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Find the best ways to send money to India from Canada

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Compare 17 results

  • 500 CAD =
    29,700 INR
    3-5 days
    Preferential fee and/or exchange rate only on your first transfer
    Best deal
    Monito Score
    9.0
    Go to Remitly
    You pay
    500 CAD
    Payment options
    Preferential fee and/or exchange rate only on your first transfer
    Offer valid for Remitly new customers only.
    • Bank transfer 3-5 days
      0 CAD
    • Credit card Same day
      0 CAD
    • Debit card Same day
      0 CAD
    Exchange rate
    Preferential fee and/or exchange rate only on your first transfer
    Offer valid for Remitly new customers only.
    Remitly's exchange rate (1 CAD = 59.4000 INR) is 1.34% better than the mid-market exchange rate, subtracting -6.70 CAD from the total cost of this transfer.
    4.82 CAD -6.70 CAD
    29,700 INR
    arrives in India
  • 500 CAD =
    29,350 INR
    Next day
    1st transfer is FREE up to £1000 equivalent for Monito users
    350.20 INR less than with Remitly
    Monito Score
    9.5
    Go to Wise
    You pay
    500 CAD
    Payment options
    1st transfer is FREE up to £1000 equivalent for Monito users
    Applies to new Wise customers only. Available on first transfer only.
    • Debit card Next day
      11.54 CAD 0 CAD
    • Credit card Next day
      14.65 CAD 0 CAD
    • Bank transfer 3-5 days
      4.85 CAD 0 CAD
    • Direct bank payment 3-5 days
      5.15 CAD 0 CAD
    Exchange rate
    Wise's exchange rate (1 CAD = 58.6996 INR) is 0.14% better than the mid-market exchange rate, subtracting -0.72 CAD from the total cost of this transfer.
    -0.71 CAD -0.72 CAD
    29,350 INR
    arrives in India
  • 500 CAD =
    29,201 INR
    2 days
    Get 30 CAD off your first two transaction using code GET60
    498.90 INR less than with Remitly
    Monito Score
    8.0
    Go to InstaReM
    Get 30 CAD off your first two transaction using code GET60
    You pay
    500 CAD
    Payment options
    • Bank transfer 2 days
      0 CAD
    Exchange rate
    InstaReM's exchange rate (1 CAD = 58.4022 INR) is 0.36% worse than the mid-market exchange rate, adding 1.82 CAD to the total cost of this transfer.
    1.82 CAD
    29,201 INR
    arrives in India
  • 500 CAD =
    29,104 INR
    In minutes
    Preferential exchange rate
    596.43 INR less than with Remitly
    Monito Score
    7.8
    Go to XE Money Transfer
    You pay
    500 CAD
    Payment options
    • Bank transfer In minutes
      0 CAD
    Exchange rate
    Preferential exchange rate
    Offer valid for XE Money Transfer new customers only
    XE Money Transfer's exchange rate (1 CAD = 58.2071 INR) is 0.70% worse than the mid-market exchange rate, adding 3.48 CAD to the total cost of this transfer.
    3.48 CAD
    29,104 INR
    arrives in India
  • 500 CAD =
    28,768 INR
    2 days
    932.17 INR less than with Remitly
    Monito Score
    8.9
    Go to Paysend
    You pay
    500 CAD
    Payment options
    • Debit card 2 days
      0 CAD
    Exchange rate
    Paysend's exchange rate (1 CAD = 57.5357 INR) is 1.84% worse than the mid-market exchange rate, adding 9.21 CAD to the total cost of this transfer.
    9.21 CAD
    28,768 INR
    arrives in India
  • 500 CAD =
    28,750 INR
    Same day
    950.13 INR less than with Remitly
    Monito Score
    7.7
    Go to MoneyGram
    You pay
    500 CAD
    Payment options
    • Credit card Same day
      4.99 CAD
    Exchange rate
    MoneyGram's exchange rate (1 CAD = 58.0794 INR) is 0.91% worse than the mid-market exchange rate, adding 4.52 CAD to the total cost of this transfer.
    4.52 CAD
    28,750 INR
    arrives in India
  • 500 CAD =
    28,702 INR
    In minutes
    998.30 INR less than with Remitly
    Monito Score
    8.4
    Go to Skrill
    You pay
    500 CAD
    Payment options
    • Debit card In minutes
      0 CAD
    • Cash 2 days
      0 CAD
    • Credit card In minutes
      2.50 CAD
    Exchange rate
    Skrill's exchange rate (1 CAD = 57.4034 INR) is 2.07% worse than the mid-market exchange rate, adding 10.34 CAD to the total cost of this transfer.
    10.34 CAD
    28,702 INR
    arrives in India
  • 500 CAD =
    28,699 INR
    Same day
    ZERO fees on your first THREE transfers with code 3FREE
    1,000.60 INR less than with Remitly
    Monito Score
    7.8
    Go to WorldRemit
    You pay
    500 CAD
    Payment options
    ZERO fees on your first THREE transfers with code 3FREE
    New WorldRemit customers only. Apply the code during the transfer process in the ‘PROMO CODE’ section for each of first 3 transfers to get the discount.
    • Credit card Same day
      2.99 CAD 0 CAD
    • Debit card Same day
      2.99 CAD 0 CAD
    • Direct bank payment Same day
      2.99 CAD 0 CAD
    Exchange rate
    WorldRemit's exchange rate (1 CAD = 57.3988 INR) is 2.07% worse than the mid-market exchange rate, adding 10.37 CAD to the total cost of this transfer.
    10.31 CAD 10.37 CAD
    28,699 INR
    arrives in India
  • 500 CAD =
    27,973 INR
    3-5 days
    1,727.28 INR less than with Remitly
    Monito Score
    5.4
    Go to PayPal
    You pay
    500 CAD
    Payment options
    • Bank transfer 3-5 days
      4.99 CAD
    • PayPal 3-5 days
      4.99 CAD
    Exchange rate
    PayPal's exchange rate (1 CAD = 56.5094 INR) is 3.59% worse than the mid-market exchange rate, adding 17.78 CAD to the total cost of this transfer.
    17.78 CAD
    27,973 INR
    arrives in India
  • 500 CAD =
    27,691 INR
    3-5 days
    ZERO fees on your first 10 transfers
    2,009.12 INR less than with Remitly
    Monito Score
    8.0
    Go to CurrencyFair
    You pay
    500 CAD
    Payment options
    ZERO fees on your first 10 transfers
    Offer valid for CurrencyFair new customers only. You only pay the exchange rate margin.
    • International bank transfer 3-5 days
      2.06 CAD 0 CAD
    Exchange rate
    CurrencyFair's exchange rate (1 CAD = 58.3125 INR) is 0.52% worse than the mid-market exchange rate, adding 2.58 CAD to the total cost of this transfer.
    2.57 CAD 2.58 CAD
    Bank fees
    Because CurrencyFair doesn't use a local bank account to receive your transfer, additional fees may be applied by your bank. We estimate an amount of 25 CAD, however the exact amount varies from bank to bank.
    25 CAD
    27,691 INR
    arrives in India
  • 500 CAD =
    27,014 INR
    3-5 days
    2,685.58 INR less than with Remitly
    Monito Score
    ?
    Go to Scotiabank
    Your transfer
    You pay
    500 CAD
    Payment options
    • Bank transfer 3-5 days
      1.99 CAD
    Exchange rate
    Scotiabank's exchange rate (1 CAD = 56.8150 INR) is 3.07% worse than the mid-market exchange rate, adding 15.29 CAD to the total cost of this transfer.
    15.29 CAD
    Bank fees
    Because Scotiabank doesn't use a local bank account to pay out the transfer, additional fees may be applied by the receiving bank. We estimate an amount of 21.84 CAD, however the exact amount varies from bank to bank.
    21.84 CAD
    27,014 INR
    arrives in India
  • 500 CAD =
    26,425 INR
    3-5 days
    3,274.99 INR less than with Remitly
    Monito Score
    ?
    Go to Royal Bank of Canada
    Your transfer
    You pay
    500 CAD
    Payment options
    • Bank transfer 3-5 days
      13.50 CAD
    Exchange rate
    Royal Bank of Canada's exchange rate (1 CAD = 56.9476 INR) is 2.84% worse than the mid-market exchange rate, adding 13.84 CAD to the total cost of this transfer.
    13.84 CAD
    Bank fees
    Because Royal Bank of Canada doesn't use a local bank account to pay out the transfer, additional fees may be applied by the receiving bank. We estimate an amount of 21.84 CAD, however the exact amount varies from bank to bank.
    21.84 CAD
    26,425 INR
    arrives in India

