Remitting from Canada to India

The following table shows how much it costs to remit money from Canada To India. Click on column headings to sort the data.

Note: Corridor averages are unweighted and do not reflect the market shares of the different firms that compose the average. For comparability purposes, the two initial USD reference amounts of $200 and $500 were kept. In the third quarter of 2009, the amounts in local currency were adjusted in order to reflect foreign exchange fluctuations.

How much does it cost to remit?

FromTo

Find out by selecting sending and receiving countries below:

Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in CAD | USD

216540

				Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
ICICI Bank	Bank	5.00	2.70	5.02	10.84	3-5 days	Nationwide	Aug 27, 2009
iKobo	MTO	11.50	0.00	5.32	11.49	Less than one hour	Nationwide	Aug 27, 2009
State Bank of India	Bank	8.00	1.81	5.52	11.92	2 days	Nationwide	Aug 27, 2009
MoneyGram	MTO	10.00	1.68	6.31	13.63	Less than one hour	Nationwide	Aug 27, 2009
Senvia	MTO	10.00	2.81	7.44	16.07	Next day	Nationwide	Aug 27, 2009
ScotiaBank	Bank	11.16	2.55	7.72	16.68	Less than one hour	Nationwide	Aug 27, 2009
Western Union	MTO	15.00	2.55	9.50	20.52	Less than one hour	Nationwide	Aug 27, 2009
Western Union	MTO	15.00	2.55	9.50	20.52	Less than one hour	Nationwide	Aug 27, 2009
ScotiaBank	Bank	12.50	7.87	13.66	29.51	3-5 days	Nationwide	Aug 27, 2009
Toronto Dominion Bank	Bank	30.00	1.17	15.06	32.53	3-5 days	Nationwide	Aug 27, 2009
Royal Bank of Canada	Bank	13.50	11.30	17.55	37.91	3-5 days	Nationwide	Aug 27, 2009
Royal Bank of Canada	Bank	15.00	11.30	18.24	39.40	3-5 days	Nationwide	Aug 27, 2009
Remit2india.com	MTO	15.00	14.82	21.76	47.00	3-5 days	Nationwide	Aug 27, 2009
Bank Average		13.59	5.53	11.82	25.53
MTO Average		12.75	4.07	9.97	21.54
Total Average		13.20	4.86	10.97	23.70
Total Average in First Quarter 2009		18.12	2.83	11.90	25.70

	Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
State Bank of India	Bank	8.00	1.81	3.41	18.41	2 days	Nationwide	Aug 27, 2009
ICICI Bank	Bank	5.00	2.70	3.70	19.98	3-5 days	Nationwide	Aug 27, 2009
MoneyGram	MTO	12.00	1.68	4.08	22.03	Less than one hour	Nationwide	Aug 27, 2009
iKobo	MTO	21.25	0.00	4.25	22.95	Less than one hour	Nationwide	Aug 27, 2009
ScotiaBank	Bank	14.40	2.55	5.43	29.32	Less than one hour	Nationwide	Aug 27, 2009
Senvia	MTO	15.00	2.81	5.81	31.37	Next day	Nationwide	Aug 27, 2009
Western Union	MTO	20.00	2.55	6.55	35.37	Less than one hour	Nationwide	Aug 27, 2009
Western Union	MTO	20.00	2.55	6.55	35.37	Less than one hour	Nationwide	Aug 27, 2009
Toronto Dominion Bank	Bank	30.00	1.17	7.17	38.72	3-5 days	Nationwide	Aug 27, 2009
ScotiaBank	Bank	12.50	7.87	10.37	56.00	3-5 days	Nationwide	Aug 27, 2009
Royal Bank of Canada	Bank	13.50	11.30	14.00	75.60	3-5 days	Nationwide	Aug 27, 2009
Royal Bank of Canada	Bank	15.00	11.30	14.30	77.22	3-5 days	Nationwide	Aug 27, 2009
Remit2india.com	MTO	15.00	14.82	17.82	96.23	3-5 days	Nationwide	Aug 27, 2009
Bank Average		14.06	5.53	8.34	45.04
MTO Average		17.21	4.07	7.51	40.55
Total Average		15.51	4.86	7.96	42.98
Total Average in First Quarter 2009		19.81	2.83	6.80	36.72

