Send Money from India to Canada
After the US, Canada is the most popular choice among students pursuing degrees abroad. Having children living so far away can be difficult. You may want to send gifts to them but are not sure whether they will like your choice. In that case, transferring funds to them, which they can then use to buy something of their choice, seems like a wiser option. You might also be searching for an easy way to transfer funds to them every month, to help with their daily expenses. Whatever your reason, digibank Remit makes it easier than ever to transfer money from India to Canada. With digibank, transferring funds to Canada is rapid, paperless and hassle-free.
Key benefits of online overseas transfer:
Transaction Carried Out Within One Day
Your money will be transferred to the payee's account within 24 hours if you initiate the transaction process before the cut-off time.
Zero Fees for Transactions
Neither you nor your recipient will be charged any fees when you transfer money from India to Canada.
Preferential Exchange Rate
We offer preferential exchange rates for sending money abroad
Full Credit Delivery to Your Payee, Guaranteed
We ensure the delivery of the entire credit amount to your recipient when you send money to Canada from India.
Know the Cost
Through digibank Remit, you have the freedom to transfer money to over 200 nations across the world. We also charge no handling fees for transferring money to many countries. If you want to send money from India to Canada in CAD, the bank fee is zero, as are our agent charges. You will be charged GST on your transaction as and when applicable.
The recipient gets it within the day when you send money from India to Canada. digibank offers this facility for the transfer of funds to numerous other countries if you initiate transfers before the deadline. The cut-off time varies from country to country.
The deadline to transfer money to Canada is 11:30 AM (IST). In case you do not manage to initiate the transfer before the cut-off time for that day, there is no cause for concern. The amount will be delivered on the next working day.
If you want to transfer money from India to Canada in a non-local currency, there is a provision for that too. It will merely take a bit longer. The funds will be transferred in 1-3 working days after you initiate a transfer before the cut-off time.
How to Use digibank Remit Services
For digibank users
- Visit the digibank ibanking website
- Log in and click on "Overseas Transfer" tab under "Pay & Transfer"
New to digibank?
Open your digibank savings account in just a few minutes.
Fill your details and complete KYC.
Activate your digibank savings account
Frequently Asked Questions
Log in to digibank ibanking, go to the section 'Pay & transfer' and then 'Overseas Transfer'.
Add bank details of your new payee, or click on 'Start a transfer' if your payee details are already added. On successful processing, you will receive an email and SMS as confirmation.
Once you log in, you will be required to add some details of your new overseas payee like their full name, account number and bank details before a payment can be processed. As a security measure, confirmation of a new payee is done after specific steps:
- A challenge code will be sent to you via SMS
- Open the digibank app to find the message 'Digital Token' on the pre-login page
- Enter the challenge code to receive an OTP
- Confirm the new payee by typing in the OTP on the Internet Banking page
Please download and log into the digibank app at least once before you add a new payee.
Right now, Indian law does not permit overseas remittances. You can initiate a transfer by merely opening our Internet Banking browser page in your mobile device.
Since all details and declaration are obtained digitally, no paper documents are required for this process. Please read our terms and conditions thoroughly before agreeing to them.
You can send money to Canada for many purposes:
- Maintenance of relatives
- Medical treatment
- Travel for education
- Business trip
- Travel expense for medical treatment
- Travelling for pilgrimage
The daily minimum per transaction limit is USD 10 (or its equivalent), and the upper limit is USD 25,000. The maximum limit per year is USD 250,000 or equivalent (fixed by Reserve Bank of India).