges ₹300–₹700
Plus conversion markup
Plus DCC traps
We show you:
Best ATMs to use
How to avoid DCC
How to minimize withdrawals
How to use contactless payments
Yes — but with issues.
Indian debit cards charge:
3.5–5% markup
High cash withdrawal fees
DCC (dynamic currency conversion)
We teach you when to use it and when to avoid it.
You MUST show:
Blocked account
Bank balance
Visa funds
Forex also helps with:
Paying semester fee
Paying accommodation advance
Pre-departure expenses
We guide you step-by-step.
Students in Hyderabad trust us because we provide:
Lowest rates
RBI-approved Forex partners
Free comparison
Same-day Forex support
100% safe transactions
Student discounts
We educate students on:
Fake currency sellers
Unauthorized card issuance
Overcharging agents
Fake apps
ATM tampering
DCC traps
Our service protects you from these risks.
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.