Send money from Australia to India
India is the largest corridor Australia has, and it runs on two payout details: an account number with an IFSC code, or a UPI ID. Grey pays into SBI, HDFC Bank, ICICI Bank, Axis Bank, Punjab National Bank, Bank of Baroda and Kotak Mahindra Bank, and the rupees land the way a domestic Indian credit lands. Grey holds no Australian dollar balance, so the money leaves from a US dollar, pound or euro balance and converts at a rate fixed when you confirm.
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The corridor that runs through Harris Park
Indian-born residents are the largest migrant group in Australia, and the map of this corridor is a map of suburbs rather than capitals. Harris Park in Parramatta sits close enough to the centre of it that the few blocks around Wigram Street are known locally as Little India. Blacktown and Auburn in Sydney, Truganina and Craigieburn in Melbourne, Rowville and Box Hill further out, with Adelaide, Perth and the Gold Coast behind them. The senders are nurses and aged-care workers, software and project engineers, accountants, rideshare drivers, hospitality staff and international students working the hours their visa allows.
Where the money lands is just as specific. Punjab, Kerala, Tamil Nadu, Telangana and Gujarat carry most of it, and that is where the two payout options stop being a menu and turn into a family question. A parent in a district town still banks at a branch, and what you need from them is the account number and the IFSC code printed inside the passbook. A younger sibling in Bengaluru or Hyderabad will send you a UPI ID and expect the money to show up in a payments app the same afternoon. Grey pays either one.
Grey does not hold Australian dollars, which changes where the money sits before it becomes rupees. What you send from is a US dollar balance provided by Lead Bank, or a pound or euro balance, filled by money arriving from an employer, a client, or a transfer you make yourself from another account you hold. The conversion into rupees happens once, at the rate on screen when you confirm. Pay in Australia runs fortnightly and the sending tends to follow that rhythm, so the practical question on the day is usually whether the balance is already sitting there.
How to send money from Australia to India
Sign up
A Grey account is free and opens in about five minutes, whether you are doing it at home in Harris Park or on a break in Truganina. You verify with a valid identity document, which for most people in Australia means a passport or a driver licence.
Fund
There is no Australian dollar balance to top up on this corridor or any other. You hold US dollars provided by Lead Bank, pounds or euro, and that balance fills from salary, client payments or a transfer you make in yourself.
Send
Enter the account number and IFSC code, or the UPI ID, in place of the BSB and account number an Australian transfer would ask for. Check the rupee figure and the fee on the confirmation screen and send. Nothing is needed from your recipient beyond those details.
What it costs to send money to India from Australia
The cost sits in a different place depending on what kind of payment this is. A one-off transfer for a wedding is dominated by the rate, because the amount is large. A standing payment to parents is dominated by repetition, because whatever the gap is, you pay it every month of the year.
The honest way to compare services is the rupee amount on the recipient's side. That one number already contains the rate and the fee together, and it is the only figure your mother will ever see.
How the rate is fixed on a transfer to India
Your balance is held in US dollars, pounds or euro, so exactly one conversion happens: your currency into rupees. Nothing waits for a second step on the Indian side and nothing is taken out of the credit after it leaves.
The rate moves through the day, as it does for any pair. Grey shows the live rate before you confirm and fixes it at the moment you confirm. If the rate moves while the transfer is settling, the rupee amount your recipient receives does not move with it.
That matters most on the payments with a deadline attached. A semester fee in Pune or a builder's instalment in Kochi is a fixed rupee figure, and being able to work backwards from the rupees rather than forwards from the dollars is the difference between sending once and sending twice.
Grey against an international transfer from your Australian bank
Inside Australia, money is instant, and that has trained everybody's expectations. PayID and Osko move a payment between two Australian accounts in seconds off a phone number or an email, and a BSB with an account number does the rest. Not one piece of that machinery reaches past the Australian coastline. The moment the destination is an IFSC code in Ludhiana, the same bank puts your payment onto SWIFT, applies its own retail rate, and gives you a date instead of a time. Commonwealth Bank, Westpac, NAB and ANZ can all send to India. What differs is what the rate costs you and when your family actually sees the money. Grey pays Indian accounts and UPI IDs directly, shows the rate and the fee before you confirm, and keeps the transfer trackable to settlement.
What your recipient sees in India
A standard rupee credit, in the account or the app they already use. No Grey account on their side, no collection point, no paperwork.
Bank account by IFSC
SBI, HDFC Bank, ICICI Bank, Axis Bank, Punjab National Bank, Bank of Baroda and Kotak Mahindra Bank among others. Enter the account number and the IFSC code and the rupees arrive as an ordinary bank credit.
