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How Do You Receive Money from New Zealand to India in 2026?

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Editorial team, serviceexportguide.com
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Short answer

You can receive money from New Zealand to India through local NZD account details from a payment platform, a card or payment link, or a SWIFT wire to your Indian bank. Who this is for: Indian freelancers and registered service exporters. Each export needs an EDF and payment within nine months of the invoice.32

MethodAll-in costSpeedFIRA
Local NZD account details from a payment platformNot published in full by any tracked platformVaries by platform; see the platform tableVaries by platform; see the platform table
Card or payment linkFrom about 7.27 to 8.23% (PayPal)23Varies by platformDepends on the platform
SWIFT wire to your Indian bankSet by your bank and any intermediary banks; not comparableDepends on the banks involvedAsk your bank

1,800 NZD = ₹93,845 at the reference rate for 13 November 2026 (European Central Bank data).

Estimated rupees received, on published fees

Sorted by estimated rupees received, highest first. Only providers that publish both their fee and their conversion markup for this currency and method can be estimated.

#Provider and routeBest forFee (+GST)MarkupYou receiveCost
1PayoneerLowest estimated costPayment request paid by credit cardMarketplace payouts such as Amazon or Upwork₹2,768no GST stated1 to 4%₹87,434 to ₹90,1673.92 to 6.83%
2PayPalInternational commercial transaction received into a PayPal account (PayPal checkout or invoice)Clients paying by card or PayPal balance₹4,153no GST stated3 to 4%₹86,105 to ₹87,0027.29 to 8.25%

Not estimated because pricing is not fully published: PingPong, Wise.

Where a provider says GST applies to its fee but not at what rate, the range runs from no GST to 18%, the rate Skydo, Stripe and Winvesta state on their pages. Estimates use each provider's published fee, conversion markup, GST on fees and FIRA charge, checked 2026-10-28, against the reference rate. They exclude charges taken by intermediary banks and your own bank, and the rate a provider actually applies at the time of conversion. Check the provider's pricing page before you choose. The order is calculated only from these published numbers; no provider can pay to change its position, and there are no affiliate links.

What are the ways to receive money from New Zealand to India?

The ways to receive money from New Zealand to India compare as follows. Costs are estimates on published fees for NZD 8,900, about USD 5,000 at the ECB reference rate.33

Local NZD accountCard or payment linkSWIFT wire to your bank
Fees and markupNot published in fullFrom about 7.27 to 8.23%23Set by your bank and intermediaries
SettlementVaries by platform; see the platform tableVaries by platformDepends on the banks involved
FIRAVaries by platform; see the platform tableVaries by platformAsk your bank
Regulatory statusCheck the platform's RBI status belowCheck the platform's RBI status belowAuthorised dealer bank
Best forRegular invoices from businessesSmall or one-off paymentsLarge payments to an existing bank relationship

How does each method of receiving money from New Zealand work?

Each method of receiving money from New Zealand works differently, and costs differ by method.

How does a local NZD account work for payments from New Zealand?

A platform gives you account details in New Zealand or in NZD, so your client pays you as it would pay a local supplier. The platform converts the NZD to INR and pays your Indian bank account.

  • Pros: the client pays a local transfer; costs are usually published.
  • Cons: not every platform accepts NZD; conversion markups vary.
  • Cost: no tracked platform publishes full pricing.
  • FIRA: varies by platform; check the platform table below.

How does a SWIFT wire work for payments from New Zealand?

Your client sends an international wire to your Indian bank account using its SWIFT code. Your bank converts the NZD at its buying rate.

  • Pros: no third party between you and the client.
  • Cons: intermediary banks may deduct charges; the conversion rate is usually not published in advance.
  • Cost: set by your bank and any intermediary banks, so it is not comparable here.
  • FIRA: ask your bank how it issues FIRAs for inward remittances.

You send a link or checkout page and the client pays by card. The platform settles INR to your bank.

  • Pros: quick for the client; useful for small or one-off payments.
  • Cons: card pricing is usually higher than bank transfer pricing.
  • Cost: from about 7.27 to 8.23% on published fees.23

How do New Zealand clients usually pay Indian vendors?

