Send Money to India from Australia at Best Exchange Rates

Highest remittance rate for converting Australia Dollar to Indian Rupee is 1 AUD = 48.33 INR

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Best Way to Send Money to India from Australia

Sending money overseas through money transferring companies is definitely more beneficial as compared to banks. If we believe the report of the World Bank, then India has officially recorded the highest remittance in the year 2018 when it receives over $79 billion. In this record, Australia also plays a major role because more than 468,800 Indians live in Australia which is approximately 1.9% of the total Australian population. People living there often search for the best way to transfer money to India as they want to send money to their friends and family online or through a bank which also plays a major role in Indian GDP growth.

Therefore on this page, we have compared the “Top 12 money transfer service from Australia to India”.

Please find the list of companies below in a sorted order which are providing the best money transfer services with the highest exchange rates and low fee.

Country Guide - India

Mid Market Rate

48.58

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Mid Market Rate

48.58

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Sort By:
BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee ₹ 0) $ 500
Receiving Amount
₹ 24163.5
Realized Exchange Rate
48.33
currencyfair AUD to INR Exchange Rate
48.327
Best Value

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Transfer Time : 1-2 Days
Promoted
Currencyfair is a one of the safest & leading money transfer service provider for sending money from Australia to India for sending amount 500. Today’s Currencyfair exchange rate for sending money from AUD to INR is 48.327 with a ₹ 0 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 48.33. The pay in options available are Bank, also you can receive money using Bank, at multiple Currencyfair partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Currencyfair click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 3.99) $ 503.99
Receiving Amount
₹ 23952.6
Realized Exchange Rate
47.53
worldremit AUD to INR Exchange Rate
47.9052
1.66% vs Best Value

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Transfer Time : 2-3 Days
Promoted
Worldremit is a one of the safest & leading money transfer service provider for sending money from Australia to India for sending amount 500. Today’s Worldremit exchange rate for sending money from AUD to INR is 47.9052 with a $ 3.99 fee. Based on the Exchange Rate IQ calculations it offers 1.66% less than the best value for your money transfer. The realized exchange rate after considering the fees is 47.53. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bankdeposit, at multiple Worldremit partner locations. The transfer time usually range between 2-3 Days. For more detailed review of Worldremit click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 500
Receiving Amount
₹ 24115
Realized Exchange Rate
48.23
remit2india AUD to INR Exchange Rate
48.23
0.21% vs Best Value

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Transfer Time :
Remit2india is a one of the safest & leading money transfer service provider for sending money from Australia to India for sending amount 500. Today’s Remit2india exchange rate for sending money from AUD to INR is 48.23 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.21% less than the best value for your money transfer. The realized exchange rate after considering the fees is 48.23. The pay in options available are Bank, also you can receive money using Bank, at multiple Remit2india partner locations. The transfer time usually range between . For more detailed review of Remit2india click here
1 More Option Available

You Pay
(Sending Amount + Fee)

Exchange Rate
(remit2india / Realized)

Receiving Amount
(Receiving Amount)

$ 500
Pay-In :
48.23 / 48.23
Instant
₹ 24115
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 500
Receiving Amount
₹ 24070
Realized Exchange Rate
48.14
orbitremit AUD to INR Exchange Rate
48.14
0.39% vs Best Value

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Transfer Time : 1-2 Days
Orbitremit is a one of the safest & leading money transfer service provider for sending money from Australia to India for sending amount 500. Today’s Orbitremit exchange rate for sending money from AUD to INR is 48.14 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.39% less than the best value for your money transfer. The realized exchange rate after considering the fees is 48.14. The pay in options available are Bank, also you can receive money using Bank, at multiple Orbitremit partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Orbitremit click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 2.5) $ 500
Receiving Amount
₹ 24159.0975
Realized Exchange Rate
48.08
instarem AUD to INR Exchange Rate
48.561
0.52% vs Best Value

