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Send money from India to Canada the easy way. Get instant quotes from RBI authorized exchange houses and banks next to you. Compare rates & book your wire transfer online. Credit to beneficiary in 48 working hours!

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  • I got to know about extravelmoney.com from a friend of mine. The transaction was really simple, fast & flawless. I was impressed with their ability to meet my need, so quickly.

    - Louis T. Cherian, Bangalore

  • Complete process was very hassle free, right from choosing of exchange rate, confirmation of order and receiving money. I am sure I wouldn`t have got this exchange rate and service quality if I directly walked in to anyone of the forex vendors

    - M Aditya Karan, Hyderabad

  • The entire experience was really smooth. I selected selected a vendor who would do door delivery. Got a quote instantly and the currency delivered in few hours. Will highly recommend this service.

    - Pradeep Govindaraju, Chennai

  • I opted for extravelmoney after doing a lot of research and visiting the banks where I have my accounts. The rates are undoubtedly the best in market and the process is absolutely hassle free.

    - Peter Anand Shah, Hyderabad

  • I have used their services twice and it was a hassle free experience. I would definitely recommend to anyone who needs forex.

    - Shiva Kumar, Bangalore

  • Highly delighted. Best exchange rates and good back up support. Overall, an awesome experience. One hundred percent recommended. Hope to deal with them again.

    - Ghouse Syed, Hyderabad

  • It came as a savior to me. The biggest challenge was to find a place nearby that would do it hassle-free at a reasonable price. Extravelmoney helped a great deal with that.

    - Swati Saxena Saxena, New Delhi

  • Extravelmoney.com is a real pain killer for someone travelling abroad for the first time. Awesome service and very very fast response.

    - Manish Kumar, Bangalore

Send Money from India to Canada Easily!

Get Quotes

Enter the amount in CAD & get quotes from nearest banks & exchange houses instantly

Book Online

Compare the quotes, choose one and book your order for money transfer from India to Canada

Transfer Funds

Submit KYC & transfer funds as NEFT/RTGS directly to the RBI authorized exchange house.

Collect Bill

Yes, all done! The wire transfer will be initiated the same day & you can collect the SWIFT copy!

How it Works?

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“...ExTravelMoney has tied up with forex dealers and banks. Through 4000 stores of these partners, it could access the national market....”

“...competition among the different forex providers in the platform leads to better deals for the customers...”

“...ExTravelMoney is fast becoming the single-stop point for travellers, students, and business people travelling abroad...”

ExTravelMoney Is Rated 4.7 Stars by Trustpilot Based On Over 212 Reviews

The cheapest rates for wire transfer to Canada from India

  Marketplace Edge!

Being a marketplace for remittance services, every exchange house here tries to outbid others. They always compromise on the margins, so that they get the deal. Result, you get the best rate for Canadian Dollar available in the market!

  Zero Commission!

We charge absolutely zero commission on every transaction. No hidden charges either! Pay directly to the chosen exchange house from your bank account, get it transferred to beneficiary account in Canada and receive bill for the entire amount.

  Forecast & Freeze

Canadian Dollar rates can fluctuate dramatically and even the slightest variations will have considerable impact. With Extravelmoney, you can observe, forecast and freeze the rate when it is favorable. The rate will be valid for the entire day.

How to Transfer Money from India to Canada?

Money Transfer from India to Canada can be done in 4 simple steps.

  • 1. Enter the amount in Canadian Dollars, choose the purpose of remittance and click on 'get rates'.
  • 2. Compare the exchange rates from nearest RBI approved exchange houses, choose any and book online.
  • 3. You can now share the required KYC documents for verification. Once verified, transfer the amount to the chosen exchange house via NEFT/RTGS.
  • 4. Wire transfer will be initiated as soon as the amount is credited. The money should be credited in the beneficiary account within 48 working hours.

Modes for Outward Remittance from India to Canada

  • Wire Transfer/ Telegraphic Transfer (TT)

  • Foreign Currency Demand Draft (DD)

What is wire transfer?

Wire Transfer (TT Transfer/SWIFT Transfer) is an electronic mode of fund transfer (through SWIFT), with which you can transfer money from your Indian Bank account to an overseas bank account. Indian Banks and RBI approved Authorized Dealers has arrangements with over 400+ major banks across the globe to receive SWIFT messages which ensures safe and secure outward remittance from India. Account holders of any Bank in India (resident and non-resident) can do a wire transfer from India.

What is a foreign currency Demand Draft?

A Foreign Currency Demand Draft is another facility for making international money transfer for educational payments, medical fees, VISA fees or migrating to other countries etc. Demand drafts are a safe option for making international money transfer as it is made 'favouring' the beneficiary. DDs can be reissued if lost or stolen.

Main Purposes of Sending Money to Canada from India

  • Tuition Fee Payments to Universities or Colleges in Canada
  • Living Expenses of Indian Students in Canada
  • Money Transfers to GIC account
  • Sending Money to any close relative in Canada
  • Remittance by tour operators to agents or hotels in Canada
  • Visa/Emigration fees
  • As gift to a Canadian resident
  • Fee for participation in conferences or training
  • Emigration Consultancy Fee

Documents Required for Wire Transfer from India to Canada

Any of these documents can be required depending on the purpose of remittance.