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

Monito compares 16 providers to send money from Canada to India.

If the beneficiary of your transfer wants to receive Indian rupees in his bank account in India, then Remitly currently offer the best deal you can get with zero transfer fees and a very competitive CAD-INR conversion rate (their current rate is 1 CAD = 59.4 INR).

Adding the fees and exchange rate margin, the total cost with Remitly is -6.7 CAD, but you would pay a total cost of 49.18 CAD (approximately -7x as much) if you were to use Royal Bank of Canada for the very same transaction.

Two other options are worth considering: Wise and InstaReM.

If the beneficiary of your transfer wants to be able to pick up Indian rupees in cash in India, then the most competitive option currently is Remitly, with no transfer fees and a very competitive CAD-INR conversion rate (currently at 1 CAD = 59.4 INR).

In comparison, you would pay a total cost of 7.53 CAD if you chose to use MoneyGram to make the same transfer with cash pick-up as the pay-out option.

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$1000.00 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

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$50,000.00 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$50,000.00 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$750.00 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$40.00 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 between under 0.50% to two 2.00% 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$100.00 is worth ₹5,380.00, but a currency provider sends ₹5,310.00 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.

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:

The Best Ways To Send Money From Canada to India

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:

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.

  • Monito's experts spend hours researching and testing services

  • Affiliate commissions we may receive never impact our independence

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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Instead of banner ads and paywalls, Monito makes money through affiliate links to the various payment service providers featured on our website. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations.