Send Money to India From Canada: 9 Services Compared (2026)

Sending money to India from Canada means paying Canadian dollars to a bank or a money transfer business that delivers Indian rupees to a bank account, a UPI ID or a cash counter in India. This page covers the Canada-to-India route only: which services deliver by UPI, bank deposit or cash, what each one publishes about fees, limits and speed, and how three quotes read on the same day compared. Provider facts come from each provider’s own Canadian page, read on October 11, 2026. Cost rules come from the Financial Consumer Agency of Canada (FCAC) and reporting rules from FINTRAC. This page is general education, not financial advice. For other destinations, the wider comparison of international money transfer services from Canada covers ten providers. A separate page covers sending money to the Philippines from Canada.

How much does it cost to send money to India from Canada?

Sending money to India from Canada costs two things: a transfer fee and an exchange-rate markup. The fee is printed in the quote. The markup is the gap between the rate a provider gives and the rate currencies trade at between banks, and it does not appear as a line of its own.

How to read this table: Paraphrased closely from the FCAC page 'Sending money to someone in another country'; the quoted wording is in the source record.

Cost	What the FCAC says	Where it shows up
Transfer fee	Some businesses and financial institutions charge a flat fee for sending money; others charge different fees depending on the amount sent. Fees may also differ by payment method.	Shown before you pay. Banks and other federally regulated financial institutions must tell you how much they will charge to send money abroad.
Exchange rate	Some businesses make a profit on money transfers by charging a higher than usual exchange rate.	Ask about the exchange rate and compare it with the rate of other currency exchange businesses.
Charges at the receiving end	The recipient may have to pay a fee or tax to collect the money, on top of the fees paid to send it.	Not included in the sending fee a Canadian bank discloses; ask the recipient's bank or pickup agent.
Credit card costs	Paying for a transfer with a credit card may be treated as a cash advance, with no interest-free period and usually a higher interest rate.	In the credit card agreement, not in the transfer quote.
Speed	Delivery may take from a few minutes to a few days; a faster option usually costs more.	Shown as a delivery estimate before you pay.

Source: Sending money to someone in another country — what a remittance is (Financial Consumer Agency of Canada); Sending money to someone in another country — fee disclosure (Financial Consumer Agency of Canada); Sending money to someone in another country — how fees differ (Financial Consumer Agency of Canada); Sending money to someone in another country — payment method (Financial Consumer Agency of Canada); Sending money to someone in another country — exchange rate (Financial Consumer Agency of Canada); Sending money to someone in another country — exchange-rate timing (Financial Consumer Agency of Canada); Sending money to someone in another country — credit card cash advances (Financial Consumer Agency of Canada); Sending money to someone in another country — delivery time (Financial Consumer Agency of Canada); Sending money to someone in another country — faster delivery (Financial Consumer Agency of Canada); Sending money to someone in another country — cost of receiving (Financial Consumer Agency of Canada); Sending money to someone in another country — receipt and transaction number (Financial Consumer Agency of Canada); Sending money to someone in another country — complaints (Financial Consumer Agency of Canada); Sending money to someone in another country — provincially regulated businesses (Financial Consumer Agency of Canada); Money services businesses (MSBs) — purpose of the obligations (FINTRAC); Money services businesses (MSBs) — remitting or transmitting funds (FINTRAC); Money services businesses (MSBs) — registration (FINTRAC). In effect from October 16, 2025; checked October 11, 2026.

Providers on this route price in different ways. Wise says it converts at the live mid-market rate and charges a separate fee. Xe states a fee of $1 on transfers under $1,000 and $0 on transfers over $1,000 and applies its own rate. Remitly’s published fee to India is $1.99 on transfers below $500 and $0 on transfers of $500 or more, with its own rate. RBC, CIBC and TD publish no transfer fee and apply the bank’s exchange rate. Western Union’s India page carries the footnote that Western Union also makes money from currency exchange.

Because the pricing models differ, the fee line cannot be compared across providers. The figure that captures both costs is the number of rupees delivered for a fixed number of Canadian dollars.

