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Send money from New Zealand to India(NZD → INR)
NZD
INR|Updated recentlyMid-market 56.3539Cheapest todayof 12 providers
Wise
Rate 56.3370 · Fee NZ$5.20
You send
NZ$1,000
Recipient gets
₹56,044
₹140 more than the most expensive provider
Affiliate link · No extra cost to you
Quick answer: The cheapest way to send money from New Zealand to India in May 2026 is Wise, which delivers 56,044.05 INR on a 1,000 NZD transfer with a fee of NZ$5.20. According to SendMoneyCompare's comparison of 12 providers updated every 6 hours, the difference between the cheapest and most expensive provider on this corridor is 141 INR.
Last reviewed: by Awais Imran, Reviews Editor
↑
Rates are great right now
80th percentile
Based on 60 days of data (2026-03-13 to 2026-05-20)
Today's best
₹5,576.79
Revolut
60-day avg
1 NZD = 54.68 INR
Best rate
56.50
2026-05-13 · Remitly
Worst rate
52.92
2026-03-13 · Remitly
What is the cheapest way to send NZD to INR?
Sending NZ$1,000 from New Zealand to India. Sorted by best value — most money received.
Source: SendMoneyCompare · Data updated every 6 hours from live provider APIs
#ProviderRateFeeRecipient gets
Rate 56.3370·Fee NZ$5.20·0.03% markup
↑ 5.4% over 60dAvg: 54.93 INR (+2.5% vs avg)Range: 52.75–57.00
1
56.3370
NZ$5.20
₹56,044.05
Rate 56.1229·Fee NZ$1.50·0.41% markup
↑ 3.5% over 54dAvg: 54.55 INR (+3.0% vs avg)Range: 54.32–56.47
2
56.1229
NZ$1.50
₹56,038.67
Rate 55.9594·Fee Free·0.70% markup
Most stable rate
↑ 3.9% over 49dAvg: 54.04 INR (+3.8% vs avg)Range: 53.99–56.08
3
0-3 days0.70% markup
Most stable rate
↑ 3.9% over 49dAvg: 54.04 INR (+3.8% vs avg)Range: 53.99–56.08
55.9594
Free
₹55,959.43
Rate 55.6157·Fee Free·1.31% markup
Best rate 33 of 60 days
↑ 5.1% over 49dAvg: 54.49 INR (+2.1% vs avg)Range: 52.22–56.50
4
Minutes to 3-5 days1.31% markup
Best rate 33 of 60 days
↑ 5.1% over 49dAvg: 54.49 INR (+2.1% vs avg)Range: 52.22–56.50
55.6157
Free
₹55,615.67
Rate 55.6044·Fee NZ$3.00·1.33% markup
↑ 3.9% over 54dAvg: 53.86 INR (+3.4% vs avg)Range: 53.60–55.99
5
55.6044
NZ$3.00
₹55,437.59
Rate 55.3170·Fee Free·1.84% markup
Rate up 5.9%
↑ 5.9% over 58dAvg: 53.79 INR (+2.9% vs avg)Range: 51.16–56.11
6
1-3 business days1.84% markup
Rate up 5.9%
↑ 5.9% over 58dAvg: 53.79 INR (+2.9% vs avg)Range: 51.16–56.11
55.3170
Free
₹55,317.00
Rate 54.9112·Fee Free·2.56% markup
↑ 4.4% over 47dAvg: 53.86 INR (+1.9% vs avg)Range: 51.99–55.58
7
1-3 business days2.56% markup
↑ 4.4% over 47dAvg: 53.86 INR (+1.9% vs avg)Range: 51.99–55.58
54.9112
Free
₹54,911.25
Rate 55.1648·Fee NZ$5.00·2.11% markup
↑ 5.3% over 58dAvg: 53.83 INR (+2.5% vs avg)Range: 51.72–55.83
8
55.1648
NZ$5.00
₹54,889.02
Rate 54.4661·Fee NZ$4.99·3.35% markup
3.4% markup
↓ 0.5% over 7dAvg: 54.45 INR (+0.2% vs avg)Range: 54.08–54.84
9
0-1 days3.35% markup
3.4% markup
↓ 0.5% over 7dAvg: 54.45 INR (+0.2% vs avg)Range: 54.08–54.84
54.4661
NZ$4.99
₹54,194.27
Rate 54.4041·Fee NZ$12.00·3.46% markup
Rate 55.3057·Fee NZ$49.30·1.86% markup
Rate 55.9031·Fee Free·0.80% markup
Potential savings: Choosing the best provider over the most expensive saves your recipient ₹140.97 on a NZ$1,000 transfer.
