Book a Money2India money transfer today

Money2India is an online money transfer service affiliated with ICICI Bank, the largest private sector bank in India. ICICI Bank is available across India, with over 3,800 branches and 11,750 ATMs.

With great exchange rates and low transfer fees, you can quickly send money to India from Canada, with the money typically arriving within just 24 hours.

Although Money2India works closely with ICICI Bank, there is no obligation for you or your recipient to be an account holder with the bank. You only need to register for the Money2India service online.

Money2India transfer fees and exchange rates

Money2India offers competitive exchange rates and low fees to send money to India from Canada.

• Exchange rates. Money2india prides itself on offering an exchange rate that is more competitive than other banks, even allowing you to choose a fixed rate for your transfer that you can lock in while your transaction processes. Money2India also offers indicative rates, which forecast trends in the market to anticipate the future cost of your transfer.
• Fees. Fees vary based on the type of exchange rate and the amount of money being sent, with most fees ranging between $0 and $4.

What types of transfers can you carry out with Money2India?

With Money2India, you have a variety of options to choose from when transferring money from Canada to India. You can use different sending methods for different recipients once you have set them up in your account. These options include:

• ICICI bank transfer. This is an electronic transfer of funds, where the money is deposited into an ICICI bank account in India from your ICICI bank account in Canada.
• Bank transfer. In addition to ICICI, Money2India allows transfers to over 100 different banks with 75,000+ branches across India.
• Visa debit card. An electronic transfer can be placed onto a resident Visa debit card that was issued in India.
• Demand draft. There are over 700 locations in India where a demand draft can be cashed for your recipient. A demand draft is a financial bank draft that can be paid on demand.
• Fixed rate transfer. A fixed exchange rate lets you know exactly how much money your recipient will receive.
• Indicative transfer. An estimated exchange rate can be used to forecast how much your recipient will receive based on market trends.
• Mobile app transfer. The Money2India mobile app allows you to send convenient and affordable transfers.

The registration and transfer process

You will need to follow a few simple steps before you begin sending transfers with Money2India:

1. Register for an account. Accounts are free, and you can sign up in under 10 minutes by providing your personal details, including contact information, proof of ID and bank account details.
2. Enter your transaction details. Enter all of your relevant transaction information, including the amount and currency you plan to send, along with your recipient’s personal and banking information. Add multiple recipients to your account and Money2India will store information so you don’t need to resubmit for future transfers.
3. Specify your exchange rate. Choose between an indicative or predicted rate which uses the market rate at the time of transfer or lock in a fixed transfer rate which uses the rates available at the time of booking.
4. Finalize the transaction. Once you submit your transfer request, you will receive an online tracking number by e-mail so that you know when your funds have been delivered.

Pros and cons of using Money2India

Compare Money2India to other money transfer services

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Filter Values	Fastest Transfer Speed	Fees (Pay by Bank Transfer)
Wise (TransferWise) Finder Award		24 hours	From 0.48%	Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.	Go to site View details Compare product selection Compare	loading
RemitBee		Within minutes	From $0	View details Compare product selection Compare	loading
Xe Money Transfers		Within minutes	$0	Xe has fast transfers with low fees and a range of foreign currency tools.	Go to site View details Compare product selection Compare	loading
Instarem		Within minutes	From $0	Enjoy a special exchange rate and zero fees on your first transfer between 50 CAD and 2,500 CAD. Valid until June 30, 2026.. T&Cs apply.	Instarem offers zero transfer fees on all transfers.	Go to site View details Compare product selection Compare	loading
Africhange		Within minutes	From $0	Send money in CAD to Africa on this blockchain and P2P powered provider.	Go to site View details Compare product selection Compare	loading
Remitly		Within minutes	From $0	Special offers like free transfers and better exchange rates available for new customers. Remitly has quick, affordable transfers around the world, with both express and economy options.	Go to site View details Compare product selection Compare	loading
WorldRemit		Within minutes	From $0	View details Compare product selection Compare	loading
MoneyGram		Within minutes	From $0	Go to site View details Compare product selection Compare	loading
OFX Exclusive		24 hours	From $0	Finder exclusive: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee. T&Cs apply.	Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee. OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.	Go to site View details Compare product selection Compare	loading
Xe Money Transfers		Within minutes	$0	Xe has fast transfers with low fees and a range of foreign currency tools.	Go to site View details Compare product selection Compare	loading
Airwallex		Within an hour	$0 - $35	Get up to $500 in FX fees refunded for international money transfers sent within the first 3 months of opening a new account. T&Cs apply.	Go to site View details Compare product selection Compare	loading

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Bottom line

While Money2India is a low fee service with competitive exchange rates, you should still compare all of your money transfer options to make an educated decision about how to transfer your funds. Pay attention to transfer fees, exchange rates and turnaround time before booking a transfer to make sure that the provider you choose can meet all of your needs.

Learn more about sending international money transfers in our detailed guide.

Frequently asked questions about Money2India

• Is Money2India available in Canada?

  Yes. You can use Money2India in Canada as long as you register for a free account online.

• Is this service available for small businesses?

  Money2India is a person-to-person international money transfer service and does not allow transactions for any commercial purposes.

• How long do transfers take?

  The time it takes for your transfer to process will typically depend on the way in which the money is being deposited. While most transfers process in 24 hours, some funds can take up to two to three days to arrive.

• Is there an app available to conduct transfers?

  There is a Money2India mobile app, which you can download and then use on your smartphone. This app provides a secure online platform for sending money conveniently and securely to India.

• Is it free to sign up for a Money2India account?

  Yes. There is no charge to sign up for an account but you will need to provide your personal and banking details to get started.

• Do you need an account with Money2India to use it?

  Yes. You must register for an account in order to use the service.

• Which countries is Money2India available from?

  You can use Money2India from Canada, the USA, the UK, Sweden, Switzerland, Singapore, Hong Kong, the UAE and Australia.

• How do you check your balance/progress of transferring your money?

  You can log in to your account in order to check the progress of your transaction. If you are receiving funds, you can simply insert your reference number into the “Track Your Transfer” search box on the site.

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Written by

Emma Balmforth

Producer

Emma Balmforth is a producer at Finder. She is passionate about helping people make financial decisions that will benefit them now and in the future. She has written for a variety of publications including World Nomads, Trek Effect and Uncharted. Emma has a degree in Business and Psychology from the University of Waterloo. She enjoys backpacking, reading and taking long hikes and road trips with her adventurous dog. See full bio

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