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Find the best ways to send money to India from Canada

RemitlyWisePayPalWorldRemitWestern Union
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Compare 13 providers for a 500 CAD transfer from Canada to India

Results updated 7 hours ago.

For the most up-to-date and accurate results, start a new search

  • Sponsored
    WorldRemit
    7.8
    Over 4 million users
    Zero fees on your first 3 transfers with code 3FREE
    Same day

    Recipient gets

    • Pay by: Debit card, Credit card, Direct bank payment

      30,339 INR

      30,158 INR

Compare 12 providers

Sorted by amount received

  • Best deal
    Panda Remit
    ?
    Pay zero transfer fees and get 5 CAD off your first transfer
    In minutes

    Recipient gets

    • Pay by: Bank transfer, Debit card

      30,803 INR

  • Remitly
    8.8
    Money-back guarantee
    Preferential fee and/or exchange rate on your first transfer
    Same day

    Recipient gets

    • Pay by: Credit card, Debit card

      30,760 INR

      30,285 INR


    4 to 6 days

    Recipient gets

    • Pay by: Bank transfer

      30,760 INR

      30,285 INR

  • XE Money Transfer
    7.8
    Popular with Monito users
    Preferential exchange rate for new customers
    In minutes

    Recipient gets

    • Pay by: Bank transfer

      30,676 INR

      30,661 INR

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  • InstaReM
    8.0
    20 CAD off your first transfer with code NEW20
    2 to 3 days

    Recipient gets

    • Pay by: Bank transfer

      30,553 INR

  • Wise
    9.5
    Over 120,000 five-star reviews on Trustpilot
    Locked-in exchange rates
    Next day

    Recipient gets

    • Pay by: Direct bank payment

      30,349 INR

    • Pay by: Debit card

      29,777 INR

    • Pay by: Credit card

      29,580 INR


    2 days

    Recipient gets

    • Pay by: Bank transfer

      30,281 INR

  • WorldRemit
    7.8
    Over 4 million users
    Zero fees on your first 3 transfers with code 3FREE
    Same day

    Recipient gets

    • Pay by: Debit card, Credit card, Direct bank payment

      30,339 INR

      30,158 INR

  • MoneyGram
    7.7
    Same day

    Recipient gets

    • Pay by: Credit card

      30,169 INR

  • Skrill
    8.4
    Next day

    Recipient gets

    • Pay by: Debit card

      29,992 INR

    • Pay by: Credit card

      29,842 INR

  • Xendpay
    6.6
    2 days

    Recipient gets

    • Pay by: Credit card, Debit card

      29,623 INR

  • CurrencyFair
    8.6
    2 to 4 days

    Recipient gets

    • Pay by: International bank transfer

      28,849 INR

      Estimated

  • Scotiabank
    ?
    Not recommended Consistently poor exchange rates, high fees and low customer satisfaction.
    3 to 5 days

    Recipient gets

    • Pay by: Bank transfer

      28,439 INR

      Estimated

    Details
  • Royal Bank of Canada
    ?
    3 to 5 days

    Recipient gets

    • Pay by: Bank transfer

      27,355 INR

      Estimated

We source transfer fees, rates and other data from money transfer providers in different ways - in most cases in real time. We constantly monitor the quality of our comparison data, but we cannot guarantee its accuracy.

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How to send money from Canada to India at the best rate?

We found 13 providers available for sending money to India from Canada.

To transfer your Canadian dollars to a bank account in Indian rupees in India, the cheapest option is currently Panda Remit, with zero transfer fees and a good CAD-INR conversion rate (their current exchange rate is 1 CAD = 61.6068 INR).

In comparison, the total cost would be 55.09 CAD (which is roughly -56x more) if you wanted to use Royal Bank of Canada to make the same transaction.

Two other options that could be interesting for your transfer are Remitly and XE Money Transfer.

You need the money in cash? We also compare 2 money transfer companies able to send Indian rupees in cash in India: the most competitive option currently is Remitly, with no transfer fees and a very competitive CAD-INR conversion rate (their current rate is 1 CAD = 61.52 INR).

In comparison, the total cost would be 7.34 CAD if you wanted to use MoneyGram to make the same transfer.

This recommendation was updated a few minutes ago.

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Monito's Recommendations for Sending Money from Canada to India

Today's cheapest money transfer service might not be the cheapest tomorrow. Find the one that's best suited to your needs and preference by comparing the best performers on Monito's comparison engine over the past 30 days for transfers from Canada to India:

recommendation icon

Best Ways to Send Money from Canada to India

The Cheapest Ways to Transfer Money From Canada to India

  1. Remitly with 0.86% total fees
  2. Instarem with 1.24% total fees
  3. Skrill with 2.34% total fees
  4. MoneyGram with 3.80% total fees
  5. Wise with 3.84% total fees

Ranked by % total fees (incl. exchange rate margin) to send US$1000 on average in the past 30 days.

