Small transfers
Top ways to send money to India
Compare 20+ companies that send money to India from Australia.
Key takeaways
- Avoid traditional banks for India transfers as specialists often provide better exchange rates and lower fees.
- For urgent transfers, Instarem, Revolut and Wise can typically deliver funds to India within minutes.
- When sending over $5,000 consider specialists like OFX for improved exchange rates and valuable foreign exchange tools.
Fast transfers
Business transfers
Whether you're sending money to India for personal or business reasons, avoiding the banks is a good first step. Research by the ACCC verifies that the big four banks normally charge higher fees compared to specialised money transfer providers, which tend to provide more favorable INR exchange rates.
Based on the companies we've compared, Revolut is among the cheapest, with competitive exchange rates and fees starting from $0. Need a really fast transfer? Instarem can get money to your recipient in India within minutes.
Best ways to send money to India from Australia
The best way to transfer money depends on your payment method, how you want your money to be received and how fast you need it to arrive.
- Online money transfer provider. When buying Australian dollars or Indian rupees, money transfer specialists normally offer better rates and cheaper fees than a local bank. Providers add a markup ranging from 1% to 4% onto the INR mid-market rate.
- Bank transfer. Bank transfers are an easy way to send money to India but charge extra for the convenience and are often slower. The ACCC's foreign currency conversion services inquiry found the big four banks were "consistently more expensive than some other suppliers" for international transfers, and for common currencies "were never the cheapest option". Check your bank's current AUD/INR rate against the mid-market rate before you send.
- Cash pickup. If you need your money to arrive quickly, doing a cash pickup with Western Union gives your recipient instant access to the money sent when they collect it from their agent location in India.
- PayPal. PayPal is more known for digital payments but also allows users to transfer money overseas. They charge relatively expensive fees, making them only suitable for small transfers.
- Mobile wallet. Essentially an electronic wallet service, mobile wallets allow users to store, send and receive eligible currencies using their phone, often with fees attached.
Compare the best money transfer companies
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How we picked these
Finder Score for money transfer
We review money transfer providers for different features to assign them a score out of 10. The higher the score, the more competitive the product.
Cheapest way to send money to India
Specialist money transfer providers are typically cheaper than the big four banks. The ACCC's foreign currency conversion services inquiry found the big four "were consistently more expensive than some other suppliers" and, for common currencies, "were never the cheapest option". Use the comparison table above to see which providers currently charge the lowest fees on the Australia to India route.
When you're hunting down the cheapest ways, it's more important to look at the overall cost of your transfer. This has a couple of elements:
- Transfer fees. While still cheaper than your Australian bank, some money transfer services charge either a fixed or percentage-based fee for making your transfer.
- Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market AUD/INR exchange rate.
Some providers may charge the mid-market rate but add fees on top. Others may have low fees but apply a markup on the exchange rate. Also, check that the provider is on AUSTRAC's remittance sector register and, where it deals in financial products, holds an Australian financial services licence from ASIC. Registration is not a government guarantee that a provider is safe, so it is still worth reading the provider's terms.
Did you know
Inward foreign remittances to India grew by 26% to $112.5 billion in the latest financial year as reported by Goldman Sachs. According to the Australian Bureau of Statistics, 11.5% of Australia's outbound remittance flows to India.
Fastest way to send money to India
Actual transfer times from Australia to India can depend on several different factors including transfer amount, payment method and currency.
Here are some of the fastest average transfer speeds to India:
- Revolut - within minutes
- Instarem - within minutes
- Wise (TransferWise) - within minutes
Large money transfers to India
If you're making a sizable money transfer to India, consider using a provider such as TorFX or OFX to secure a better INR exchange rate and benefit from its expertise handling larger transactions.
Using a large transfer specialist can have the following advantages:
- Tax guidance. Large transfers to India may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on the Australian Taxation Office's latest advice.
- Foreign exchange tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in a more desirable INR exchange rate.
- Account manager. Some money transfer providers assign a personal account manager who can help and advise you on your transfer needs.
- Phone service. If you want to talk your transfer through with someone, companies like TorFX and OFX can provide support over the phone.
