Send Money from India to Australia

In this era of globalisation, we all have relatives scattered across the world. Foreign education is also becoming increasingly popular. Want to transfer funds to your children as they pursue their education? Or gift a loved one some funds? digibank Remit makes it easy for you to transfer money from India to Australia. With digibank, it is rapid, paperless and hassle-free.

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Benefits

Key benefits of online overseas transfer:

Transfer Completed Within the Day

If you initiate the transaction process before the cut-off time (check table), your money will be delivered within 24 hours.

Zero Fees for Transactions

There are no fees when you transfer money from India to Australia. The recipient of the funds will not be charged either.

Preferential Exchange Rate

We offer economical exchange rates when you transfer money to Australia and other countries.

Guaranteed Full Credit Delivery to Your Payee

We ensure the delivery of the entire credit amount to your beneficiary when you transfer money from India to Australia.

 

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Know the Cost

Through digibank Remit, we offer money transfers to over 200 countries; we don't charge any handling fees for transfers to many of these. If you want to send money from India to Australia in AUD, the bank fee is zero, as are the agent charges. GST will be charged on your transaction when applicable.

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Transaction Time

When you send money from India to Australia, it will reach the recipient within the day. digibank offers this facility for the transfer of funds to numerous other countries if you initiate transfers before the deadline. The cut-off time varies from country to country.

To transfer money from India to Australia, you need to do so before 9 AM (IST). In case you do not manage to initiate the transfer before the cut off time for that day, there is no cause to worry. It will just be delivered on the next working day.

Country IN (IST) Time for same-day transfer
USA (in USD) 2:00 PM
Australia (in AUD) 9:00 AM
UK (in GBP) 2:00 PM
Eurozone (in EUR) 2:00 PM
Hong Kong (in HKD) 1:30 PM
Singapore (in SGD) 2:00 PM
Canada (CAD) 2:00 PM

If you need to transfer money from India to Australia in some other currency, you can do that as well. It will just take a bit longer. If you initiate the transfer in a non-local currency (before the cut-off time), it will be transferred in 1-3 working days.

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How to Use digibank Remit Services

For digibank users

  • Visit the digibank ibanking website
  • Log in and click on "Overseas Transfer" tab under "Pay & Transfer"

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Fill your details and complete KYC.

 

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Frequently Asked Questions

How do I send money overseas online?

Log in to digibank ibanking, go to 'Pay & transfer' and then 'Overseas Transfer'.

Add bank details of your new payee, or click on 'Start a transfer' if you had added your payee earlier. After successful processing, you will receive confirmation through email and SMS.

How do I add the recipient to send money from India to Australia?

After you log in, you will be required to add details of your new overseas payee like their full name, account number, bank details before a payment can be initiated. For security reasons, the confirmation of a new payee is done following these steps:

  • You will be sent a challenge code via SMS
  • Open the digibank app to see the option 'Digital Token' on the pre-login page
  • Enter the challenge code to get an OTP
  • Type in the OTP on the Internet banking page to confirm the new payee

It is advisable to download digibank app and log into it at least once before adding the new payee.

Can I transfer money from India to Australia on the digibank app?

No, remittance overseas is not allowed on a mobile app by Indian law at the moment. You can initiate a transfer from your mobile by opening our Internet Banking page.

What are the documents I need to transfer money to Australia?

No paper documents are needed for this process since all the relevant details and declaration are gathered digitally. Please go through the terms and conditions thoroughly before agreeing to them.

What are the purposes for which I can transfer money online to Australia?

You can send money to Australia for any of the following purposes:

  • Maintenance of relatives
  • Education
  • Medical treatment
  • Emigration
  • Holiday trip
  • Business trip
  • Travelling for education
  • Travel expense for medical treatment
  • Travelling for religious purposes
  • Gifts or donation
Is there any minimum and maximum limit?
Daily transaction limits are USD 10 to USD 25,000 and the annual limit is USD 250,000 or equivalent (specified by Reserve Bank of India).

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