How to send money to Canada from India with the best INR-CAD rate

The exchange rate determines how many INR the recipient will get in Canada when you send money from India.

Today, the average exchange rate between Indian Rupee and Canadian Dollar is 0.015.

When calculating the costs of money transfers between India and Canada, opt for the best combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: Today, the INR-CAD mid-market rate equals 0.015 CAD per Indian Rupee.

• Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Currencies Direct, cahrging 0 INR per transfer. We would recommend searching for your exact send amount to get an idea of fees.

• Amount Received: The amount received in Canadian Dollar is the biggest indicator the total cost of sending money from India to Canada. Essentially, the more the recipient receives in Canada, the less it is costing to send from India.

The INR-CAD exchange rate you receive is often the bigger factor than how much it costs to send Indian Rupees to Canada.

Sometimes, waiting a day or two can help you get more CAD for the same amount of Indian Rupees.

When sending money from India to Canada, the best way to save on fees is to use a bank transfer with Currencies Direct.

Here are all the ways to send money from India to Canada:

Bank transfers

Bank transfers are often the default option for sending money from India to Canada.

By using a money transfer company such as Currencies Direct for transfers from India to Canada, you can send money via a bank transfer while benefiting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Sending money from India to Canada with a debit or a prepaid card is very simple with .


is a leader in debit card payments for transfers from India to Canada, competing among a total of 2 active money transfer companies on this route.

Credit cards

You can deposit INR with a credit card when sending CAD to Canada, but in most cases, this means taking a cash advance, resulting in higher fees.

Making sure your funds are safe when transferring from India to Canada is really important.

Always choose providers that are regulated by financial authorities.

If you don’t know what the key regulatory bodies for money transfers are between India and Canada, please refer to our directory of financial regulators worldwide.

Some services have limits on how much you can transfer, both minimum and maximum thresholds.

Different services might offer better rates or lower fees for different transfer amounts.

For example, we suggest using Wise if you need to send large amounts of INR to Canada.

There are different ways to receive money in Canada. You can do a direct bank deposit, cash pickup, or use a mobile wallet.

If you want a direct transfer to your bank account, Wise offers the best service for bank transfers between India and Canada.

And if you need cash right away, check if cash pickup is an option for transfers between India and Canada.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but most are made for domestic transfers and have higher costs compared to money transfer providers like Currencies Direct.

When you're sending or receiving money between India and Canada, you have to be ready to show some ID.

The exact documents you need might vary. Usually, you will have to show a government ID like a passport or driver's license.

If you're making a big transaction between India and Canada, a provider may ask you for proof of address or may want to know where your money comes from.

That’s why we suggest Wise in this case.

They know how to handle large INR-CAD transfers and will help you get things done fast.

There might be tax implications to consider when sending money from India to Canada.

Some INR-CAD transfers may need to be reported to tax authorities, especially for larger amounts.

When in doubt, please contact a tax professional in India or Canada.