How to send money to India from Australia
To send money to India, you'll need the necessary documentation, your recipient's details and a way to pay.
- Compare your options.Use our table to find a money transfer provider that sends funds to India. One may be better for cash pickups while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site".
- Create an account.You'll need to give your name, address, contact details, proof of ID and method of payment.
- Provide your recipient's details.Enter your recipient's name and contact information. If you're sending straight to their Indian bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.
- Enter your transfer amount.Check you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total Indian rupees your recipient gets.
- Complete your transfer.Send your money transfer to India. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it too.
Top picks for sending money to India
Revolut - Best for small transfers
Revolut is our favourite app, providing great rates on smaller transfers and the UX is as user-friendly as they come. You can transfer up to $2,000 per month fee-free on the standard plan, so it's suited for small, regular transfers. Also, Revolut doesn't apply a transfer limit on most major currency pairs. Outside of money transfers, Revolut supports extra services such as travel money cards, crypto and share trading.
Why we picked Revolut for small transfers:
- Get the real rate during market hours
- Easy sign-up process and user-friendly app
- Among cheapest providers when we reviewed rates for converting AUD $1,000
- Trusted by 35+ million people globally
OFX - Best for large transfers
If you're sending more than $5,000 in a single transaction, we advise using a reputable provider with low exchange rate markups, good coverage and no transfer limits. OFX is just the type of service as they offer fee-free transfers above $10,000 and have been in business since 1998.
You'll get access to an account manager and forex tools to hedge your currency risk. Despite the positives, OFX can't compete with Revolut or Wise for transfers under $2,000 and only support bank transfers.
Why we picked OFX for large transfers:
- Great rates on transfers above $5,000
- Forex tools such as forwards contracts and spot transfers
- Australian owned and listed on the ASX
Instarem - Best for fast transfers
It was neck and neck in the transfer speed race but Instarem narrowly beat Wise to take top spot. As the name suggests - it specialises in making fast transfers.
With Instarem you can expect your money to arrive at your destination within minutes or on the same day. The delivery time varies depending on the currencies involved. But if you want to ensure an early arrival, pay with your debit or credit card for an almost instantaneous transfer.
Why we picked Instarem for fast transfers:
- Enjoy zero fees on your first transfer to India (has to be above $200)
- Transfers typically arrive instantly or on the same day
- Easy sign-up process and supports multiple payment methods
- Earn loyalty points on every transfer
Western Union - Best for cash pickup
Established in 1851, Western Union is a brand synonymous with international money transfers. With over 500,000 locations around the world, they've built a massive network to serve their customers. Western Union provides a convenient way to transfer money, have flexible transfer options and support a large number of countries. If you need to send cash to someone without a bank account, Western Union is among our top choices.
Why we picked Western Union for cash pickup:
- Make repeat transfers quickly to friends and family
- They transfer around $80 billion every year
Qantas Business Money - Best for business transfers
If you're doing business overseas, a service with fair exchange rates and perks like loyalty points could be an appealing option. Qantas is also powered by Airwallex and claims to be up to 70% cheaper than big banks.
Where they stand out is their Business Rewards program, you can earn 1 Qantas Point every $10 AUD equivalent on FX conversions. These points can be later redeemed to save money on hotels, flights, and other purchases. Should only take 1-3 business days to open an account if you have everything in order.
Why we picked Qantas for business transfers:
- Competitive exchange rates on business transfers
- Setup global accounts in 11 different currencies
- Virtual company card with 0% transaction fees
- Attractive business rewards program
Is now a good time to send money?
The Australian dollar bought 68.35 Indian rupees on 8 September 2026, based on the Reserve Bank of Australia's daily exchange rate table (statistical table F11.1). The rate moves every day, so treat that as a reference point only and check a live AUD/INR quote before you lock in a transfer.
The AUD/INR rate is set by Australian and Indian monetary policy, commodity prices and global risk appetite. Note that the Reserve Bank of Australia sets Australian interest rates only and has no influence on the rupee; it has held the cash rate at 4.35% since 12 August 2026. Because short-term currency moves are unpredictable, it is usually better to compare providers on total cost than to try to time the market.
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