Nine ways to send money to India from Canada at a glance

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Nine services that send money to India from Canada: published transfer fee, delivery methods in India, speed and sending limit

Feature	Transfer fee (as published)	Delivery in India	Speed	Limit
Wise	$7.77 (₹67,030.89 delivered) on $1,000 by bank transfer (October 11, 2026)	a bank account in India, including NRE and NRO accounts, or a UPI ID	usually 1 working day after Wise receives and converts the money, with conversion taking up to 2 working days	100 million rupees per transfer
Remitly	$1.99 on transfers below $500 and $0 on transfers of $500 or more (October 11, 2026)	bank deposit, cash pickup and UPI	Depends on payment method, delivery method, transaction review and system availability	Depends on the sending country, whether the sender's identity has been verified, the delivery method and the destination country
Western Union	Shown in its price estimator; not published as a table	Cash payout or bank account	Not stated on the page read	Not stated on the page read
Xe	$1 on transfers under $1,000 and $0 on transfers over $1,000	bank deposit, cash pickup or mobile wallet	the same day for many transfers, minutes for card payments and typically 1 to 3 business days for EFT payments	US$535,000, or the currency equivalent, per transfer
ICICI Bank Canada Money2India	zero fees on up to $6,000 in a single transaction, subject to its terms	Bank accounts in India	Described as instant to ICICI Bank and IMPS-enabled banks in India, subject to its terms	Not stated on the pages read
RBC International Money Transfer	$0 transfer fee	Bank account	typically within 2 business days, and up to 7 business days in some cases	$50,000 CAD equivalent per day
CIBC Global Money Transfer	no transfer fee; CIBC's standard foreign exchange rates apply	Bank account	by the next business day for most transfers, and 2 to 3 business days for some	$100,000 per transaction for most countries
TD Global Transfer	no TD transfer fee	Bank account, or cash pickup through Western Union	typically 1 to 5 business days (bank transfer)	$10,000 per day, $40,000 per week and $100,000 per month (bank transfer)
Scotiabank International Money Transfer	a $1.99 transfer fee that Scotiabank is currently waiving	Bank account	within an hour to less than one day for many transfers, with a small number taking a few business days	up to $15,000 per day and $25,000 per week

Sources: each provider's own Canadian page, read October 11, 2026. A fee of zero is not a total cost of zero: the exchange rate is a separate cost. Bank limits and speeds are the banks' general international transfer terms, not India-specific promises.

The table in sentences. Wise delivers to a bank account in India, including NRE and NRO accounts, or a UPI ID, and says a transfer arrives usually 1 working day after Wise receives and converts the money, with conversion taking up to 2 working days. Remitly delivers by bank deposit, cash pickup and UPI and says transfers are delivered on time, or Remitly refunds its fees. Western Union offers a deposit directly to a bank account in India or cash at hundreds of thousands of agent locations in India, and gives a free, no-obligation estimate of costs in its app before sending. Xe sends to more than 120 Indian banks and lists bank deposit, cash pickup or mobile wallet as receive methods.

ICICI Bank Canada runs Money2India, funded from an ICICI Bank account or any Canadian debit card, and advertises zero fees on up to $6,000 in a single transaction, subject to its terms. The bank has 15 locations in Ontario, British Columbia, Nova Scotia, Alberta and Manitoba, and its online banking transfers support IMPS, NEFT and RTGS, three Indian payment networks. RBC lists a $0 transfer fee and allows $50,000 CAD equivalent per day. CIBC says there is no transfer fee; CIBC's standard foreign exchange rates apply, with delivery by the next business day for most transfers, and 2 to 3 business days for some. TD says there is no TD transfer fee on international bank transfers. Scotiabank has a $1.99 transfer fee that Scotiabank is currently waiving and names India among its faster destinations.

Three quotes for $1,000 to India, read on October 11, 2026

Three providers showed a price for $1,000 Canadian sent to India on their public pages on October 11, 2026, a Sunday. Each line below is that provider’s own figure for that amount on that day, and nothing more.

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In sentences: Wise quoted a total fee of $7.77 (₹67,030.89 delivered) at 67.5558 rupees per Canadian dollar. Xe showed ₹67,390.80 at 67.3908 rupees per Canadian dollar with no send fee, paid by direct debit, with delivery typically 3 business days. Remitly showed 69.18 rupees per Canadian dollar as a welcome rate.

What the three lines show:

• A zero fee did not come with the better rate. Wise’s rate was the higher of the two non-promotional rates and it charged a fee; Xe charged no fee and used a lower rate. On this one quote, Xe’s figure was about ₹360 more than Wise’s. Wise’s fee came to about 0.78% of the amount.
• The Remitly figure is a promotion. Remitly’s page offers a special exchange rate and no fees on the first three transfers to new customers, and the promotional rate covers the first $2,000 sent by a new customer. The displayed rate applies when paying from a bank account or Interac e-Transfer. A later transfer, or a larger one, is priced differently.
• Speed and payment method differ between the lines. Xe calls direct debit its cheapest way to pay, and its card payments are faster. The quotes are not like for like on delivery time.
• Rates move. A quote read on a weekend can differ from one read during the week. These figures describe October 11, 2026 only and say nothing about another amount, another day or another destination.