Some links on this page are affiliate links. We may earn a commission at no extra cost to you. This does not affect our rankings, which are based on real transfer data. Editorial policy
New Zealand's Indian community has grown significantly in recent years, with over 250,000 Indian-origin residents. The NZD to INR corridor is increasingly competitive as more global providers expand their New Zealand operations.
Indian immigrants in New Zealand include skilled workers, students, and business owners who regularly send money back home. Traditional banks like ANZ, ASB, and Westpac charge NZD 20–30 per international transfer plus 2–4% exchange rate markups. Specialist providers like Wise, Remitly, and OFX offer dramatically better value, often saving NZD 30–60 on a NZD 1,000 transfer. POLi Payments integration makes funding transfers convenient for New Zealand residents.
Which provider offers the best NZD to INR rate?
What matters on the New Zealand to India corridor
New Zealand's growing Indian community sends regular transfers home via a smaller but competitive corridor. NZD to INR is well-served by Wise and Instarem, with IMPS delivery ensuring recipients in India receive funds within minutes.
- IMPS delivery to Indian bank accounts (SBI, HDFC, ICICI, Axis, Kotak) arrives within minutes and is available from most NZ-based providers. India's 24/7 instant payment infrastructure makes delivery fast regardless of time zones.
- POLi online banking is a common funding method in New Zealand, allowing instant transfers from NZ bank accounts to your provider. Wise and Instarem both support POLi funding for NZD transfers.
- Wise and Instarem are the strongest digital providers on this corridor, consistently offering competitive NZD/INR rates. Traditional banks like ANZ and Westpac NZ charge significantly higher fees and worse exchange rates.
- New Zealand's Financial Markets Authority (FMA) and anti-money-laundering regulations govern money transfer operators. Ensure your provider is registered with the NZ Companies Office and compliant with AML/CFT requirements.
NZ bank international transfers are expensive — use a specialist
New Zealand banks typically charge NZD 15–30 per international transfer plus a 2–4% exchange rate markup on NZD/INR. Specialist providers like Wise or Instarem usually offer savings of NZD 20–60 per NZD 1,000 transfer compared to bank rates.
For recurring transfers, it is worth checking live quotes each time rather than relying on one provider by habit. Competition on this corridor is strong enough that rankings can shift meaningfully with market moves.
Which provider is best for each transfer type?
Different providers excel at different things. Here's who's best for each use case on the New Zealand to India route.
Cheapest transfer
Wise
Delivers the most INR for your money
Fastest transfer
Remitly
Delivers in Minutes to 3-5 days
Cash pickup
Remitly
Widest cash pickup network
Bank transfer
Wise
Best rate for bank deposit to India
How to send money to India
Sending money to India is straightforward with the right provider. Here's how it works in 3 simple steps.
Step 1
Enter your transfer details
Choose how much NZD you want to send, compare providers above, and pick the one offering the best INR amount for your transfer to India.
Step 2
Add your recipient
Enter your recipient's details in India — you'll need their bank account number. Most providers verify details instantly.
Step 3
Send & track your transfer
Pay using bank transfer, debit card, or credit card. Track your money in real-time until it arrives — bank deposit (imps) typically takes minutes.
What you need to send money to India
Make sure you have these details from your recipient before starting your transfer.
Full name
Recipient's name exactly as it appears on their bank account
Bank account number
Indian bank account number (9–18 digits depending on the bank)
Example: 50100002345678
IFSC code
11-character Indian Financial System Code identifying the specific bank branch
Example: HDFC0001234
Bank name & branch
Name of the bank and branch (e.g. HDFC Bank, Andheri West Branch)
Note: India does not use the IBAN system. Instead, you need the recipient's bank account number and IFSC code. The IFSC code uniquely identifies each bank branch and is printed on cheque books or available on the bank's website.
Transfer examples: NZD to INR
See how much your recipient would get for common transfer amounts.
