![]() ![]() The other option you have is to make an ordinary domestic bank transfer (or card payment) to the local bank account of an international money transfer specialist service, which, in turn, will pay out the funds more quickly and cheaply to your recipient in India than the bank would. #Cad to inr how toSee more about how to make a wire transfer in our in-depth guide here. Wire transfer from Canada to India are the preferred method of most high-street banks and tend to be very slow and pricey. Firstly, you can make a wire transfer from Canada to India (also known as a " international wire transfer"), which is done from your Canadian bank account to your (or your recipient's) Indian one. To transfer money from Canada to an Indian bank account, you will have two options. To find out how to transfer money from Canada to India, take a look at the overview below to discover how to transfer money from Canada to India for two of the most popular receiving methods - bank deposits, cash pickup, and credit and debit card payments: How To Send Money From Canada to an Indian Bank Account PayPal's international transfer arm Xoom) are popular among NRIs in Canada but still don't offer the fairest fees and exchange rates, the fastest transfer speeds, or the most flexible payment options of them all. wire transfers with traditional banks) can often be costly and slow. Using Monito's comparison engine and savvy how-to guides, you can find exactly how to transfer money from Canada to India by taking advantage of the simplest, speediest, and most secure ways to transfer money from Canada to India - no matter the amount or the pay-out method.įirst, it's worth noting that although there are many ways to transfer money from Canada to India, not all of them are suited for your needs. If you're like most NRIs sending money to India from Canada, you probably want to keep your currency exchange fees to an absolute minimum when converting from Canadian dollars to rupees. Want to send money to Canada from India instead? This recommendation was updated a few minutes ago. If your recipient wants to receive Indian rupees in cash in India, then the cheapest provider currently is Remitly, with zero transfer fees and a competitive CAD-INR exchange rate (current rate: 1 CAD = 59.84 INR). If the recipient of the transfer wants to receive Indian rupees in his bank account in India, then the most competitive provider at the moment is XE Money Transfer, with no transfer fees and a competitive CAD-INR conversion rate (their current exchange rate is 1 CAD = 60.5375 INR).Īdding the fees and exchange rate margin, the total cost with XE Money Transfer is 2.02 CAD, in comparison you would pay a total cost of 52.84 CAD (around 26x more expensive) if you were to use Royal Bank of Canada for the very same transfer.įor this transfer to India, it could be interesting to also check out two other competitive providers: InstaReM and Wise. Monito compares 13 different money transfer providers available for your transfer from Canada to India. ![]() How to send money from Canada to India at the best rate?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |