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Find the best ways to send money to India from Canada

RemitlyWisePayPalWorldRemitWestern Union
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Top Providers For transfers from Canada to India

Based on 7,525 comparisons made by Monito users in the past 3 months.

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Best for Transfers to a Bank Account

Best of 14 providers. Compare all

Best for Transfers to Cash Pickup

  • Top provider
    Remitly Monito Score 9.3

    Cheapest

    in 100% of all comparisons

    Top rated

    in 100% of all comparisons

    Fastest

    in 100% of all comparisons

    Go to Remitly 

Best of 1 provider. Compare all

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Compare 14 provider for a 1,000 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
    8.3
    Over 4 million users
    Includes zero transfer fees on your first 3 transfers with code 3FREE

    Same day

    Recipient gets

    Fee Free

    Exchange rate 60.9275

    0.29% worse than mid‑market rate

    60,927 INR

    59,956 INR

Compare 10 providers

Sorted by amount received

  • Best deal
    Western Union
    8.6
    Includes zero transfer fees and/or preferential exchange rate on your first transfer

    In minutes

    Recipient gets

    Fee Free

    Exchange rate 61.4910

    0.64% better than mid‑market rate

    61,491 INR

    59,242 INR

  • Remitly
    9.3
    Money-back guarantee
    Includes preferential fee and/or exchange rate on your first transfer

    Same day

    Recipient gets

    Fee Free

    Exchange rate 61.3600

    0.42% better than mid‑market rate

    61,360 INR

    60,160 INR

  • Instarem
    8.4
    Includes preferential pricing for new users

    2 to 3 days

    Recipient gets

    Fee Free

    Exchange rate 60.9935

    0.18% worse than mid‑market rate

    60,994 INR

    60,737 INR

  • WorldRemit
    8.3
    Over 4 million users
    Includes zero transfer fees on your first 3 transfers with code 3FREE

    Same day

    Recipient gets

    Fee Free

    Exchange rate 60.9275

    0.29% worse than mid‑market rate

    60,927 INR

    59,956 INR

  • XE Money Transfer
    8.7
    Popular with Monito users

    In minutes

    Recipient gets

    Fee Free

    Exchange rate 60.7255

    0.62% worse than mid‑market rate

    60,726 INR

  • Wise
    9.5

    Next day

    Recipient gets

    Fee 8.21 CAD

    Exchange rate 61.1041

    As good as the mid‑market rate

    60,602 INR


    In minutes

    Recipient gets

    Fee 10.18 CAD

    Exchange rate 61.1041

    As good as the mid‑market rate

    60,482 INR

  • Skrill
    8.2
    30 CAD off your first transfer

    Up to 1 day

    Recipient gets

    Fee Free

    Exchange rate 59.8030

    2.13% worse than mid‑market rate

    59,803 INR

  • CurrencyFair
    7.8

    2 to 4 days

    Recipient gets

    Fee 29.36 CAD

    Exchange rate 60.6910

    0.67% worse than mid‑market rate

    58,909 INR

    Estimated

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

    3 to 5 days

    Recipient gets

    Fee 29.37 CAD

    Exchange rate 59.1086

    3.26% worse than mid‑market rate

    57,373 INR

    Estimated

    Details
  • Royal Bank of Canada
    ?

    3 to 5 days

    Recipient gets

    Fee 40.88 CAD

    Exchange rate 59.0319

    3.39% worse than mid‑market rate

    56,619 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.

Want to send money to Canada from India instead?

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Monito's Recommendations for Sending Money from Canada to India

Advertiser disclosure

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:

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Best Ways to Send Money from Canada to India

About Money Transfers from Canada to India

Monito compares 15 providers offering international money transfer services from Canada to India. The total cost of the cheapest available option at any given point in the past month was 0.0% of the transferred amount. In comparison, the total cost of the most expensive provider was on average 12.9%.

