Send Money to Canada at great Exchange Rates

1. Send Money To Canada at Best Exchange Rates You want to Send money to Canada and you’re looking for a good ​forex company​​ or a bank for money transfer to Canada from India​​? You should not look further than BookMyForex.com. Sending money from India to Canada i​s easy and simple with BookMyForex and you can do it all online from the comforts of your home. Sending money to another country is called remittance and ​Remittance is of Two Types: Outward Remittance: ​​When You Send Money From India to A Foreign Country Inward Remittance: ​​When You Send Money To India from a Foreign Country Methods of Sending Money To Canada: You can send money to Canada from India through following two methods: Wire Transfer: Wire transfers are direct bank to bank transfers where money from an Indian bank account is directly transferred to your beneficiary’s bank account abroad. Popular opinion is that Wire transfers from India are the best and most convenient way to transfer money abroad Foreign Currency Demand Draft: A secure and hassle-free way of transferring money. Foreign currency demand drafts are physical paper drafts that can be carried physically internationally or couriered/mailed to a beneficiary abroad. Demand drafts are perfect for things such as applications to colleges, tenders, school fees among other things Ways to Send Money from India to Canada —Banks: Banks are safe and convenient but the charges are high. You have to physically visit a branch and fill out a form to send money from India. However, you will not have enough choice or flexibility in the options to send money from India. You may also need to have an account with the bank. You also will need to show documents like an Identity proof i.e Aadhaar card, Pan Card, Passport etc irrespective of whether you have an account or not. —Money exchangers​​: They are fast but very expensive and not entirely reliable or secure. You don’t need an account but the process is time-consuming and you need proof of residence and identity to send money from India. Money changers may want you to register and verify the recipient or the beneficiary. This is to protect the security of your fund, to prevent fraud, and to make future remittances more streamlined. —Online Forex Companies like BookMyForex- Fast, safe, reliable, and secure. Zero charges, no hidden costs, and better rates than anyone else. There are several aspects in which ​BookMyForex​​ far outweighs other money changers and banks when you need to ​send money from India to Canada​​ or any other country. We tell you how… BookMyForex Vs Banks

2. Send Money To Canada at Best Exchange Rates ​​The ​exchange rates​​ offered by banks are upto 5% higher than those offered by BookMyForex. Also, ​banks​​ follow the practice of offering one card rates or daily rates that work out to far more expensive than live and real time rates offered by BookMyForex (the first and only​​currency exchange in India​​ to do so) for money transfer to Canada from India. Banks fix a particular rate for exchanging a particular currency on a given day (i.e., daily rates) whereas in reality the value of a currency constantly keeps changing in the international market (like stocks in a stock exchange). Therefore, their margins tend to be higher to hedge against any losses on account of currency fluctuation in the international market. Also, not all branches of banks ​deal in forex​​ transactions, so finding one in your vicinity may prove to be a challenge. On the other hand, since BookMyForex is an online platform for forex transactions, you can book your ​order online​​ anytime and from anywhere as per your convenience. You get guaranteed best rates when you send money to Canada from India. BookMyForex Vs other currency exchangers Many forex players are not sure about the documentation required for money remittance and can make you go back and forth unnecessarily, which can be quite a pain! Just like banks, other currency exchangers also operate at ‘daily rates’ which are not comparable to the live rates offered by BookMyForex for ​money transfer to Canada from India​​. Some local money changers offer very lucrative exchange rates provided you don’t take a bill for your transaction to send money from India to Canada. Doing so means buying currency from the black market, and if caught, both, the dealer and the customer, are punishable by law and can land you behind bars. Would you really want to take that risk? Being an online Company, BookMyForex provides customers the convenience of ordering online and the guaranteed best rates to send money from India to Canada because there are no infrastructure costs involved. Moreover, BookMyForex channel partners include reputed names in the Banking Industry, making its distribution network the largest in the country for forex related products. This ensures that our products are within easy reach across the country. To book your order, visit www.​BookMyForex.com/money-transfer/​​ or call @ 921221919191. When Travelling Canada , Carry your currency in form Forex card.It is the easiest and Convenient way to carry currency.