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Best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 69.8% of India to Canada searches in the last 6 months, and was the top rated company out of 9 that support INR to CAD.
So for a great blend of cost, speed & features, make your India to Canada transfer using Wise.
How to get the best deal on sending money from India to Canada
- 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 India to Canada.
- Choose a provider
Select the provider that offers you the best value on buying CAD & service for your needs.
- 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
Sending money from India to Canada considerations
A comparison of providers offering services between India and Canada is the easiest way to ensure the best deal.
We've compared 9 providers that offer services for sending Indian Rupee to Canada.
This ensures you will get the best options for your transfer to Canada from India.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from India to Canada.
Cheapest way to send money to Canada from India: TorFx
Data collected through our comparison over the past six months shows that TorFx is 0.5% cheaper than the second-best option.
The cost is made up of an average fee of 0* INR and an exchange rate for buying Canadian Dollar with Indian Rupee that is 0.54% different to the mid-market rate.
If you want to secure the best rates on a India to Canada transfer, TorFx offers value. We would still recommend searching for the amount you want to send to Canada.
*The most common fee applied to INR-CAD by TorFx, based on data from the past six months.
Fastest company to send money to Canada from India: Ria Money Transfer.
Through our data, Ria Money Transfer was the quickest way to send money from India to Canadian Dollar 46.6% of the time.
Sending money through Ria Money Transfer to Canada from India has an average fee of 4 INR.
To understand who was the fastest, we tested Ria Money Transfer as part of 9 money transfer providers. Within this, we looked at the overall speed of sending money from India to Canada. This was made up of transfer times to Canada after Indian Rupees were added to a money transfer account.
When fast money transfers between India and Canada are a priority, Ria Money Transfer is our recommended choice.
Sending a large amount of money?
Of the 9 providers compared, Wise is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while Wise may not always be the fastest or cheapest way to send money from India to Canada, it's a great provider for things like buying or selling property.
Understanding the costs involved when moving money from India to Canada
The total cost of money transfers to Canada from India, is a combination of exchange rates and fees. Sending with a company that can offer a good competitive rate and low (or no) fees is the best way to get a good deal.
The Mid-Market and Exchange Rates: The current mid-market for INR-CAD is 0.0167 CAD per Indian Rupee.
Using a transfer company offering an exchange rate closer to this will result in being able to buy more Canadian Dollar for your Indian Rupees.
On average for the last three months, the INR-CAD mid-market rate has been 0.0163 CAD per Indian Rupee. This hit a high of 0.0166, and a low of 0.016.
From the 9 companies compared, Wise offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting INR to CAD.
Fees: Some money transfers between India and Canada will be subject to fees. TorFx has had an average fee of 0 INR per transfer over the last 6 months. Although, you should search for your send amount for actual fees as your scenario may be different.
Amount Received: Money transfer companies will show you the amount of Canadian Dollar eventually received in Canada.
This number should guide you, as a higher amount of money received in Canada means a better overall cost of sending money from India.
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 0.0166, while the lowest was 0.016.
Wise, which is our recommended service to send money online from India to Canada offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best INR-Canadian Dollar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from India to Canada!
Payment methods available to fund your India to Canada transfer
Bank transfers
Bank transfers are often the better option for money transfers from India to Canada.
Sending money via a bank transfer with a company such as TorFx for transfers from India to Canada allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, TorFx is the best provider for bank transfers of the 9 we tested when sending INR to Canada.
With an average fee of INR0 to send money from India to Canada, TorFx offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from India to Canada with a prepaid or a debit card is very simple with .
is a leader in card payments for transfers from India to Canada, competing among a total of 9 active money transfer companies on this route.
Credit cards
When it comes to transferring money with a credit card from India to Canada, emerges as our top choice of the 9 companies offering this service.
Beware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment 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, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
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.
Money transfer company reviews
