Best Way to Send Money from Canada to India

Compare live CAD to INR exchange rates and fees from top providers. Find the cheapest and fastest way to send money from Canada to India.

What is the cheapest way to send money from Canada to India?

The cheapest way to send money from Canada to India is through Wise, Remitly, or ICICI Money2India, which offer competitive CAD to INR rates with low fees starting from C$1–$3. Canadian banks charge C$15–$50 per wire transfer plus a 2–3% exchange rate markup.

CAD
Indian Rupee

Click "Compare Rates" to see live exchange rates from 15+ providers for CAD to INR transfers.

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Tips for Sending Money from Canada to India

  • Use Interac e-Transfer to fund your transfer — it is faster and cheaper than Canadian bank wires.
  • ICICI Money2India offers quick processing for ICICI account holders with competitive CAD-INR rates.
  • FINTRAC requires identity verification for transfers above C$1,000 — have your documents ready.
  • Compare providers for your specific amount — pricing varies significantly between C$500 and C$5,000 transfers.

Regulatory Information

Canadian transfers are regulated by FINTRAC. Identity verification is required for transfers above C$1,000. India has no receiving limit for NRE/NRO accounts under FEMA.

Frequently Asked Questions: Canada to India Transfers

How long does a money transfer from Canada to India take?
Most digital services deliver CAD to INR transfers within 1–3 business days. Interac-funded transfers are usually faster than bank wire transfers. ICICI Money2India offers quick processing for ICICI account holders.
Can I use Interac to send money to India?
Yes, several providers including Wise and Remitly accept Interac e-Transfer as a funding method from Canadian bank accounts. This is often the fastest and cheapest way to fund your transfer.
What is the limit for sending money from Canada to India?
FINTRAC regulations require identity verification for transfers above C$1,000. Most providers allow up to C$50,000 per transfer for fully verified accounts. India has no receiving limits for NRE/NRO account remittances.
Do Canadian banks charge fees for sending money to India?
Yes, Canadian banks typically charge C$15–$50 per international wire transfer, plus a 2–3% markup on the exchange rate. Digital transfer services are significantly cheaper, often saving you C$30–$80 per transfer.

Rates and provider data updated daily. Page last reviewed: March 2026.

Reviewed by Tarika Chandel

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