A Guide for Indian Students to transfer money to Canada from India

 


For Indian students pursuing higher education in Canada, Sending money abroad is a necessary part of their journey. As an Indian student, you may need to send money to Canada to pay tuition fees, cover living expenses, or even support your family back home.

 In this article, we will explore the various options available for international money transfer to Canada from India.

Online Money Transfer Services:

Online money transfer services have gained popularity in recent years due to their ease of use and competitive exchange rates. Online Services such as Orient Exchange allow you to transfer money to Canada from India quickly and efficiently. You will need to set up an account with the service provider and provide your Canadian bank account details. Once the account is set up, you can transfer money to Canada using your debit card or bank transfer. These services also offer competitive exchange rates, making them a cost-effective option.

GIC Transfer:

Indian Students who wants to study in Canada should aware of Opening of GIC account, one needs to create a GIC account compulsory as a investment deposit in Canadian Banks.

Many Indian Financial Companies Like Orient Exchange has licence to create GIC account in India itself.

Bank Transfers:

Bank transfers are one of the least option to transfer money internationally. Indian students can use their local bank to transfer money to their Canadian bank account. To initiate the transfer, you will need to provide your Canadian bank account details, including the account number and routing number.

The funds can take anywhere from 3-5 business days to reach your Canadian bank account.

Credit Card Transfers:

Credit card transfers are another option available to Indian students. If you have a credit card with a high limit, you can use it to pay for your tuition fees or living expenses in Canada. However, credit card transfers come with a high-interest rate and foreign transaction fees. Therefore, it is recommended to use this option only in emergencies or for small amounts.

Orient Exchange

Orient Exchange  is a popular money transfer service that allows you to send money abroad including Canada from India. The process is simple: you need to provide the recipient's name, address, and phone number, along with your credit or debit card details.

Orient Exchange use transfer modes such as Convera Payment, Flywire and Paymytution, one can opt multiple options according their purposes.

In conclusion, Indian students have several options available for international money transfers to Canada. The choice of the service will depend on various factors such as cost, convenience, and speed. It is important to compare the exchange rates and fees offered by different service providers to make an informed decision. Additionally, it is advisable to plan your money transfers in advance to avoid any last-minute delays or complications.

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