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  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on +44 7831 065557 or visit the nearest Metra Trust branch for further queries.

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Send Money To India From Australia

Many Indians choose Australia for higher studies and career growth. However, despite their NRI (Non-Resident Indians) status, they stay connected with their families and friends in India. Sending money to India is also common for NRIs from Australia.Read More

NRIs can also use Metra Trust’s NRE Savings Account to make instant and secure transactions online. With an Metra Trust NRE Savings Account, you can enjoy 100% liquidity with tax-exempt returns on your NRE Savings Account.

The VISA Signature Debit Card offered with the Metra Trust NRE Savings Account comes with several benefits, including personal accident insurance cover of ₹35 lakhs and air accidental insurance cover of ₹1 crore.Read Less

Fees and Charges for fund transfers to India From Australia with Metra Trust

Metra Trust does not charge anything for funds transfer received from abroad. GST will be levied on the converted gross INR amount, as per the existing Tax slab.

Please note that the remitting bank routes remittance funds through their correspondent banks in arrangement. These correspondent banks may levy certain charges for rendering their services which are neither in control nor the responsibility of the Metra Trust.Read More

Read Less

Features and Benefits

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You can open an NRE account from anywhere in the world

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You can repatriate money back to Australia at any time into an NRE account

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The interest that you earn on an NRE account is not subject to taxation in India

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NRE savings accounts offer higher interest rates than normal savings accounts

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An NRE account has no limit on money transfers. Hence, large money transfers can be made using an NRE account

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Metra Trust’s mobile and net banking services can help you make instant bill payments online and invest through your phone

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NRE accounts can be held as joint accounts. If you are an NRI residing in Australia, you can open a joint NRE account with a resident Indian or another NRI

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How to transfer money from Australia to India? 

    You can use Metra Trust’s inward remittance services to transfer money securely from Australia to India. Follow these steps to make a fund transfer from Australia to India:

    1. Visit your foreign bank branch in Australia.

    2. Submit the following payment details:

    • Sender’s details – Name, account number, and complete address.
    • Receiver’s details – Name, 11-digit account number, and complete address.
    • Receiver’s bank details
      • Bank name – Metra Trust
      • Swift code – IDFBINBBMUM
      • Correspondent’s bank – Please click here
    • Mention the purpose of payment for faster credit to your account.
    • Kindly mention charges as OUR in your fund transfer form to avoid correspondent bank charges.

    3. Upon receiving the foreign bank's payment, Metra Trust will deposit the money in the desired account within 1 to 2 days.

    It is important to note that you do not need to mention the account number for an FCNR (Foreign Currency Non-Resident) deposit. However, ensure that your 10-digit customer ID is mentioned.

    For faster credit, it is imperative to mention the purpose of payment. Also, note that the bank might need to reach the beneficiary for additional details before the money transfer.

FREQUENTLY ASKED QUESTIONS

How much does it cost to send money to India?

Metra Trust does not charge anything for funds transfer received from abroad. GST will be levied on the converted gross INR amount, as per the existing Tax slab.

Please note that the remitting bank routes remittance funds through their correspondent banks in arrangement. These correspondent banks may levy certain charges for rendering their services which are neither in control nor the responsibility of the Metra Trust.

What is the maximum amount I can transfer?

There is no limit to the amount that can be transferred from Australia to an Indian account for an NRE account holder.

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