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Transfer Time : 1-2 Days
Instarem is a one of the safest & leading money transfer service provider for sending money from Australia to India for sending amount 500. Today’s Instarem exchange rate for sending money from AUD to INR is 48.561 with a $ 2.5 fee. Based on the Exchange Rate IQ calculations it offers 0.52% less than the best value for your money transfer. The realized exchange rate after considering the fees is 48.08. The pay in options available are Bank, also you can receive money using Bank, at multiple Instarem partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Instarem click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 500
Receiving Amount
₹ 24000
Realized Exchange Rate
48
remitmoney AUD to INR Exchange Rate
48
0.68% vs Best Value

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Transfer Time : Same Day
Remitmoney is a one of the safest & leading money transfer service provider for sending money from Australia to India for sending amount 500. Today’s Remitmoney exchange rate for sending money from AUD to INR is 48 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.68% less than the best value for your money transfer. The realized exchange rate after considering the fees is 48. The pay in options available are Bank, also you can receive money using Bank, at multiple Remitmoney partner locations. The transfer time usually range between Same Day. For more detailed review of Remitmoney click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 3.41) $ 500
Receiving Amount
₹ 24113.0199
Realized Exchange Rate
47.9
transferwise AUD to INR Exchange Rate
48.5572
0.89% vs Best Value

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Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from Australia to India for sending amount 500. Today’s Transferwise exchange rate for sending money from AUD to INR is 48.5572 with a $ 3.41 fee. Based on the Exchange Rate IQ calculations it offers 0.89% less than the best value for your money transfer. The realized exchange rate after considering the fees is 47.9. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Transferwise partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Transferwise click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 3.99) $ 503.99
Receiving Amount
₹ 24120
Realized Exchange Rate
47.86
remitly AUD to INR Exchange Rate
48.24
0.97% vs Best Value

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Transfer Time :
Remitly is a one of the safest & leading money transfer service provider for sending money from Australia to India for sending amount 500. Today’s Remitly exchange rate for sending money from AUD to INR is 48.24 with a $ 3.99 fee. Based on the Exchange Rate IQ calculations it offers 0.97% less than the best value for your money transfer. The realized exchange rate after considering the fees is 47.86. The pay in options available are Bank, also you can receive money using Bank, at multiple Remitly partner locations. The transfer time usually range between . For more detailed review of Remitly click here
1 More Option Available

You Pay
(Sending Amount + Fee)

Exchange Rate
(remitly / Realized)

Receiving Amount
(Receiving Amount)

$ 503.99
Pay-In :
47.95 / 47.57
₹ 23975
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 500
Receiving Amount
₹ 23925
Realized Exchange Rate
47.85
icici AUD to INR Exchange Rate
47.85
0.99% vs Best Value

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Transfer Time : 2-3 Days
Icici is a one of the safest & leading money transfer service provider for sending money from Australia to India for sending amount 500. Today’s Icici exchange rate for sending money from AUD to INR is 47.85 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.99% less than the best value for your money transfer. The realized exchange rate after considering the fees is 47.85. The pay in options available are Bank, also you can receive money using Bank, Cashcard, at multiple Icici partner locations. The transfer time usually range between 2-3 Days. For more detailed review of Icici click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 5) $ 505
Receiving Amount
₹ 24125
Realized Exchange Rate
47.77
quickremit AUD to INR Exchange Rate
48.25
1.16% vs Best Value

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Transfer Time : 1-2 Days
Quickremit is a one of the safest & leading money transfer service provider for sending money from Australia to India for sending amount 500. Today’s Quickremit exchange rate for sending money from AUD to INR is 48.25 with a $ 5 fee. Based on the Exchange Rate IQ calculations it offers 1.16% less than the best value for your money transfer. The realized exchange rate after considering the fees is 47.77. The pay in options available are Bank, also you can receive money using Bank, at multiple Quickremit partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Quickremit click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 500
Receiving Amount
₹ 23885
Realized Exchange Rate
47.77
yesremit AUD to INR Exchange Rate
47.77
1.16% vs Best Value

