USD$ = 95.81₹ GBP£ = 128.60₹ EUR€ = 111.17₹ CAD$ = 69.44₹ AUD$ = 68.30₹ AED = 26.09₹ SGD$ = 74.86₹ NZD$ = 56.14₹ SEK = 10.22₹
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Send CAD to India

Compare rates and fees before you transfer

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Check the CAD-INR rate, fee, and payout before you remit

Use the calculator first, then continue with Wise when the rate and payout look right.
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Related guides

Canada Tax Guide

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NRI Investment

Common Questions

Online services like Wise, Remitly, and OFX offer significantly better rates than Canadian banks. Wise provides the mid-market rate with a small transparent fee. For very large amounts (CAD 10,000+), OFX and ICICI Money2India can be competitive. Always compare the total INR received rather than just the fee — the exchange rate margin is where most of the cost is hidden.
Not directly. Interac e-Transfer only works within Canada. However, some remittance services (like Remitly and Wise) allow you to fund your transfer via Interac, which is convenient and avoids credit card fees. You initiate the transfer on the remittance platform, then pay via Interac from your Canadian bank — it’s fast and usually the cheapest funding method.
Sending your own money to India is not a taxable event in Canada. However, if you’re gifting to non-relatives, India may tax amounts above Rs 50,000 in aggregate per year for the recipient. On the Canadian side, there’s no gift tax, but the CRA may ask about large transfers as part of anti-money-laundering checks. Keep transfer records for both CRA and Indian tax purposes.
Wise and Remitly typically deliver within 1-2 business days when funded via Interac or bank debit. Credit card-funded transfers can be faster but cost more. Canadian bank wire transfers to India take 3-5 business days and carry higher fees (CAD 25-50 per transfer). For urgent transfers, some services offer express options at a premium.

CAD to INR — Sending Money from Canada

Canada’s 1.7 million-strong Indian community sends billions in remittances to India annually. Whether you’re supporting family, investing in Indian assets, or paying bills back home, getting the best CAD-INR rate saves real money.

How to Compare Remittance Options

Every transfer has two costs:

  1. Transfer fee — the explicit charge (flat or percentage)
  2. Exchange rate margin — the gap between mid-market rate and the provider’s rate

Canadian banks typically have the worst exchange rates for INR transfers. Online services are almost always cheaper.

Wise

  • Rate: Mid-market rate (no markup)
  • Fee: Small transparent fee (typically CAD 5-15 depending on amount)
  • Speed: 1-2 business days
  • Funding: Interac, bank debit, wire
  • Best for: Regular transfers, transparency

Remitly

  • Rate: Slightly marked up, offset by good promotions
  • Fee: Varies by tier (Express vs Economy)
  • Speed: Minutes (Express) to 3-5 days (Economy)
  • Funding: Interac, debit card, credit card
  • Best for: First-time user offers, urgent transfers

ICICI Money2India

  • Rate: Competitive for direct bank deposits
  • Fee: CAD 4 flat fee for most transfers
  • Speed: 1-2 business days
  • Funding: Canadian bank account debit
  • Best for: ICICI NRE/NRO account holders

OFX

  • Rate: Competitive on large transfers (CAD 5,000+)
  • Fee: No transfer fee on most amounts
  • Speed: 1-3 business days
  • Best for: Large one-off transfers (property purchase, investment)

Canadian bank wire

  • Rate: Worst exchange rate typically
  • Fee: CAD 25-50 per transfer
  • Speed: 3-5 business days
  • Best for: Rarely the best option

Tips for Canada NRIs Sending Money

  • Fund via Interac — it’s the cheapest and fastest Canadian payment method for remittance services
  • Avoid credit card funding — most services charge an extra 1-3% for credit card payments
  • NRE vs NRO — send to NRE for tax-free interest in India and full repatriability
  • T1135 awareness — your NRE/NRO account balances count toward the CAD 100,000 foreign asset reporting threshold
  • Set rate alerts — CAD-INR fluctuates more than AED-INR. Set alerts to catch favourable rates.
  • Batch transfers — consolidate into one monthly transfer to minimise per-transaction fees

Rates and fees change frequently. Always compare current rates before transferring. NRIWallah may earn a commission from partner links — our comparisons remain unbiased.

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Check the CAD-INR rate, fee, and payout before you remit

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