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India has been the top in remittances received since 2008. In the year 2020, the country saw the remittances flow of 83 billion dollars. The currency of the nation is known as the Indian rupee, which translates as coin or silver in Sanskrit. In the ISO (International Organisation of Standardization) number used for Indian rupees is 356. Mahatma Gandhi has been featured on banknotes since the famous series was released by the Reserve Bank of India (RBI) in 1996.
In 2019, India was ranked 5th in terms of the total Gross Domestic Product, and ranked 11 in total imports including personal money transfers. Because of the high demand for Indian money transfers, the majority of major service providers offer reasonable exchange rates for INR to AUD Use our comparison engine to determine the most competitive rate for you.
If you're thinking of sending money to India from Australia there are a few key aspects to take into consideration.
The cheapest service we could find is SpeedRemit at a % above Mid-Market Rate.
If you're seeking the most efficient combination of speed, price and reliability, we suggest using SpeedRemit when you transfer the currency of AUD to INR.
This means that when you use SpeedRemit for money transfers online to India from Australia it is likely to reduce transfer costs and enjoy fast speed. This means that your recipient will receive more cash and get it delivered in a shorter amount of time.
To avoid paying high charges, it is recommended to look at the most economical option to ship the money from Australia in India.
SpeedRemit has been determined to offer you the most affordable rates possible to send money from Australia to India.
Get the Cheapest Rate & Sign Up for Price Alerts Australia to India
When you are sending money to India from Australia the speed of delivery is among the most important aspects to take into consideration when it comes to the service provided by various money transfer companies. At present, SpeedRemit is the fastest way to send money from Australia to INR.
Before you send money to India from Australia It is important to consider these things:
What amount do you would like to send: It is likely that the greater amount of money you transfer to India the greater amount you'll get in return and the more INR that the recipient will get. This is due to the fact that the flat fee is charged will end in a lower proportion of the transfer amount and also due to the fact that certain providers allow you to negotiate a lower exchange rate margin when you send large quantities.
The AUD-INR change rate rate: The money transfer companies pay a tiny portion above the mid-market rates of exchange to generate income. The current mid-market rates are 56.072671 and the most competitive exchange rate margin is currently provided by SpeedRemit at a % higher than the mid-market rate.
Hidden charges and fees: Before sending money to India be sure that the service you're using doesn't have any hidden charges. Our review of the top-rated service services SpeedRemit will provide you with an insight.
Your recipient will have a variety of ways to accept your money from India. The methods will differ between different providers however, you can discover services that can:• INR directly into a bank account. INR directly into an account at a bank
If your recipient intends to take the money sent by them to India the country, they'll usually require these items:• A government-issued I.D document like a Passport, Aadhaar card, or Electoral Photo Identity Card (EPIC)
What amount you obtain from Australia will be largely dependent on the money transfer provider you use. There are some providers who specialize in smaller remittances as well as those that specialize in large transfer amounts.
It is also important to determine whether there are any laws or rules regarding what amount in INR which can be received from India or transferred from Australia prior to making the transfer.
Starting precedents second to none
We offer clear and competitive rates and minimum charges across all our products and services. We’re upfront and transparent about charges and take great pride in providing our customers .
Our friendly Customer Support team is always ready and willing to tackle queries and ensure expert advice for smooth and safe transactions. As fully-trained professionals, they go the extra mile to resolve issues and provide.
To Grow the Agent Network to an acceptable level where Speed Remit can guarantee efficient customer services to its customers.
As mentioned earlier Speed Remit will be looking at shifting its Approach from “Push” to “Push & Pull”.
Acquiring Financial Institutions in potential countries or continents to increase our direct presence far and wide. Also, investing in convergent products like telecom etc.
Speed Remit service of excellence in the recent past has build an everlasting impact on its agents and customers.
More than a million customers vouch for us. You are just a remittance away from being a customer for life
Customer Service is great. They are doing wonderful job
Speed Remit's service quality is good and for Inquiry has a good performance (response). Professionalism and courtesy of the customer service is excellent all query were answer same time
Overall, I am satisfied with Speed Remit service"
Speed Remit has the cheapest sending charges in sending money to the Philippines among others that's why Filipinos are using it
I am very much contented with the service