New Zealand clients usually pay Indian vendors in New Zealand dollar (NZD), though you can invoice in another currency if the client agrees. Domestic payments in New Zealand move through the Bulk Electronic Clearing System (BECS) for direct credits, automatic payments and bill payments and the High Value Clearing System (HVCS) for large irreversible payments, both clearing systems managed by Payments NZ.34 A client paying from New Zealand enters your local account details or, for a wire, your bank's SWIFT code and your account number. Domestic rails in New Zealand do not reach an Indian bank account directly.

Which platforms are best for receiving NZD in India?

The platforms best for receiving NZD in India are listed by estimated cost on NZD 8,900, cheapest first; platforms without full pricing follow, A to Z.23

PlatformBest forFX markupFeeEstimated cost on NZD 8,900FIRASettlementRBI PA-CB status
PayPalClients paying by card or PayPal balance4Base exchange rate plus a fee. PayPal lists 3.0% above the base exchange rate for 'converting balance and payments received into another currency' and 4.00% for 'conversions in all other cases' (INR listed at 4.00%). The fee page does not say which of the two applies when the balance is converted to INR for transfer to an Indian bank.244.40% plus a fixed fee per international commercial transaction. Fixed fee by currency received, for example 0.30 USD, 0.35 EUR, 0.20 GBP, 0.30 AUD, 0.30 CAD. Approved micropayment accounts pay 6.00% plus a micropayments fixed fee (for example 0.05 USD) instead.27.27 to 8.23%23Free weekly digital FIRA (Foreign Inward Remittance Advise) from February 2026, downloadable under Reports, then Tax, in a business account for the last 12 months; earlier transactions are covered by monthly FIRAs. Custom FIRA: 100 INR plus 18% GST per transaction for up to 20 transactions, or 2,000 INR plus 18% GST for a bulk request above 20 transactions; PayPal says custom FIRAs are issued by Citibank.3PayPal asks users to allow up to 5 business days for funds to show in the bank account, depending on the bank's clearing process.5PayPal's India user agreement says it provides export payment services as an online payment gateway service provider under RBI A.P. (DIR Series) Circular No. 16 (RBI/2015-16/185) and that PayPal is not a bank in India. RBI's status list as on 16 October 2026 shows PayPal Payments Private Limited under 'Existing PAs-CB which can operate as Payment Aggregator- Cross Border' with 'In-Principle Authorisation Granted'. PayPal is not on RBI's list of Certificates of Authorisation dated 16 October 2026.467
Cashfree PaymentsRegistered businesses paid by local transfer89Cashfree says Global Collections has no forex markup and that it handles conversion to INR in real time. The exchange rate used and any spread are not published.10118Global Collections: Not published. The pricing page shows 'Request Price' and describes a 'Low, processing fee; no hidden charges'. Cashfree says there is no setup cost.1211Not estimated: pricing not fully publishedCashfree's Global Collections page says an e-FIRA is generated at no extra cost within 1 day. Its documentation says its AD-1 partner bank issues an eFIRS on a T+1 basis, obtained by request through the support form or account manager. For the card gateway, Cashfree mentions monthly FIRC reports and instant FIRS.11101314Global Collections: Not published for the exporter. Cashfree says funds are swept to a NOSTRO account and repatriated to India no later than seven days after credit. International card gateway: T+2 per Cashfree's documentation.1114Cashfree Payments India Private Limited appears on the RBI list of authorised payment system operators as a Payment Aggregator (online and physical) and as PA-CB I & O, which the RBI defines as a Payment Aggregator, Cross Border facilitating inward and outward transactions. Cashfree's own pages also say Global Collections operates under the RBI's OPGSP (Online Payment Gateway Service Provider) guideline.151013
PingPongCollecting marketplace and processor payouts1617Not published as a percentage. PingPong's terms say conversion happens at the rate PingPong determines at the time of the transaction, at its sole and absolute discretion.PingPong says creating an account and receiving payments is free of charge, and that most virtual accounts are free to use.1819Not estimated: pricing not fully publishedPingPong says it provides a digital FIRC free of cost. You apply in the dashboard against the relevant transactions and PingPong says the application takes 3 to 5 business days.162021PingPong says INR withdrawals submitted before 2:30 pm succeed the same day (T+0) and after 2:30 pm the next day (T+1); non-INR withdrawals succeed within 1 to 3 days. Its freelancer page says 1 to 2 working days to an Indian account.2217PingPong says its India Liaison Office is approved by the RBI (unique identification number BGLO19008226) and that PingPong acts in India as an Online Payment Gateway Service Provider (OPGSP). Its terms for Indian customers cite the RBI Payment Aggregator Cross Border (PA-CB) rules and say funds are held in an Export Collection Account with an Authorised Dealer bank in India. PingPong does not appear among the PA-CB entities in the RBI list of Certificates of Authorisation dated 16 October 2026. Under the RBI Master Direction of 15 September 2025, the older OPGSP circulars continue only for an existing PA-CB that applied for authorisation on or before 30 April 2024 and whose application is still pending. Whether PingPong has such a pending application is not published on the pages checked.2324252627
WiseBank transfers to local account details28Mid-market exchange rate plus a conversion fee that Wise says depends on the currency. No percentage is published for conversion to INR; the amount is shown in Wise's calculator.2930Wise's India help article says it charges an equivalent of 2 USD in the received currency for the transfer to the INR bank account that issues the e-FIRC. Wise's India receive pricing page describes a free eFIRC for every transfer. The general Wise Business fee table on Wise's India site lists 6.11 USD per USD wire or Swift payment, 2.16 GBP per GBP Swift payment and 2.39 EUR per EUR Swift payment, with domestic (non-Swift, non-wire) payments free; Wise's India-specific receive pages do not repeat these Swift fees. 18% GST applies to Wise fees.282931Not estimated: pricing not fully publishedAn e-FIRC for each transfer, emailed to the registered address within 3 working days and downloadable from the transfer page. The help article links it to the 2 USD equivalent fee; the pricing page calls it free.2829Wise says the INR payment reaches the Indian bank account within 1 to 2 days and that more than 50% of transfers settle within 2 hours of pay-in. The client's payment takes 0 to 3 working days to reach Wise by local methods and 2 to 6 working days by SWIFT.28RBI's list of authorised payment aggregators dated 16 October 2026 includes Wise Payments India Private Limited as a Payment Aggregator, Cross Border, facilitating inward transactions (PA-CB-I), authorised on 12 March 2026. Wise's India receiving pages do not name the Wise entity that handles inward payments.728