Send NZ$500
ProviderFeeReceives
Wise
56.34 · 4h 50m
Revolut
56.10 · 0-1 days
Remitly
55.62 · Minutes to 3-5 days
XE
55.96 · 0-3 days
Western Union
55.60 · Instant
BNZ
55.32 · 1-3 business days
ProviderFeeRateReceivesSpeed
WiseNZ$1.7156.34₹28,0724h 50m
RevolutNZ$0.8056.10₹28,0050-1 days
RemitlyFree55.62₹27,808Minutes to 3-5 days
XENZ$4.0055.96₹27,7560-3 days
Western UnionNZ$1.2055.60₹27,735Instant
BNZFree55.32₹27,6591-3 business days
Send NZ$1,000
ProviderFeeReceives
Wise
56.34 · 4h 50m
Revolut
56.12 · 0-1 days
XE
55.96 · 0-3 days
Remitly
55.62 · Minutes to 3-5 days
Western Union
55.60 · Instant
BNZ
55.32 · 1-3 business days
ProviderFeeRateReceivesSpeed
WiseNZ$5.2056.34₹56,0444h 50m
RevolutNZ$1.5056.12₹56,0390-1 days
XEFree55.96₹55,9590-3 days
RemitlyFree55.62₹55,616Minutes to 3-5 days
Western UnionNZ$3.0055.60₹55,438Instant
BNZFree55.32₹55,3171-3 business days
Send NZ$5,000
ProviderFeeReceives
Wise
56.34 · 4h 50m
Revolut
56.12 · 0-1 days
XE
55.96 · 0-3 days
Remitly
55.62 · Minutes to 3-5 days
Western Union
55.60 · Instant
BNZ
55.32 · 1-3 business days
ProviderFeeRateReceivesSpeed
WiseNZ$26.0056.34₹280,2204h 50m
RevolutNZ$7.5056.12₹280,1930-1 days
XEFree55.96₹279,7970-3 days
RemitlyFree55.62₹278,078Minutes to 3-5 days
Western UnionNZ$15.0055.60₹277,188Instant
BNZFree55.32₹276,5851-3 business days
How much does it cost to send money from New Zealand to India?
Specialist provider fees range from NZD 0 (Wise for bank-funded transfers) to NZD 5–15. New Zealand banks charge NZD 20–30 per wire plus exchange rate markups of 2–4%. The exchange rate is the biggest cost factor — always compare the total INR received.
Understanding the total cost
The true cost of a money transfer has two components:
Transfer fee
The upfront charge — typically NZ$0–NZ$10 with specialist providers.
Exchange rate markup
The hidden cost — the difference between the provider's rate and the mid-market rate (56.3539).
Ways to send money to India
Choose how you want to pay for your transfer. Each payment method has different costs and speeds.
IMPS is the preferred delivery method for speed and convenience — it works 24/7 and reaches virtually every bank account in India. For recipients in rural areas, cash pickup through Western Union or MoneyGram agent networks remains important.
Bank Transfer
Low costSpeed: 1–3 business days
Usually the cheapest option — lowest fees and no card processing charges
Debit Card
Medium costSpeed: Minutes to hours
Fast and convenient — small card processing fee applies
Credit Card
Higher costSpeed: Minutes to hours
Fastest option but highest fees — card issuer may charge cash advance fee
Apple Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
Cash
Medium costSpeed: Varies
Pay cash at an agent location — available at select providers
How can my recipient receive money in India?
Your recipient in India can receive money through these delivery methods. The best option depends on their location and preferences.
Bank Deposit (IMPS)
Minutes
Instant transfer via India's IMPS system to any bank account. Available 24/7 including weekends and holidays.
WiseRemitlyWorldRemitInstaReM+1 more
Bank Deposit (NEFT)
2–4 hours
Transfer via NEFT during banking hours. Settles in batches throughout the day.
WiseRemitlyOFX
UPI Transfer
Minutes
Direct transfer to UPI-linked bank accounts. Growing in popularity for remittances.
RemitlyGoogle Pay
Cash Pickup
Minutes
Recipient collects cash from agent locations across India — available through banking correspondents and retail partners.
Western UnionMoneyGramRia Money TransferXoom (PayPal)
Mobile Wallet
Minutes
Transfer to Paytm or other digital wallets. Useful when the recipient prefers digital payment over bank deposit.
WorldRemit
What are the transfer limits and regulations for India?
Important rules and requirements to know before sending money to India.
Regulatory body
Reserve Bank of India (RBI)
Inbound transfer limits
No cap on inbound remittances under RBI's Liberalised Remittance Scheme (LRS) — LRS limits only apply to outbound transfers from India
Documentation you may need
- Government-issued photo ID (passport, driver's license, or state ID)
- Social Security Number or equivalent tax ID (for US/UK/Canadian senders)
- Proof of address for first-time transfers with most providers
Important things to know
- India's Tax Collected at Source (TCS) applies only to outbound remittances from India, not to money received from abroad.
- Amounts over $10,000 (or equivalent) must be reported under sending country regulations (e.g. US Bank Secrecy Act).
- Recipient must have a PAN card (Permanent Account Number) for amounts exceeding INR 50,000 credited to their bank account in some cases.
- NRI (Non-Resident Indian) accounts like NRE and NRO have different rules — check with the recipient's bank if they hold an NRI account.