SEND NOW

Transfer Time : 2-3 Days
Yesremit is a one of the safest & leading money transfer service provider for sending money from Australia to India for sending amount 500. Today’s Yesremit exchange rate for sending money from AUD to INR is 47.77 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 1.16% less than the best value for your money transfer. The realized exchange rate after considering the fees is 47.77. The pay in options available are Bank, also you can receive money using Bank, at multiple Yesremit partner locations. The transfer time usually range between 2-3 Days. For more detailed review of Yesremit click here
1 More Option Available

You Pay
(Sending Amount + Fee)

Exchange Rate
(yesremit / Realized)

Receiving Amount
(Receiving Amount)

$ 503
Pay-In :
48.04 / 47.75
2-3 Days
₹ 24020
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 500
Receiving Amount
₹ 23427.45
Realized Exchange Rate
46.85
ofx AUD to INR Exchange Rate
46.8549
3.06% vs Best Value

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Transfer Time :
Ofx is a one of the safest & leading money transfer service provider for sending money from Australia to India for sending amount 500. Today’s Ofx exchange rate for sending money from AUD to INR is 46.8549 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 3.06% less than the best value for your money transfer. The realized exchange rate after considering the fees is 46.85. The pay in options available are Bank, also you can receive money using Bank, at multiple Ofx partner locations. The transfer time usually range between . For more detailed review of Ofx click here

More Available Options

You can check rates of some more providers that may support your country
With Xendpay you get the best deal and make a big difference with every transfer
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying

Exchange Rate IQ Summary for Money Transfer From Australia to India

  • Which is the best option available to send money from Australia to India after comparison?
  • With our real-time comparison on sending money from Australia to India ,
      we have found Currencyfair remittance services who are providing competitive exchange rates.
  • Top 3 companies are - ( Currencyfair, 48.33 ) ( Remit2india, 48.23 ) ( Orbitremit, 48.14 ) .
  • To remit money in the bank account of India, best companies is ( Currencyfair, 48.33 ).
  • Current money transfer offeres/promotions are available with Currencyfair, Worldremit, Remit2india, Instarem, Remitmoney, Icici, Ofx money transfer services.
  • For quick money transfer from Australia to India with agent service is Remit2india with exchange rate 48.23.
  • Available pay in when sending money from Australia to India Bank, Creditcard, Debitcard.
  • Available pay out when sending money from Australia to India Bank, Bankdeposit, Cashcard.
  • Other options to transfer money from Australia to India are Xendpay, Travelex, Moneygram .
  • The comparison result was last updated on Sep 19, 2019.
  • For the latest comparison result of Australia to India, Please visit ExchangeRate IQ regularly.

Top 10 money transfer companies in India from Australia:

There are many companies which are offering their services on Australia to India corridor but only a few are offering their best services. These companies are cost-efficient, offer best rates and are highly secured. These are:

  1. WorldRemit
  2. CurrencyFair
  3. InstaReM
  4. Remitly
  5. TransferWise
  6. YESRemit
  7. Remit2India
  8. RemitMoney
  9. OrbitRemit
  10. OFX

These companies are selected after comparing them to banks, other money transfer companies, their exchange rates, transfer fees, security measures and client satisfaction.

Top Key factors to consider before transferring funds to India

There are multiple companies providing remittance services from the Australia to India, but it is not necessary that it will provide you with the best available services. It is most essential for the sender to take charge and be aware of hidden and transfer fee along with the exchange rates provided by them as well as competitors. So, you should invest your time and explore the best keeping the following factors in mind:

Reliability: You must know that the remittance company whose services you are looking for is reliable and trustworthy. There are many fraud companies come up with their plans which are not licensed and offer minimum fee with the best exchange rates, but your money will not safe with them. The most reliable path of sending funds is through a bank, which imposes higher fee and lower exchange rates.

Plan the Transaction: If you are planning to transfer funds, you should not wait for making the last minute decision or wait for any emergency. When you feel the prices are at their best, you can transfer the funds with minimum transfer fees. This will cost you less and you can make the most from your money.

