Best way to send: Wise
We tested & reviewed 11 money transfer companies offering services between India and Australia, and Wise scored highly.
In total, Wise appeared in 71.3% of India to Australia searches, and was the top rated company out of 11 that support transfers into Australian Dollar.
So for a great mix of cost, speed & features, make your India to Australia transfer using Wise.
How to compare companies offering money transfers from India to Australia
What to consider ahead of money transfers from India to Australia
Comparing based on your specific needs is the best way to send money from India to Australia with confidence.
Our analysis, and search results, include 11 providers that operate between India and Australia. These are ranked by speed, overall cost and ease of use.
Through this, you get a comprehensive view of all the options you have in India when you need to send money to Australia.
Cheapest way to transfer money from India to Australia: TorFx
Our data shows TorFx is 0.4% cheaper than the second-best option. The company offers an average fee of 0* INR and an average exchange rate between INR and AUD that is 0.76% different to the mid-market rate.
For a cheap way to send INR to Australia, TorFx is a great all round choice.
*The most common fee applied to INR-AUD by TorFx, based on data from the past six months.
Fastest way to transfer money to Australia from India: Ria Money Transfer.
Through our data, we found Ria Money Transfer to be the fastest option for sending money from India into Australian Dollar in 53.7% of occasions. For fast INR to AUD money transfers, Ria Money Transfer comes highly recommended.
India to Australia transfers with Ria Money Transfer have an average fee of 4 INR.
To test that Ria Money Transfer was the 'fastest' option we compared 11 providers. With this, we compared overall speed of sending money from India to Australia made up of depositing Indian Rupees, to a money transfer account and transfer times to Australia.
When sending at speed is a priority, Ria Money Transfer is our recommended choice for sending into Australia from India.
Send large sums of money
Wise offers the strongest all round option for large transfers of the 11 money transfer companies compared.
Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from Australian Dollar to Australian Dollar.
As such, opt for Wise for sending large sums of money to Australia from India.
Understanding the cost of transferring money to Australia from India
Fees and exchange rates make up the total cost of sending money from Australia to Australia. Finding a company that can offer both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: The current INR-AUD mid-market rate is 0.0183 AUD per Indian Rupee. You will get more Australian Dollar for your Indian Rupees if you find a provider close to this number.
For context, over the last three months the INR-AUD mid-market rate has had a high of 0.0184, a low of 0.0173 and averaged 0.0178 AUD per Indian Rupee.
Across the 11 companies compared, the best exchange rate is with Wise.
Unless fees are unusually high, the exchange rate you receive on converting INR to AUD will be the biggest determining factor when working out the cost of transferring Indian Rupees to Australia.
Fees: Transfer fees are charged as part of the transfer. TorFx at an average of 0 INR per transfer over the last 6 months, offers the lowest fees overall. We’d always recommend comparing providers for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount of Australian Dollar eventually received in Australia. You can assume that a lower cost of sending from India will result in more money received in Australia.
Getting the best exchange rate for Indian Rupee to Australian Dollar
Tracking the mid-market rate can make a huge difference when sending money INR to AUD. The exchange rate you secure impacts how much AUD you get for your INR.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from INR to AUD has seen some fluctuation. On average, it has been 0.0178.
During this period, the highest value level was 0.0184, with a low of 0.0173.
Wise, which is our recommended service to send money online from India to Australia offers an exchange rate that is only 0% above the mid-market rate.
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Paying for your India to Australia transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Australia and India.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from India to Australia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to AUD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.