Tips on How to Send Money from India to Canada

There are many purposes for which we send money abroad. Many of you might be sending money from India to Canada to support your family members that live there. This may include sending money for their living expenses, education, medical expenses, or other financial needs. And in the education sector, India is one of the top sources of international students in Canada. So, there must be many curious and anxious parents who would want to know how to send money safely to their child studying in Canada. And the line, “transfer money from India to Canada”, may sound big and daunting, but don’t worry, we are here to help you. Thomas Cook will show you tips and ways how you can send money from India to Canada securely.

Traditional ways of sending money abroad often end up becoming either risky or costlier with extra incurring charges. And sending money from India to Canada is a serious matter. It can seem like a complicated process, but with the right knowledge and resources, you can easily transfer money to Canada to support your loved ones or invest in your future. Using Thomas Cook’s reputable money transfer service can help ensure that your transfer is safe, reliable, fast and cost-effective. With options like Thomas Cook’s forex cards and remittance services, you can choose the method that works best for your needs.

Exchange Rate

The most important tip to successfully transfer money is by taking the time to compare exchange rates and fees and understanding the process. This way, you can send money to Canada from India with peace of mind. The exchange rates vary every day based on a number of factors, including, economic factors such as inflation, interest rates, unemployment, and economic growth. Other factors include political factors, market sentiment, international trade and investment and more. So, it becomes important to keep an eye on the live exchange rate of the currencies.

Thomas Cook provides a table of the live currency exchange rates where you can see 25+ countries’ buy rates of travel cards and cash, as well as sell rates and remittance rates. By clicking on the rate, you can also check the rate trend.

By keeping an eye on the live exchange rates of the currencies, you can ensure that you get the best deal possible when exchanging currencies. Thomas Cook provides up-to-date information on the exchange rates of major currencies so that you can make an informed decision on when to exchange your money.

Currency Converter Calculator

You can use our currency converter calculator to get an estimate of how much foreign currency you will receive in exchange for your home currency. This can help you plan your budget and make informed decisions when travelling or sending money abroad. Whether you’re exchanging currencies for sending or investment purposes, being aware of the current exchange rates can help you get the most value for your money. With Thomas Cook’s live currency exchange rates, currency converter calculator and other resources, you can transfer money from India to Canada with confidence and ease.

Ways to send money from India to Canada

Forex Card

Forex cards are one of the most feasible, fast and reliable ways of sending or carrying foreign currency with you. You can load the card with Canadian dollars and send it to the recipient. The recipient can then use the card to withdraw money from ATMs or make purchases at merchants that accept Mastercard, use it for their living expenses or pay their tuition fees. Thomas Cook provides two types of cards; one-currency and multi-currency card. You can use these cards to send money from India to Canada by loading the Canadian currency on the cards. When you purchase a forex card for a student, the student also receives benefits and services like Thomas Cook’s study buddy.

How to send money to Canada from India using Thomas Cook’s forex card:

• Apply for a Thomas Cook Forex Card: You can apply for a forex card online or at a Thomas Cook branch near you. Make sure to choose a card that supports Canadian Dollars (CAD) and has sufficient funds for the amount you want to send.

• Load the Card with Funds: You can load the forex card with Indian Rupees (INR) by transferring funds from your bank account or using a debit card. The funds will be converted to CAD at the prevailing exchange rate at the time of loading the card.

• Add a Beneficiary: To transfer the funds to Canada, you will need to add a beneficiary or recipient to the forex card. This can be done through the Thomas Cook website or by visiting a branch in person.

• Transfer Funds: Once the beneficiary is added, you can transfer the funds to the forex card by logging in to the Thomas Cook website or using the Thomas Cook mobile app. The funds will be instantly available on the forex card and can be used to make purchases or withdraw cash in Canada.

Remittance Service

This money transfer service allows you to send money from India to Canada by wire transfer. You can visit any Thomas Cook branch or use our online platform to initiate the transfer. The funds will be deposited into the recipient’s Canadian bank account.

Here’s how you can send through Thomas Cook’s Remittance Service:

• Create an Account: To use our remittance service, you need to create an account with Thomas Cook. This can be done online by providing your personal details and uploading your KYC documents.

• Choose the Transfer Amount: Once you’ve created an account, you can select the amount of money you want to transfer to Canada. You can also choose to send money regularly by setting up a recurring transfer.

• Add the Recipient: You’ll need to provide the recipient’s details, including their name, address, and bank account information. You’ll also need to provide their SWIFT code, which is a unique identifier for their bank.

• Confirm the Transfer: Once you’ve entered the transfer details, you can confirm the transfer and initiate the payment. You can pay for the transfer using your bank account or a debit card.

• Track the Transfer: You can track the progress of the transfer through your Thomas Cook account. You’ll receive updates on the status of the transfer, including when the money has been credited to the recipient’s account.

Thomas Cook‘s remittance service offers competitive exchange rates and low fees for transferring money from India to Canada. Our service is secure and reliable, with a 24/7 customer support team available to answer any questions or concerns. You can use Thomas Cook’s service to not only send money to your friends and family in Canada, but they can also send money to India from Canada.