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Send Money from Canada to India

Businesses in Canada paying India suppliers for Textile & Garment. Send CAD from Canada, receive INR in India with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: Local CAD collection + local INR delivery = no correspondent bank fees

Save £3,025 per £100k Payment

Canada to India corridor savings

Traditional Bank
£3,530
  • ❌ 2-3 day settlement
  • ❌ Multiple correspondent banks
  • ❌ Hidden FX margins
  • ❌ High SWIFT fees
Unicorn Currencies
£505
  • ✓ T+0 (2.3s avg within Unicorn network)
  • ✓ Local CAD collection
  • ✓ Transparent 0.5% spread
  • ✓ UPI (Unified Payments Interface)
Your Savings
86%
£3,025 per £100k
At £300k-£3M monthly, save £7,570/year

Sending from Canada: What You Need to Know

CAD Origin Specifics

  • CAD commodity currency (tracks oil/resources)
  • Interac e-Transfer for fast payments
  • FINTRAC oversight

Your Local Advantages

  • Local CAD account available
  • EFT (Electronic Funds Transfer) instant collection
  • No correspondent bank fees on origin side
Local Collection Method
EFT (Electronic Funds Transfer)
T+1 to T+3 • Canadian domestic bank transfers. Standard clearing.

Paying Suppliers in India: Compliance & Requirements

Regulatory Considerations

  • FEMA (Foreign Exchange Management Act) compliance
  • RBI (Reserve Bank of India) reporting for large transactions
  • Import/export code (IEC) required for trade payments
  • GST (Goods and Services Tax) documentation

Payment Best Practices

  • Use UPI or IMPS to avoid 2-3 day SWIFT delays
  • Coordinate with supplier's CA for GST invoice matching
  • INR is volatile - lock rates when favorable
  • Avoid Diwali/festival periods for urgent payments
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via UPI (Unified Payments Interface)

Canada → India Corridor Insights

Popular Industries

  • Textile & Garment
  • IT Services
  • Pharmaceutical

Peak Trading Hours

EST/PST (GMT-5/-8) to GMT time zone consideration

Best for rate execution and faster settlement

Typical Volume

£50k-£250k

Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.

Ready to Send CAD from Canada to India?

Save 86% on every payment with t+0 (2.3s avg within unicorn network). Local CAD collection available.

Open AccountView India Details

Bank of Canada registered PSP | FINTRAC licensed MSB