The order comes only from published pricing. Cashfree Payments, PingPong and Wise do not publish enough to estimate a cost.

Why do you receive less than the mid-market NZD to INR rate?

You receive less than the mid-market NZD to INR rate because banks and platforms convert at their own rate and may charge a fee on top. Today's NZD to INR reference rate is derived from European Central Bank data.33

For example, a 2% conversion markup on NZD 8,900 costs NZD 178 before any fee. Your FIRA shows the rate actually used,35 so compare it with the reference rate for that day using the FX markup calculator.

How much INR do you receive on $2,000, $5,000 and $10,000 from New Zealand?

The INR you receive from New Zealand depends on the platform. The table works this out from published pricing at today's rate, in NZD.

PlatformBest forINR on NZD 3,600INR on NZD 9,000INR on NZD 18,000Cost on NZD 9,000
PayPalMost INRInternational commercial transaction received into a PayPal account (PayPal checkout or invoice)Clients paying by card or PayPal balance₹1,72,232 to ₹1,74,026₹4,30,613 to ₹4,35,099₹8,61,249 to ₹8,70,2217.27 to 8.23%

Not estimated because pricing for NZD is not fully published: PingPong, Wise.

Ranked by INR received on NZD 9,000. Reference rate: European Central Bank data for 13 November 2026. Fees, conversion markup, GST on fees and FIRA charges as published by each provider, checked 28 October 2026. Ranges appear where a provider publishes a range or does not state its GST rate. Intermediary bank charges are excluded. See the methodology.

What should you consider when choosing how to get paid from New Zealand?

Consider the total cost and your client's convenience when choosing how to get paid from New Zealand.

  • Total cost: add the fee, the conversion markup and GST on fees, not just the headline fee.
  • Local rail coverage: a local NZD account lets the client pay without an international wire.
  • Settlement speed: check how many working days the rupees take to reach your bank.
  • FIRA: make sure you get a FIRA or e-FIRC for every receipt.
  • Client experience: ask how your client prefers to pay before you choose.
  • Support: check how the platform handles held or returned payments.

What documents and compliance apply to payments from New Zealand?

Payments from New Zealand follow the same Indian rules as any export of services.