UPI ID
Enter a UPI ID instead and the money reaches the linked account through Google Pay, PhonePe or Paytm. For a sibling who has not opened a passbook in years, this is usually the easier thing to ask for.
GreyTag
When the person on the other end also uses Grey, a GreyTag transfer between you is free and instant in any currency. Worth setting up between a student here and a parent in Kerala who both keep balances.
Getting money into your Grey account from Australia
The balance does not fill from an Australian dollar top-up, because there is no Australian dollar balance to top up. It fills from money that already arrives in US dollars, pounds or euro.
Paid in by an employer
Share your Grey US dollar account details once and pay from an offshore employer lands there each cycle. Engineers and analysts in Sydney or Brisbane working for companies abroad usually fund this way.
Paid in by a client
Freelancers and consultants put the same details on the invoice. The client settles in dollars, pounds or euro and the money sits in the balance the rupees will leave from, with no hop in between.
Moved in by you
You can also move funds into the balance yourself from another account you hold in those currencies. Allow that leg to land before you promise anyone in India a particular day.
However the balance gets filled, the send itself is the short part of the job, and the fee attached to each route is visible before anything is confirmed.
What people on this corridor are actually paying for
Parents, month after month
Household costs, a chemist bill, the electricity on a flat in Coimbatore. A nurse in Blacktown paying into a branch account in Punjab is the single most common shape on this corridor, and it repeats for years.
Home loan instalments and property
EMI on a flat in Hyderabad bought before the move, a share of a family plot in Gujarat, maintenance on a house nobody currently lives in. Large, dated, and unforgiving about arriving late.
Fees, weddings and festivals
A semester at a college in Pune, a cousin's wedding in Amritsar, Diwali money split across three cities in one evening. Exact rupee figures, which is why the recipient amount matters more than the fee line.
Contractors and small business
A Melbourne agency paying a development team in Bengaluru every fortnight, an importer settling with a supplier in Surat. These payouts go to the same IFSC-routed accounts as the family ones.
Four things carry most of the volume between Australia and India, and each one arrives with a different kind of deadline.
Why Australians send to India with Grey
The account is free, opens in about five minutes and needs one valid identity document, so the first rupees can go on the evening your pay clears.
Add the recipient once, whether that is an IFSC-routed account in a district town or a UPI ID in a metro, and every transfer after the first comes down to reading the rupee figure and confirming it. The rate and the fee sit on the same screen, the transfer stays trackable to settlement, and nobody in India has to install anything to receive it.
FAQs
Can I send money from Australia to India using only a UPI ID?
Yes. Enter the UPI ID instead of an account number and the rupees reach the linked account through Google Pay, PhonePe or Paytm.
What details do I need if my parents bank at a branch in Punjab?
Their account number and the IFSC code, both printed in the passbook. Grey pays SBI, Punjab National Bank and other Indian banks directly.
Can I top up Grey with Australian dollars before sending to India?
No. Grey holds no Australian dollar balance. You send from US dollars provided by Lead Bank, pounds or euro, converting to rupees as you send.
Does my recipient in India need a Grey account to be paid?
No. The rupees arrive as an ordinary bank or UPI credit, exactly as a domestic Indian payment would, with nothing to install at their end.
Which currency does Grey convert into rupees?
Whichever balance you hold: US dollars, pounds or euro. One conversion happens, into rupees, at the rate fixed when you confirm the transfer.
How does Grey compare with an India transfer from Commonwealth Bank or Westpac?
Australian banks route India payments over SWIFT at their own retail rate. Grey pays Indian accounts directly and shows rate and fee before confirmation.
Can I pay a development team in Bengaluru every fortnight?
Yes. Business payouts use the same IFSC-routed accounts as family transfers, funded from the same US dollar, pound or euro balance.
Why will PayID not reach an Indian bank account?
PayID and Osko only move money between Australian accounts. Reaching an IFSC code in India needs a cross-border payout, which is what Grey provides.
Can I pay a UPI ID and a branch account in the same month?
Yes. Recipients are saved separately, so a parent's IFSC-routed account and a sibling's UPI ID can both sit in your list.
Will the rupee amount change after I confirm the transfer to India?
No. The rate is fixed at confirmation, so the rupee figure shown on screen is what settles in your recipient's account.
Is Grey a bank if it pays into my family's Indian bank account?
Grey is a financial technology company, not a bank. Banking services come from licensed banking partners, and the payout arrives as an ordinary rupee credit.
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