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Transfer Money to Canada from India for following Purpose
Why to Choose Orient Exchange for Transferring Money from India to Canada
Exchange Rate
Orient Exchange offers best exchange rate for Canadian Dollars to Transfer money from India to Canada.
Student Friendly
Indian students can open a GIC account through Orient Exchange and transfer funds to GIC Account.
Pay only 2% to block the rate
One can freeze the exchange rate of CAD by paying 2% advance amount.
Video-KYC
Customers can verify their required documents for money transfer through video to save extra money and time.
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Online Remittance - How It Works
Canada is the land that rewards the hardworking people a little more than what is due. With low numbers of unemployment and high values of annual income, we can understand its robust economy. It paves the way to better health facilities and elevated levels of education.
All these are wrapped in its culture, which is rich in diversity. It accepts and recognizes multi culturism. The beauty of Canada doesn't stop there. To add even more colors to your life, it has some eye-satisfying scenery with green forests and you can find the world's largest coastline here. You will never get bored of this.
All these points are enough to understand that it will surely be a hot spot for Indian travelers, business minds, and students. It houses more than a million Indians and more than 3 lakh students per month who are in the pursuit of their dreams. They get a cost-efficient world-class education that has international validity and also non-toxic, protected, and satisfactory living surroundings.
This brings us to the need for money transfers to Canada from India. Since you will somehow help your loved ones to settle down there or help your children to experience the Canadian education.
So how do you do that?
How to transfer money from India to Canada?
One can transfer money from India to Canada in following ways
Here are few steps to transfer money to Canada from India through Orient Exchange portal
Here are some of the most significant benefits:
Convenience
Transferring money from India to Canada can be done quickly and easily through Orient Exchange. This means you can send money to Canada without leaving your home or office.
Cost-effective
Orient Exchange offer competitive Exchange rate and low fees. This can make sending money to Canada more affordable compared to traditional wire transfers offered by banks.
Faster processing times
Orient Exchange can process transfers in a matter of hours or days, compared to other money transfer service providers.
GIC Payment Facility
Orient Exchange has partnered with multiple Canadian banks such as Bank of Montreal, CIBC Simplii, ICICI Canada, to open and transfer funds to Canadian GIC account, which helps immensely to Indian students who wants to study in Canada.
Security
Orient Exchange use secure encryption methods to protect your personal and financial information, ensuring that your money is safe and secure.
Flexibility
Orient Exchange is available 24/7 to transfer money from India to Canada, one can easily access our online portal.
Access to funds
Transferring money to Canada from India can ensure that your family or business partners have access to the funds they need, when they need them.
Trusted Partner
Orient Exchange has rated 4.9 out of 5 from 22000+ customers on google review platform which, reflecting its reputation for exceptional service, reliability, and customer satisfaction in the realm of International money transfer,currency exchange and other financial services.
Check Our Google Review and RatingYou can send money to Canada through wire transfer and foreign demand drafts.
Wire Transfer: It is a method of electronically transferring funds from one country to another. It involves sending money through a secure network, typically between banks or financial institutions. Wire transfers are known for their speed and reliability, making them popular for international transactions and large-sum transfers.
Foreign Demand Drafts:These are financial instruments used for international payments. They are issued by banks and represent a promise to pay a specified amount to the recipient upon presentation. Demand drafts offer a secure means of transferring funds across borders, often utilized for transactions where checks or wire transfers may not be feasible.
Best Mode of transferring Funds to Canada from India?
When you do a wire transfer from India to Canada, the transfer happens directly within the bank. You will not get involved in it. It is done through the SWIFT network. It is the abbreviation of Society for Worldwide Inter bank Financial Telecommunication which connects almost every bank available in the world. It is ideal mode of money transfer because it offers quick and secured payment process.
In demand draft transfer, the sender has to apply for a draft for the sum he/she wishes to send. When he/she receives it, he/she has to mail it to the person who receives the fund. The receiver has to produce it in the nearby bank to collect his fund. Collection charges may be applied. It is the one of the best way to send money to Canada but, this process is dead slow. It may take days to complete and is not an ideal option for emergency cases.
Going by above, wire transfer is the best way as compared to Demand Draft because it is secured, less costly and also quick.
How Our Experts helps in reducing extra cost while transferring money to Canada from India?
Our Experts continuously updating our Live Exchange Rate chart to give the best exchange rate for our customers.
Another important feature of Orient Exchange is facility of blocking exchange rates, here customers can block exchange rate up-to 48 hours by paying 2% advance amount. This will helps customers to avoid exchange rate fluctuations.
To complete your transfer, you will be asked to submit some not so rare documents.
We will list it out so that you can be ready with that when you commence the transfer process.
Contact us to know more about the required documents specifically.
Note: In case if you are thinking of how to transfer money to GIC account in Canada from India. You will have to have the GIC Account Opening Letter.
We now know the documents the sender should have. Now let us know what the receiver should possess.
Sender should provide the below details
Hope you can now send money happily without any queries. Even if you have don’t stop from reaching out to us.
Need More Help?
Mail Us at [email protected] Or Call Us on 080-4600 3700
Easy Steps to Send Money to Canada from India
Frequently Asked Questions
Yes, there are certain limits on the amount of money that can be send from India to Canada. For instance, the Reserve Bank of India (RBI) has set an annual limit of $250,000[USD] or equivalent to any other currency[Including CAD] for individuals under the Liberalized Remittance Scheme (LRS). If you need to transfer more than this amount, you may need to seek special permission from the RBI.
Yes, one can transfer the funds to GIC Account through Orient Exchange. Students gets special offer on fund transfer, if they open GIC Account through us.
The time taken to transfer money from India to Canada can vary depending on the transfer method. Generally, wire transfers can take 1-5 business days.
The fees involved in transferring money from India to Canada can vary depending on the transfer method and the service provider. Orient Exchange offers best exchange rate and reasonable transfer fee to send money to Canada.
Most reputable and RBI Authorized money transfer services like Orient Exchange use encryption and other security measures to protect your personal and financial information. It's important to choose a trusted provider and to take steps to safeguard your own information, such as using a strong password and avoiding public Wi-Fi networks.
If you encounter any issues or delays with your money transfer from India to Canada, you should contact our customer support team for assistance. Be prepared to provide your transfer details and any relevant documentation or information.
Orient Exchange is categorized as Authorized Category 2 Dealers by RBI. All transactions are regulated under FEMA Rules 1999.
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Currencies Available for Exchange
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