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.
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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