How long does it take to send money to India?
IMPS and UPI transfers to India arrive within minutes. Standard bank deposits take 1–2 business days. Some providers offer same-day delivery for early submissions from New Zealand.
FastExpress delivery
- RemitlyMinutes to 3-5 days
- Western UnionInstant
Standard delivery
- Wise4h 50m
- Revolut0-1 days
- XE0-3 days
- BNZ1-3 business days
- Westpac NZ1-3 business days
Popular banks in India
These are the most commonly used banks for receiving international transfers in India.
BankSWIFT/BICNotes
State Bank of India (SBI)
SBININBBXXX
HDFC Bank
HABORINBXXX
ICICI Bank
ABORINBBXXX
Axis Bank
AXISINBBXXX
Punjab National Bank (PNB)
PUNBINBBXXX
Kotak Mahindra Bank
ABORINBKXXX
Bank of Baroda
BARBINBBXXX
Canara Bank
ABORINBBXXX
NZD to INR Exchange Rate History
Daily best exchange rates from top providers over the last 60 days. Rates shown are for sending $100.
| Date | Wise | __mid Market__ | Bank Of New Zealand Nz | Auckland Savings Bank Nz | Western Union |
|---|---|---|---|---|---|
| Trend | |||||
| May 20 | 56.3350✓ | 55.6179 | 55.3181 | 55.1655 | 55.7167 |
| May 19 | 56.5619✓ | 56.0374 | 55.5216 | 55.5417 | 55.7494 |
| May 18 | 55.9924✓ | 55.4344 | 55.0029 | 54.8675 | 55.2975 |
| May 17 | 56.0491✓ | 55.5500 | 54.8795 | 54.9452 | 55.2298 |
| May 16 | 56.0491✓ | 55.5500 | 54.8795 | 54.9452 | 55.2298 |
| May 15 | 56.3352✓ | 55.8141 | 55.2776 | 55.2860 | 55.9929 |
| May 14 | 56.7279✓ | 56.3103 | 55.7357 | 55.6735 | 55.9929 |
| May 13 | 57.0032✓ | 53.8570 | 56.1093 | 55.8347 | 53.6039 |
| May 12 | 56.7756✓ | 53.8570 | 55.7291 | 55.6534 | 53.6039 |
| May 11 | 56.2020✓ | 53.8570 | 55.1336 | 55.0844 | 53.6039 |
| May 10 | 56.3389✓ | 53.8570 | 54.6332 | 55.2570 | 53.6039 |
| May 9 | 56.3389✓ | 53.8570 | 54.6332 | 55.2570 | 53.6039 |
| May 8 | 55.9669✓ | 53.8570 | 54.9784 | 54.9042 | 53.6039 |
| May 7 | 56.4000✓ | 53.8570 | 55.5144 | 55.3171 | 53.6039 |
| May 6 | 56.3390✓ | 53.8570 | 55.5353 | 55.3072 | 53.6039 |
| May 5 | 55.8511✓ | 53.8570 | — | — | 53.6039 |
| May 4 | 56.0184✓ | 53.8570 | — | — | 53.6039 |
| May 3 | 55.8980✓ | 53.8570 | 54.6048 | 54.8935 | 53.6039 |
| May 2 | 55.8980✓ | 53.8570 | 54.6048 | 54.8935 | 53.6039 |
| May 1 | 56.0776✓ | 53.8570 | 55.1082 | 54.9526 | 53.6039 |
| Apr 30 | 55.3681✓ | 53.8570 | 54.2696 | 54.2255 | 53.6039 |
| Apr 29 | 55.5987✓ | 53.8570 | 54.5038 | 54.5208 | 53.6039 |
| Apr 28 | 55.6394✓ | 53.8570 | 54.5944 | 54.5426 | 53.6039 |
| Apr 27 | 55.4605✓ | 53.8570 | 54.5805 | 54.4195 | 53.6039 |
| Apr 26 | 55.3227✓ | 53.8570 | 53.9297 | 54.3321 | 53.6039 |
| Apr 25 | 55.3227✓ | 53.8570 | 53.9297 | 54.3321 | 53.6039 |
| Apr 24 | 55.2258✓ | 53.8570 | 54.2349 | 54.0456 | 53.6039 |
| Apr 23 | 55.4185✓ | 53.8570 | 54.3647 | 54.2755 | 53.6039 |
| Apr 22 | 55.2818✓ | 53.8570 | 54.3232 | 54.1581 | 53.6039 |
| Apr 21 | 55.0997✓ | 53.8570 | 54.2312 | 53.9999 | 53.6039 |
| Apr 20 | 54.4353✓ | 53.8570 | 53.4427 | 53.3953 | 53.6039 |
| Apr 19 | 54.4659✓ | 53.8570 | 52.9824 | 53.4195 | 53.6039 |
