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.
Like all reputable money exchanges, we are registered with AUSTRAC and regulated by the Australian Securities and Investment Commission (ASIC).
S Money complies with the relevant laws pertaining to privacy, anti-money laundering and counter-terrorism finance. This means you are required to provide I.D. when you place an order. It also means the order must be paid for by the same person ordering the currency and you must show your identification again when receiving your order.
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