Find the best ways to send money to Canada from India

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Top Providers For transfers from India to Canada

Based on 9,976 comparisons made by Monito users in the past 3 months.

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Compare 5 providers for a 100,000 INR transfer from India to Canada

Results updated 2 days ago.

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Transfer to a bank account
  • Sponsored

    2 to 3 days

    Recipient gets

    Fee 1,600.00 INR

    Exchange rate 0.016100

    1.19% worse than mid‑market rate

    1,584 CAD

Compare 5 providers

Sorted by amount received

  • Best deal
    Over 120,000 five-star reviews on Trustpilot

    3 days

    Recipient gets

    Fee 2,174.32 INR

    Exchange rate 0.016282

    0.08% worse than mid‑market rate

    1,593 CAD

  • Instarem

    2 to 3 days

    Recipient gets

    Fee 1,600.00 INR

    Exchange rate 0.016100

    1.19% worse than mid‑market rate

    1,584 CAD

  • Remitout
    Only available for Indian students

    Next day

    Recipient gets

    Fee 1,750.00 INR

    Exchange rate 0.016046

    1.52% worse than mid‑market rate

    1,577 CAD

  • ICICI Bank
    Not recommended Consistently poor exchange rates, high fees and low customer satisfaction.

    1 to 3 days

    Recipient gets

    Fee 1,977.45 INR

    Exchange rate 0.015908

    2.37% worse than mid‑market rate

    1,559 CAD


  • Kotak Mahindra Bank
    Not recommended Consistently poor exchange rates, high fees and low customer satisfaction.

    2 to 5 days

    Recipient gets

    Fee 2,227.45 INR

    Exchange rate 0.015896

    2.44% worse than mid‑market rate

    1,554 CAD



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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Monito's Recommendations for Sending Money from India to Canada

Affiliate 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 India to Canada:

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Best Ways to Send Money from India to Canada

Frequently Asked Questions

About Money Transfers from India to Canada

Monito compares 5 providers offering international money transfer services from India to Canada. The total cost of the cheapest available option at any given point in the past month was 2.5% of the transferred amount. In comparison, the total cost of the most expensive provider was on average 8.3%.

💸 Number of providers


🏆 Cheapest provider (on average)
💰 Lowest total cost (on average)


💰 Highest total cost (on average)


💸 Most transferred amount

100000 INR

⚡ ️Fastest transfer time

Next day

💳 Pay-in options

Bank transfer, Cash, Direct bank payment

💵 Pay-out options

Bank account (via international transfer), Cash delivery, Bank account

👍 Recommended providers

Remitout, Wise, Instarem

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.

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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Affiliate Disclosure
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.