Money Transfer Companies from Australia to India

1. WorldRemit

Necessary money transfer information while send money to India using Worldremit -

Transfer Type Online
Pay-In Methods
Credit Card
Debit Card
Pay-Out Methods Transfer to all banks within 1-2 working days, including: SBI (State Bank of India), Bank of India, ICIC Bank, HDFC Bank, Union Bank of India, Punjab National Bank, Bank of Baroda, Yes Bank, IDFC Bank, Axis Bank, Canara Bank, Federal Bank, State Bank of Travancore, State Bank of Hyderabad.
Mobile Recharge Mobile airtime is added instantly to phones on: Airtel, Aircel, BSNL, Idea, Loop, MTS, Reliance, Tata Docomo, Tata Indicom, Uninor, Videocon GSM, Vodafone, Dish, Sun Direct, Tata Sky, and MTNL.
Fee 3.99 AUD till 1000 and 0.01 AUD above 1000
Speed 2-3 working days

PROS

Lower fees than you will find in banks

There is no minimum amount for your transfers

Convenient to send money to India online transaction makes it easier to send money

A good feature of WorldRemit is that they will send your recipient an SMS message when the transfer is initiated and give them the transaction number. You will receive a similar SMS once your beneficiary has collected the cash

CONS

Low maximum transfer amount

How to send money to India ?

1. How you want to send money to India: bank deposit or airtime top-up, and enter the amount so that you can transfer to all banks in 1-2 working days.

2. Fill your recipient's details:you can choose from a list of people you’ve sent to in the past, or add a new recipient

3. Now pay for the transfer:you and the recipient both will get notifications by SMS and email when the money is sent and received.

2. Transferwise

Necessary money transfer information while send money to India using Transferwise -

Transfer Type Online
Pay-In Methods Bank
Pay-Out Methods Bank
Fee A fee of 0.7% of the amount sent
Speed 3-5 days
Security
1. 2-factor authentication
2. Registered with the Financial Crimes Enforcement Network (FinCEN)
3. Standard HTTPS encryption safeguards

PROS

Easy process to sign up and initiate a transfer

It’s affordable

Offers better rates than many other providers

High daily transfer limits

CONS

Bank account transfers only

It's a Two-step process, firstly wire money to TransferWise and then deposits the money to recipient’s bank account

Need an SSN(Social Security Number) to send money

How to send money to India ?

1. Initiate your transfer by using the TransferWise website on a desktop, laptop, or mobile device.

2. Provide the recipient’s bank account details or an email address.

3. Enter the sending amount or the exact amount you want the recipient to receive. If you opt for a specific amount transfer, you have to pay an extra 3% deposit, in the event there is a fluctuation in the exchange rate.

4. Make your payment using any of the available methods.

Necessary money transfer information while send money to India using OFX -

Transfer Type Online
Pay-In Methods
Online
Phone
Agent
Speed 1 day

PROS

Multiple transfer options

No transfer fees

Wide range of currencies

CONS

Deliver funds using bank deposit only

Phone verification for new accounts

How to send money to India ?

1. Register an account with Ofx.

2. Enter personal details, address and occupation.

3. Verify your identity and log into your account.

4. You will get a rate quote.

5. Add the receiving account details.

6. Confirm the transaction.

7. Track the status of transaction.

Necessary money transfer information while send money to India using Travelex -

Transfer Type Online
Pay-In Methods Bank

Highlights -

1. Simple,fast & affordable.

2. Nearly 1,500 Travelex stores across the globe.

3. Great rates

4. Price promise

5. 24/7 emergency assistance.

How to send money to India ?

1. Choose your currency.

2. Choose the method of receiving.

7. Pay for your money transfer.

5. Money2Anywhere

Necessary money transfer information while send money to India using Money2Anywhere -

Transfer Type Online
Pay-In Methods Bank Account
Pay-Out Methods
Bank Account
Cash Pickup
Fee Lower fee than banks
Speed 3-5 days

PROS

Best exchange rates

Multiple payment options

Safe and secure

CONS

Transfers for certain countries can be expensive

6. Remit2India

Necessary money transfer information while send money to India using Remit2India -

Transfer Type Online
Pay-In Methods
ACH transfers
Wire transfers
Pay-Out Methods ACH transfers
Fee Lower fees than banks
Speed 1-2 days

PROS

Offers 24/7 customer support

Competitive exchange rates

Got the most out of your transfer

CONS

Services limited to India

How to send money to India ?

1. Register account.

2. Complete your personal information.

3. Choose your receiver country and currency.

4. Complete all fields regarding your recipient's detail

5. Complete transaction and track status.

7. Western Union

Necessary money transfer information while send money to India using Western Union -

Transfer Type
Online
At agent locations
Pay-In Methods
Bank account
Credit/debit card
Pay-Out Methods
Bank
Cash
Fee Fee varies according to payment methods
Speed 3-5 days

PROS

More than 500,000 agent locations around the world

Multiple transfer and pick up options

Safe and secure

CONS

Low maximum transfer amount

How to send money to India ?

