Send money from Canada to India
Grey pays into any Indian bank account you can route with an IFSC code, or straight to a UPI ID. SBI, HDFC Bank, ICICI Bank, Axis Bank, Punjab National Bank, Bank of Baroda and Kotak Mahindra Bank are reachable, and so are Google Pay, PhonePe and Paytm. You hold your Grey balance in US dollars, provided by Lead Bank, in pounds or in euro, and convert to rupees at the moment you send. Your mother in Ludhiana or your brother in Kochi needs no Grey account of her own or his.
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Who is actually sending money along this corridor
India is the destination that shaped remittance habits in this country, and the corridor is not abstract. It runs through Brampton and Surrey, through Abbotsford and Scarborough, through the Malayali nursing staff in Mississauga hospitals and the Punjabi trucking and trades firms around Calgary and Edmonton. Most people using it are not sending once. They send on a schedule that somebody in Punjab, Kerala, Gujarat or Tamil Nadu has already budgeted around.
What gets paid is usually four things running at the same time: a parent's household in Jalandhar, a home loan instalment on a flat in Mohali, a semester of college fees in Coimbatore, and the attendant who sits with a grandparent in Amritsar. Different amounts, different dates, and none of them forgiving of a surprise.
Grey pays into the details your family already recognizes. An account number with its IFSC code, or a UPI ID they read off a phone. The rupees arrive as an ordinary credit, and nobody at the other end signs up for anything.
Signing up, funding and sending to India
Sign up
A Grey account is free and opens in about five minutes. You will need a valid identity document. Nothing is posted to you and no branch appointment is booked.
Fund
Grey holds no Canadian dollar balance. You hold US dollars, provided by Lead Bank, pounds or euro, funded by money arriving from a client, an employer or a transfer you make yourself.
Send
Enter the account number and IFSC code, or the UPI ID. The rupee amount, the rate and the fee appear together. Confirm, and the rate is fixed from that moment.
What a transfer to India costs
Indian remittance pricing is crowded and most of it is advertised on the fee alone. A service can charge nothing visible and still hand over fewer rupees than one that charges openly, because the difference has been taken in the rate instead. Read the rupee total, not the headline.
There is also no domestic habit to fall back on here. Interac e-Transfer, the thing every Canadian reaches for first, does not cross a border, so your honest points of comparison are a bank wire or a remittance agent. In both cases the question is what lands in India, not what the sending side quoted you.
How the fixed rate works, balance to rupees
Grey shows the rate before you confirm and holds it once you do. The rupee figure you approved is the rupee figure that arrives. There is no recalculation afterwards and no adjustment later in the day if the market has moved.
On a corridor where most transfers repeat, that matters more than it would on a one-off. If you cover a parent's household in Jalandhar on the same date every month, you are comparing one known rate against last month's known rate rather than guessing at an average.
Grey next to a wire from a Canadian bank
An international wire from RBC, TD Canada Trust, Scotiabank, BMO or CIBC is a bank product built for occasional large payments. It travels through correspondent banks, the exchange rate is set inside the bank rather than shown to you as its own number, and you generally learn what reached India only after it has landed. Grey separates the two numbers, puts them in front of you before you commit, and tracks the transfer from confirmation to settlement, so nobody has to phone a branch to ask where the money is.
What your recipient in India sees
Nothing is downloaded, registered for or opened at the Indian end. The rupees appear in the account or the app your family already watches.
Bank account, routed by IFSC
Enter the account number and the branch IFSC code. SBI, HDFC Bank, ICICI Bank, Axis Bank, Punjab National Bank, Bank of Baroda and Kotak Mahindra Bank are all reachable, along with most other Indian banks. The credit reads as an ordinary inward payment.
UPI ID
If the household runs on UPI, enter the UPI ID instead. The money reaches them through Google Pay, PhonePe or Paytm the way a domestic UPI credit would, which in a lot of homes in Punjab and Kerala is the balance anyone actually checks.
GreyTag, if they are on Grey too
A sibling or cousin who already holds a Grey account can be paid by GreyTag instead. Those transfers are free and instant, in whichever currency the two of you choose.