The Best Payment Method to Transfer Money to India From Canada

  1. Via a bank transfer with Wise
  2. By debit card with Remitly
  3. By credit card with Remitly
  4. Via direct ACH bank payment with Wise
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Living in India?

If you are living in India and want to receive money cheaply from your friends and loved ones abroad, then take a look at our in-depth guide here.

How To Send Money to India From Canada Online

  1. Compare money transfer services on Monito’s real-time comparison engine
  2. Open an account online
  3. Set up your transfer using your beneficiary's bank details in India
  4. Fund your transfer by UPI transfer, debit or credit card
  5. Click 'Send' and — voilà! Your money is on its way 💸

How To Send Money From Canada to India

If you're like most NRIs sending money to India from Canada, you probably want to keep your currency exchange fees to an absolute minimum when converting from Canadian dollars to rupees. Using Monito's comparison engine and savvy how-to guides, you can find exactly how to transfer money from Canada to India by taking advantage of the simplest, speediest, and most secure ways to transfer money from Canada to India — no matter the amount or the pay-out method.

First, it's worth noting that although there are many ways to transfer money from Canada to India, not all of them are suited for your needs. Some (e.g. wire transfers with traditional banks) can often be costly and slow. In contrast, others (e.g. PayPal's international transfer arm Xoom) are popular among NRIs in Canada but still don't offer the fairest fees and exchange rates, the fastest transfer speeds, or the most flexible payment options of them all.

To find out how to transfer money from Canada to India, take a look at the overview below to discover how to transfer money from Canada to India for two of the most popular receiving methods — bank deposits, cash pickup, and credit and debit card payments:

How To Send Money From Canada to an Indian Bank Account

To transfer money from Canada to an Indian bank account, you will have two options. Firstly, you can make a wire transfer from Canada to India (also known as a "international wire transfer"), which is done from your Canadian bank account to your (or your recipient's) Indian one. Wire transfer from Canada to India are the preferred method of most high-street banks and tend to be very slow and pricey. See more about how to make a wire transfer in our in-depth guide here.

The other option you have is to make an ordinary domestic bank transfer (or card payment) to the local bank account of an international money transfer specialist service, which, in turn, will pay out the funds more quickly and cheaply to your recipient in India than the bank would.

When sending money from Canada to India, these specialist services are significantly faster and equally as secure as the banks, and everything is wrapped up at a fraction of the cost. This is because funds sent via wire transfers (the method most banks use to send money abroad) typically need to follow several steps as they pass via SWIFT, all of which add new time and costs to the process.

According to search data from Monito's comparison engine for money transfers from Canada to India between 2020 and 2021, the following transfer services were, on average, the cheapest for various transfer amounts to bank accounts:

Remitly: Canada to India

Remitly allows users to pay by bank transfer or credit and debit card payment, with funds being delivered to a bank account in India within a twenty-four hour period. It was the cheapest service for bank transfers from Canada to India on 59% of Monito comparisons between June 2020 and 2021.

Wise: Canada to India

Wise offers domestic bank transfers, wire transfers, and credit and debit card payments to be deposited into any Indian bank account. It was the cheapest service for bank transfers from Canada to India on 31% of Monito comparisons between June 2020 and 2021.

WorldRemit: Canada to India

WorldRemit, which offers speedy bank transfers and card payments to bank accounts in India was the cheapest service for bank transfers from Canada to India on 3% of Monito comparisons between June 2020 and 2021.

Skrill: Canada to India

A mobile wallet with a global reach, Skrill offers credit and debit card payments to Indian bank accounts from Canada. It was the cheapest service for bank transfers from Canada to India on 3% of Monito comparisons between June 2020 and 2021.

CurrencyFair: Canada to India

Another reliable option for bank-to-bank money transfers from Canada to India, CurrencyFair was the cheapest bank transfer service on 3% of Monito comparisons between June 2020 and 2021.

Using a Forex Provider To Send Money From Canada to India

If you'd like to send money from Canada to India in the order of C$50,000 or above, then your best bet will be to use a foreign exchange broker. These services are similar to ordinary money transfer and remittance services. The main difference is that they're specialised in large transfers and can negotiate favorable exchange rates on your behalf.

According to search data on Monito's comparison engine from 2020 and 2021, the specialist service Currency Solutions was, on average, the cheapest available forex broker for Canada to India money transfers, being the cheapest service on 40% of all searches above C$50,000 during that period.

Money Collection Options in India

With around 200 million Indian residents not yet having access to a bank account, cash pickup services can be a valuable option for many NRIs living abroad. We’ve shown these details below. Between June 2020 and 2021, MoneyGram was by far the cheapest Canada to India money transfers option for cash-pickup, offering the best deal with nearly half (45%) of respective comparisons on Monito.

The Best Ways to Transfer Money From Canada to India

When you’re transferring money between Canadian dollars (CAD) and Indian rupees (INR), you probably want to keep your currency exchange fees to an absolute minimum. Using Monito, you can find the simplest, speediest, and most secure ways to convert your money and send it from Canada to India.

Whatever your needs, our savvy tools can save you money. Whether you’re going on holiday in India, helping out your family and friends, taking care of daily expenses or something else, we’ll share the cheapest and best money transfer providers. That way, the person getting the rupees has more cash in their pockets, and that’s good for both of you.

Sending Money From Canada to India: You’re Probably Paying Too Much To Transfer CAD to INR

Canadian residents send around C$3.5 billion to India every year, and traditional banks, PayPal, and some currency exchange businesses charge unnecessarily high fees to move these funds. By our estimates, these charges amount to around C$145 million in unnecessary fees are spent each year — that's around C$750 per person if only around 200 thousand Canadian residents are converting their Canadian dollars to rupees.

Avoid the fees by taking control of your money transfer habits. Run a search on Monito's comparison engine to find the best service in real-time.

How You Get Charged To Transfer CAD to INR

There are three main ways you could be overpaying when you’re converting between Canadian dollars and Indian rupees:

  • Fixed fees: This is a fixed CAD fee that banks and other services charge to convert and transfer money to India, which goes as high as C$40 per transfer.
  • Commission: This is a percentage you pay in fees on the total amount you transfer, meaning that the less you send, the less you pay. These percentage fees can range from under 0.5% to two 2% or more.
  • Exchange rate margin: This is when a currency exchange service offers a worse exchange rate than the mid-market exchange rate. For example, the standard exchange rate states that C$100 is worth ₹5,380, but a currency provider sends ₹5,310 to the beneficiary.

When we compare money transfer providers, we take all the fees into account and recommend the ones where your Canadian dollars go furthest. That keeps things simple and easy for you.

The Best Ways To Send Money From Canada to India

With fixed fees, commissions, and exchange rate margins factored into the equation, take a look at which money transfer services were cheapest on Monito's comparison engine between June 2020 and 2021 for different types of transfers:

Looking To Save on Every Transfer?

There's probably a fair chance that you're looking to save money on your transfers from Canada to India no matter the amount you send or the receiving method. If this sounds like you, then we recommend that you make a point of checking our comparison engine before every transfer. That way, you'll ensure that you both discover the cheapest service in real-time and make considerable savings on your transfers to India:

Cheapest Way to Send Money From Canada to India

Let's start with the most expensive solutions: banks, cash-based money transfers, and mobile payments apps like Paypal are typically costly options when you factor in all fees (including hidden exchange rate margin fees).

As we mentioned above, the cheapest way to transfer money internationally is to use a specialist money transfer service. They provide much more competitive rates, fees, and commissions than banks or Paypal. Their fees depend on various factors:

  • Pay-in options: Credit card, bank transfer, cash payment, etc.
  • Amount transferred from Canada to India: The cheapest operator will not necessarily be the same for a transfer of $500 and a transfer of $5,000.
  • Transfer speed: Does the money have to be available instantly, or can a beneficiary wait a few days?
  • Pay-out options: Will the money arrive in your beneficiary's bank account, or will they receive it in cash?

A dozen other parameters influence the price of sending money to India. You should check out Monito’s live comparison tool with dozens of services to find the cheapest or fastest one for you!

Fastest Way To Send Money to India From Canada

It is no surprise that your transfer speed depends on the method you choose to send your money from Canada to India.

Online money transfer providers are typically the fastest option. For example, Instarem offers transfers that will go to the recipient's account the same day, whereas Skrill and Wise offer transfers that arrive the next business day. 

When comparing the fastest options, always be sure to compare the exchange rate to check that you’re not getting a poor deal. More information about the quickest way to send money abroad can be found in our guide.

Frequently Asked Questions About How To Send Money From Canada to India

Everyone wins, except expensive solutions

With our model, the only losers are the expensive banks or providers you’ll stop using!

To ensure our independence, we always use transparent, objective and verifiable criteria in our comparison. No provider can buy their way to the top of our results.

We include as many providers as possible in our comparison and have partnerships with almost all major and innovative providers.

We make sure you never pay more than if you went directly to the provider of your choice. We even negotiate special offers for you with many of our partners.

  • You save money on your transfer by selecting the cheapest provider.

  • The best providers earn new customers without expensive marketing, helping keep their costs (and prices) low.

  • Monito receives a referral fee from the provider you selected. This enables us to offer our service to you for free.

Questions you may have

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.

Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

Learn more about Monito
  • Monito is Trusted by 15+ Millions Users across the globe.

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Mid-market exchange rate

To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.

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