1. Set up a free account.

2. Log into account and initiate transfer.

3. Choose your payment method.

4. Fill recipient’s name and contact information.

5. If sending to a bank account, you’ll need the bank name and account number. If you’re sending a prepaid card for home delivery, you’ll need the address and phone number.

6. Fill your contact information.

7. Complete the transaction

Necessary money transfer information while send money to India using Kotak -

Transfer Type Online
Pay-In Methods Bank
Pay-Out Methods Bank
Fee Free
Speed 1-2 days

Highlights-

Avail attractive exchange rates

No transaction charges on your transfers

Multiple options to deliver the money to your receiver

Transfer to Kotak Mahindra Bank Accounts or Transfer to accounts held with over 100 banks in India or deliver by Demand Draft

Track the status of the transfer in your Click2Remit account

Necessary money transfer information while send money to India using ICICI -

Transfer Type Online
Pay-In Methods Bank
Pay-Out Methods
Bank
Cash Card
Fee Free
Speed 3-5 days

Highlights-

Money2India service facilitates money transfers to India from 9 countries and currencies

Firewall (virtual electronic fence that prevents unauthorized access to the ICICI Bank server)

128 bit Secure Socket Layer (Security technology that ensures all information exchanged is confidential.)

10. YesRemit

Necessary money transfer information while send money to India using YesRemit -

Transfer Type Online
Pay-In Methods Bank
Pay-Out Methods Bank
Fee Free with fixed rate transfers
Speed 2-3 days
Security

When you pay through YES Remit, the money is transferred through the Electronic Clearing System (ECS) in your sending country to the designated account held and operated by YES BANK. Thus, the money always moves within the banking system. All transactions and information exchanges happen on fully secure encrypted lines and your data is stored on servers that are protected by advanced firewalls which have undergone extensive security tests

Highlights-

Rated as the BEST BANK IN INDIA* and has a rich tradition of providing state-of-the art banking services with high degree of reliability and commitment to customers

The YES Remit service can be availed by any individual (at least 18 years of age) for personal money transfer needs in India, from the serviceable countries

How to send money to India ?

You need to follow the below steps to send money to your loved ones using the Indicative Rate Transfer option available on YES Remit:

1. Login to YES Remit.

2. Add a new Beneficiary or select an existing Beneficiary.

3. Add sending amount, select the Purpose of remittance and click submit.

4. After submitting the request, you will receive a Transaction reference number and account details to which you need to send money.

5. Now, login to your overseas Bank's online banking account.

6. Initiate a fund transfer for the same amount (as you have booked on YES Remit) to the YES BANK account mentioned in payment details.

7. Kindly input the Transaction reference number in the free text field/description field .

11. OrbitRemit

Necessary money transfer information while send money to India using OrbitRemit -

Transfer Type Online
Pay-In Methods Bank
Pay-Out Methods
Bank
Speed 1-2 days

Highlights-

Keep track of your money

Great rates

Fixed rates

Customer service

Recurring transfer

Simple to use

Safe and secure

Quick turnaround

Mobile apps

How to send money to India ?

1. Create an account.

2. Choose a country, delivery method and enter recipient’s name.

3. Choose an amount and pay securely with your credit/debit card or with bank transfer.

4. Check all transfer details and confirm payment

Necessary money transfer information while send money to India using Xendpay -

Transfer Type Online
Pay-In Methods
Bank
Credit Card
Debit Card
Pay-Out Methods Bank
Fee 5.00 AUD
Speed 1-2 days

PROS

Pay what you want

It’s secure. Xendpay is registered with the UK’s Financial Conduct Authority

Competitive exchange rates. Xendpay’s rates are often stronger than banks and other services

iPhone app. Allows transfers from iOS mobile devices

CONS

Limited delivery options.

Limited no-fee intro.

Long transfer speeds.

No recurring payments.

How to send money to India ?

1. Set up a free account on Xendpay.

2. Enter the sending amount and your recipient's country.

3. Enter your recipient’s detail.

4. Pay with a debit card, credit card or bank transfer.

5. Confirm your transfer

13. RemitWisely

Necessary money transfer information while send money to India using RemitWisely -

Transfer Type Online
Pay-In Methods Bank
Pay-Out Methods Bank
Fee Lower fee than banks
Speed Instant

Highlights-

A platform that is simple and easy to learn

RemitWisely does not make your financial data visible to anyone without authority to a member’s account

You can book in a same-day bank transfer to your beneficiary via the Bank Priority option. System has added 2FA feature to prevent fraudulent transactions by hackers through a token generated code that only verified customers know. You can enable this feature on your account settings

How to send money to India ?

Choose the service: Select the country and enter the amount to send.

Enter recipient details: Fill in complete recipient details for a successful transfer.

Review your transfer: Review the details of your transaction.

Pay securely: Proceed to pay your transfer using secure funding methods.