Transfer Money from India to Canada

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

1. Through Banks: To transfer money from India to Canada via banks, provide recipient's Canadian bank details and purpose of transfer. Fill out transfer form accurately, considering exchange rates and fees. Initiate transfer through your bank, track progress with transaction reference. Funds deposited into recipient's Canadian bank account. One of the biggest disadvantage of bank transfer is high exchange rate, which leads to loosing large sum of money.
2. Through Orient Exchange: Orient Exchange made easy for customers to transfer money from India to Canada. 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.

Here are few steps to transfer money to Canada from India through Orient Exchange portal

• 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 and other details.
• Upload the documents, and it is all over.

Transferring money from India to Canada through Orient Exchange can offer several advantages.

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 Rating

Different Modes of Money Transfer to Canada from India offered by Orient Exchange

You 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.

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 Address proof like the Aadhaar card, Passport, and so on.
• 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.

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.

Know more about :How to Open a GIC Account and Transferring funds to GIC Account

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.

Sender 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.

Need More Help?

Mail Us at [email protected] Or Call Us on 080-4600 3700