  • Export status: work for a client in New Zealand is an export of services when all five conditions in section 2(6) of the IGST Act are met.36 Use the export of services checker if you are unsure.
  • EDF: from 1 October 2026 you give an Export Declaration Form (EDF) to your bank, usually within 30 days from the end of the month of invoicing.32 See the EDF for service exporters.
  • Realisation: the payment must arrive within nine months of the invoice date.32
  • FIRA and purpose code: keep the FIRA or bank advice for each receipt and check that it shows the right purpose code.35
  • e-BRC: generate an e-BRC on the DGFT portal where you need one.37

What tax applies to money received from New Zealand?

Money received from New Zealand is zero-rated for GST and taxable as income in India, and the client may deduct tax in New Zealand.

  • GST: an export of services is a zero-rated supply, so a registered supplier with an LUT invoices it without GST.3839

  • Treaty: India and New Zealand have a comprehensive DTAA done at Auckland on 17 October 1986, in force from 3 December 1986, amended by later Protocols including a Third Protocol signed at New Delhi on 26 October 2016.1

  • Article on technical services: Article 12 (Royalties and Fees for Technical Services).1

  • Treaty rate: 10% of the gross amount of the royalties or fees for technical services, as substituted by Notification G.S.R. 37(E) dated 12 January 2000.1 Fees for technical services are defined as payments for services of a managerial, technical or consultancy nature, including the provision of technical or other personnel, excluding payments to employees and to individuals for independent personal services under Article 14; there is no make-available wording. The Third Protocol replaced the exchange of information article and added an article on assistance in collection; it did not change Article 12. The text has no MFN clause.1

New Zealand's Inland Revenue says payers generally deduct tax from schedular payments to non-resident contractors, at a default rate of 15% (higher no-notification rates apply without a completed IR330C), but a contractor who provides services from outside New Zealand and has no presence in New Zealand is not a non-resident contractor.40

If tax is deducted, you may be able to claim credit for it against your Indian tax on the same income; from tax year 2026-27 the claim is made in Form 44.41 See foreign tax credit and DTAA for Indian exporters.

How did we verify this?

We checked this page against the sources below on 28 October 2026. Provider fees, conversion markups and RBI payment aggregator (PA-CB) status were checked on 28 October 2026. Rupee amounts use European Central Bank reference rates for 13 November 2026. Read our methodology or report an error.

  1. [1]Income Tax Department: India-New Zealand DTAA text
  2. [2]PayPal India, PayPal Merchant Fees (page last updated 28 March 2024) (checked 2026-10-28)
  3. [3]PayPal India, Foreign Inward Remittance Advise (FIRA) (checked 2026-10-28)
  4. [4]PayPal India, User Agreement for PayPal Services (last updated 13 January 2025) (checked 2026-10-28)
  5. [5]PayPal India Help, How do I transfer funds to my bank account? (checked 2026-10-28)
  6. [6]RBI, Status of Applications received under Payment and Settlement Systems Act, 2007, as on 16.10.2026, Table D (checked 2026-10-28)
  7. [7]RBI, Certificates of Authorisation issued under the Payment and Settlement Systems Act, 2007, 16 October 2026 (checked 2026-10-28)
  8. [8]Cashfree Payments Docs, Global Collections overview (checked 2026-10-28)
  9. [9]Cashfree Payments Docs, Global Collections: Collection Accounts (checked 2026-10-28)
  10. [10]Cashfree Payments, Cross Border Payment solutions: Accept international payments (checked 2026-10-28)
  11. [11]Cashfree Payments, Global Collections: International wire transfer for Indian businesses (checked 2026-10-28)
  12. [12]Cashfree Payments, Payment Gateway Charges (India), International Cards, Global Collections and Cross Border FAQ (checked 2026-10-28)
  13. [13]Cashfree Payments Docs, Global Collections FAQs (checked 2026-10-28)
  14. [14]Cashfree Payments Docs, International Payment Gateway (IPG) overview (checked 2026-10-28)
  15. [15]RBI, Certificates of Authorisation issued under the Payment and Settlement Systems Act, 2007 for setting up and operating payment systems in India, Payment Aggregators table (checked 2026-10-28)
  16. [16]PingPong India, home page (checked 2026-10-28)
  17. [17]PingPong India, Freelancers and Service Providers (checked 2026-10-28)
  18. [18]PingPong India Help Center, What is the charging standard? (checked 2026-10-28)
  19. [19]PingPong India Help Center, How does your virtual account charge? (checked 2026-10-28)
  20. [20]PingPong India, Value Added Services (checked 2026-10-28)
  21. [21]PingPong India Help Center, How can I get a FIRC? (checked 2026-10-28)
  22. [22]PingPong India Help Center, How can I withdraw funds from my PingPong account? (checked 2026-10-28)
  23. [23]PingPong India, License and Regulation (checked 2026-10-28)
  24. [24]PingPong India, About Us (checked 2026-10-28)
  25. [25]PingPong Service Terms and Conditions, section 3.1, section 9.3 and Exhibit A (Applicable to Customer Location in India) (checked 2026-10-28)
  26. [26]RBI: Certificates of Authorisation issued under the Payment and Settlement Systems Act, 2007, Payment Aggregators (PA-O, PA-P and PA-CB), dated 16 October 2026 (checked 2026-10-28)
  27. [27]RBI: Master Direction on Regulation of Payment Aggregator, 15 September 2025, paragraphs 11(d) and 19
  28. [28]Wise Help Centre, Receiving payments for Indian businesses (checked 2026-10-28)
  29. [29]Wise India, Fees for getting paid (Wise Business receive pricing) (checked 2026-10-28)
  30. [30]Wise India, Receive international payments (checked 2026-10-28)
  31. [31]Wise India site, Wise Business pricing, fees at a glance (checked 2026-10-28)
  32. [32]RBI: Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, amended up to 22 September 2026 (regulations 3, 4 and 5)
  33. [33]European Central Bank: euro foreign exchange reference rates
  34. [34]Payments NZ: Our payment systems (checked 2026-10-28)
  35. [35]RBI: A.P. (DIR Series) Circular No. 84 dated 29 February 2012, purpose codes for reporting under FETERS
  36. [36]IGST Act, 2017, section 2(6): definition of export of services (CBIC)
  37. [37]DGFT: eBRC services (self-generation of e-BRC from bank inward remittance data)
  38. [38]IGST Act, 2017, section 16: zero-rated supply (CBIC)
  39. [39]GST Portal user guide: Furnishing of Letter of Undertaking (FORM GST RFD-11)
  40. [40]Inland Revenue (New Zealand): Non-resident contractors (checked 2026-10-28)
  41. [41]Income-tax Rules, 2026, rule 76 and Form 44 (foreign tax credit), notified 20 March 2026