💸 Number of providers

15

🏆 Most often cheapest provider
💰 Average Lowest Total Cost

0.0%

💰 Highest Total Cost

12.9%

👍 Recommended Providers

Remitly, Panda Remit, Skrill, WorldRemit, Moneycorp, XE Money Transfer, Xendpay, Wise, Paysend, Royal Bank of Canada, CurrencyFair, OFX, Instarem, Currency Solutions

⚡ ️Fastest Transfer Time

In minutes

💳 Pay-in Options

Debit card, Bank transfer, International bank transfer, Credit card, Direct bank payment

💵 Pay-out Options

Bank account, Mobile wallet, Bank account (via international transfer), Cash pickup, Card

💸 Most transferred amount

1000 CAD

Compare Money Transfer Fees From Canada to India on Monito.com

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.

It's worth noting that although there are many ways to send money from Canada to India, not all of them are suited for your needs. Some can often be costly and slow, such as wire transfers with traditional banks A wire transfer can be made from your Canadian bank account to your (or your recipient's) Indian one in a process known as an "international wire transfer". This is the preferred method of most high-street banks and tends to be very slow and pricey. See more about how to make a wire transfer in our in-depth guide here.

Typically, remittance charges are levied for a wire transfer. However, the intermediary bank may charge a flat foreign currency conversion fee and a service tax amounting to a percentage (0.1%-1%) of the total amount transferred. It is best to consider all the applicable costs before choosing the best-suited service.

In contrast, others such as PayPal's international transfer arm Xoom are popular among NRIs in Canada. However, they still don't offer the fairest fees and exchange rates, the fastest transfer speeds, or the most flexible payment options of them all.

Take a look at the overview below to discover how to send money from Canada to India through 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

One option 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 than and as secure as the banks, wrapping everything 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.

Cheapest 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 send money 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.

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.

Best Ways to Send Money to India From Canada

According to search data from Monito's comparison engine, the following transfer services were among the best ways to send money from Canada to India over the last three months:

XE Money Transfer

XE Money Transfer enables payment via bank transfer, with funds being delivered to a bank account in India within minutes.

It was the cheapest service for bank transfers from Canada to India on 37% of Monito comparisons in the last three months. Currently, it comes second in terms of the amount received by the recipient bank in India. It has was the fastest service in the same time duration in 67% of all comparisons.

Remitly

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 second cheapest service for bank transfers from Canada to India in the last three months. However, currently, Remitly provides the cheapest bank transfer service from Canada to India. Coming to speed, Remitly was the fourth fastest service in the same time frame.

Paysend

Paysend accepts transfers through credit and debit cards to any Indian bank account.

In terms of cost-effectiveness and speed, this service held the third position for the past three months, according to Monito’s comparison engine. Currently, it is fourth in the list of cheapest services. It takes two days for the transferred money to reflect in the recipient's account.

Instarem

Instarem is another service that has quickly emerged as one of the cheapest transfer services, offering to send money from Canada to India via bank transfer.

It takes 2 to 3 days for the sent amount to reach the Indian bank account. The best part is, it is even offering C$20 bonus for the first two transfers for Monito users, using the code MONITO!

WorldRemit

WorldRemit, which offers same-day bank transfers and card payments to bank accounts is one of the cheapest and fastest services for senders of money from Canada to India.

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. However, currently, Remitly beats all cash pickup services in terms of cost, speed, and overall experience, with 100% of respective comparisons on Monito.

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 Canada to India money transfer. 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 lesser 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 consider all the fees 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 in the first three months of 2023 for different types of transfers:

% Cheapest

Time

Pay-In Method(s)

Pay-Out Method(s)

40%

In minutes

Bank transfer

Bank deposit

Go to XE

25%

1 business day

  • Bank transfer
  • Debit/credit card
  • Bank deposit
  • Cash pick-up
  • Mobile wallet
Go to Remitly

13%

2 to 3 business days

Bank transfer

Bank deposit

Go to Instarem

9%

1 business day

Debit card

Bank deposit

Go to Panda Remit

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:

Factors That Influence the Cost of Sending Money From Canada to India

We have already discussed that banks, cash-based money transfers, and mobile payment 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!

FAQ About How To Send Money From Canada to India

Best Rated Providers 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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