Money Transfer Canada to India
Money Transfer Companies make money by charging customers transfer fees or padding (markup) the foreign exchange rates.
There are many online services to remit money to India from Canada, you should take a close look at exchange rate – Canadian dollar (CAD) and Indian rupee (INR)
What is the best way to remit money to India from Canada?
When you send money online, the best outcome should be :
- Zero transfer fees
- Fair exchange rates.
So if you want to save more on sending money abroad, you should take a close look at exchange rate.
All Companies offer Startup Exchange rate to New Customers.
“Promotional Forex rate applies to New customers only. One per customer. Rates subject to change.”
Supports transfers to NRE & NRO accounts.
What is limit to sending money to India from Canada ?
There is absolutely no limit of sending money to India from Canada.
Canada does not regulate or tax most gifts of cash.
How do I send a wire transfer?
To send a wire transfer, you need to visit your local bank and provide the following information about the recipient’s account:
Account holder name and full address
Branch number and full address
Swift Code / BIC / IBAN code
Routing Number (international)
Disadvantages of Bank Wire Transfer
International money transfer through banking channels, can be an expensive process, with banks in both countries adding their own charges and typically offering poor exchange rates.
Canada is a North American country and stretches from the Atlantic to the Pacific Ocean. It is the second largest country in the world.
Given that this country is so large, it is also home to several large cities.
- Toronto, Ontario
- Montreal, Quebec
- Vancouver, British Columbia
- Calgary, Alberta
- Edmonton, Alberta
- Ottawa–Gatineau, Ontario/Quebec
- Winnipeg, Manitoba
- Quebec City, Quebec
- Hamilton, Ontario
- Kitchener–Waterloo–Cambridge, Ontario
- London, Ontario
- Victoria, British Columbia
- Halifax, Nova Scotia
- Oshawa, Ontario
- Windsor, Ontario
Information Required to Send a Wire Transfer
- Account Number
- SWIFT Code (BIC)
- IBAN number (For transfers to Europe)
- Sort Code (For transfers to the United Kingdom)
India Nationalized Banks
- Allahabad Bank
- Andhra Bank
- Bank of Baroda
- Canara Bank
- Bank of Maharashtra
- Central Bank of India
- Bank of India
- Corporation Bank
- Dena Bank
- Indian Bank
- Indian Overseas Bank
- Oriental Bank of Commerce
- Punjab & Sind Bank
- Punjab National Bank
- Syndicate Bank
- UCO Bank
- Union Bank of India
- Vijaya Bank
The largest banks in Canada are:
- Royal Bank of Canada (RBC)
- Toronto-Dominion Bank (TD)
- Bank of Nova Scotia (Scotiabank)
- Bank of Montreal (BMO)
- Canadian Imperial Bank of Commerce (CIBC)