Send Money to Australia from India

What each bank charges to send AUD to Australia

Line items reflect the bank's published fee schedule. GST at 18% is charged on commission (and on Swift / correspondent charges where the bank explicitly applies it).

How to send money to Australia from India

1. Get the beneficiary's bank details. Full name and address as held by their bank, bank name and address in Australia, plus the BSB code, account number, and SWIFT code.
2. Pick the purpose code and fill Form A2. The A2 form is the LRS declaration; the most common codes for Australia are S0202 (education), S1301 (gift), S0305 (maintenance of relative). Your PAN is mandatory and the bank checks your LRS usage for the financial year against the USD 250,000 cap.
3. Check TCS before you send. Above ₹10 lakh in a financial year most non-education purposes attract 20% TCS, collected by the bank and claimable in your ITR; education and medical purposes have lower rates. The calculator on this page applies it when you enter your year-to-date LRS amount.
4. Choose the channel. HDFC, ICICI, Kotak and Axis accept outward remittance in AUD through NetBanking or their apps; SBI routes select currencies through YONO and the rest through a branch; IOB is branch-led. Branch channels usually cost more — the bank pages list the difference.
5. Decide who pays the SWIFT and correspondent charges. OUR means you pay them upfront in rupees and the beneficiary gets the full amount; SHA and BEN shift them downstream, where they are deducted from what arrives. SBI's Payee, Remitter and Guaranteed modes are the same choice under different names.
6. The bank applies the TT Selling rate and its charges. Your INR is converted at the bank's published TT Selling rate for AUD at the moment of debit, then commission, SWIFT / correspondent charges and 18% GST are added — exactly the lines shown above.
7. Track it and expect 1–3 working days. Ask the bank for the SWIFT reference (UETR) so the beneficiary's bank can trace the payment. Australia is 2.5–5.5 hours ahead of IST, so a transfer sent in the Indian afternoon typically credits the next Australian business day.

LRS cap: USD 250,000 per resident per financial year (across all corridors combined). TCS at 20% applies above ₹10 lakh per year for most non-education purposes and is claimable in your ITR.

Sending to Australia: what's different

Australia's corridor is tuition and living-cost transfers for students, Overseas Student Health Cover payments, and family support to a fast-growing Indian community.

On the receiving side

• Australian accounts are identified by a 6-digit BSB code and the account number; the SWIFT/BIC code routes the international leg. Australia does not use IBANs.
• The big Australian banks often charge the recipient an incoming international transfer fee (typically AUD 10–15); some waive it for payments that arrive in AUD.
• Universities publish their own AUD bank details or a payment portal; a direct wire in AUD avoids the portal's conversion margin.

About AUD

AUD is a "home corridor" currency at ICICI (₹1,000 commission) and has its own AUD-denominated correspondent charge at SBI; both are shown on the bank pages.

Timing

Australia is 2.5–5.5 hours ahead of IST, so a transfer sent in the Indian afternoon typically credits the next Australian business day.

FAQ — Sending money to Australia from India