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How to send money to India

Compare fees and exchange rates to get the best deal on your next money transfer from Australia to India.

Whether you're helping out family in Chennai or opening an office in Mumbai, when you need to send money from Australia to India fatafat, you don’t want to deal with a stressful and expensive process.

By comparing the transfer fees and exchange rates of several providers at once, you can be confident that you’re finding the best deal with the least amount of hassle.

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Best ways to send money to and from India

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to India with an online money transfer provider.

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Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 250 1 - 2 days AUD 15.00 50.116 INR
$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.
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AUD 200 1 - 2 days AUD 5.00 50.873 INR
Exclusive: Finder customers receive $15 off their first transaction. T&Cs apply.
Quick and simple international money transfers with zero-margin exchange rates. There's a flat 0.5% transfer fee for most transfers. Earn loyalty points on sign up, referral and every transaction.
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AUD 0 1 day AUD 0.00 50.116 INR
With global payments provider XE, enjoy fast and secure transfers and a range of foreign currency tools and calculators while benefiting from $0 transfer fees. Go to site Show details
AUD 50 Same day AUD 0.00 50.574 INR
Instant transfers to India from anywhere in the world with $0 transfer fees. New customers who create an account with Remit2India and make a transfer of AUD$500 or more for the first time will receive a complimentary $25 Coles/Myer e-voucher. Click 'Go to site' for T&Cs. Go to site Show details
AUD 250 2 days AUD 10.00 50.651 INR
Pay $0 fee when you transfer more than $5000, regardless of whether you transfer online, over the phone or in branch. Go to site Show details
AUD 1 1 - 2 days AUD 6.00 50.879 INR
Make online transfers at the mid-market rate with transparent fees in 45+ currencies. Go to site Show details
AUD 2,000 1 day N/A N/A N/A Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider. Go to site Show details

Compare up to 4 providers

The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

How to send money to India in a few simple steps

  1. Choose your service. Not all money transfer services send money to India from Australia. Use our table to see which ones do and compare exchange rates, transfer fees and more.
  2. Create an account. This usually involves providing forms of identification, like your driver’s licence or passport and proof of address.
  3. Pick your payment method. You can typically choose to pay from your bank account, credit card or debit card.
  4. Choose your delivery method. Do you want to send money directly to your recipient’s bank account, to their mobile phone, or arrange a cash pickup in New Delhi, Mumbai or Bangalore?
  5. Enter your transaction details. This includes the transfer amount, currency you’re sending and the recipient’s information.
  6. Review your transfer. Make sure the receiver’s details are correct. You can also review the final exchange rate and any other fees. Keep in mind that if you’re not an Indian resident, a 12.36% government service tax will be added on top of your transfer.
  7. Send your funds. The money will be deposited into your recipient's account in India.
  8. Receive email/SMS confirmation. This will include your tracking number along with confirmation of your transfer. If the recipient is picking up cash, they’ll need to present this at collection.

What to know when transferring money to India

  • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate (the rate banks and transfer services use when they trade among themselves) and look for the smallest margin between them.
  • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
  • Bank partners. Many providers list their Indian bank partners online. See if your recipient's bank is affiliated with your provider before initiating a transfer.
  • Transfer speed. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes.
  • Transfer limits. For large transfers, compare and find the best exchange rate, especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
  • Payment scheduling. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
  • Customer service. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.

Foreign exchange rates explained

An exchange rate determines how much one country’s currency is worth in another currency. When a currency is strong, it yields more money when exchanging it for a weaker currency. India's exchange rate is flexible, which means it can change from moment to moment due to factors such as interest rates, economic stability and inflation.

Today's exchange rate AUD to INR

AUD to INR: Historical rate chart

Updated: 18 Feb 2019 17:39:08 UTC
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What are all the ways I can send money to India?

