“...ExTravelMoney has tied up with forex dealers and banks. Through 4000 stores of these partners, it could access the national market....”
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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
Compare bids from your nearest exchange houses & banks and book online
Get the required KYC documents verified at home or at the nearest branch
Transfer the funds to the exchange house/bank's account as NEFT/RTGS
The transfer will now be initiated and beneficiary will receive credit in 48 working hours!
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Money Transfer from India to Canada can be done in 4 simple steps.
Wire Transfer/ Telegraphic Transfer (TT)
Foreign Currency Demand Draft (DD)
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.
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.
Any of these documents can be required depending on the purpose of remittance.
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.
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.
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.
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
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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