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
ICICI Bank	Bank	4.63	2.70	5.02	10.04	3-5 days	Nationwide	Aug 27, 2009
iKobo	MTO	11.50	0.00	5.32	10.64	Less than one hour	Nationwide	Aug 27, 2009
State Bank of India	Bank	7.41	1.81	5.52	11.04	2 days	Nationwide	Aug 27, 2009
MoneyGram	MTO	9.26	1.68	6.31	12.62	Less than one hour	Nationwide	Aug 27, 2009
Senvia	MTO	9.26	2.81	7.44	14.88	Next day	Nationwide	Aug 27, 2009
ScotiaBank	Bank	10.33	2.55	7.72	15.44	Less than one hour	Nationwide	Aug 27, 2009
Western Union	MTO	13.89	2.55	9.50	19.00	Less than one hour	Nationwide	Aug 27, 2009
Western Union	MTO	13.89	2.55	9.50	19.00	Less than one hour	Nationwide	Aug 27, 2009
ScotiaBank	Bank	11.57	7.87	13.66	27.32	3-5 days	Nationwide	Aug 27, 2009
Toronto Dominion Bank	Bank	27.78	1.17	15.06	30.12	3-5 days	Nationwide	Aug 27, 2009
Royal Bank of Canada	Bank	12.50	11.30	17.55	35.10	3-5 days	Nationwide	Aug 27, 2009
Royal Bank of Canada	Bank	13.89	11.30	18.24	36.48	3-5 days	Nationwide	Aug 27, 2009
Remit2india.com	MTO	13.89	14.82	21.76	43.52	3-5 days	Nationwide	Aug 27, 2009
Bank Average		12.59	5.53	11.82	23.64
MTO Average		11.95	4.07	9.97	19.94
Total Average		12.29	4.86	10.97	21.94
Total Average in First Quarter 2009		18.12	2.83	11.90	23.80

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
State Bank of India	Bank	7.41	1.81	3.41	17.05	2 days	Nationwide	Aug 27, 2009
ICICI Bank	Bank	4.63	2.70	3.70	18.50	3-5 days	Nationwide	Aug 27, 2009
MoneyGram	MTO	11.11	1.68	4.08	20.40	Less than one hour	Nationwide	Aug 27, 2009
iKobo	MTO	21.25	0.00	4.25	21.25	Less than one hour	Nationwide	Aug 27, 2009
ScotiaBank	Bank	13.33	2.55	5.43	27.15	Less than one hour	Nationwide	Aug 27, 2009
Senvia	MTO	13.89	2.81	5.81	29.05	Next day	Nationwide	Aug 27, 2009
Western Union	MTO	18.52	2.55	6.55	32.75	Less than one hour	Nationwide	Aug 27, 2009
Western Union	MTO	18.52	2.55	6.55	32.75	Less than one hour	Nationwide	Aug 27, 2009
Toronto Dominion Bank	Bank	27.78	1.17	7.17	35.85	3-5 days	Nationwide	Aug 27, 2009
ScotiaBank	Bank	11.57	7.87	10.37	51.85	3-5 days	Nationwide	Aug 27, 2009
Royal Bank of Canada	Bank	12.50	11.30	14.00	70.00	3-5 days	Nationwide	Aug 27, 2009
Royal Bank of Canada	Bank	13.89	11.30	14.30	71.50	3-5 days	Nationwide	Aug 27, 2009
Remit2india.com	MTO	13.89	14.82	17.82	89.10	3-5 days	Nationwide	Aug 27, 2009
Bank Average		13.02	5.53	8.34	41.70
MTO Average		16.20	4.07	7.51	37.55
Total Average		14.48	4.86	7.96	39.80
Total Average in First Quarter 2009		19.81	2.83	6.80	34.00

200500

				Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
MoneyGram	MTO	10.00	0.46	5.46	10.92	Less than one hour	Nationwide	Feb 12, 2009
State Bank of India	Bank	8.00	2.55	6.55	13.10	2 days	Nationwide	Feb 12, 2009
Senvia	MTO	13.00	2.01	8.51	17.02	Same day	Nationwide	Feb 12, 2009
Western Union	MTO	14.00	2.22	9.22	18.44	Less than one hour	Nationwide	Feb 12, 2009
Remit2india.com	MTO	15.00	1.86	9.36	18.72	Next day	Nationwide	Feb 12, 2009
ICICI Bank	Bank	20.00	2.24	12.24	24.48	Next day	Nationwide	Feb 12, 2009
Royal Bank of Canada	Bank	35.00	2.50	20.00	40.00	3-5 days	Nationwide	Feb 12, 2009
Toronto Dominion Bank	Bank	30.00	8.84	23.84	47.68	3-5 days	Nationwide	Feb 12, 2009
Bank Average		23.25	4.03	15.66	31.32
MTO Average		13.00	1.64	8.14	16.28
Total Average		18.12	2.83	11.90	23.80
Total Average in 2008		19.56	3.18	12.95	25.90

	Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
MoneyGram	MTO	10.00	0.46	2.46	12.30	Less than one hour	Nationwide	Feb 12, 2009
State Bank of India	Bank	8.00	2.55	4.15	20.75	2 days	Nationwide	Feb 12, 2009
Remit2india.com	MTO	15.00	1.86	4.86	24.30	Next day	Nationwide	Feb 12, 2009
Senvia	MTO	20.50	2.01	6.11	30.55	Same day	Nationwide	Feb 12, 2009
Western Union	MTO	20.00	2.22	6.22	31.10	Less than one hour	Nationwide	Feb 12, 2009
ICICI Bank	Bank	20.00	2.24	6.24	31.20	Next day	Nationwide	Feb 12, 2009
Royal Bank of Canada	Bank	35.00	2.50	9.50	47.50	3-5 days	Nationwide	Feb 12, 2009
Toronto Dominion Bank	Bank	30.00	8.84	14.84	74.20	3-5 days	Nationwide	Feb 12, 2009
Bank Average		23.25	4.03	8.68	43.40
MTO Average		16.38	1.64	4.91	24.55
Total Average		19.81	2.83	6.80	34.00
Total Average in 2008		23.06	3.18	7.79	38.95

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram	MTO	10.00	0.46	5.46	10.92	Less than one hour	Nationwide	Feb 12, 2009
State Bank of India	Bank	8.00	2.55	6.55	13.10	2 days	Nationwide	Feb 12, 2009
Senvia	MTO	13.00	2.01	8.51	17.02	Same day	Nationwide	Feb 12, 2009
Western Union	MTO	14.00	2.22	9.22	18.44	Less than one hour	Nationwide	Feb 12, 2009
Remit2india.com	MTO	15.00	1.86	9.36	18.72	Next day	Nationwide	Feb 12, 2009
ICICI Bank	Bank	20.00	2.24	12.24	24.48	Next day	Nationwide	Feb 12, 2009
Royal Bank of Canada	Bank	35.00	2.50	20.00	40.00	3-5 days	Nationwide	Feb 12, 2009
Toronto Dominion Bank	Bank	30.00	8.84	23.84	47.68	3-5 days	Nationwide	Feb 12, 2009
Bank Average		23.25	4.03	15.66	31.32
MTO Average		13.00	1.64	8.14	16.28
Total Average		18.12	2.83	11.90	23.80
Total Average in 2008		19.56	3.18	12.95	25.90

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
MoneyGram	MTO	10.00	0.46	2.46	12.30	Less than one hour	Nationwide	Feb 12, 2009
State Bank of India	Bank	8.00	2.55	4.15	20.75	2 days	Nationwide	Feb 12, 2009
Remit2india.com	MTO	15.00	1.86	4.86	24.30	Next day	Nationwide	Feb 12, 2009
Senvia	MTO	20.50	2.01	6.11	30.55	Same day	Nationwide	Feb 12, 2009
Western Union	MTO	20.00	2.22	6.22	31.10	Less than one hour	Nationwide	Feb 12, 2009
ICICI Bank	Bank	20.00	2.24	6.24	31.20	Next day	Nationwide	Feb 12, 2009
Royal Bank of Canada	Bank	35.00	2.50	9.50	47.50	3-5 days	Nationwide	Feb 12, 2009
Toronto Dominion Bank	Bank	30.00	8.84	14.84	74.20	3-5 days	Nationwide	Feb 12, 2009
Bank Average		23.25	4.03	8.68	43.40
MTO Average		16.38	1.64	4.91	24.55
Total Average		19.81	2.83	6.80	34.00
Total Average in 2008		23.06	3.18	7.79	38.95

200500

				Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
Canada Post	Post office	6.00	1.15	4.15	8.30	2-3 days	-	May 20, 2008
MoneyGram	MTO	10.00	0.73	5.73	11.46	Instant	-	May 20, 2008
State Bank of India	Bank	8.00	2.15	6.15	12.30	1-2 days SWIFT/3-4 days Cable	-	May 20, 2008
Remit2india.com	MTO	15.00	1.66	9.16	18.32	1 day	-	May 20, 2008
ICICI Bank	Bank	20.00	1.71	11.71	23.42	Next day	-	May 20, 2008
Western Union	MTO	27.00	1.03	14.53	29.06	Instant	-	May 20, 2008
Senvia	MTO	15.00	8.53	16.03	32.06	Same day	-	May 20, 2008
Toronto Dominion Bank	Bank	30.00	5.47	20.47	40.94	3-5 days- electronic	-	May 20, 2008
Royal Bank of Canada	Bank	45.00	6.15	28.65	57.30	3-5 days- electronic	-	May 20, 2008
Bank Average		25.75	3.87	16.75	33.50
MTO Average		16.75	2.99	11.36	22.72
Post office Average		6.00	1.15	4.15	8.30
Total Average		19.56	3.18	12.95	25.90
First Quarter 2009		18.12	2.83	11.90	23.80

