How long does a SWIFT transfer from Canada to India take?
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.
Details
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.
Key facts
- Typical settlement: 2 business days
- 95th-percentile: 4 business days
- Currency pair: CAD → INR
- Settlement system: Lynx (Bank of Canada) → RBI RTGS / NEFT
- Top delay cause: FEMA reporting by the Indian receiving bank
How to track a delayed transfer — step by step
- Get the UETR from your sending bank — Ask your bank for the MT103 payment confirmation. The UETR (Unique End-to-end Transaction Reference) is in field 121 — a 36-character UUID formatted as 8-4-4-4-12 hexadecimal characters.
- Track the payment on Ohmyfin — Paste the UETR into the free Ohmyfin tracker at ohmyfin.org. You will see which bank is currently holding the payment and its live SWIFT GPI status code (ACSP, ACWP, RJCT, etc.).
- Identify the holding bank and delay cause — On the Canada–India corridor, the 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. The GPI tracker shows exactly which bank last acknowledged the payment.
- Ask your bank to file an MT199 enquiry — If the payment has been static for more than 24 hours, ask your sending bank to send an MT199 payment investigation message quoting the UETR and the holding bank's BIC. SWIFT GPI service levels require banks to respond within one business day.
Frequently asked questions
How long does a SWIFT transfer from Canada to India take?
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.
What causes delays for Canada–India payments?
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.
What should I do if my Canada–India SWIFT transfer is late?
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.
Which clearing system is used for Canada–India payments?
The dominant settlement path is Lynx (Bank of Canada) → RBI RTGS / NEFT. The currency pair is CAD → INR.
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