One more published figure exists for this route. EQ Bank’s own research, which it dates March 4, 2025, put the total cost of sending $500 through its Wise-powered service at $4.82 to India in rupees, $4.71 to the United States in US dollars and $3.79 to France in euros. That is EQ Bank’s estimate about its own service on one day.

How the way you pay changes the price

The payment method can change the cost more than the choice of provider. Wise publishes its cost to send $1,000 to India by each method: $6.56 from a Wise balance, $7.77 by bank transfer and $10.52 by direct debit, and $13.46 by Interac e-Transfer. Those figures were the same in every read of the page on October 11, 2026. The card rows were not: across reads that day the lowest card figure shown was $18.77 for a debit card and the highest was $55.72 for a credit card. Even the lowest card figure was more than twice the bank transfer figure, for the same transfer. Xe says card payments come with a small additional fee. Western Union says a card-issuer cash advance fee and interest charges may apply, and the FCAC notes that a card issuer may treat the payment as a cash advance.

What is the best way to send money to India from Canada?

The best way to send money to India from Canada depends on how the recipient collects the money and how much is being sent. Using only what each provider publishes:

• The recipient uses UPI. Wise and Remitly both list UPI. Wise says up to 200,000 rupees can be sent instantly to a UPI recipient.
• The recipient has a bank account, including an NRE or NRO account. Wise delivers to a bank account in India, including NRE and NRO accounts, or a UPI ID. Xe sends to more than 120 Indian banks. Western Union offers a deposit directly to a bank account in India. The four big banks send to bank accounts from online banking.
• The recipient banks with ICICI Bank. ICICI Bank Canada describes Money2India transfers to ICICI Bank and IMPS-enabled banks in India as instant, subject to its terms, and the service can be funded from an ICICI Bank account or any Canadian debit card.
• The recipient needs cash. Western Union pays out at hundreds of thousands of agent locations in India. Remitly lists cash pickup. TD Global Transfer offers cash pickup through Western Union.
• The sender wants to pay in cash. Western Union accepts a bank account, a credit or Visa debit card, or cash in store, and says it is available at more than 4,000 Canada Post locations.
• The amount is large. Xe allows US$535,000, or the currency equivalent, per transfer online, Wise allows 100 million rupees per transfer between private individuals, and CIBC allows $100,000 per transaction for most countries. Wise’s large-transfer discount starts once monthly sending volume passes $35,000.
• The money is for an investment or a donation. Wise says it does not allow transfers to India for investment or charitable donation. A bank or another provider is the route to ask about for those purposes.

The Wise Canada review covers Wise’s account and card in more depth, and Wealthsimple vs Wise compares the two for spending and sending abroad.

UPI, IMPS, bank deposit or cash: delivery methods in India

Money sent from Canada reaches India in one of four ways, and the delivery method sets the speed and the limit as much as the provider does.

UPI. UPI is India’s instant payment system, and a UPI ID looks like an email address. Wise describes the format as a name followed by the bank’s name. A UPI transfer needs the recipient’s name and UPI ID, not an account number.

Bank deposit over IMPS, NEFT or RTGS. These are Indian payment networks that move rupees between bank accounts. Wise says a transfer of up to 500,000 rupees to an IMPS recipient can be sent instantly. ICICI Bank Canada’s online banking transfers support IMPS, NEFT and RTGS.

NRE and NRO accounts. These are rupee accounts that Indian banks offer to non-residents. Wise is the one provider read that names them as destinations.

Cash pickup. The recipient collects rupees at an agent counter, and the FCAC notes that a recipient may need identification to collect. Western Union tracks each transfer by its Money Transfer Control Number.

How much money can you send to India from Canada?

Each provider sets its own sending limit, and limits can change with the payment method and the delivery method.

In sentences: Wise allows 100 million rupees per transfer to a private individual and Xe allows US$535,000, or the currency equivalent, per transfer. Among the banks, RBC allows $50,000 CAD equivalent per day, CIBC $100,000 per transaction for most countries, TD $10,000 per day, $40,000 per week and $100,000 per month on bank transfers and $999.99 per day, $2,999.99 per week and $6,999.99 per month on cash pickup, and Scotiabank up to $15,000 per day and $25,000 per week. Remitly publishes no single figure on its India page; it says limits depend on the sending country, whether the sender's identity has been verified, the delivery method and the destination country. Western Union’s India page did not state a limit in the text read.