Customer Service: Having a helping hand at the time of transferring funds is beneficial if in case you face any difficulty. The reputable companies offer best customer support in the event of mishap like delay or non-arrival of funds.

Pros and cons of transfer options to India from Australia

There are multiple ways to transfer money to India which includes bank transfer, online transfers through money transfer companies and cash pick up services. Every transfer mode has its pros and cons which are stated under:

Bank transfer to India:

Pros:

  • Convenient
  • Easy to use
  • Highly secured

Cons:

  • Slow
  • Highly expensive

Cash pick up service India:

Pros:

  • Easily available in most of the districts in India
  • Very fast
  • Best in emergency purpose

Cons:

  • Expensive

Online money transfer companies in India:

Pros:

  • A most effective way to transfer money
  • Highly cost-efficient
  • Provide multiple ways to transfer money

Cons:

  • Slow compared to cash transfers


FAQ's

How long does an international money transfer to India take?

Most of the money transfer companies take three to five working days, although some of them can also transfer funds in a couple of hours. Money order, cheque and demand draft can even take up to two weeks. For example, CurrencyFair transfers money in 1-2 days, while WorldRemit takes 3-4 days, while Remit Money by Axis Bank offers same day transfer. So, you should always check transaction time with the transferring company before you send your money.
Discuss this question

Can I transfer money from Australia to India through my bank?

Yes, most banks offer a wire transfer service, but it is usually more expensive than using the dedicated money transfer websites or remittance companies. You can also use your bank account to make the transfer to the recipient’s bank account in India through WorldRemit, CurrencyFair, TransferWise, OrbitRemit, etc. Besides this, a lot of Indian banks like ICICI, SBI, Axis Bank, Kotak, and YES Bank also offer online remittance services.
Discuss this question

What are the multiple ways to transfer money from Australia to India?

One can transfer and receive funds to India in multiple modes including bank transfer, cash pick-up, demand draft transfer, foreign currency cheque, wire transfer, mobile top-up, SOFORT, and online transfer. If you want fast delivery of funds, you can choose wire transfer and cash pick-up services which attract higher fees, while if you have no such emergency to deliver funds, you can easily transfer it through a bank account, which will deliver funds in 3-5 working days.
Discuss this question

Why do money transfer companies offer different exchange rates for India?

Different companies have different business models. Some offer zero fees while taking an exchange rate margin, while others ask for an upfront fee. These companies deduct their costs, profits, commissions, and margins from the rates they are offering. Therefore, all companies have different exchange rates.
Discuss this question

Can I transfer money from Australia to an account in another name to India?

Yes, most money transfer companies require you to add the details of the receiving party. If you are sending money to India online you will have to add the bank accounts of the receiving party. It could be your NRI/NRO account or someone in your family/friend. Many companies do not allow third-party transfers, so you mostly need your own account.
Discuss this question

Are money transfers regulated in Australia?

Yes, all the transfers that take place beyond the borders are regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC). They track money coming into - and going out of - the country, to make sure it’s from legitimate sources and is being used legally.
Discuss this question

Historical Mid Market Exchange Rate From Australia Dollar (AUD) to Indian Rupee (INR) (Weekly)

Current Exchange Rate(Mid Market) :- 48.58 INR/AUD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion AUD To INR

Send Australia Dollar To INDIA Receive Indian Rupee
1 AUD TO INR 48.58
50 AUD TO INR 2429
100 AUD TO INR 4858
250 AUD TO INR 12145
500 AUD TO INR 24290
1000 AUD TO INR 48580
5000 AUD TO INR 242900
10000 AUD TO INR 485800
Send Indian Rupee Receive Australia Dollar From INDIA
1 INR FROM AUD 0.02
50 INR FROM AUD 1.03
100 INR FROM AUD 2.06
250 INR FROM AUD 5.15
500 INR FROM AUD 10.29
1000 INR FROM AUD 20.58
5000 INR FROM AUD 102.92
10000 INR FROM AUD 205.85

Click To Compare Money Transfer Services For The Following

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