Send Money to India

OFX: Exchange rates almost as good as your mum’s masala

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Our currency converter displays Market Rates and is not indicative of OFX Customer Rates. Simply register or log in for OFX Customer Rates.

How to Send Money to India

  1. Gather the relevant banking information including your recipient’s IFSC and SWIFT code in addition to the bank account number and the name on the account.

  2. Sign up with OFX, or login to get a live quote for your money transfer.

  3. Enter your details and those of your recipient.

  4. Select ‘finalize transaction’ to process your payment.


It’s easy and affordable to send money to family in India using OFX. Even if you’re not ready to transfer funds today, you can sign up now, so your account is active and ready when a great exchange rate comes up.


When sending money to family in India, keep in mind that different tax regulations may apply depending on many factors including:

  • how the money is going to be used

  • how much you are sending

  • the source of the funds

  • if you’ve paid tax on the funds elsewhere

 

For example, supporting family members by paying for living expenses is usually considered different from sending large sums as a gift. While every effort is made to keep this information up to date, it’s best to check with a professional if you have concerns about any applicable taxes.

India Money Transfers – FAQs

Wondering how to send money to India? We've got the smart, secure way to exchange your Canadian dollars for Indian rupees. With offices around the world, we provide 24-hour access to our highly skilled transfer team.

How quickly can OFX transfer money to your Indian bank account?

Generally speaking, you can expect your funds to arrive  in 2-4 days: two days for your Canadian bank to wire us the money and 1-2 days for OFX to convert your Canadian Dollars into Indian Rupees and transfer to your Indian bank account (via SWIFT) for final settlement.

Is there any limit on how much money you can send to India?

Absolutely not. In fact the more money you send, the better the exchange rate we can give you. However, in order to give you the best exchange rate we do require a minimum of $200 be transferred.

How much does OFX charge to send money to Indian bank accounts?

The most we charge is just $15 for sending Canadian Dollars to India. If you send more than $10,000 to India, your transfer is fee Free. Our customers’ real savings come from our highly competitive exchange rates.  Compare our great exchange rates to your bank and see how hard they are to beat.

Which banks in India do you transfer money to?

OFX can transfer funds to any bank in India, including, but not limited to:

  • State Bank of India (SBI)
  • Punjab National Bank (SBI)
  • ICICI
  • Bank Limited Bank of India
  • Bank of Baroda
  • HDFC Bank Ltd
  • Citibank NA
  • Power Finance Corporate Limited
  • Canara Bank
  • Standard Chartered Bank India

Don't see your bank? Ask us about it after you register. Take a moment to register and one of our Forex professionals will quickly be in contact.