Cheapest way to receive CAD in India

The most affordable ways to receive Canadian dollars in India include:

• Skydo: An RBI-authorised platform built for Indian exporters and freelancers, Skydo typically offers the fastest processing times and among the most competitive exchange rates with transparent, low fees for receiving international payments.
• Direct bank transfer (SWIFT): Traditional option supported by most banks, though it involves higher fees and longer processing times compared to specialized platforms.
• Wise: Known for mid-market exchange rates and clear fee structures, though transfer times can vary.
• Payoneer: Suitable for freelancers, with multi-currency account options but generally higher conversion margins.

When evaluating options, compare not just transfer fees but also exchange rate margins and processing speed. For detailed comparisons and steps on how to transfer money from Canada to India, review each platform's current rates and limits before choosing the method that best fits your business needs.