Is a large transfer to India reported?

Yes: FINTRAC, the federal anti-money-laundering agency, requires banks and money services businesses to report international transfers of $10,000 or more.

How to read this table: From FINTRAC's guidance 'Reporting electronic funds transfers to FINTRAC', which is written for reporting businesses.

Situation	What FINTRAC says	Who files the report
Single transfer	A bank or money services business must send FINTRAC an Electronic Funds Transfer Report when it initiates an international electronic funds transfer of $10,000 or more in a single transaction at a customer's request.	The bank or money services business
Several transfers in 24 hours	Under the 24-hour rule, a report is also required when 2 or more international transfers total $10,000 or more within a static 24-hour window and the business knows they are connected in the ways FINTRAC lists.	The bank or money services business
Type of transfer	SWIFT and non-SWIFT electronic funds transfers are added together for the 24-hour rule.	The bank or money services business

Source: Reporting electronic funds transfers to FINTRAC — financial entities (FINTRAC); Reporting electronic funds transfers to FINTRAC — the 24-hour rule (FINTRAC); Reporting electronic funds transfers to FINTRAC — SWIFT and non-SWIFT transfers (FINTRAC). In effect from June 24, 2024; checked October 11, 2026.

Two points keep this in proportion. The report is filed by the bank or transfer business, not by the person sending the money. And FINTRAC’s guidance describes a reporting duty; it does not call the threshold a cap on what a person may send. A provider may ask for identification or the source of the money as part of its own checks. Tax questions sit outside this page; Canadian residents who hold accounts or other property in India can read the guide to T1135 foreign property reporting.

What details does the recipient in India need to give you?

For a bank deposit, the sender needs the recipient’s full name, account number and IFSC. Xe says the IFSC code is required for all bank transfers to India, and spells the abbreviation out as Indian Financial System Code. Wise asks for an 11-character IFSC made of letters and numbers, and for the purpose of the payment chosen from a list; it warns that a wrong purpose can lead to questions and a slower transfer. Wise also asks for the name in Latin characters only.

For a UPI transfer, the recipient’s name and UPI ID replace the account number and IFSC. For cash pickup, the FCAC notes that the recipient may need identification to collect the money.

A transfer sent to the wrong account is hard to recall. RBC states on its transfer page that a sent transfer cannot be changed and typically cannot be reversed.

How long does it take to send money to India?

A transfer from Canada to India takes anywhere from seconds to a few business days, and the payment method is the main cause of the spread.

• Wise: usually 1 working day after Wise receives and converts the money, with conversion taking up to 2 working days.
• Xe: the same day for many transfers, minutes for card payments and typically 1 to 3 business days for EFT payments. Its direct debit quote on October 11, 2026 showed delivery typically 3 business days.
• Remitly: it says timing depends on payment method, delivery method, transaction review and system availability, and that transfers are delivered on time, or Remitly refunds its fees.
• RBC: typically within 2 business days, and up to 7 business days in some cases.
• CIBC: by the next business day for most transfers, and 2 to 3 business days for some.
• TD: typically 1 to 5 business days on international bank transfers.
• Scotiabank: within an hour to less than one day for many transfers, with a small number taking a few business days.

On the pages read, paying by card was the faster option and the more expensive one, and paying from a bank account was cheaper and slower.

How to compare two quotes for the same transfer

Compare quotes for the same amount, the same payment method and the same delivery method, taken minutes apart, and judge them by the rupees delivered. The FCAC’s general list of questions to put to any provider sits in the wider comparison of money transfer services in Canada; the steps below apply it to rupees.

A working checklist for the India route:

1. Fix the Canadian-dollar amount, fees included, and write down the rupees each service says the recipient gets. The higher rupee figure is the cheaper transfer.
2. Match the payment method. Wise’s own table shows one transfer costing more than twice as much by card as by bank transfer.
3. Match the delivery method. UPI, bank deposit and cash pickup can carry different fees, limits and speeds.
4. Check whether the rate is a welcome rate. Remitly’s displayed rate is for new customers and covers the first $2,000 sent by a new customer.
5. Check the limit against the amount, including instant limits for UPI and IMPS.
6. Ask what the receiving bank deducts. RBC says an intermediary bank or the recipient's bank may require additional fees or service charges.
7. Confirm the IFSC or UPI ID with the recipient before paying.
8. Keep the receipt and transaction number. The FCAC says these let a transfer be traced.

Are services that send money to India registered in Canada?

Yes: a business that sends money for customers is a money services business, and FINTRAC requires it to register before operating in Canada.

