Send money to India from Australia: compare rates, fees and speed
NRIs in Australia can send money to India via Wise, Remitly, Australian bank wire or specialist services. AUD-INR varies by provider — a 1% spread difference on AUD 5,000 costs around AUD 50. Compare total INR received, not just the exchange rate headline.
Wise typically beats Australian bank rates for AUD-INR
For AUD-to-INR transfers from Australia, Wise typically offers the mid-market rate with a transparent fee and beats Australian bank wire rates (ANZ, CommBank, Westpac) which apply a 2–3% spread. OFX and TorFX are worth checking for amounts above AUD 10,000.
Key points
- Banks apply large spread — ANZ, CommBank and Westpac typically apply a 2–3% spread on AUD-INR — significantly worse than Wise or Remitly.
- AUD is a commodity currency — AUD correlates with iron ore and commodity prices — AUD-INR can move independently of USD-INR.
- OFX for large transfers — For amounts above AUD 10,000, OFX and TorFX offer competitive rates with no flat transfer fee.
How to compare AUD-INR providers
Note the current AUD-INR mid-market rate. Enter the same AUD amount on Wise, Remitly and your Australian bank's international transfer page.
For amounts above AUD 10,000, also get a quote from OFX or TorFX — specialist brokers often beat the apps for large transfers.
Australian bank vs online provider
ANZ, CommBank, Westpac: typically charge AUD 20–32 fee plus a 2–3% spread. Convenient for existing customers but costly.
Wise: mid-market rate with transparent fee — typically 0.5–0.8%. Best overall for most transfer sizes.
Remitly: flat fee plus small spread; express is faster but costs more.
OFX / TorFX: no flat fee, competitive spread for amounts over AUD 10,000.
Frequently asked questions
Is there a limit on sending money to India from Australia?
AUSTRAC requires reporting of international transfers above AUD 10,000. India has no inward remittance cap. Providers apply their own due-diligence for large amounts.
Can I send AUD to an NRE account in India?
Yes. NRE accounts accept inward remittances including AUD. Compare the bank conversion rate with a Wise transfer to see which delivers more INR.
How do I monitor AUD-INR for a good transfer window?
Monitor AUD-INR via Google Finance. USD-INR on NRI Desk is a correlated indicator — AUD and USD often move together against INR.