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India's biggest forex marketplace!

THE CHEAPEST WAY TO TRANSFER MONEY FROM INDIA TO CANADA!
COMPARE RATES & BOOK YOUR WIRE TRANSFER ONLINE

Send Money AbroadForex Card & Cash


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  • Save minimum 5% compared to your bank.
  • Get credit in less than 3 working days.
  • Transfer money from any bank.
  • Get assistance with TCS refund.

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Get all your questions answered from exchange rates to KYC, TCS and more.

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Open GIC Account & get ₹2500 OFF on 1st Transfer!
Do any forex transaction & win a Branded Cabin Trolley!
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Sanketh Rao 1 Year ago
This has been the easiest and most economical way to transfer money to Canada. I got in touch with them through a friend's recommendation. Ms. Mary processed things for me so quickly. Even after moving to Canada, I used their service, again happened absolutely seamlessly.
V
Vaishnav Meduri 1 Year ago
Did a transaction for the first time for my son's education requirements for 20k USD. Got a savings of INR 25k compared to bank rate card. A friendly economical service by Extravelmoney.
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Sanoj Sudhakaran 1 Year ago
I booked Malaysian Ringgit currency and Singapore dollars in forex card from ExTravelMoney at 1 AM, got a call from the team within 5 minutes and got currency and card delivered by 4 PM. Really impressed with their services. Will recommend them, 10/10!
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Ravi Krishnamurthy 24-08-2022
It has been a really wonderful experience remitting fees for my daughter for her university through Extravelmoney. The rates are very competitive and ease of operation also. Money reached the university with in 24 hours, that was pretty fast.
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Subhradeep Haldar 2 months ago
My parents have been using their services since 2020, to remit funds to me in Poland. The executives are very helpful and responsible. Never had any issues with them and I do recommend using their services.
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Kishore Reddy 11 Nov 2022
Sold Pounds almost at 14 paise less the running rate. Extravelmoney shows you all forex sellers near your vicinity, simply choose one of them, show your ID proof and collect money! The best feature is the price lock option which was very beneficial in my case.
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Send Money from India to Canada

Book Online

Compare bids from your nearest exchange houses & banks and book online

Verify KYC

Get the required KYC documents verified at home or at the nearest branch

Transfer Funds

Transfer the funds to the exchange house/bank's account as NEFT/RTGS

Get Credit!

The transfer will now be initiated and beneficiary will receive credit in 48 working hours!

How to do?

Open GIC Account and Transfer Money at the Lowest Rates!

  • We will open a GIC account in a bank of your choice at no extra cost! Yes, absolutely free!
  • Once account is opened, we will transfer the amount to your GIC account at the best rates!
  • You save a minimum of 5% compared normal bank rates!
  • Hassle free KYC verification. Peace of mind guaranteed!
Open GIC Account Now

In The Press

“...Travelers can compare the rates of various dealers in their city and get forex delivered...”

“...Extravelmoney ensures a smooth experience for customers while transferring money abroad..."

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

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Why Send Money to Canada via ExTravelMoney?

  Lowest CAD Rates

Being a Forex marketplace, every exchange house here tries to outbid others. Result, you get the best CAD exchange rate in the market!

  Fast Processing

We understand your commitments and that is why we strive to initiate every wire transfer, the same day of receiving the funds.

  Zero Commission!

We charge absolutely zero commission on every transaction. No hidden charges either! Pay directly to the chosen exchange house or bank.

  Personal Advisor

You will have a dedicated personal advisor who will guide you throughout the process. Get accurate information and guidance on KYC, TCS and everything else.

Sending Money from India to Canada, Things to Know

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

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

  • Canada University Fee Payment
  • Living Expenses of Indian Students in Canada
  • Payment 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

Notes:

Frequently Asked Questions on Sending Money to Canada


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

A Resident Indian is allowed 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?

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 10,200). 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.

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?

The various permissible purposes for transferring money from India to Canada include study abroad in Canada, medical treatment, employment in Canada, Emigration, maintenance of close relatives and private travel to Canada. Also any resident Indian may remit up to CAD 3,25,000 as a gift to a person residing in Canada.


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