Last reviewed: · Curated by Ohmyfin Organisation editorial.
Canada has one of the world's largest Indian diaspora communities — over 1.6 million people — and is a major remittance source for India. CAD payments exit via Lynx (the Bank of Canada's large-value transfer system, which replaced LVTS in 2021) and route through a Canadian correspondent to an Indian bank via SWIFT, settling via RBI RTGS. CAD is converted to INR either in Canada or at the Indian end; some banks offer direct conversion. FINTRAC requires reporting for transfers above CAD 10,000. India's FEMA inward reporting applies at the receiving end. Time-zone gap (India is 9.5–10.5 hours ahead of Toronto) means evening Canadian sends arrive in India the next morning. Track your UETR on Ohmyfin.
Settlement path: Lynx (Bank of Canada) → RBI RTGS / NEFT. Currency pair: CAD → INR.
The three most common causes of delay on this corridor are: (1) FEMA reporting by the Indian receiving bank, (2) CAD-to-INR conversion via USD intermediate step at the correspondent, and (3) FINTRAC (Canada AML) compliance review for amounts above CAD 10,000.
If the payment has not arrived within 4 business days, ask your sending bank to file an MT199 payment enquiry citing the UETR and the holding bank's BIC shown on the Ohmyfin GPI tracker.
Most SWIFT transfers on the Canada–India corridor credit the beneficiary within 2 business days. In 95% of cases the payment arrives within 4 business days. The most common delay is fema reporting by the indian receiving bank.
The three most common delay causes are: FEMA reporting by the Indian receiving bank; CAD-to-INR conversion via USD intermediate step at the correspondent; FINTRAC (Canada AML) compliance review for amounts above CAD 10,000.
Track the UETR on Ohmyfin — the GPI status shows exactly which bank is holding the payment. If delayed beyond 4 business days, ask your sending bank to file an MT199 payment enquiry citing the UETR and the holding bank's BIC.
The dominant settlement path is Lynx (Bank of Canada) → RBI RTGS / NEFT. The currency pair is CAD → INR.
No card needed. Free for ordinary users — completely free for individuals — no daily limit, no card required. Track any international wire across 11,000+ banks.
Track a payment now — completely free Or try the tracker now →