How to transfer money from India to Canada?

Make full use of the all-new online remittance process

It is extremely easy to perform a wire transfer from India to Canada. In a hassle-free way, BookMyForex will help you take care of your wire transfer. On BookMyForex's portal, you can book your international transfer order online and sign the documents either offline or online.

Here's how you can use BookMyForex to wire transfer cash from India to Canada. You just need to simply follow these steps: 

Stage 1: If you are entitled for an outward remittance, you need to verify first about that. Mention  the details of the sender along with the details of the receiver. The purpose of your remittance will also have to be listed. 

Stage 2: You will be requested to submit the documents after you have listed the information. Documents such as PAN card, passport front and back page, remitter photo cum address proof, and many other documents may need to be uploaded. 

Kindly keep in mind that the client also has the option of doing this process offline and going to the bank to sign the papers. It is safer to opt for a document pickup arrangement due to the ongoing COVID-19 pandemic. You can also attach the documents to the portal itself which would save you a lot of time. 

Stage 3: You can now transfer the funds directly to one of the partner banks of BookMyForex post that.  

Stage 4: The rate you see on your mobile/desktop screen will be booked and a digital A2 form will be sent to you. So that you don't have to visit the bank, you can sign it on the portal itself. The transfer process will begin with our partnering bank and give you a SWIFT acknowledgement.

Benefits of choosing a fully online remittance process on BookMyForex?

1: From the comfort of your house, you can send money overseas (up to 25,000 USD). For that, you wouldn't need to visit the bank.

2: You will end up saving up to 2 percent if you place an online remittance order on BookMyForex . Typically, banks would cost you a lot more than you have to pay on BookMyForex. Live CAD exchange rates can also be booked on BookMyForex.

3: We want to keep the approach easy and efficient, so that you don't have to go through the pain of reading all the documents. Everything you need to do is upload the documents to our portal, and we are done. Trust us, it's that easy!

4: We handle the customer's money at BookMyForex like our own money. BookMyForex facilitates remittances in India through trusted banks. We also follow the orders and keep you updated with the progress until the money is sent to the recipient in Canada from India.

Notes:

All foreign currency transactions are subject to Service Tax.

Foreign Exchange and Money Transfer services are available through Tie-up with Reserve Bank of India approved Authorized Dealers only. All foreign exchange transactions are subjected to AML/CFT/KYC & FEMA policies instructed by Reserve Bank of India.