	Total cost
Firm name	Firm type	Fee (CAD)	Exchange rate margin (%)	Percent (%)	CAD	Transfer speed	Network Coverage	Date
Canada Post	Post office	6.00	1.15	2.35	11.75	2-3 days	-	May 20, 2008
MoneyGram	MTO	10.00	0.73	2.73	13.65	Instant	-	May 20, 2008
State Bank of India	Bank	8.00	2.15	3.75	18.75	1-2 days SWIFT/3-4 days Cable	-	May 20, 2008
Remit2india.com	MTO	15.00	1.66	4.66	23.30	1 day	-	May 20, 2008
ICICI Bank	Bank	20.00	1.71	5.71	28.55	Next day	-	May 20, 2008
Western Union	MTO	51.00	1.03	11.23	56.15	Instant	-	May 20, 2008
Toronto Dominion Bank	Bank	30.00	5.47	11.47	57.35	3-5 days- electronic	-	May 20, 2008
Senvia	MTO	22.50	8.53	13.03	65.15	Same day	-	May 20, 2008
Royal Bank of Canada	Bank	45.00	6.15	15.15	75.75	3-5 days- electronic	-	May 20, 2008
Bank Average		25.75	3.87	9.02	45.10
MTO Average		24.62	2.99	7.91	39.55
Post office Average		6.00	1.15	2.35	11.75
Total Average		23.06	3.18	7.79	38.95
First Quarter 2009		19.81	2.83	6.80	34.00

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Canada Post	Post office	6.00	1.15	4.15	8.30	2-3 days	-	May 20, 2008
MoneyGram	MTO	10.00	0.73	5.73	11.46	Instant	-	May 20, 2008
State Bank of India	Bank	8.00	2.15	6.15	12.30	1-2 days SWIFT/3-4 days Cable	-	May 20, 2008
Remit2india.com	MTO	15.00	1.66	9.16	18.32	1 day	-	May 20, 2008
ICICI Bank	Bank	20.00	1.71	11.71	23.42	Next day	-	May 20, 2008
Western Union	MTO	27.00	1.03	14.53	29.06	Instant	-	May 20, 2008
Senvia	MTO	15.00	8.53	16.03	32.06	Same day	-	May 20, 2008
Toronto Dominion Bank	Bank	30.00	5.47	20.47	40.94	3-5 days- electronic	-	May 20, 2008
Royal Bank of Canada	Bank	45.00	6.15	28.65	57.30	3-5 days- electronic	-	May 20, 2008
Bank Average		25.75	3.87	16.75	33.50
MTO Average		16.75	2.99	11.36	22.72
Post office Average		6.00	1.15	4.15	8.30
Total Average		19.56	3.18	12.95	25.90
First Quarter 2009		18.12	2.83	11.90	23.80

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Canada Post	Post office	6.00	1.15	2.35	11.75	2-3 days	-	May 20, 2008
MoneyGram	MTO	10.00	0.73	2.73	13.65	Instant	-	May 20, 2008
State Bank of India	Bank	8.00	2.15	3.75	18.75	1-2 days SWIFT/3-4 days Cable	-	May 20, 2008
Remit2india.com	MTO	15.00	1.66	4.66	23.30	1 day	-	May 20, 2008
ICICI Bank	Bank	20.00	1.71	5.71	28.55	Next day	-	May 20, 2008
Western Union	MTO	51.00	1.03	11.23	56.15	Instant	-	May 20, 2008
Toronto Dominion Bank	Bank	30.00	5.47	11.47	57.35	3-5 days- electronic	-	May 20, 2008
Senvia	MTO	22.50	8.53	13.03	65.15	Same day	-	May 20, 2008
Royal Bank of Canada	Bank	45.00	6.15	15.15	75.75	3-5 days- electronic	-	May 20, 2008
Bank Average		25.75	3.87	9.02	45.10
MTO Average		24.62	2.99	7.91	39.55
Post office Average		6.00	1.15	2.35	11.75
Total Average		23.06	3.18	7.79	38.95
First Quarter 2009		19.81	2.83	6.80	34.00

Least costly corridors to India
- From United Arab Emirates to India
- From United States to India
- From Saudi Arabia to India
- Compare all »
Least costly corridors from Canada
- From Canada to Vietnam
- From Canada to Philippines
- From Canada to India
- Compare all »