Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to send money to Australia

Find the easiest way to send money to Australia in this comprehensive guide.

Using a dedicated money transfer service to send money to Australia from India and vice versa can save you money, when compared to sending funds through your bank. Learn how to use an international money transfer service and compare your options in this guide.

Need to send money from India to Australia with a dedicated online transfer company? All it takes is three simple steps:

  1. Start your transfer. Enter details such as the amount you want to send, the account the funds will be paid into and how you will pay for the transaction.
  2. Lock in an exchange rate. Review the exchange rate and fee that will apply to your transaction before finalising the transfer.
  3. Send your funds. The money will be deposited into your recipient’s account in Australia or India.

Compare easy money transfer options to Australia below

Name Product Minimum Transfer Transfer Time Transfer Fee
INR 80
1 day
Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees.
INR 4,000
1-2 days
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers.

Compare up to 4 providers

Money transfers from India to Australia

If you are an Australian national, with a valid visa as well as a valid residential permit allowing you to work and live in India, you need to know the relevant RBI regulations for foreign nationals to open an appropriate bank account in India. The next step is to be aware of the rules that will govern any foreign exchange remittance overseas.

Providers who support the INR

Remitting money from Australia to India is facilitated by all the providers listed below. However, a lot of international money transfer companies do not have the facility to remit money from India to Australia. Contact the providers directly to get further details.

  • OFX
  • TorFX
  • PayPal
  • Remit2India
  • Remit
  • State Bank of India
  • Money2India
  • HDFC Bank
  • ICICI bank
  • Western Union
  • Axis Bank

Indian providers who offer international money transfer facilities from India to Australia.

Banks vs money transfer companies

Many people assume that the best way to send money between Australia and India is simply to use their regular bank account. After all, banks can help you send money all over the world and this is a quick and convenient option.

However, banks actually offer quite poor exchange rates on international money transfers, as they impose a significant margin on top of the price at which they purchase foreign currency. Banks also charge hefty transfer fees, which means sending money between Australia and India can end up being much more expensive than it needs to be.

In response to the lack of value for money on offer from the banks, there are now many specialist online transfer companies offering fast and affordable international transfers. Since they have lower margins than the banks and focus solely on foreign exchange, these providers generally offer better exchange rates and lower transaction fees. This can result in substantial savings when you send money from India to Australia or vice versa, as shown in the fictional case study below.

Must read: Aryan sends money to India

Let’s pretend Aryan owns a small clothing store in Chennai, India. Over the last few years, he has seen a growing interest for Indian-made clothes overseas, especially in Australia. He is now considering expanding his small business to Sydney and having his wife export the products to him from Chennai.

While looking into the visa and business licensing requirements for this venture, he decides to also look at ways that he can send his profits back home to his wife in India. He compares the cost of sending funds from Australia to India using his bank with the cost of using a specialist money transfer service.

As you can see in the table below, on a transfer of AUD$1,000, Aryan can send an extra INR1,560 simply by using the money transfer company. He can also save more than AUD$15 in transfer fees, making the specialist transfer company a much more cost-effective option for his business.

BankMoney transfer service
Transfer amountAUD$1,000AUD$1,000
Exchange rateAUD$1 = INR47.09AUD$1 = INR48.65
Transfer feeAUD$22 per transactionAUD$6.95 per transaction
Amount received (in Indian Rupee)INR47,090INR48,650
Transfer timeThree to five business daysOne to four business days
Difference of+INR1,560

Rates correct as of 5 December 2017.

How do I send money between India and Australia?

Need to send money from Australia to India, or from India to Australia? The good news is that there are several options to choose from:


  • Regular bank account. You can send an international money transfer from your everyday transaction account. However, remember that other transfer options provide better exchange rates and lower transaction fees.
  • Citibank Plus transaction account. 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.


  • Money transfer services. You can send money to India using a range of dedicated money transfer services. Many of these providers offer competitive rates, quick transfer times and flexible transfer options such as limit orders and forward contracts.
  • PayPal. If you and your recipient both have PayPal accounts, you can transfer money from Australia to India. 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 from Australia to India. However, personal money transfers through Paypal from India to Australia is not available.
  • Send a cheque in an international currency such as euros or US dollars. This is one of the slowest ways to send money overseas. 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).

How to compare your options when transferring money between Australia and India

When comparing money transfer companies, remember to consider the following features:

  • Exchange rates. The exchange rate you get can make a huge difference to the overall cost of your transaction, so compare rates for AUD/INR and INR/AUD transfers across a range of providers. If using a provider’s online calculator to determine costs, make sure the rate quoted is the rate you will actually receive for your transaction and not the interbank rate.
  • Transaction fees. You’ll need to consider the exchange rate a provider offers alongside the fees it charges. Some companies charge a flat fee, others will charge a fee calculated as a percentage of your transaction amount. Also keep an eye out for providers that will waive all fees when you transfer a large amount of money.
  • Transfer options. Depending on your circumstances, you may want to see whether the provider offers flexible transfer options to help you get the exchange rate you want, such as forward contracts and limit orders. If you need to send regular payments, some companies will allow you to set up a recurring payment plan.
  • Transfer times. Check with each provider to find out how long it will take to transfer funds between Australia and India. If time is of the essence, you may wish to choose a company
  • Transfer limits. Some services have a minimum and maximum dollar amount that you can send with each transaction. Make sure your transaction fits within the limits of any service you plan to use.
  • Supported currencies. Make sure the company you choose supports transfers in both AUD and INR, as well as in any other currency you’re planning on sending.
  • Reliable customer service. Check the options you have for contacting the provider if you need help with a transaction. As well as phone, email and live chat customer support, does it offer an online help centre with a range of frequently asked questions? During what hours can you get in touch with a customer service rep?

Emergency cash transfers between Australia and India

If an Australian tourist in India needs urgent cash, or an Indian tourist down under needs money fast, there are several emergency transfer options available:

Cash transfer companies

These companies allow your recipient to pick up cash wherever they live in Australia.

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

If you’re an Australian planning to visit India, the Department of Foreign Affairs and Trade (DFAT) recommends that Australians exercise caution while travelling to 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.

How to pick up a cash transfer

If you’re collecting a cash transfer in India 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.

Definition: Best* money transfer service

There is no single best money transfer service, and the best service for you may not be the best for someone else. This is because there are many factors besides the exchange rate to consider when sending an international money transfer, including the transfer fees, the payment method, the speed of delivery and the level of customer service.

One person may need to transfer money within 24 hours, while others may have no time frame, which may affect the exchange rate. You should consider a range of products when deciding which provider is most suited to your personal money transfer needs.

Definition: Cheapest*

There is no one way to send money overseas that is guaranteed to be the cheapest. You may be able to find the cheapest transfer fee, but the exchange rate may not be as competitive, or vice versa.

You may need to send money within 24 hours, while other people may have no time limit. You should always consider a range of products when deciding which provider is most suited to your personal money transfer needs.

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. As of the 2016 census, 468,800 people who reside in Australia – or 1.9% of the Australian population – were born in India. 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, the two-way goods and services trade between Australia and India in 2015-16 totalled AUD19.4 billion. At the end of 2015, Australian investment in India totalled AUD10.6 billion while Indian investment in Australia exceeded AUD11 billion.

And 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.

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy Policy and Terms.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site