What is the best way to send money to India from Canada?
Since we started our travels and moved to Australia and later on to Canada, we get a lot of questions regarding money transfers.
No one wants to pay ridiculous bank fees and get low exchange rates on their hard earned money when transferring abroad.
We regularly get the same questions as:
- How do you transfer money to India?
- What is the best way to send money to India from Canada?
- How can I send money from India to Canada without paying high fees?
- How to send money from Canada to Indian bank account for free?
In the past, we recommended a few other money transfer companies as CurrencyFair did not do transfers in Indian Rupee.
But all that has changed! CurrencyFair now is offering free transfers of Indian Rupees for a limited time!
You can register with our CurrencyFair link and get your first five transfers for free.
Most banks will charge you an additional 4-6% fee when you want to send money to India, on top of their “sending and receiving” fees.
CurrencyFair uses local banks, which means that you do not need to pay these additional fees when you want to send money to India.
So why is CurrencyFair the best way to send money to India?
With CurrencyFair you can exchange and send money to India up to 8x cheaper than with a standard bank.
So you can say goodbye to hidden fees and charges on transfers of Indian Rupee.
It is easy to set up an account with CurrencyFair and start saving on your money transfers to India.
So how do you transfer money to India
The process for sending money to India from Canada is very easy:
- Sign up to CurrencyFair
- Transfer funds into your CurrencyFair account
- Exchange it at the best market rate
- Send money to your bank account in India
Voila, you have just potentially saved yourself 100’s of Indian Rupees.
The good news is CurrencyFair are doing free transfers on all INR until March 31st. Typically INR 120 after that(which is still a very good price)
P.S Here is the full press release from Currencyfair.