  • Govt issued photo ID proof of the sender (Passport/Voter’s ID/Aadhar Card)
  • PAN card copy of the sender
  • Filled A2 Form cum declaration with signed by the sender
  • Purpose proof (University letter/Prospectus) stating the amount to be transferred and account details (for tuition fee payments only)
  • Beneficiary passport copy (for maintenance of close relative & gift remittance only)
  • GIC account opening letter (only for sending money to GIC account)

Beneficiary details to be shared:

  • Beneficiary Bank Name & Address
  • Beneficiary Name & Address (as given in bank)
  • SWIFT Code & Transit Code
  • Beneficiary Account Number


  • All foreign currency transactions are subject to Service Tax.
  • Foreign Exchange and Money Transfer services are available though Tied-up Reserve Bank of India approved Authorized Dealers only. All foreign exchange transactions are subjected to AML/CFT/KYC & FEMA policies instructed by Reserve Bank of India.

Frequently Asked Questions

1. How much money can be transferred from India to Canada?

A Resident Indian is allowed by RBI to transfer up to USD 2,50,000 equivalent in Canadian Dollars from India to Canada. The money can only be transferred for some specific purposes such as study abroad, maintenance expenses abroad, medical expenses abroad etc under the FEMA and LRS scheme of RBI.

2. How long does a wire transfer take from India to Canada?

Upon initiating a wire transfer from India to Canada, one can expect the funds to be credited to the beneficiary account in Canada within 48 working hours. Sometimes this process is even faster and funds are sent within 24 hours itself.

3. What is a GIC account in Canada for International students?

Before talking about GIC account for students in Canada, first, you must understand the 2 different ways of applying to Canadian Colleges for studying there.

  • Student Partners Program (SPP)
  • Non-SPP

If a student in pursuing an education in Canada under SPP, a GIC account is mandatory. Only then will you get a study permit in Canada.

GIC means Guaranteed Investment Certificate.

A GIC is an investment account. Students would have to deposit a fixed amount of money in this account (Usually CAD 10,000 + CAD 200 = CAD 10,200). This money is treated as proof of funds and would be released to the student every month for 12 months for their study abroad and maintenance expenses along with interest.

This is as per the rule of the Canadian government for students coming there to study abroad through Student Partners Program.

4. Can ExTravelMoney transfer money to GIC account in Canada from India?

Yes, ExTravelMoney can transfer money from Indian bank account to GIC account in Canada. We regularly facilitate such transactions for Indian students going to study abroad in Canada and are well versed

5. What are the various permissible purposes of money transfer from India to Canada?
  • Private Travel to Canada

For private travel to Canada, a Resident Indian is allowed to take foreign exchange up to US$ 2,50,000 or its equivalent in Canadian dollars in a financial year from authorized dealers or fully-fledged money changers. This limit is applicable irrespective of the number of trips abroad in a financial year, as long as the total forex limit of the resident Indian falls below US$ 2,50,000. Out of this, 3, 000 USD or equivalent can be taken abroad as cash (Currency) per trip. The remaining amount can be carried in forex card and/or traveller’s cheques.

  • Study Abroad in Canada

Foreign exchange up to US$ 2,50,000 or its equivalent in CAD is permitted by RBI for the purposes of study abroad. Amounts in excess of the limit can be released on the basis of documentary evidence of requirement like estimate received from a university in Canada.

The Scheme can be used for outward remittance in the form of a DD either in the resident individual’s own name or in the name of the beneficiary with whom he/she intends putting through the permissible transactions at the time of private visit abroad, against self-declaration of the remitter in the format prescribed.

Individuals can also open, maintain and hold foreign currency accounts with a bank in Canada for making remittances under the Scheme without prior approval of the Reserve Bank. The foreign currency accounts may be used for putting through all transactions connected with or arising from remittances eligible under this Scheme.

  • Medical treatment in Canada

A person seeking medical treatment in Canada is allowed foreign exchange up to an amount of USD 2,50,000 or its equivalent per FY without insisting on an estimate from a hospital/doctor. For amount exceeding the above limit, Authorised Dealers may release foreign exchange under general permission based on the estimate from the doctor in India or hospital/ doctor in Canada A person who has fallen sick after proceeding abroad may also be released foreign exchange by an Authorised Dealer (without seeking prior approval of the Reserve Bank of India) for medical treatment outside India.

  • Employment in Canada

A person going to the Canada for employment can draw foreign exchange up to USD 2,50,000 per FY from an Authorised Dealer in India.

  • Emigration to Canada

A person wanting to emigrate to Canada can draw foreign exchange from AD Category I bank and AD Category II money changers up to the amount prescribed by the country of emigration or USD 250,000. Remittance in excess of this limit may be allowed only for meeting incidental expenses in the country of immigration.

  • Maintenance of close relatives in Canada

A resident Indian can send money to Canada for the maintenance expense of their close relatives up to up-to USD 2,50,000 per Financial Year (April - March) [‘relative’ as defined in Section 2(77) of the Companies Act, 2013] abroad.

  • Gift Remittance / Donation to Canada

Any resident individual may remit up to USD 2,50,000 or its equivalent in CAD in a Financial Year as a gift to a person residing in Canada including NRIs and Overseas Citizen of India (OCI) or as a donation to an organization outside India.

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