Our recommendation: Wise
We tested & reviewed 19 money transfer providers offering money transfers from Canada to India, and Wise scored highly.
In total, Wise appeared in 96.1% of Canada to India searches, and was the top rated company supporting transfers between CAD and INR.
For a great mix of cost, speed & features, we recommend making your Canada to India transfer using Wise.
How to compare deals on Canada to India money transfers
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to ensure the best rates on money transfers from Canada to India.
- Choose a provider
Select the provider that gives you the best value & service for your needs.
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- Click, sign up & send
Follow the steps & start your transfer from Canada. Your funds will be converted to Indian Rupee and transferred to India.
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 19 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: TalkRemit
Data collected over the past six months shows that TalkRemit is % cheaper than the second-best option.
The $1.06 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 TalkRemit to send your money online.
*The most common fee applied to CAD-INR by TalkRemit, based on data from the past six months.
Fastest company to send money to India from Canada: Paysend.
Through our data, Paysend was the quickest way to send money from Canada to Indian Rupee 43.1% of the time.
Sending money through Paysend to India from Canada has an average fee of 0 CAD.
To understand who was the fastest, we tested Paysend as part of 19 money transfer providers. Within this, we looked at the overall speed of sending money from Canada to India. This was made up of transfer times to India after Canadian Dollars were added to a money transfer account.
When fast money transfers between Canada and India are a priority, Paysend is our recommended choice.
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
The total cost of sending money to India from Canada is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for CAD-INR is 60.0816 INR per Canadian Dollar.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Indian Rupee for your Canadian Dollars.
The CAD-INR mid-market rate over the last three months has seen the Canadian Dollar worth an average 61.1906 INR. Within this there has been a high of 62.2904, and a low of 60.4066.
From 19 companies compared, WorldRemit offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting CAD to INR.
Fees: When sending money there may be additional fees. WorldRemit offers the lowest fee of the 19 providers tested, averaging 1.06 CAD per transfer over the last 6 months.
Amount Received: When comparing providers, the best measure is the amount of Indian Rupee eventually received in India.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in India, means a better overall cost of sending money from Canada.
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 61.1906.
During this period, the highest value recorded was 62.2904, while the lowest was 60.4066.
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 TalkRemit 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, TalkRemit is the cheapest provider for bank transfers from the 19 we tested when sending CAD to India.
With an average fee of CAD1.78 to send money from Canada to India, TalkRemit 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 19 active money transfer companies on this route.
Credit card
When it comes to credit card transfers from Canada to India, Xe emerges as our top choice of the 19 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.
