Send Money to India from Australia at Best Exchange Rates Today

Highest remittance rate for converting Australia Dollar to Indian Rupee is 1 AUD = 49.4 INR

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Compare Best Way to Transfer 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, transfer 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.

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BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee $ 2.5) $ 502.5
Receiving Amount
₹ 24825
Realized Exchange Rate
49.4
instarem AUD to INR Exchange Rate
49.65
Best Value

SEND NOW

Transfer Time :
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 49.65 with a $ 2.5 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 49.4. 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 . For more detailed review of Instarem click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 3.99) $ 503.99
Receiving Amount
₹ 24505
Realized Exchange Rate
48.62
worldremit AUD to INR Exchange Rate
49.01
1.58% vs Best Value

SEND NOW

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 49.01 with a $ 3.99 fee. Based on the Exchange Rate IQ calculations it offers 1.58% less than the best value for your money transfer. The realized exchange rate after considering the fees is 48.62. The pay in options available are Creditcard, Debitcard, also you can receive money using Bank, 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
₹ 24680
Realized Exchange Rate
49.36
currencyfair AUD to INR Exchange Rate
49.36
0.08% vs 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 49.36 with a ₹ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.08% less than the best value for your money transfer. The realized exchange rate after considering the fees is 49.36. 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 $ 0) $ 500
Receiving Amount
₹ 24625
Realized Exchange Rate
49.25
remitmoney AUD to INR Exchange Rate
49.25
0.3% 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 49.25 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.3% less than the best value for your money transfer. The realized exchange rate after considering the fees is 49.25. 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 $ 0) $ 500
Receiving Amount
₹ 24580
Realized Exchange Rate
49.16
icici AUD to INR Exchange Rate
49.16
0.49% vs Best Value

SEND NOW

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 49.16 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.49% less than the best value for your money transfer. The realized exchange rate after considering the fees is 49.16. 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 $ 0) $ 500
Receiving Amount
₹ 24535
Realized Exchange Rate
49.07
kotak AUD to INR Exchange Rate
49.07
0.67% vs Best Value

SEND NOW

Transfer Time : 1-2 Days
Kotak is a one of the safest & leading money transfer service provider for sending money from Australia to India for sending amount 500. Today’s Kotak exchange rate for sending money from AUD to INR is 49.07 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.67% less than the best value for your money transfer. The realized exchange rate after considering the fees is 49.07. The pay in options available are Bank, also you can receive money using Bank, at multiple Kotak partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Kotak click here
2 More Options Available

You Pay
(Sending Amount + Fee)

Exchange Rate
(kotak / Realized)

Receiving Amount
(Receiving Amount)

$ 500
Pay-In :
49.07 / 49.07
2-3 Days
₹ 24535
Pay-Out :
$ 500
Pay-In :
49.07 / 49.07
3-5 Days
₹ 24535
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 3.41) $ 500
Receiving Amount
₹ 24675.56
Realized Exchange Rate
49.02
transferwise AUD to INR Exchange Rate
49.69
0.77% vs Best Value

SEND NOW

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 49.69 with a $ 3.41 fee. Based on the Exchange Rate IQ calculations it offers 0.77% less than the best value for your money transfer. The realized exchange rate after considering the fees is 49.02. The pay in options available are Bank, 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 $ 0) $ 500
Receiving Amount
₹ 24505
Realized Exchange Rate
49.01
orbitremit AUD to INR Exchange Rate
49.01
0.79% vs Best Value

SEND NOW

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 49.01 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.79% less than the best value for your money transfer. The realized exchange rate after considering the fees is 49.01. 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 $ 0) $ 500
Receiving Amount
₹ 24500
Realized Exchange Rate
49
yesremit AUD to INR Exchange Rate
49
0.81% 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 49 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.81% less than the best value for your money transfer. The realized exchange rate after considering the fees is 49. 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 :
49.27 / 48.98
2-3 Days
₹ 24635
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 5) $ 505
Receiving Amount
₹ 24735
Realized Exchange Rate
48.98
quickremit AUD to INR Exchange Rate
49.47
0.85% vs Best Value

