How to send money to India

How to send a fast, secure and low-cost money transfer to India from Australia.

Last updated:

Taj Mahal, India

If you need to send money to India, all you have to do is follow a few simple steps:

  1. Compare some services that can change your dollars to rupees in our table below.
  2. Choose one that meets your needs and sign up for an account.
  3. Provide the details of your transfer, including the amount and who you want to send to.
  4. Confirm and pay. The money will be transferred to your recipient in India.

International Money Transfer Offer

WorldRemit International Money Transfers Offer

  • Send cash online within minutes
  • Large range of destinations
  • No minimum transfer amount

International Money Transfer Offer

Send money to 110+ countries for bank deposit, instant e-wallet, mobile top-up or cash pickup at 30,000+ agent locations worldwide.

  • Minimum transfer amount: $1
  • Maximum transfer amount: $50,000
  • Online transfer fee: $3.99
  • Cash pick up available.
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How much does it cost to send money to India? Compare your options

Use our comparison calculator to check the fees, exchange rates and transfer speed you'll get when sending money to India.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 Within an hour AUD 3.99 49.087 INR
97,978
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 48.644 INR
90,103
Special offer: Pay zero fees on your first 5 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 250 1 - 2 days AUD 15.00 48.989 INR
97,242
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
AUD 1 1 day AUD 0.00 48.989 INR
97,977
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 250 1 day AUD 0.00 48.644 INR
97,288
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 50 Same day AUD 0.00 48.939 INR
97,879
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

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.

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What's the best way to send money to India?

There are three different options you can use, each with its own benefits and downsides.

Pros Cons
Bank transfers
  • Convenient
  • Slow and expensive
Cash transfers
  • Very fast
  • Expensive
Money transfer services
  • Most cost-effective
  • Slower than cash transfers

Let's crunch the numbers: Sending $2,000 to India

The table below shows the costs of using a bank, making a cash transfer and using a specialist money transfer service, so you can see how much of a difference there is when sending $2,000 to India.

This table uses real fees and exchange rates, current as of 21 March 2019.

Bank transfer Cash transfer Money transfer service
Fee $12 + additional correspondent bank fees $23 $2.50
Exchange rate 1 AUD = 46.9500 INR 1 AUD = 48.0078 INR 1 AUD = 48.7445 INR
Transfer speed 2-5 days 5-15 minutes 1-2 days
Amount received INR93,336 INR94,911 INR97,367
Overall
  • Slowest and most expensive
  • Fastest
  • Best value

Banks are usually the slowest and most expensive choice for money transfers, while cash transfers are the fastest but cost extra. Money transfer services typically have the lowest fees and best exchange rates.

How long will it take to send money to India?

Banks can take up to a week to send money to India because your money might need to be transferred between multiple banks on the way there. Cash transfers are usually the fastest and can arrive in just a few minutes. Money transfer services aren't as fast as cash transfers, but will often be faster than banks.

Emergency cash transfer

If you need to send money to India as soon as possible, cash transfers might be the best option. Your recipient will often be able to pick up the money within just a few minutes, although they cost more than other transfers.

How to send money to India without a bank account

Cash transfer services are also useful if you or the recipient doesn't have a bank account. This is because you can just pay with cash at an agent location in Australia and the recipient can pick up the cash at an agent location in India, without needing to use bank transfers.

What to watch out for

  • Mind the gift tax. Transfers over 50,000 rupees (about AUD$980, depending on the exchange rate) may be subject to a gift tax. This doesn't apply for transfers to "blood relatives" (including spouses, children, grandchildren, siblings and in-laws), or money transfers that are part of a wedding gift or inheritance.
  • Watch out for the tax on agent fees and commissions. When an NRI (non-resident Indian) sends money to India, a 12.36% service tax may be levied on the fees and commissions paid to money transmitting agents in India. This means that if your money transfer goes through an agent in India, it can cost more than other options. This could be most likely to apply to cash transfers.

More on the taxes involved when sending money to India

What to compare to get the best deal

Consider the following to find the best transfer for your needs.

  • Fees. How much is the transfer service charging for your remittance?
  • Transfer speed. If there's a deadline for the money, make sure it's going to arrive in time.
  • Payment options. Do you want to pay with cash or a credit card? You might have to look more carefully for services which let you do this.

  • Delivery methods. If the recipient doesn't have a bank account, you may need to look for a cash pick-up option.
  • Customer service. Is there customer service available to help you in case something goes wrong?
  • Exchange rates. How many INR are you getting for your AUD? This can make an even bigger difference than the fees, especially on large transfers.

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.

If you want to get the best value for money, make your transfer when the AUD is strong compared to the INR.

Today's exchange rate AUD to INR

1
0
Updated: 17 Sep 2019 23:51:14 UTC

Cash pick-up locations in India

Frequently asked questions

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International Money Transfer Offers

Important Information*
Logo for Global Reach (formerly FC Exchange) International Money Transfers
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Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.

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WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.

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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.

      finder.com.au 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,

      Harry

  2. Default Gravatar
    alateApril 2, 2015

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

    • Avatarfinder Customer Care
      ShirleyApril 7, 2015Staff

      Hi Alate,

      Thanks for your question.

      Please note that finder.com.au 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.

      Cheers,
      Shirley

  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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