Send Money to India from Canada at Best Rates

Highest remittance rate for converting 1 CAD to INR = 20.04

Best Way to Transfer Money to India from Canada

No matters if you are helping your family or transferring funds to your office in India, many companies offer "best way to send money to India" from Canada. Here you need not deal with the stressful and expensive process as the companies help you to transfer money to India directly from your bank account, online mobile transfers, wire transfers, mobile top-up, cash pick-up, etc. These are some of the "cheapest ways to send money to India" from Canada.

Out of the total population of Canada, 3.8% is of Indian origin, which sends money to their families back to India. Therefore on this page, we have compared the “Top money transfer companies from Canada to India”.

Please find the list of companies below in a sorted order which are providing the best money transfer services with the highest exchange rates and low fee.

Many people are stuck between options when it comes to sending money from Canada to India because of the many available and confusing options. Thanks to Exchange Rate IQ however, you can quickly select a suitable money transfer service and learn how services like XE Money can make life easier for you.

Country Guide - India


Mid Market Rate



Mid Market Rate


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You Pay (Includes Fee $ 1.99) $ 2.99
Receiving Amount
₹ 59.93
Realized Exchange Rate
remitly CAD to INR Exchange Rate
Best Value


Transfer Time : 3-5 Days
Remitly is a one of the safest & leading money transfer service provider for sending money from Canada to India for sending amount 1. Today’s Remitly exchange rate for sending money from CAD to INR is 59.93 with a $ 1.99 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 20.04. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Remitly partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Remitly click here

More Options For Different Sending Amount

We have rates for some more providers but for either less or more sending amount
Remit Money can be used by NRIs wanting to send money from their bank accounts in the United States, United Kingdom, Canada, Australia, Singapore, UAE, South Africa, Saudi Arabia, Switzerland and Eurozone to a beneficiary in India.

Supported Amount - $10 to $ 100000
Exchange Rate


Remit2India's money transfer service is a secure online way of sending money to India, in 10 currencies from 24 countries across the world.

Supported Amount - $50 to $ 20000
Exchange Rate


TransferWise operates on a peer-to-peer exchange basis, meaning that two individuals exchange currencies between themselves, without an intermediary,such as a bank.

Supported Amount - $4 to $ 19992
Exchange Rate


More Available Options

You can check rates of some more providers that may support your country
With Xendpay you get the best deal and make a big difference with every transfer
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
<p>Trusted by millions for every kind of online global payment, Skrill now makes payments simple, secure and quick in nearly 200 countries and 40 currencies.</p>
With a worldwide agent network of more than 314,000 locations in 144 countries and growing
Money2anywhere is a product of UAE Exchange LLC Ltd which has its presence in more than 30 countries with over 150 correspondent banking relationships.
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying

CAD to INR - Best Money Transfer Service Review Summary

  • Which is the best option available to send money from Canada to India after comparison?
  • With our real-time comparison on sending money from Canada to India ,
      we have found Remitly remittance services who are providing competitive exchange rates.
  • Top 1 companies are - ( Remitly, 20.04 ) .
  • To remit money in the bank account of India, best companies is ( Remitly, 20.04 ).
  • Current money transfer offeres/promotions are available with Remitly money transfer services.
  • For quick money transfer from Canada to India with agent service is Remitly with exchange rate 20.04.
  • Available pay in when sending money from Canada to India Bank, Creditcard, Debitcard.
  • Available pay out when sending money from Canada to India Bank.
  • Other options to transfer money from Canada to India are Xendpay, Travelex, Westernunion, Skrill, Ria, Money2anywhere, Moneygram .
  • The comparison result was last updated on Mar 26, 2023.
  • For the latest comparison result of Canada to India, Please visit ExchangeRate IQ regularly.

Why Exchange Rate IQ?

NRIs living in Canada send approximately $3.5 billion CAD to India every year at which they unknowingly charged unnecessary fees which sum around USD$ 175,000,000. We at Exchange Rate IQ tries to reduce this fee and helps you in finding the simplest, quickest as well as the most secure ways to convert your money and send it to from Canada to India (CAD to INR).

How to find the best money transfer to India from Canada?

Canada to India money is a highly competitive transfer corridor as NRIs living in Canada transact with their families. A lot of banks and money remittance companies are offering these services which offer multiple offers to provide a discount and best exchange rates. The major question arises that after seeing competitive exchange rates is which company you should pick to transfer money from Canada to India.

A lot of banks, MTOs and startups are offering these services to customers with multiple offers and benefits. Due to this competition, consumers now have a large number of choices and negotiating power. But again the question arises is which is the “best money transfer company” according to your needs and requirement of the recipient. So, here are a few base points which you should consider before transferring Canadian Dollar to Indian Rupees:

  1. Speed: How soon you want your money to reach the recipient? If you want to transfer money faster, you can use transfer services of Remit Money by Axis bank, which provides the instant transfer. While, if you have no emergency, then you can use services of CurrencyFair, TransferWise and OFX, which will deliver money in 2-3 working days.
  2. Exchange Rate: The companies offer different exchange rates depending on the fees they are charging and their margin of profit. For example, CurrencyFair let you choose your own exchange rates as per the availability of transferee from another country. Besides this, other companies offer a bit lower rates comparing to live market rates and lock-in so that the same amount will be received by the recipient.
  3. Fees and Other Taxes: There are taxes levied on every transfer depending upon the policies of both the countries which will be deducted from the amount paid. The fee is charged by companies on different types of transfers. Before transferring, first, watch out that you will not end up paying more than you should.
  4. Transfer Convenience: If one can transfer in an easy way without any support of customer assistance, then the company is considered as highly convenient. You can make transfers online without physically visiting its office. In the era of digitalization, mobile apps are also necessary which can ease the transfers anytime anywhere. CurrencyFair, TransferWise, and Kotak Click2Remit are also offering their mobile apps.

