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Find the best ways to send money to Canada from India

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Compare 5 providers for a 35,000 INR transfer from India to Canada

Results updated 10 hours ago.

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Compare 5 providers

Sorted by amount received

  • Best deal
    InstaReM
    8.0
    500 INR off your first transfer with code MONIT500
    2 to 3 days

    Recipient gets

    • Pay by: Bank transfer

      560.20 CAD

      552.10 CAD

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

    Recipient gets

    • Pay by: Bank transfer

      553.91 CAD

  • Remitout
    ?
    Only available for Indian students
    Next day

    Recipient gets

    • Pay by: Direct bank payment, Cash

      528.36 CAD

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  • ICICI Bank
    ?
    Not recommended Consistently poor exchange rates, high fees and low customer satisfaction.
    1 to 3 days

    Recipient gets

    • Pay by: Bank transfer

      516.96 CAD

      Estimated

    Details
  • Kotak Mahindra Bank
    ?
    Not recommended Consistently poor exchange rates, high fees and low customer satisfaction.
    2 to 5 days

    Recipient gets

    • Pay by: Bank transfer

      506.90 CAD

      Estimated

    Details

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 India to Canada at the best rate?

To transfer your Indian rupees to a bank account in Canadian dollars in Canada, the cheapest provider currently is InstaReM, with competitive fees of 420 INR and a very competitive INR-CAD conversion rate (current rate: 1 INR = 0.0162 CAD).

In comparison, the total cost of your transfer would be 3,725.27 INR (around 9x more expensive) if you wanted to use Kotak Mahindra Bank for the very same transaction.

Two other money transfer solutions to consider include Wise and Remitout.

This recommendation was updated a few minutes ago.

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Monito's Recommendations for Sending Money from India to Canada

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 India to Canada:

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Best Ways to Send Money from India to Canada

How to Transfer Money From India to Canada

If you're sending money from India to Canada, you'll have two main options. One will be to go through your bank (which we don't recommend because of the high fees). Another option will be to use an international money transfer service.

1 — How to Transfer Money to a Canadian Bank Account

Using an online international money transfer service is the fastest and cheapest way to transfer money from India to Canada. There are several top online transfer platforms that offer INR to USD transfers, including:

  • Wise
  • Remitout
  • Instarem

In general, money transfer services are the best way to send money abroad not only because they're the cheapest, but also because they're usually the fastest and easiest to use options out there. Find out more about money transfer services here.

2 — Bank Transfers From India to Canada

Using your bank — whether it be ICICI Bank, SBI, Kotak Mahindra Bank, or any other — is indeed a reliable option for sending money from your bank account to a bank account in Canada. However, it's very expensive and transfers usually take a long time to arrive (between two and five business days). This is because bank transfers go over SWIFT, which involves many steps along the way.

In fact, sending money from India to Canada with ICICI Bank, for example, can be around 10% more expensive than making the same transfer with a top money transfer service online. It's for this reason that we generally don't recommend banks to get the job done. Learn more about why online platforms are better than banks for international transfers in our in-depth guide.

3 — Google Pay India to Canada

A lot of people wonder whether or not they can use Google Pay to send money from India to Canada. Unfortunately, it's not yet possible to send money this way at this time, as Google Pay only supports international money transfers from the US.

Online Money Transfers to Canada From India

Would you describe yourself as tech-savvy? Then you'll find online money transfers very handy. The good news is that you could get more Canadian dollars for your rupees by switching to one of the online money transfer providers, for example, Wise, Remitout, or Instarem to name a few.

In the 21st century, an online money transfer is the equivalent of wiring money — only it's much cheaper and easier! With online money providers, you can send money via your mobile phone, laptop, or tablet with just a few clicks. There's no need to go to a bank or money transfer physical location. They offer much better INR-CAD exchange rates than banks and low and transparent fees. Compare your options in the list above to find the fastest, best rated, or cheapest option to send money to Canada. 

Make sure to compare your options before every transfer from India to Canada to get the best INR-CAD exchange rate every time.

The Cheapest Way to Send Money From India to Canada

Let's start with the most expensive solutions: banks, cash-based money transfers, and mobile payments apps like Paypal are typically very expensive options when you factor in all fees (which include 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 India to Canada: The cheapest operator will not necessarily be the same for a transfer of ₹5,000 and a transfer of ₹50,000.
  • 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 Canada. 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 Canada From India

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

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 also compare the exchange rate to check you’re not getting a poor deal. More information about the fastest way to send money abroad can be found in our guide.

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Sending to a Foreign Bank Account?

See this guide to learn how to avoid hidden fees while sending from India to a foreign bank account.

The Cheapest Ways to Transfer Money From India to Canada

  1. Instarem with 2.02% total fees
  2. Wise with 2.08% total fees

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

How To Send Money to Canada From India 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 Canada
  4. Fund your transfer by wire transfer, debit or credit card
  5. Click 'Send' and — voilà! Your money is on its way 💸

How Fast Can I Send Money to Canada From India?

  • With Instarem, you can send money to a Canadian bank account within two working days.
  • With Wise, you can send money to a Canadian bank account within two working days.

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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