Compare Australia Dollar to Indian Rupee For Sending Money to India from Australia

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Mid Market Rate

The mid-market rate is the midpoint between the buy and sell prices of two currencies.
Make money transfers and manage your account online 24 hours a day, 7 days a week from any device. XE Money has some best customer reviews we have ever seen, which shows that the users are satisfied with its services.
WorldRemit is an online money transfer service that provides international remittance services to expatriates and migrant workers

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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

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

Current Exchange Rate(Mid Market) :- 54.58 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 54.58
50 AUD TO INR 2729
100 AUD TO INR 5458
250 AUD TO INR 13645
500 AUD TO INR 27290
1000 AUD TO INR 54580
5000 AUD TO INR 272900
10000 AUD TO INR 545800
Send Indian Rupee Receive Australia Dollar From INDIA
1 INR FROM AUD 0.02
50 INR FROM AUD 0.92
100 INR FROM AUD 1.83
250 INR FROM AUD 4.58
500 INR FROM AUD 9.16
1000 INR FROM AUD 18.32
5000 INR FROM AUD 91.61
10000 INR FROM AUD 183.22

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