Frequently asked questions

What is the cheapest way to receive money from New Zealand to India?+

No tracked platform publishes full pricing for receiving NZD, so there is no cheapest route on published fees. Compare written quotes, and check the rate on your FIRA against the reference rate after the first payment from New Zealand.

Do I charge GST to a client in New Zealand?+

No, if the work meets the five export conditions and you invoice under an LUT. An export of services to a client in New Zealand is a zero-rated supply, so a registered supplier with an LUT invoices it without GST.3638

How long can a client in New Zealand take to pay?+

RBI rules require the payment from New Zealand to be realised within nine months of the invoice date for exports invoiced from 1 October 2026, or twelve months if the invoice is in rupees.32

Does India have a tax treaty with New Zealand?+

Yes. India and New Zealand have a comprehensive DTAA done at Auckland on 17 October 1986, in force from 3 December 1986, amended by later Protocols including a Third Protocol signed at New Delhi on 26 October 2016. 10% of the gross amount of the royalties or fees for technical services, as substituted by Notification G.S.R. 37(E) dated 12 January 2000.1

Do I need a SWIFT code to receive money from New Zealand?+

Only for an international wire. If your client in New Zealand pays into local NZD account details from a payment platform, the client uses those local details instead. For a wire to your Indian bank, the client needs your bank's SWIFT code and your account number.

How do I track a payment from New Zealand that has not arrived?+

For a wire, ask your client for the SWIFT confirmation (often called the MT103) and share it with your bank. For a platform payment, check the payment status in your platform account and contact its support with the client's transfer reference.

Can I hold NZD received from New Zealand instead of converting it?+

Some exporters keep foreign currency in an Exchange Earner's Foreign Currency (EEFC) account with an Indian bank, but most payment platforms convert to INR automatically. See the [EEFC account guide](/blog/eefc-account-benefits) for the rules and limits.

Can a client in New Zealand pay me by card?+

Yes, through a platform that offers a card checkout or payment link. On published fees, the cheapest card or link route for NZD 8,900 costs about 7.27 to 8.23%.23 Card pricing is usually higher than a bank transfer.

This page is general information for Indian service exporters, not tax or legal advice. Rules change and outcomes depend on your facts, so confirm with a chartered accountant before acting.

Keep reading

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