How to read this table: From FINTRAC's 'Money services businesses (MSBs)' page, which is written for businesses.

Topic	What FINTRAC says
Who must register	A money services business or foreign money services business must register with FINTRAC before beginning to operate in Canada.
Does sending money abroad count?	Yes. Remitting or transmitting funds from one person or entity to another is one of the money services business services FINTRAC lists.
Provincial licences	A business registered or licensed with a province or territory must still register with FINTRAC.
Cost of registration	FINTRAC does not charge registration fees.
What the obligations are for	Obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, to help combat money laundering and terrorist activity financing in Canada.

Source: Sending money to someone in another country — what a remittance is (Financial Consumer Agency of Canada); Sending money to someone in another country — fee disclosure (Financial Consumer Agency of Canada); Sending money to someone in another country — how fees differ (Financial Consumer Agency of Canada); Sending money to someone in another country — payment method (Financial Consumer Agency of Canada); Sending money to someone in another country — exchange rate (Financial Consumer Agency of Canada); Sending money to someone in another country — exchange-rate timing (Financial Consumer Agency of Canada); Sending money to someone in another country — credit card cash advances (Financial Consumer Agency of Canada); Sending money to someone in another country — delivery time (Financial Consumer Agency of Canada); Sending money to someone in another country — faster delivery (Financial Consumer Agency of Canada); Sending money to someone in another country — cost of receiving (Financial Consumer Agency of Canada); Sending money to someone in another country — receipt and transaction number (Financial Consumer Agency of Canada); Sending money to someone in another country — complaints (Financial Consumer Agency of Canada); Sending money to someone in another country — provincially regulated businesses (Financial Consumer Agency of Canada); Money services businesses (MSBs) — purpose of the obligations (FINTRAC); Money services businesses (MSBs) — remitting or transmitting funds (FINTRAC); Money services businesses (MSBs) — registration (FINTRAC). In effect from October 16, 2025; checked October 11, 2026.

Registration is about anti-money-laundering obligations. FINTRAC’s page does not say registration insures a customer’s money or vouches for a business’s prices. Wise is registered with FINTRAC as a money services business (Wise Payments Canada Inc.), number M15193392. RBC, CIBC, TD, Scotiabank and ICICI Bank Canada are banks, and the FCAC says banks must have a complaint-handling process. The FCAC adds that other money transfer businesses may be provincially regulated.

Common mistakes when sending money to India

• Choosing by the fee line. A zero fee with a wider exchange-rate gap can deliver fewer rupees than a visible fee with a tight one.
• Treating a welcome rate as the regular rate. A new-customer rate may cover only the first transfers or a capped amount.
• Paying by credit card without checking the cost. The card can add a provider fee and a cash advance charge from the issuer.
• Entering the wrong IFSC or UPI ID. A completed transfer is hard to reverse.
• Sending for a purpose the provider does not allow. Wise does not allow transfers to India for investment or charitable donation.
• Finding the limit on the day. A tuition or property payment can exceed a daily or instant limit and need several days.
• Expecting Interac e-Transfer to reach India. It moves Canadian dollars between accounts in Canada. Wise and Remitly accept it as a way to pay for a transfer, but it cannot deliver to an Indian account; the guide to transferring money between banks covers domestic options.

Sending money to India as a newcomer or international student

Sending money home often comes up before a newcomer has settled on a Canadian bank. A specialist transfer service does not require switching banks: it is paid from whatever Canadian account the sender already holds. Some newcomer banking packages include international transfer offers, so the choice of account and the choice of transfer service are linked; the guide to the best bank accounts for newcomers compares those packages. The newcomer budget calculator helps size a regular amount to send home against rent and other first-year costs, and the newcomer money guides cover the rest of setting up.

How this list was put together

YieldMaple read each provider’s own Canadian page on October 11, 2026 and recorded only fees, delivery methods, limits, delivery times and registration details stated there, with the exact wording saved for each fact. The three price quotes are the figures each provider displayed that day for $1,000 Canadian sent to India. No provider supplied information or paid to be listed, and there are no affiliate links on this page. The list is not exhaustive, and leaving a service out is not a judgment about it. SBI Canada Bank’s remittance page could not be read on the day, and BMO’s transfer page could not be read either, so neither appears. Western Union shows prices only inside an interactive estimator, so no Western Union quote appears. Wise’s page also displays its estimates of other providers’ prices; this guide does not repeat them because they are a competitor’s figures. Fees, offers and exchange rates change often; the quote shown before paying is the only price that applies to a transfer.