Find the Best Way to Transfer Money to India
To find the best way to transfer money to India, you should compare your options. Even before you do that, it's important to understand how it actually works.
How to transfer money to India from Australia
While each bank and money transfer service is different, you will always need to follow these steps to transfer your money safely and quickly:
- Setting up an account usually takes 5-10 minutes and make sure you have some I.D. on hand
- Enter the bank details of the person or company you are sending the money to
- Pay for your transfer using a card or bank transfer
Now that you know how to transfer money to India, you can compare your options. We understand, this isn't easy.
Every bank and money transfer company offer different exchange rates and fees depending on how much you want to send.
That's why using our table compares the total cost of the transfer, based off the amount of your transfer.
Fee Free Offer
The Currency Shop has partnered with WorldRemit to offer 3 fee free money transfers. Click on this offer, register your details and avoid paying a fee to transfer money overseas.
- Zero fees on your first THREE money transfers
- Send money with WorldRemit using the code '3FREE' and pay no fees on your first three money transfers
- Valid until 31st March 2020
- Bank transfers only. Does not apply to cash pick-up or airtime
- Receiving or intermediary banks may charge fees on transactions
Learn More About WorldRemit
How to find the cheapest way to transfer money from Australia to India
Banks and money transfer services will offer different exchange rates and fees depending on your amount. To find the cheapest option, you really need to compare the total cost of the transfer based on your amount.
1
2
3
We compare the most trusted brands
Keeping your money safe
We've made sure that all the money transfer services and banks you compare are safe. Each company:
- Is regulated in Australia and India
- Holds an appropriate financial services license
- Have strict privacy policies
The fastest way to find the smartest deal
$140.4M saved &
counting
More than 2.3 million satisfied visitors have saved over $140M on currency so far.
Never get ripped
off again
We've partnered with the largest, safest and most trusted money currency brands in the world.
No added costs,
no mark up
Our referral fees don’t affect what you pay. Our exchange expertise is 100% free.
Make smarter
decisions
Explore our growing currency resources and make confident buying decisions.
More helpful information, tools and videos
Here at The Currency Shop, you’ll learn how to save on transfer fees when sending money overseas from Australia.
We have fast and easy guides and tools including:
Knowledge centre
for everything you need to know about converting and sending money abroad.
Currency converter
to find today’s exchange rates.
Money transfer comparison tool
to find the cheapest rates and lowest fees.
Frequently Asked Questions about Sending Money to India from Australia
How do I transfer money to an Indian bank account?
1
2
3
What information do I need to make a transfer?
To send money to India from Australia, you’ll normally need the following information:
- Your name, address, identity verification and payment details.
- The name and address of the beneficiary or recipient you’re sending money to.
- The recipient’s bank account details including the name of the bank and account number.
- In all cases you will need to provide the BIC or SWIFT code.
How long does it take to send money to India?
It depends on the provider you choose, how you pay for the transfer and how the recipient wants to get the money. Most money transfers to India via a specialist provider will take 0 to 2 days.
How can I pay for my money transfer to India?
Depending on your provider, there are several different ways to pay. Many providers accept direct bank transfers, wire transfers, or debit or credit card payments. They may charge a small additional fee, depending on how you decide to pay.
Is it safe to use The Currency Shop to compare?
Yes. The Currency Shop holds an Australian Financial Services Licence (462269) and is a member of the Financial Ombudsman Service. We closely vet our providers and only partner with the largest, safest and most trusted money transfer companies in the world. That just makes sense.
How does The Currency Shop make money?
The Currency Shop does not charge you. Instead, we receive a referral fee from the banks and money transfer companies that we are partnered with. This does not affect the price you pay.
Your currency knowledge centre
5 Cheaper Ways to Transfer Money Overseas
Using a bank is one of the easiest ways of transferring money overseas, but can also be the most costly. There are alternatives that can make the whole process cheaper.
- Read more ⟶
- 2 min read
International Money Transfer Comparison and Reviews
Find the best international money transfer exchange rates to send money overseas from Australia. Compare the rates and fees from leading banks and money transfer services.
- Read more ⟶
- 6 min read
How to Transfer Money Overseas from your Australian Bank Account
Transferring money overseas from your Australian bank account is simple once you know how to do it, but you might be short on time to figure it out.
- Read more ⟶
- 5 min read