How to transfer money from India to Canada
It is made simple by Orient exchange. The whole process is optimized by us to make you worry less and care more for your dear ones. If you have an internet connection, it will just take some minutes to complete it.
* Navigate to our online portal.
* Register or login to our portal.
* Select send money abroad option to Send Money from India to Canada.
* Select the purpose from the drop down menu
* Enter the amount.
* Upload the documents, and it is all over.
Mode of sending money to Canada
You can send money to Canada through wire transfer and foreign demand drafts. How do they work to complete the money transfer?
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 here, on earth. This process is fast and secure but can attract intermediary bank charges. When in an emergency it is the best way to Transfer Money from India to Canada.
In demand draft transfer, the sender has to apply for a draft for the sum he wishes to send. When he receives it, he 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 cheapest 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.
Major purposes of sending money to Canada
You can remit money for the following reasons
* Private or business trip.
* To hotels and other tourism factors. You can pay them with remittance.
* Education, you can pay the fees and other requirements of a student from India.
* Employment, you can remit money to a person searching for a job and support him in his difficult times.
* Gifting, you can process a payout to make the special day of your special one even more special.
* Immigration and Visa fees. It requires money and, you can seamlessly transfer funds for those purposes.
* Medical expenses. Pay the bills of your loved ones getting top-notch medical focus in Canada and gift them a happy life.
If you can’t find your reason listed here, don’t worry. Get in touch with our team and we can help you sort it out.
Documents required for the wire transfer to Canada from India
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.
* PAN card
* The government recognized Identity proof like the Aadhar card, Passport, and so on.
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.
In case if it is for tourism purposes, the bill and invoice should be produced.
It is the same for medical purposes too.
Contact us to know more about the required documents specifically.
Beneficiary details required to send Canadian Dollars
We now know the documents the sender should have. Now let us know what the receiver should possess.
He should provide the below details
* Passport Details
* Address
* Bank Name and Address
* Bank Account Number
* Transit Code
* Swift Code
Hope you can now send money happily without any queries. Even if you have don’t stop from reaching out to us.
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