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Monito compares 17 providers offering money transfers to India from Australia.
To transfer Australian dollars to a bank account in Indian rupees in India, the most competitive option is currently Remitly, with zero transfer fees and a very competitive AUD-INR conversion rate (currently at 1 AUD = 53.27 INR).
When taking the exchange rate and the fees into account, the total cost of your transfer with Remitly is -2.3 AUD, compared to that, you would pay a total cost of 40.3 AUD (which is roughly -18x as much) if you were to use Commonwealth Bank for the very same transfer.
The recipient of your transfer doesn't have a bank account? No problem, we compare 1 providers able to send Indian rupees for cash pick-up in India: the most competitive option currently is Remitly, with no transfer fees and a competitive AUD-INR exchange rate (currently at 1 AUD = 53.27 INR).
This recommendation was updated a few minutes ago.
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Here’s how you send money to India from the Australia at the best rate:
A good rule of thumb 👍🏼: never send money from Australia to India with banks or cash-based money transfer services. They offer a poor AUD-INR exchange rate, which means that a huge cut of your money did not arrive with your beneficiary in India.
Here are the best way to exchange Australian dollars for rupees at this moment depending on your specific transfer needs:
It is not possible to make a money transfer from Australia to India anonymously at this time. You need to be able to provide your name and information in order to make a transfer, as well as your beneficiary’s banking information, as India does not allow for cash pick ups or mobile top ups at this time and requires individuals to have a bank account in order to receive money.
While it isn’t always possible to send money internationally without fees, Monito sometimes has agreements with transfer providers who will exempt you of fees on your first transfers. If you’re transferring money from Australia to India and don’t want to pay any fees, WorldRemit exempts you of fees on your first three transfers made through Monito. When that isn’t possible, Monito’s comparison tool will always help you to find the transfer provider with the smallest fees when sending money from Australia to India.
The transfer providers who have the best mobile apps and transfer to India are Remitly, Skrill, Transferwise, WorldRemit, and CurrencyFair.
The fastest ways to send money to India from Australia are with providers like Skrill and WorldRemit who offer same day delivery.
Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.
Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.
Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.
Monito is not a money transfer company. We’re here to help you find the best way to send money to India.
To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.