Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 89.3% of Canada to India searches, and was the top rated company out of 10 that support CAD to INR.
So for a great mix of cost, speed & features, make your Canada to India transfer using Wise.
How to get the best deal on your Canada to India transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Canada to India.
- Choose a provider
Select the provider that offers you the best value & service for your needs
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- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Important things to consider before sending money from Canada to India
Don't settle for the first option. Always compare ways to send money from Canada to India to find out about fees, speed, and reliability.
Our analysis included 10 providers that operate between Canada and India.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to India.
Cheapest way to send money to India from Canada: Remitly
Data collected over the past six months shows that Remitly is 0.7% cheaper than the second-best option.
The $ transfer cost represents the most common fee for CAD to INR international transfers, based on data from the past six months.
If you want to secure the best rates on a CAD to India transfer, make sure you pick Remitly to send your money online.
*The most common fee applied to CAD-INR by Remitly, based on data from the past six months.
Fastest way to send money from Canada to India: CurrencyFair
Our data shows that CurrencyFair came up as the fastest way to send money from Canada to India in 42.4% of searches. This makes them well suited to urgent CAD to INR money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Canada to India - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, CurrencyFair is your best choice at the moment. This service emerged as the quickest way to send money to India from Canada in 42.4% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send CAD from Canada to India, it’s the provider that will keep you safe and relaxed while your money moves into INR.
Understanding the costs involved when moving money from Canada to India
When calculating the costs of money transfers between Canada and India, here's what really matters:
The Mid-Market Rate: Today, the CAD-INR mid-market rate equals 61.128252 INR per Canadian Dollar.
The CAD-INR average exchange rate for the past three months has been 61.5123 INR per Canadian Dollar, with a high of 63.1691 and a low of 60.1325.
When looking to send money, we'd recommend Wise. On average Wise is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from CAD to INR.
How to find the best exchange rate for Canada to India
Timing is essential for sending money between CAD and INR. The exchange rate you secure impacts how much INR you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to INR has seen some fluctuation. On average, it stood at 61.5123.
During this period, the highest value recorded was 63.1691, while the lowest was 60.1325.
Wise, which is our recommended service to send money online from Canada to India offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best CAD-Indian Rupee exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Canada to India!
Payment methods available to fund your Canada to India transfer
Bank transfers
Bank transfers are often the default option for sending money from Canada to India.
By using a money transfer company such as Remitly for transfers from Canada to India, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Remitly is the cheapest provider for bank transfers from the 10 we tested when sending CAD to India.
With an average fee of CAD to send money from Canada to India, Remitly offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to India with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Canada to India, competing among a total of 10 active money transfer companies on this route.
When it comes to credit card transfers from Canada to India, Wise emerges as our top choice of the 10 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between India and Canada.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Canada to India.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to INR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