SEND NOW

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 49.47 with a $ 5 fee. Based on the Exchange Rate IQ calculations it offers 0.85% less than the best value for your money transfer. The realized exchange rate after considering the fees is 48.98. 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 $ 3.99) $ 503.99
Receiving Amount
₹ 24510
Realized Exchange Rate
48.63
remitly AUD to INR Exchange Rate
49.02
1.56% vs Best Value

SEND NOW

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 49.02 with a $ 3.99 fee. Based on the Exchange Rate IQ calculations it offers 1.56% less than the best value for your money transfer. The realized exchange rate after considering the fees is 48.63. The pay in options available are Creditcard, Debitcard, 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
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 500
Receiving Amount
₹ 23425
Realized Exchange Rate
46.85
ofx AUD to INR Exchange Rate
46.85
5.16% vs Best Value

SEND NOW

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 46.85 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 5.16% 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
World First is a UK-based foreign exchange company. It offers currency exchange and international payments to private clients, corporate and e-Commerce clients in the UK and a number of other countries.
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
Hifx make moving money around the globe easy and great value.
RemitWisely provides money transfer or remittance services from Australia to over 200 countries in the world with 30+ currencies in one platform.

Money Transfer Summary

By Exchangerate IQ
  • Instarem offering best value with the highest realized exchange rate today.
  • the fastest money transfer service to send money from Australia to India.
  • Offers are available on Instarem, Worldremit, Currencyfair, Remitmoney, Icici, Ofx money transfer services.
  • Available pay in when sending money from Australia to India Bank, Creditcard, Debitcard.
  • Available pay out when sending money from Australia to India Bank, Cashcard.
  • 12 money transfer services are available to send money from Australia to India.
  • The comparison result was last updated on Apr 23, 2019.
  • Money transfer guide for "India" leads you to get better understanding of compare remit.
  • Check Xendpay, Worldfirst, Travelex, Moneygram, Hifx, Remitwisely also when sending money to India from Australia.These money transfer services might support it.
  • For the latest comparison result of Australia to India, Please visit ExchangeRate IQ regularly.

How to find the best money transfer to India from Australia?

Australia to India money is a highly competitive transfer corridor as NRIs living in Australia transact with their families. A lot of banks and money remittance companies are offering these services which offer multiple offers to provide discount and best exchange rates. The major question arises that after seeing competitive exchange rates is which company you should pick to transfer funds from Australia to India.

A lot of banks, MTOs and startups are offering these services to customers with multiple offers and benefits. Due to this competition, consumers now have a large number of choices and negotiating power. But again the question arises is which is the “best money transfer company” according to your needs and requirement of the recipient. So, here are a few base points which you should consider before transferring Australian Dollar to Rupees:

  1. Speed: How soon you want your money to reach the recipient? If you want to transfer money faster, you can use cash pickup services of WorldRemit which provides the instant transfer. While, if you have no emergency, then you can use services of CurrencyFair, QuickRemit and InstaReM, which will deliver money in 2-3 working days.
  1. Exchange Rate: The companies offer different exchange rates depending on the fees they are charging and their margin of profit. For example, CurrencyFair let you choose your own exchange rates as per the availability of transferee from another country. Besides this, other companies offer a bit lower rates comparing to live market rates and lock-in so that the same amount will be received by the recipient.
  1. Fees and Other Taxes: There are taxes levied on every transfer depending upon the policies of both the countries which will be deducted from the amount paid. The fee is charged by companies on different types of transfers. Before transferring, first, watch out that you will not end up paying more than you should.
  1. Transfer Convenience: If one can transfer in an easy way without any support of customer assistance, then the company is considered as highly convenient. You can make transfers online without physically visiting its office. In the era of digitalization, mobile apps are also necessary which can ease the transfers anytime anywhere. CurrencyFair, WorldRemit, and InstaReM are offering their mobile apps, while QuickRemit has no mobile app.

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.

Money transfer from Australia to India FAQs

How long does an international money transfer to India take?

Most take three to five working days, although some services can transfer funds in a couple of hours. Money order, cheque and demand draft can even take up to two weeks. Always check with the transferring company before you send your money.

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. A lot of Indian banks like ICICI, SBI, Axis, Kotak, and YES Bank also offer online remittance services.

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, ACH payments, and online transfer.

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. They deduct their costs & profits from the Mid-market exchange rates.

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. 

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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