Transfer Money to India From Australia

Yes definitely! However, sending money overseas through your bank is not advisable, as local banks typically have more expensive rates and transfer fees. This is because they have a physical storefront and staff, and they add these costs to their money transfer rates.

In comparison, online money transfer like OFX will give you better rates and charge less to send cash. They are also highly convenient, as you can do it in the comfort of your own home.

There is no best day to send money. Movement in foreign exchange rates depends on the global demand and supply of goods and services, as well as political and economic factors. So if you’re planning to send money to India, now is the best time!

In most cases, it is cheaper to send money to India in Australia before you head overseas. Additionally, you could get better rates if you send money to India online.

Online money transfers to India are generally cheaper. Money changers with a retail store have to pay for rent, staff, and insurance, which increases the cost of these additional third-party charges. Some physical money changes may also not have the currency you’re after, making it difficult to change money.

We recommend online money transfers if you’re looking to change money into Indian Rupee.

If you’re looking to send money to India or make any international transfers, OFX is a highly simple and convenient choice.

To begin, you’ll need to create a free account with OFX, or log in if you already have one. Once logged in, you can request a live quote for your transfer, which shows exactly how much your recipient will receive after fees and currency conversion.

Once you have all the necessary banking information for your recipient, enter your payment details and specify the amount you wish to send. OFX will automatically calculate the currency exchange amount into Indian Rupee, and you can see their transparent fee structure.

The most cost-effective way to send money to India locally is usually via an online banking transfer using OFX. Unlike traditional banks, OFX applies a small, transparent margin on the exchange rate instead of charging high hidden fees. This makes your cost to send money much cheaper.

With OFX, there are no strict minimum or maximum limits for personal transfers. This makes it easy to send larger amounts for tuition, property, or business purposes. Additionally, OFX gives you fee-free transfers when you send more than AU$10,000 (or any foreign currency equivalent).

However, your local bank may require additional verification for certain larger amounts.

If you’re looking for the cheapest way to send money to India, then bank transfers are the best method. If you’re looking for the fastest way, then credit or debit cards are your go-to. OFX’s platform combines competitive exchange rates with secure, reliable transfers, ensuring your money reaches the recipient safely and efficiently, regardless of the method you choose.

Transfers using credit or debit cards tend to be the fastest delivery method to send money online. These transfers often arrive at the recipient’s overseas bank within one business day or even the same day, compared to bank transfers, which can have delays.

Delivery speeds for international money transfers using OFX take between one and two business days, depending on the currency, transfer method, and recipient bank. Large transfers may require additional verification, which could add a little extra time, but OFX keeps you informed throughout the process.

Yes, sending money to India with OFX is a highly secure process. The platform uses bank-level encryption, secure logins, and transaction monitoring to protect your funds and personal information. Additionally, OFX is a regulated financial institution, giving you peace of mind that your money is in safe hands.

You’ll need your recipient’s Bank Code (BIC/SWIFT) and Indian Financial System Code (IFSC). OFX does not need your recipient’s email address or mobile number.

To transfer money in person to India, you can head to a money changer near you. Here are our local city guides to find the best exchange rate:

• Sydney – The best rates and competitive transfer fees in Sydney are found on Pitt Street, George Street or occasionally in Haymarket.
• Melbourne – Money changers are located near Flinders Street Station in Melbourne, with the exception of United Currency in QV.
• Adelaide – Most money transfer locations in Adelaide are located on King William Street.
• Perth – You can send money through Ria Money Transfer, located in Morley, and Hai Ha Money Transfer in Girrawheen.
• Brisbane – All the best places to send money internationally are located in the CBD, although they are spread out.