We are authorized by FINTRAC and have been moving cash securely abroad for our customers for over 25 years. Therefore, it’s important to use a reliable and reputable payment provider, such as MTFX. When transferring large sums of money to India, you need to be able to do it with peace of mind. Is your Money Safe with Online International Transfer Services? Complete your CAD to INR conversion and let MTFX do the rest. Next, enter the amount and recipient’s details, then book a great CAD to INR conversion rate. Add funds to your account and choose the currency. Once you register, you can check the CAD to INR live exchange rate. Log in or register a new account for free in minutes. How to Convert Canadian Dollar to Indian Rupees? Our low transfer fees mean your savings add up quickly, especially for global businesses and those who transfer money regularly to India. Thus, we can afford to share more profits with customers even though our margins are a lot tighter. In addition, MTFX handles transactions in bulk. Ultimately, the best way to reduce the cost of international money transfers is to use an online specialist service.įor example, MTFX’s secure online platform offers technological efficiencies that eliminate the need for expensive legacy systems. Some banks and providers will cleverly offer a no-fee transfer while including hidden costs within the exchange rate you get. There may also be additional charges, such as bank overheads. With banks, you not only get inflated exchange rates but high fees. International money transfer fees are the cost you pay for moving money into a foreign bank account. Transfer Fees: Another Cost Factor to ConsiderĪlthough the CAD to INR rate makes up a significant chunk of your money transfer costs to India, you also have to look out for fees. You can also check out MTFX live exchange rates to view the CAD to INR rate for today. Looking for a Canadian dollar to Indian rupees converter? The MTFX rate calculator will do the job. Predicting currency markets is difficult, but it pays to check the value of your transaction before booking your transfer. This allows you to save cash when purchasing goods, services, or labor from India. To avoid this inflated rate, it’s better to use an international money transfer specialist that offers the “true” currency exchange rate.Ī great exchange rate means your money is worth more, and you get a higher value when exchanging to INR. If you’re using a bank, you’ll likely pay more because of exchange rate markups.īanks take the interbank/mid-market rate and add a profit-making percentage. The CAD-to-INR exchange rate you get depends on the provider you use. Let’s assume you want to pay your suppliers in India. After all, businesses should prioritize maximizing profits, and individuals should take advantage of every opportunity to save and pocket cash when sending money abroad. It’s natural to look for the cheapest way to exchange CAD to INR as the first port of call. That said, your only motivation shouldn’t be to save money when converting currency, but to get the best possible value from your provider in terms of speed, convenience, security, and support.īefore you convert CAD to INR, here’s what you need to know to get your money’s worth. If you’re moving money to India, your biggest concern is the CAD to INR exchange rate. One of the most popular currencies (top five)² being changed is the Indian Rupee. Individuals are also looking to buy property abroad, pay for overseas tuition fees, fund a wedding abroad, and make foreign mortgage payments, among other things. Moving money from Canada to India? Finding the best exchange rate to convert Canadian dollars to rupees is crucial, along with low transfer fees and quality service.Ĭanada has seen a surge in demand¹ for online overseas money transfer services as businesses expand globally.
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