An overhaul exhaustive guide to money transfers from Germany(EU) to India. Read on and post on forums for any questions. Lets find an optimistic way to minimize the brokerages involved.
From the vast experiences of people the following are ways are ordered as best according to their usage, best exchange rate, easiness.
ICICI — Money2India.com
This is the best way of all the ways one can transfer money to India. It is not that we are biased or advertising for ICICI but because of its flexibility , promptness and after all the best exchange rate which is always the top compared to some banks like Citibank, SBI etc.
One need to register on the ICICI portal money2india.com and follow the instructions.
Money can be transfered to any ICICI branch in India for free as well as to a big list of other banks in cities electronically. Apart from this they will send a DD to any bank in India where you got an account ( can be a bank in your village or town. 2 euros of postage and DD fee is charged for amounts transfered to other banks as DDs)