Money Transfer from India to Canada, Best Way!

Thinking How to Send Money from India to Canada? Remittance.Fxkart.Com is a portal that is designed to specifically help you in transferring your money from India to Canada in a matter of minutes. Be it your Overseas education fee, Individual tour cost remittance or your Medical remittance; we are here to make your online transfer of money easier for you.

You can simply rely on us for your wire transfer to Canada and rest easy as we have a very simple process.

Why Choose us for India to Canada Wire Transfer?

LIVE Exchange rates for Canadian Dollar (CAD)

At Fxkart, we work towards getting you the best deal possible from the RBI authorized FX dealer so that you get the LIVE rate for the Canadian dollars compared to other local dealers and banks. You would not have to worry about any elevated rates as we give you the LOWEST possible rates.

Zero commission on every transaction

We do not charge any commission on the transactions. Unlike the banks, you do not have to pay any other charges for getting your money transferred to Canada.

Our rates are transparent, and you get to directly pay to our FX dealer account from your account. There are no hidden costs, no elevated rates and thus, you end up saving huge money as compared to the banks.

We get the amount wired to the beneficiary account abroad within 2 working days of International Banks and get you a SWIFT copy for your transaction.

Block the BEST for CAD

With us, you can mitigate the risks that are associated with the fluctuations of the forex market. The slightest of variations can sometimes have a big impact on your money.

We understand this risk and help you make the most of your money by freezing the rates when they look favourable. We give you the best rates possible and do not charge elevated rates like most of the banks do.

Steps Involved in Transferring Money from India to Canada

We follow a simple process that is easy to understand and follow by all our customers:

Step 1: Create your requirement request

At this step, you have to submit your requirement by creating an account in our portal.

Step 2: Sender & Receiver Details

You need to add your bank details along with receiver information to process the remittance.

Step 3: One-time KYC verification

In this step, you would be required to upload the necessary KYC documents and get them verified online through our account managers. Without this step, your transfer will not progress further, because KYC verification of sender details are mandatory.

Please note: KYC will be varied based on the type of transaction you will carry out. Below are the list of KYCs required to update in dashboard to process your remittance.

Overseas Education & Medical Remittance:

• Aadhaar Card
• Visa/Air Ticket
• PAN Card
• A2 Form for Remittance
• Passport copy
• For Education Transfer we need - Admission letter with Fee breakup copy
• For Medical Transfer we need – Treatment estimate copy

Step 4: Block your rates

In this step, you have to choose the LOWEST rates for your Canadian dollars and If you are happy with the rates then you can block the same rate for next day to SAVE more.

You can block the rate by paying the partial amount or full amount.

Step 5: Initiation

After completing the rate blocking processes, your remittance will be initiated.

Step 6: Credit alert

You would be notified about the credit through a real-time credit alert when your money is successfully deposited in the other account. Once remittance done, you will get a SWIFT copy of your transaction in your dashboard.

Types of Outward Remittances that we offer for Canada

With us, you can count us for the most reliable and convenient way to send money to Canada from India. You will receive the best quotes through our FX dealers. You don’t have to get out of your house comfort for anything at all. You can simply place your order online.

With us, you can rely on various types of remittances to Canada. A few of them include:

• Abroad education remittance
• Medical remittance
• Individual tour cost

How will you get the BEST RATES for Canadian Dollars?

We have an RBI authorized dealer who gets the competitive rates from the market and gets you the best rates for our customers. This way, you get the best possible rates for your money transfer!

What is the Liberalised Remittance Scheme?

This is a scheme undertaken by the RBI to regulate the transfer of money from India to abroad. Under this scheme, all resident individuals are allowed to freely remit up to USD 2,50,000 (or its equivalent freely convertible foreign currency) per financial year.

Types of Purposes allowed to Send money from India to Canada

An individual can send money to Canada for a variety of purposes that include for travel, studies, medical treatment etc. A person can also send money as gift or donations. It is also possible to send money to repay any loans that they may have taken up while they were an NRI. People can also invest in overseas mutual funds or venture funds.

Prohibited transactions for Canada from India

An individual is not allowed to transact money for the purposes of lottery or sweep stakes. He can not engage in any kind of trading activities with the money. A person can’t also participate in making up a company abroad.