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Send Money to Canada from India

Transfer money from India to Canada easily at best CAD rates via RBI approved banks & exchange houses. Fast processing, great savings, zero hassle!

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Users
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Card & Cash
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We recommend USD forex card for United States of America, CAD in Cash for Canada, and GBK Cash for Germany

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Buy USD
is approximately 00,000 INR
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Purpose of Remittance

Send USD
is approximately 00,000 INR
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5%+ better than
market rates.

Fast Credit

Credit/Delivery in
48 working hours.

Expert Help

Professional support,
every step

6000 + RBI Authorized Exchange Houses on the Platform.

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How to Send Money to Canada from India?

1
Book & Verify

Compare live rates from trusted exchange houses and banks online. Book & get KYC verified.

2
Transfer Funds

Securely transfer funds to your chosen exchange house or bank via NEFT/RTGS.

3
Get Credit!

Sit back and relax! Your beneficiary will receive the funds within 48 working hours.

Connect with a real expert instantly!

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

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Why People Prefer and

Trust

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34%

orders from customer referrals

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saved for customers

100%

On Time Transaction

9+

years of experience

Extraordinary Stories

Real experiences from people who've trusted us with their currency and transfer needs.
R

Ravi Krishnamurthy

Money Transfer

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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4.7/5
R

Subhradeep Haldar

Money Transfer

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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4.7/5

K

Kishore Reddy

Money Transfer

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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4.7/5

S

Sanketh Rao

Money Transfer

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.

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4.7/5

V

Vaishnav Meduri

Money Transfer

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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4.7/5

S

Sanoj Sudhakaran

Money Transfer

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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4.7/5

We Provide You,Extra Care

Marketplace
Advantage

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

Fast Processing

We understand your commitments and that is why we strive to complete every transaction, the same day of placing the order.

6000+ Stores

6000+ tied up stores across India! This large network helps us give you multiple stores to choose from in almost all locations.

Zero
Commission

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

Lock Exchange Rates

Forex exchange rates can fluctuate dramatically even on the same day. At ExTravelMoney, you can freeze the rate for up to 3 days!

Expert Guidance

Our forex experts would guide you through the entire process. They would educate you on forex limits, KYC, TCS and everything else.

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Excerpts From the Press.

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

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

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

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Send Money from INDIA to

Canada

Currency Conversion

Money Transfer from India to Canada

  • Enter the amount in Canadian Dollars, choose the purpose of remittance and click on 'get rates'.
  • Compare the exchange rates from nearest RBI approved exchange houses, choose any and book online.
  • You can now share the required KYC documents for verification. Once verified, transfer the amount to the chosen exchange house via NEFT/RTGS.
  • 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.
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Modes for Outward Remittance from India to Canada

Wire Transfer/ Telegraphic Transfer (TT)

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.

Foreign Currency Demand Draft (DD)-

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:

1
Govt issued photo ID proof of the sender (Passport/Voter’s ID/Aadhar Card)
2
PAN card copy of the sender
3
Filled A2 Form cum declaration with signed by the sender
4
Purpose proof (University letter/Prospectus) stating the amount to be transferred and account details (for tuition fee payments only)
5
Beneficiary passport copy (for maintenance of close relative & gift remittance only)
6
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:

  • 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 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.