How to send money to Canada from India with the best INR-CAD rate
Compare the best ways to send money from India to Canada. Explore the fastest, cheapest, and most reliable providers with the best INR to CAD exchange rates.
Read on for the best deals, expert information, and all you need to send money to Canada from India.
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Currencies Direct have over 30 years of global money transfer expertise. Award winning service with a TrustPilot rating of 4.9. Lock-in rates for the future or trade 24/7 on web or mobile."
"Currencies Direct have over 30 years of global money transfer expertise. Award winning service with a TrustPilot rating of 4.9. Lock-in rates for the future or trade 24/7 on web or mobile."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
Best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Transferring 600,000 INR to CAD will cost you ₹7066.15 in fees, and you will receive 9,064.36 CAD. The delivery time is within a week, but it depends on the day you make the transfer.
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 2 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: Currencies Direct
Data collected through our comparison over the past week shows that Currencies Direct is 2.97% cheaper than the second-best option.
The cost is made up of a fee of 0 INR and an exchange rate for buying Canadian Dollar with Indian Rupee that is -2.03% different to the mid-market rate.
If you want to secure the best rates on a India to Canada transfer, Currencies Direct offers value. We would still recommend searching for the amount you want to send to Canada.
Fastest company to send money to Canada from India: Currencies Direct.
Right now, if you are sending ₹600,000 with Currencies Direct to Canada, the transfer time is minutes - 24 hours. This can vary depending on your needs, but it's the fastest option.
Sending money through Currencies Direct to Canada from India has a fee of 0 INR.
To understand who was the fastest, we tested Currencies Direct as part of 2 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, Currencies Direct is our recommended choice.
Sending a large amount of money?
Of the 2 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 0.0153 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 week, the INR-CAD mid-market rate has been 0.0154 CAD per Indian Rupee. This hit a high of 0.0155, and a low of 0.0153.
From the 2 companies compared, Currencies Direct 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. Currencies Direct has a fee of 0 INR based on a 600,000 INR transfer.
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 week, the exchange rate from INR to CAD has seen some fluctuation. On average, it stood at 0.0154.
During this period, the highest value recorded was 0.0155, while the lowest was 0.0153.
Wise, which is our recommended service to send money online from India to Canada offers an exchange rate that is only -0.09% 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 Currencies Direct 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, Currencies Direct is the best provider for bank transfers of the 2 we tested when sending INR to Canada.
With a fee of INR0 to send money from India to Canada, Currencies Direct 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 2 active money transfer companies on this route.
Credit cards
When it comes to international credit card transfers from India to Canada, we to get the best deal.
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 and review methodology.
Related transfer routes
Send money from India
How much money can be transferred from India to Canada?
Are there any tax implications to sending money from India to Canada?
Can I send money from India to Canada with MoneyTransfers.com?
What are the typical transfer fees for sending Indian Rupees to Canada through various providers?
How long does it take to send money from India to Canada?
What is the best exchange rate I can get for sending money from India to Canada?
Are there any minimum or maximum transfer amounts for sending money from India to Canada?
Can I schedule regular transfers between India and Canada?
Tools & resources
Contributors