| Apr 18 | 54.4659✓ | 53.8570 | 52.9824 | 53.4057 | 53.6039 |
| Apr 17 | 54.7039✓ | 53.8570 | 53.7030 | 53.7479 | 53.6039 |
| Apr 16 | 55.1622✓ | 53.8570 | 54.1709 | 53.9651 | 53.6039 |
| Apr 15 | 54.9186✓ | 53.8570 | 53.8819 | 53.8866 | 53.6039 |
| Apr 14 | 54.6206✓ | 53.8570 | 52.6618 | 53.5461 | 53.6039 |
| Apr 13 | 54.1891✓ | 53.8570 | 52.3693 | 52.2388 | 53.6039 |
| Apr 12 | 54.3168✓ | 53.8570 | 53.0147 | 53.2663 | 53.6039 |
| Apr 11 | 54.3168✓ | 53.8570 | 53.0147 | 53.2663 | 53.6039 |
| Apr 10 | 54.1482✓ | 53.8570 | 53.1144 | 53.0325 | 53.6039 |
| Apr 9 | 53.9548✓ | 53.8570 | 52.9841 | 52.6997 | 53.6039 |
| Apr 8 | 53.6252 | 53.8570✓ | 52.9467 | 52.7244 | 53.6039 |
| Apr 7 | 52.9388 | 53.8570✓ | 52.1645 | 51.9918 | 53.6039 |
| Apr 6 | 53.2471 | 53.8570✓ | 52.3575 | 52.1886 | 53.6039 |
| Apr 5 | 52.7752 | 53.8570✓ | 51.1604 | 51.7371 | 53.6039 |
| Apr 4 | 52.7752 | 53.8570✓ | 51.1604 | 51.7371 | 53.6039 |
| Apr 3 | 52.7520 | 53.8570✓ | 51.9201 | 51.7169 | 53.6039 |
| Apr 2 | 53.1811 | 53.8570✓ | 52.4542 | 52.1363 | 53.6039 |
| Apr 1 | 53.2375 | 53.8570✓ | 52.4841 | 52.7852 | 53.6039 |
| Mar 31 | 53.7158 | 53.8570✓ | 52.8414 | 52.6689 | 53.6039 |
| Mar 30 | 53.9595✓ | 53.8570 | 53.0273 | 52.9230 | 53.6039 |
| Mar 29 | 54.3155✓ | 53.8570 | 53.2738 | 53.3657 | 53.6039 |
| Mar 28 | 54.3681✓ | 53.8570 | 53.3804 | 53.2803 | 53.6039 |
| Mar 18 | 54.1161✓ | 54.1161✓ | 53.1107 | 53.0882 | — |
| Mar 17 | 53.9859✓ | 53.9859✓ | 52.9998 | 52.9856 | — |
| Mar 16 | 54.0927✓ | 54.0927✓ | 53.2403 | 53.0420 | — |
| Mar 15 | 53.4367✓ | 53.4367✓ | 52.1658 | 52.3896 | — |
| Mar 14 | 53.4367✓ | 53.4367✓ | 52.1658 | 52.3896 | — |
| Mar 13 | 53.4367✓ | 53.4367✓ | 52.2233 | 52.3921 | — |
Common questions about sending money from New Zealand to India
What is the cheapest way to send money from New Zealand to India?
Wise and Remitly consistently offer the best value for NZD to INR transfers. Wise provides the mid-market rate with a transparent fee. OFX is strong for larger transfers over NZD 2,000. Compare all providers on the day you send.
How long does a transfer from New Zealand to India take?
IMPS-enabled transfers arrive within minutes. Standard bank deposits take 1–2 business days. New Zealand bank wire transfers take 3–5 business days due to time zone differences.
Can I fund a transfer with POLi from New Zealand?
Yes, several providers including Wise and OFX accept POLi Payments, allowing you to fund transfers directly from your New Zealand bank account without waiting for a manual bank transfer to clear.
Is it cheaper to use a New Zealand bank or a money transfer service?
Money transfer services are almost always cheaper. NZ banks charge NZD 20–30 per wire plus 2–4% markup. Specialist providers charge NZD 0–10 with markups under 1%, saving you NZD 30–60 on a NZD 1,000 transfer.
Everything about sending money to India
Recipient requirements, delivery methods, regulations, popular banks, and more.
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Popular corridors
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