There are lots of options for sending money to India beyond a normal bank transfer. What's best for you will depend on how you want the transfer delivered, how fast you need it to arrive and the fees you're willing to pay. A few of the most common transfer methods include:

  • Bank transfers. Many major Australian banks allow you to transfer money to banks in India. However, this option generally doesn’t offer the best exchange rates or lowest fees.
  • Money transfer services. These providers often have competitive exchange rates closer to the mid-market rate and can transfer money to bank accounts or mobile.
  • Providers with cash pickup. This can often be the fastest method of transferring money to India, where there are locations in New Dehli, Mumbai and Bangalore. While good for emergency transfers, you may sacrifice a better exchange rate.
  • Send an international cheque. This involves sending a cheque in a foreign currency like euros or US dollars and is one of the slowest ways to send money. You'll need to make sure that the cheque is in a recognised international currency and you'll also be required to provide proof to your bank of why you're sending money to India (such as a legal document demanding you send money to India).
  • PayPal. You'll need to link a bank account or credit card to your PayPal account to pay for your transfer, while the fee that applies is calculated as a percentage of your transaction amount. The fee also varies depending on where you send money and whether or not you use a credit card to fund your transaction, so review all charges before deciding whether to choose this option to send funds between Australia and India.
  • Citibank Plus transaction account. As an international banking network, you can send money from your Australian Citibank account to a Citibank account in India for free. There is no minimum amount and you can make the transaction online, over the phone, at an agent or from bank-to-bank for no fee.

Banks vs money transfer companies

Many major Australian banks offer the option to send funds to India, but they typically charge high transfer fees and offer exchange rates that are significantly lower than the mid-market rate.

A reputable money transfer specialist can often offer better exchange rates and also charge lower fees, saving you money and putting more rupees into your recipient’s pocket.

Aryan sends money to India

Aryan lives and works in Australia and wants to send $1,000 of his salary to his parents in Mumbai. He approaches his bank for an international transfer but is shocked when he sees its weak exchange rate and high fees. He compares his bank's services with those of an independent money transfer specialist to see who offers the better deal.

Major Australian bankMoney transfer specialist
Transfer amountAUD$1,000AUD$1,000
Exchange rateAUD$1 = INR48.747AUD$1 = INR50.773
Transfer feeAUD$18 per transactionAUD$0 per transaction
Amount received (in Indian rupees)INR47,870INR50,773
Transfer time1-2 business days1 business day
Difference of+INR2,903

Aryan discovers that his family could receive almost 3,000 more Indian rupees if he sends his money through a money transfer specialist. And, he'll save himself a further $18 in transfer fees.

Regulations on sending large amounts of money to India

While you won't have to do anything extra to send a large amount of money out of Australia, your receiver may have to. If your recipient is a “blood relative” (including spouses, children, grandchildren, siblings and in-laws), they won't have to pay tax on any transfer, no matter the size. Money transfers that are part of a wedding gift or inheritance are also exempt from regulation.

All other large money transfers, though, come under the umbrella of the gift tax, regulated by the Indian Income Tax Act. This means any amount over 50,000 rupees (about AUD$980, depending on the exchange rate) is taxable and should be declared by the recipient as income.

You may also need to provide extra documentation if you're sending a large amount, depending on the money transfer service.

What do I need to know about taxes?

Non-Resident Indians (NRIs) sending money to India are required to pay a 12.36% government service tax on any commission or fee paid to an agent to facilitate the exchange. Some banks and providers conveniently factor this service tax into your totals, but ask if you don't see it listed.

Tips for sending money to India

Same-day cash transfers in India

You might need to send an emergency cash transfer to India, for example, if a friend travelling through the country loses their wallet. When a fund transfer is urgent, the fastest option will often be the most expensive one. Be sure to carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.

