Send Money from Australia to India
Compare regularly updated AUD → INR rates from 17+ providers. No hidden fees.
Why People Send Money Australia → India
Australia has one of the largest and fastest-growing Indian communities outside India — over 800,000 people of Indian origin live in Sydney, Melbourne, Brisbane, and Perth. Students, IT professionals, and permanent residents regularly send money home for family support, property investments, and education fees. The AUD→INR corridor is one of Australia's highest-volume remittance routes.
Pro Tip: PayID Transfers Are Free
Most Australian providers accept PayID funding at zero cost. Linking your Australian bank account via PayID (your mobile number or email) is the cheapest and fastest way to fund an international transfer from Australia.
How to send money from Australia to India
- Compare current AUD→INR rates: Use the comparison table at the top. Focus on the INR amount your recipient receives — the exchange rate spread is typically 5–10x the impact of the fixed fee for most transfer amounts.
- Sign up for a free account: Australian providers require a passport or driver's licence. Full verification is usually completed within minutes using automated identity checks.
- Enter IFSC and account details: You need your recipient's 11-character IFSC code (identifies the specific bank branch), account number, and name. The IFSC can be found in the recipient's banking app or on a cheque leaf.
- Fund via PayID or bank transfer: PayID (via NPP — New Payments Platform) is instant and free for most Australian bank accounts. BPAY is slower but widely supported. Debit card funding is available but may cost slightly more.
- Confirm and receive updates: After confirming, you will receive an estimated delivery time and tracking. Transfers funded before 3pm AEST typically arrive the same business day for major Indian banks.
What to know
IFSC codes — what they are and where to find them
IFSC (Indian Financial System Code) is an 11-character alphanumeric code uniquely identifying every Indian bank branch. The first 4 letters are the bank code (e.g. HDFC, SBIN, ICIC), the 5th character is always 0, and the last 6 identify the branch. Find it in the banking app, on a cheque leaf, or on the Reserve Bank of India's IFSC lookup tool online.
AUSTRAC regulations
AUSTRAC (Australian Transaction Reports and Analysis Centre) oversees international money transfers from Australia. All providers are required to be registered with AUSTRAC. Transfers above AUD $10,000 must be reported — this is handled automatically by your provider. You may be asked to declare the purpose of the transfer for larger amounts.
Best Indian banks for receiving international transfers
HDFC, ICICI, Axis, and State Bank of India (SBI) process international transfers quickly — often within a few hours of dispatch. Public sector banks (Bank of Baroda, Punjab National Bank) sometimes take longer. If your recipient has a choice, HDFC or ICICI tend to offer the fastest processing for inward remittances.
For Australia-to-India transfers, Wise is consistently top-rated — it uses the real AUD/INR mid-market rate with a small transparent fee (typically 1–1.5%). WorldRemit is the best choice for same-day transfers and has a strong promotional offer for first-time senders. Western Union is worth checking for promotional rates, especially around Indian festivals. For large transfers (above AUD $5,000), OFX and TorFX often beat the major providers on the exchange rate. Money2India (ICICI Bank) is excellent if your recipient banks with ICICI.
FAQs
How long does a transfer from Australia to India take?
Most major providers (Wise, WorldRemit) deliver to Indian bank accounts within 1–2 business days. Same-day delivery is often available if you fund the transfer before noon AEST. Traditional bank wire transfers take 3–5 business days. Cash pickup is usually within minutes.
What is the best AUD to INR exchange rate?
The mid-market rate is the reference — any provider charges a margin above it. Wise typically offers a 0.5–1.5% margin over mid-market. Use our live comparison table to see today's best rate for your specific amount, as rates change daily and vary significantly between providers.
Can I send money to India via PayID from Australia?
You use PayID to fund your transfer (i.e. pay the Australian provider), not to send directly to India. PayID is an Australian domestic payment system. Once your provider receives the AUD, they convert it and send INR to your recipient's Indian bank account via RTGS or NEFT.
What is the IFSC code and where can I find it?
IFSC (Indian Financial System Code) is the 11-character code that identifies the specific branch of an Indian bank. Your recipient can find it in their mobile banking app, on a bank statement, on a cheque leaf, or by searching the bank's website. Without the correct IFSC, the transfer will be returned or delayed.
Are there taxes on money sent from Australia to India?
In Australia, sending your own after-tax money is not a taxable event. In India, remittances received from a close relative (spouse, siblings, parents, children) are not taxable. For non-family transfers or investments, FEMA regulations in India may apply. Consult a CA for amounts above ₹7 lakh.
What is the maximum I can send from Australia to India?
Most providers allow AUD $10,000–$50,000 per transfer for verified accounts. Wise and OFX support up to AUD $1,000,000 for fully verified accounts. AUSTRAC reporting applies to transfers above AUD $10,000, handled automatically by your provider.