Getting money into your Grey balance
Grey is funded by money arriving from somewhere outside Canada, so for a new sender the first real question is where that money comes from rather than how the transfer itself behaves.
From a client
Freelance and contract work paid in US dollars, pounds or euro arrives straight into the matching balance. A large share of India-corridor senders in Toronto and Vancouver are in exactly that position.
From an employer
Pay from a company outside Canada can be received into the balance and held there, then converted once when you send rather than converted on the way in and again on the way out.
From a transfer you make yourself
Money you already hold elsewhere can be moved in and left sitting, which is what most people do when they want a semester's fees or a wedding contribution ready before the date arrives.
Whichever route it takes, the balance stays in one currency until you press send, and the conversion into rupees happens once, at a rate you have already read.
What Canadians send to India for
Family support, month after month
Electricity, groceries and medicines for parents in Jalandhar or Thrissur, paid on the same date each month from Brampton or Surrey. The amount is often modest. The reliability is the entire point.
Property and home loans
An EMI on a flat in Mohali. A plot in Ludhiana paid down in instalments. Registration and stamp duty on a family purchase in Ahmedabad. Large, dated, and unforgiving of a delay.
Tuition and student costs
College fees in Coimbatore, Pune or Delhi, hostel charges, coaching fees for a younger sibling. Fixed amounts against fixed deadlines, usually with a receipt expected back.
Elderly care
The attendant who comes daily to a grandparent in Amritsar, a home nurse in Kochi, a hospital bill in Chandigarh. The part of the corridor nobody budgets for and almost everybody ends up paying.
Four things carry most of the weight on this corridor, and they behave very differently from one another.
Why Canadians use Grey on the India corridor
Open the account, put money into a balance, and pay an IFSC-routed account or a UPI ID. Most people manage the first two in an evening and the third the same week.
There is no relationship to prove and no branch to visit. What you need is a valid identity document and your recipient's details, which on this corridor means either an account number with its IFSC code, or a UPI ID somebody can read to you off a screen.
FAQs
Can I send to a UPI ID from Canada, or only to a bank account?
Both work. Enter a UPI ID and the rupees reach your recipient through Google Pay, PhonePe or Paytm, or enter an account number with its IFSC code.
Do I need the IFSC code as well as the account number?
Yes. The IFSC code identifies the branch and routes the payment, so a bank payout in India needs the account number and the IFSC together.
Does my mother in Ludhiana need a Grey account to receive the rupees?
No. The money lands as an ordinary credit in her Indian bank account or UPI app. She registers for nothing and downloads nothing.
Can I top up Grey in Canadian dollars before sending to India?
No. Grey holds no Canadian dollar balance. You hold US dollars, provided by Lead Bank, pounds or euro, and convert to rupees when you send.
Which Indian banks can Grey pay into?
SBI, HDFC Bank, ICICI Bank, Axis Bank, Punjab National Bank, Bank of Baroda and Kotak Mahindra Bank are reachable, along with most other Indian banks.
Can I use Interac e-Transfer to send money to India?
No. Interac e-Transfer stops at the Canadian border. Grey converts from your US dollar, pound or euro balance and pays rupees into an Indian account.
Is the rate I see the rate my family in Kerala actually gets?
Yes. The rate is shown before confirmation and fixed at confirmation, so the rupee figure you approved is the figure that reaches them.
Can I pay college fees in India straight from Grey?
Yes. Pay the institution's own Indian bank account using its account number and IFSC code, the same way you would pay a relative.
How do I pay an EMI on a flat in Mohali from Canada?
Send to the loan account's bank details, account number and IFSC code together. The credit reaches it the way a domestic instalment payment would.
Can Grey reach a village branch account in Punjab?
Yes, provided you have that branch's IFSC code and the account number. A rural branch code is handled exactly like a city one.
How long does a transfer from Canada to India take?
Transfers from a funded Grey balance typically arrive within minutes, whether you pay an IFSC-routed bank account or a UPI ID.
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