How to make same day cash transfers to India from Canada?

Many times there comes to need to transfer emergency cash to India and you look for the best way to send money which also provides cheaper remittance. In such a case, you can opt out the following options to make emergency cash transfers between India and Canada:

  1. Transfer with cash transfer companies: You can make the transfer using the services of MoneyGram and Western Union which offer the fast cash transfer services to its users across the world. So, the recipient will receive the money within hours after the completion of transfer for any such emergency purpose.
  2. Travel Card: If you are travelling to India and lost a wallet or become empty-handed, you can ask any of your friend or family member back in Canada to transfer funds to your travel card, which will be credited in your card immediately.
  3. Send money using a credit card: if you send money through credit card or use any fast transfer services, the amount will be credited into recipients’ bank account within hours. However, this is an expensive service and should be preferable only in the emergency purpose.

How you get charged when you send money to India from Canada?

There are multiple types of charges imposed by the companies on users for providing money transfer facilities. But in this, most of them charge 3 types of fees, these are:

  • Fixed Fee: Every company charge a fixed amount of fees from its customers naming it as services as well as currency converter charges.
  • Percentage Fee: Many companies charge fees as a percentage fee which is a fixed per cent of the amount you are sending to your recipient. These percentage fees range in-between under half a per cent to two per cent or more.
  • Mid-market rates: Most of the companies offer mid-market rates to its users which are lower than the standard rates prevailing in the market. This difference also acts as fees for the user.


How to send money from Canada to Indian Bank account?

You can send money from Canada to Indian bank account using the service of any money transfer company by direct bank account to a bank account facility. Besides this, you can also use the services of Yes Remit, ICICI Bank Money Transfer, RemitMoney by Axis Bank, and Kotak Click2Remit.

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What are transferring money from Canada to India tax implications?

If you send more than $10,000 from Canada to India or any other country, you need to provide the transfer details to the government or IRS. If you fail to provide the details of transfer, you will be liable for multiple penalties and jail term. Other than this, there are no taxes on sending a large amount as a gift from Canada. You can send and receive a large amount without triggering a gift or capital gains tax.

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How to send money from Canada to India online?

You can send money from Canada to India online using any of the above-listed companies such as CurrencyFair, WorldRemit, TransferWise, OFX, etc. These companies allow you to transfer money online using your bank account, debit card, or credit card. This amount will be received by the recipient within 3-5 working days.

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Why do money transfer companies offer different exchange rates for India?

Different companies have different business models. Some offer zero fees while taking an exchange rate margin, while others ask for an upfront fee. These companies deduct their costs, profits, commissions, and margins from the rates they are offering. Therefore, all companies have different exchange rates.

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Can I transfer money from Canada to an account in another name to India?

Yes, most money transfer companies require you to add the details of the receiving party. If you are sending money to India online you will have to add the bank accounts of the receiving party. It could be your NRI/NRO account or someone in your family/friend. Many companies do not allow third-party transfers, so you mostly need your own account.

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Are money transfers regulated in Canada?

The government of Canada keeps a track on the large transactions in order to prevent frauds and keeping country safe. If you are receiving or sending money more than $10,000 then the bank you complete transaction needs to report it to FINTRAC (Financial Transactions and Reports Centre of Canada). FINTRAC stores this information with it and, if required for the investigation of a crime, passes it on to the RCMP (Royal Canadian Mounted Police), municipal police or CSIS (Canadian Security Intelligence Service).

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Historical Mid Market Exchange Rate From Canada Dollar (CAD) to Indian Rupee (INR) (Weekly)

Current Exchange Rate(Mid Market) :- 59.66 INR/CAD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion CAD To INR

Send Canada Dollar To INDIA Receive Indian Rupee
1 CAD TO INR 59.66
50 CAD TO INR 2983
100 CAD TO INR 5966
250 CAD TO INR 14915
500 CAD TO INR 29830
1000 CAD TO INR 59660
5000 CAD TO INR 298300
10000 CAD TO INR 596600
Send Indian Rupee Receive Canada Dollar From INDIA
50 INR FROM CAD 0.84
100 INR FROM CAD 1.68
250 INR FROM CAD 4.19
500 INR FROM CAD 8.38
1000 INR FROM CAD 16.76
5000 INR FROM CAD 83.81
10000 INR FROM CAD 167.62

Click To Compare Money Transfer Services For The Following

Best Money Transfer Rate CAD to INR

Company Name Live Exchange Rate
XE Money Transfer ₹ 59.66
Remitly ₹ 59.93

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