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).
Save £3,025 per £100k Payment
Canada to India corridor savings
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local CAD collection
- ✓ Transparent 0.5% spread
- ✓ UPI (Unified Payments Interface)
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
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
Canada → India Corridor Insights
Popular Industries
- Textile & Garment
- IT Services
- Pharmaceutical
Peak Trading Hours
EST/PST (GMT-5/-8) to GMT time zone consideration
Typical Volume
£50k-£250k
Frequently Asked Questions: CAD-INR Payments
How fast are CAD-INR payments?
CAD-INR payments settle in an average of 2.3 seconds wallet-to-wallet when using Unicorn Currencies' local rails, or 1-3 days via traditional SWIFT depending on the route and correspondent banks involved.
What does a CAD-INR transfer cost?
Unicorn Currencies charges a 0.5% FX spread plus a flat fee of £5 per payment for CAD-INR transfers. This is significantly cheaper than traditional banks which typically charge 2-4% in hidden FX margins plus high SWIFT fees.
What exchange rate do I get for CAD-INR?
You get real-time wholesale CAD-INR exchange rates with 15-second rate locks. Our rates are sourced from institutional FX markets, giving you the same pricing that banks use for their own trades.
Can I lock the CAD-INR rate in advance?
Yes, forward contracts are available for CAD-INR payments. You can lock in today's rate for future payments, protecting your business from currency fluctuations for up to 12 months.
What details do I need for CAD-INR payments?
Beneficiary details vary by destination. For India payments, you typically need the recipient's local account details (UPI (Unified Payments Interface)), account number, and beneficiary name. Some destinations may also require local clearing codes.
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.
Bank of Canada registered PSP | FINTRAC licensed MSB