★ CORRIDOR · CANADA → INDIA · 2026

Sending money to India. The smart way.

Canada-to-India is the second-largest remittance corridor for Canadian families — over $5 billion annually. The big-5 banks charge 2.5-3.0% margin plus a $35 wire fee on UPI/NEFT transfers. Specialist providers like Wise charge under 1.0%. Pick the right one and you save $100-$200 per $5,000 sent.

PROVIDERMARGINFEETOTALSPEEDDELIVERY
Wise$45$5$500-24 hrsBank deposit (NEFT/IMPS)View →
Remitly$58$0$58Instant (Express)Bank, UPI, cash pickupView →
XE$68$0$681-2 daysBank depositView →
WorldRemit$70$4$74InstantBank, UPI, cash pickupView →
Big-5 Bank wire$150$35$1851-3 daysBank wireView →
★ HOW IT WORKS

Bank account, UPI, or cash pickup — what to use

BANK DEPOSIT (NEFT)Standard option. 1-24 hrs. Best for established accounts.
IMPS / UPIInstant settlement. Recipient needs UPI ID (PhonePe, GPay, Paytm).
CASH PICKUPWestern Union/MoneyGram-style agents. Useful for rural areas.
★ 4 RULES FOR INDIA TRANSFERS
  • RBI caps inbound remittances at $250K USD/yr per recipient — most users never hit this
  • Recipient pays no Indian tax on remittances under the gift rules
  • For amounts $5K+, ask provider to send PAN-linked NEFT directly to recipient bank
  • Wise UPI delivery is faster than bank-to-bank — use it when speed matters
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Wise review

Cheapest for India route.

Remitly review

Instant + cash pickup.

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Full comparison.