The best way to transfer money from Canada to India
Before sending money to India the first step is checking the exchange rates. Usually, online exchange companies shall list them at the top part of the web page or mobile application.
Charges to transfer money
There are two types of charges that are expected for any transfer you make they mainly include:
- Standard charge: This is the amount of fee that you must pay any time you send money.
- Percentage charge: This is the charge you pay according to the money you are sending. The more money you send the more you are charged.
In India, a lot of people do not have a bank account so cash systems are the best. For you to make a transfer you do not need to have a bank account. Basically, using a credit card, you can always get a majority of money transfers done.
Top 8 money transfer services from Canada to India
The following chart is a calculation of the transfer of 2000 CAD to INR from Canada to India.
Company | Rate | Fees |
---|---|---|
Xe Money Transfer | 1 CAD = 60.5099 INR | 0 CAD |
InstaReM | 1 CAD = 60.3789 INR | 0 CAD |
Remitly | 1 CAD = 60.2200 INR | 0 CAD |
TransferWise | 1 CAD = 60.6449 INR | 14.09 CAD |
CurrencyFair | 1 CAD = 60.1910 INR | 0 CAD |
Ria | 1 CAD = 60.1514 INR | 0 CAD |
WorldRemit | 1 CAD = 59.5739 INR | 0 CAD |
Skrill | 1 CAD = 54.4669 INR | 0 CAD |
Money transfer services
How to send money to India
Signing up in money transfer websites is quite easy. There are always easy to follow steps that you can do from the comfort of your house. However, for some transfers like western union you need to go to an authorized agent.
Which Services are Available to Send Money
- World remit. World remit currently charges a 25% less than MoneyGram and western union according to world bank statistics. For Worldremit, you only need to need to sign up online. You can get the first 3 transfers free using the referral code 3FREE.
- Skrill. Currently, transferring money from Canada to India is free. Opening a Skrill account is quite easy since you only need an email address. You can also download the Skrill application in google play store. However, there are restrictions when sending large amounts of money above 600 canadian dollars especially for a new account that does not have a history.
- Remitly. To send money in remitly, you only need to sign up online on their website or mobile application. For the first time, remitly gives you a discount when you send your money from Canada to India.
- TransferWise is one of the cheapest modes of transmission of money from Canada to India. They have a flat rate. In TransferWise, you can transfer any amount of money and customer care communication is great.
- Western union and MoneyGram. Your recipient does not need to have a bank account to make receive money via western union and MoneyGram. For western union, you need to ensure that you send an mtn code to the recipient which the client uses to withdraw the cash.
Why us
Our website helps you get accurate information on the best way to transfer money all over the world. We also have a system that updates every information that changes in money transmission techniques.
We also help you get accurate fixtures on the value of exchanges that are happening at any particular time and which platform is offering the best exchange rates. Our customer care attendants are always keen to answer your queries on the money transmission techniques.
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