Some options for emergency cash transfers between Australia and India include:

  • Cash transfer companies. MoneyGram and Western Union offer international transfers between Australia and India within minutes. Your recipient can then pick up the cash you send from their nearest MoneyGram or Western Union location, all they'll need is photo ID and a transaction reference number.
  • Travel insurance. If your trip is covered by travel insurance, many comprehensive policies can provide an emergency cash allowance if you lose your wallet or it is stolen while you're overseas. Check the fine print of your travel insurance PDS for more information.
  • Credit card provider. If you lose your credit card or it's stolen while you're overseas, you may be able to contact your card provider to be sent a replacement card and also access emergency cash.

Tips for picking up cash in India

The Department of Foreign Affairs and Trade (DFAT) recommends that Australians exercise a high degree of caution when visiting India.

If you need to go to an agent to pick up cash, make sure you don’t travel alone and that you ride with a reputable cab company. Don't display the cash in public and deposit it somewhere safe as soon as possible.

If you're collecting a cash transfer in India or Australia, remember these few simple tips:

  • Identification. You'll need to provide a form of photo ID, for example a driver's licence or passport, when picking up the money.
  • Reference number. Ask the person transferring funds to you to send you the transaction ID or reference number, as you'll need to quote this number when you go to collect the funds.
  • Phone ahead. When collecting money overseas and in unfamiliar surrounds, it may be worth phoning ahead to confirm an agent's address and opening hours.
  • Large transfers. If you're collecting a large sum of cash, you may need to call ahead to check whether the agent has sufficient funds to complete the transaction.

Your complete guide to international money transfers.

Cash pickup locations in India

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Which 10 countries are sending the most money to India?

India receives more money transfers than any other country, according to World Bank data, with an estimated $69 billion in remittances in 2017. There are almost half a million Indians living in Australia, so let’s see how Australia stacks up against other countries when it comes to sending money to India.

RankCountryRemittances in 2017
1United Arab Emirates$13,822,589,675
2United States$11,714,633,011
3Saudi Arabia$11,238,826,124
6United Kingdom$3,940,789,728

Australia and India

Australia and India may have played out some fierce battles on the cricket pitch but the two countries still maintain strong cultural and economic ties. With such a large population of Indian-born people now calling Australia home, there are plenty of reasons why you might be looking for an affordable way to send money between Australia and India.

From an economic standpoint, Australia's exports to India totalled $15.7 billion in 2017. By the end of 2017, Australia's investment in India hit almost $14 billion, a 32% increase from 2015.

With more than 260,000 Indians visiting Australia in 2016 and over 290,000 Aussie tourists going in the opposite direction, the need to find an affordable way to transfer funds between the two countries becomes even more apparent.

Frequently asked questions

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WorldFirst International Money Transfers

Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.

OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

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6 Responses

  1. Default Gravatar
    kumarApril 12, 2016

    want to send money to india.
    want to know which is the best and cheapest way to send.
    like i have NRE account of punjab national bank.

    • Default Gravatar
      HarryApril 12, 2016

      Hi Kumar,

      Thanks for your question.

      You can compare the ways to send money to India by clicking here. is a financial comparison website and as such we cannot provide specific banking advice. If you want advice specifically from your bank, we recommend getting in touch with Punjab National Bank.

      I hope this helps,


  2. Default Gravatar
    April 2, 2015

    my son in Australia wants to send money to me. what is the best way and how much it costs

    • finder Customer Care
      ShirleyApril 7, 2015Staff

      Hi Alate,

      Thanks for your question.

      Please note that is an online comparison service and is not in a position to recommend specific products, providers and services.

      The fee will depend on which service provider you choose. You can see these in the ‘online transfer fee’ column in our comparison tool.


  3. Default Gravatar
    JasjitJuly 17, 2014

    There are several other alternatives available. Some of them are Aussie Forex, GMT Money,PFG Money, Money Pigeon Pty Ltd etc.

    These services may or may not charge a transfer fee but their exchange rates are way better than others.

  4. Default Gravatar
    PeteDecember 15, 2013

    I truly appreciate this post.

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