There are several ways to send money from New Zealand to India. The table below shows the charges and time it takes to send money from New Zealand to India. Please select the best option depending on your needs.
Money Transfer Operators: Money transfer operators (MTOs) are financial companies (but usually not banks) engaged in cross border transfer of funds using either their internal system or using their collaborations with other international banking networks. Eg: Wise, Western Union.
SWIFT: Society for Worldwide Interbank Financial Telecommunication (Offline money transfer facility that can be availed at bank branches overseas)
Foreign Currency Demand Drafts: A form of demand draft made in foreign currency at various bank branches located overseas to remit money to India. The equivalent amount in INR will be debited for remittance.
Time and Charges
|Place||Internet/Mobile Banking||Money Transfer Operators||Agents||Foreign Currency Demand Draft||SWIFT Transfers|
|New Zealand||Same Day – 6 days|
Fee 0-30 NZD + Exchange rate costs
|In minutes – 5 days|
Fee 0 – 6.99 NZD + Exchange Rate
|Cash immediate or 1-2 days|
Fee 0 or 4 NZD and above
|1 – 3 days|
.2% Draft making charges + Rs.85
Service tax on foreign currency conversion + any remitting bank charge
What is the best operator to send money from New Zealand to India ?
Wise is the best rated operator to send money from New Zealand to India.
To find the time it takes to send money from New Zealand to India, click here.
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