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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 66.3% of India to Canada searches, and was the top rated company out of 4 that support INR to CAD.
So for a great mix of cost, speed & features, make your India to Canada transfer using Wise.
How to get the best deal on your India to Canada transfer
Summary of recent searches
Important things to consider before sending money from India to Canada
Don't settle for the first option. Always compare ways to send money from India to Canada to find out about fees, speed, and reliability.
Our analysis included 4 providers that operate between India and Canada.
Through this, you get a comprehensive view of all the options you have in India when you need to send money to Canada.
Cheapest way to send money to Canada from India: Instarem
Data collected over the past six months shows that Instarem is 0% cheaper than the second-best option.
The ₹1593.8049999999998 transfer cost represents the most common fee for INR to CAD international transfers, based on data from the past six months.
If you want to secure the best rates on a INR to Canada transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to INR-CAD by Instarem, based on data from the past six months.
Fastest way to send money from India to Canada: CurrencyFair
Our data shows that CurrencyFair came up as the fastest way to send money from India to Canada in 64.45% of searches. This makes them well suited to urgent INR to CAD money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from India to Canada - 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 Canada from India in 64.45% 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 INR from India to Canada, it’s the provider that will keep you safe and relaxed while your money moves into CAD.
Understanding the costs involved when moving money from India to Canada
When calculating the costs of money transfers between India and Canada, here's what really matters:
The Mid-Market Rate: Today, the INR-CAD mid-market rate equals to 0.016403 CAD per Indian Rupee.
The INR-CAD average exchange rate for the past three months has been 0.0163 CAD per Indian Rupee, with a high of 0.0167 and a low of 0.0158.
When looking to send money, we'd recommend Instarem. On average Instarem is -0.01% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from INR to CAD.
How to find the best exchange rate for Indian Rupee to Canadian Dollar
Timing is essential for sending money between INR and CAD. The exchange rate you secure impacts how much CAD you get for your INR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from INR to CAD has seen some fluctuation. On average, it stood at 0.0163.
During this period, the highest value recorded was 0.0167, while the lowest was 0.0158.
Wise, which is our recommended service to send money online from India to Canada offers an exchange rate that is only -0.01% above the mid-market rate.
Want to secure the best INR-Canadian Dollar exchange rates?
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Payment methods available to fund your India to Canada transfer
Bank transfers
Bank transfers are often the default option for sending money from India to Canada.
By using a money transfer company such as Instarem for transfers from India to Canada, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Instarem is the cheapest provider for bank transfers from the 4 we tested when sending INR to Canada.
With an average fee of INR1600 to send money from India to Canada, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from India to Canada with a debit or a prepaid card is very simple with Instarem.
Instarem is a leader in debit card payments for transfers from India to Canada, competing among a total of 4 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from India to Canada, emerges as our top choice of the 4 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 Canada and India.
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 India to Canada.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to CAD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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