How Do You Receive CAD (Canadian Dollar) Payments in India in 2026?

The table ranks platforms with full published pricing for CAD by the INR received on CAD 5,000, then lists other business platforms that accept CAD, unranked. Fees were checked on 30 Sept 2026 or later.

The real CAD to INR rate is the mid-market rate, the midpoint between buying and selling prices. Banks apply a TT buying rate below it, and card and platform rates add their own margin. For example, at an example mid-market rate of ₹67.50, a rate of ₹66.70 on CAD 5,000 pays ₹4,000 less. See what the mid-market rate means.

Today's rate, its history and every platform's payout are on the CAD to INR rate page.

Each row applies the platform's published fee, FX markup and 18% GST on the fee to the mid-market rate of ₹67.69 per CAD for 3 Nov 2026.

Yes, a person resident in India can hold export earnings in an EEFC account with an AD bank. Up to 100 percent of foreign exchange earnings received through normal banking channels, other than loans or investments, may be credited. The account pays no interest. Ask your AD bank whether it offers CAD as an EEFC currency. See EEFC account benefits.

• Eligibility: Any person resident in India with foreign exchange earnings can open an EEFC account under Schedule I to FEMA 10(R), as set out in para 3.1 of the Master Direction on Deposits and Accounts.
• Conversion rule: The Master Direction says monthly accruals should be converted into rupees by the last day of the next month, after adjusting for approved uses or forward commitments (para 3.1(6)). Ask your AD bank how it applies this.
• Uses: Balances can pay for current and capital account transactions abroad, and rupee withdrawals are allowed but cannot be credited back (para 3.1(2) and (3)).
• No credit: Banks cannot give fund-based or non-fund based credit facilities against EEFC balances, and the account is non-interest bearing (para 3.1(4) and (7)).

• Spot: Convert CAD to INR on the day the money arrives at the rate your bank or provider quotes. This is the simplest option and leaves you open to rate moves between invoice and payment.
• Forward contract: Book a CAD to INR forward with your AD bank against a real export exposure. The amount and tenor cannot exceed the exposure under para 2.4 of the Master Direction on Risk Management. CAD-INR is not among the currency pairs permitted on Indian stock exchanges under para 3.2. See RBI hedging rules for exporters.
• Limit order: Some banks and providers let you set a target CAD to INR rate and convert automatically when it is reached. RBI does not set a standard product for this, so check availability and charges with your bank.
• Natural hedge: If you pay CAD costs such as Canadian software or contractors, you can keep CAD in an EEFC account and pay those costs from it, as payments abroad are permitted debits under para 3.1(2).

CAD receipts follow the same export rules as any foreign currency. Canada is not an ACU member, so payment may come in rupees or any foreign currency through an authorised bank. Since 1 October 2026, the FEMA (Export and Import of Goods and Services) Regulations, 2026 set realisation at nine months and require an EDF.

• Purpose code: Choose the code that matches the service, such as P0802 'Software consultancy/implementation (other than those covered in SOFTEX form)' or P1006 'Business and management consultancy and public relations services' from the RBI purpose code list. See P0802 purpose code.
• EDF: Service exporters file an EDF within 30 days from the end of the invoice month under Regulation 3(2). The EDF replaced SOFTEX for software from 1 October 2026 under A.P. (DIR Series) Circular No. 20. See EDF form for exports.
• Realisation: The full export value must be realised within nine months of the invoice date, or 12 months if invoiced or settled in INR, under Regulation 5. See export realisation period.
• EDPMS: For invoices up to ₹10 lakh, your AD bank may close the EDPMS entry on your declaration under Regulation 4(2).
• FIRA: FIRA is not a term defined in RBI rules. GST refund rules refer to a BRC or FIRC issued by an AD bank under Rule 89(2)(c). See what FIRA means.

Rules and rails are linked to official sources below with the dates they were checked. Platform figures come from each platform's own pages, checked on 30 Sept 2026 or later, and RBI authorisation was checked against RBI's published list. Rates are XE live mid-market rates, dated 3 Nov 2026. The method is on the methodology page.

1. Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 (FEMA 23(R)/2026-RB), Regulation 3(2) EDF for services within 30 days from end of invoice month; Regulation 4(2) EDPMS closure on declaration up to ₹10 lakh; Regulation 5(1) nine months, proviso for INR invoicing or settlement (checked 8 Oct 2026)
2. A.P. (DIR Series) Circular No. 20 dated 16 January 2026, Supersedes the Master Direction on Export of Goods and Services and the SOFTEX circulars from 1 October 2026 (checked 8 Oct 2026)
3. Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023, Regulation 3(2)(I)(a)(iii): countries other than ACU members, in Indian Rupees or in any foreign currency, through an Authorised Bank or Authorised Person (checked 8 Oct 2026)
4. RBI Master Direction - Deposits and Accounts (updated 2 September 2026), Para 3.1 EEFC account: credits of 100 percent of foreign exchange earnings; permitted debits; rupee withdrawals not re-credited; non-interest bearing; monthly accruals converted by end of next month after approved uses or forward commitments; no credit facilities (checked 8 Oct 2026)
5. RBI Master Direction - Risk Management and Inter-Bank Dealings (updated 1 October 2026), Para 2.4(i) notional and tenor not to exceed exposure; 2.4(ii) free cancellation and rebooking; para 3.2(ii) exchange-traded pairs USD-INR, EUR-INR, GBP-INR, JPY-INR, EUR-USD, GBP-USD, USD-JPY (checked 8 Oct 2026)
6. RBI Master Direction on Regulation of Payment Aggregators, PA-CB maximum value per inward or outward transaction ₹25 lakh; settlement terms set in the PA and merchant agreement (checked 8 Oct 2026)
7. RBI A.P. (DIR Series) Circular No. 84 (2012), FETERS purpose codes for receipts, P0802 Software consultancy/implementation (other than those covered in SOFTEX form); P1006 Business and management consultancy and public relations services (checked 8 Oct 2026)
8. CGST Rules, Rule 89, Rule 89(2)(c): refund for export of services supported by BRC or FIRC (checked 8 Oct 2026)
9. IGST Act, 2017, Section 16, Section 16(1)(a) export of services is a zero rated supply; 16(3) supply under bond or LUT without payment of integrated tax (checked 8 Oct 2026)
10. CGST Rules, Rule 96A, Rule 96A(1): bond or Letter of Undertaking in FORM GST RFD-11 furnished prior to export (checked 8 Oct 2026)
11. Payments Canada: High-value payment system - Lynx, Lynx is Canada's high-value RTGS wire system in Canadian dollars; payments are irrevocable with real-time settlement finality (checked 8 Oct 2026)
12. Payments Canada: Retail batch payment system, ACSS clears direct deposits and online payments; settlement of the previous day's net balances occurs during the morning of each business day (checked 8 Oct 2026)
13. Payments Canada: Real-Time Rail payment system, The Real-Time Rail, launching in Q4 of 2026, is Canada's new real-time payment system (checked 8 Oct 2026)
14. Payments Canada consumer guide: Wire payment, Recipient information: name, address, account number, branch address, 3-digit institution number and 5-digit branch transit number, SWIFT BIC, amount, value date, who pays fees; Canadian institutions can send international wires (checked 8 Oct 2026)
15. Payments Canada consumer guide: Direct deposit, Errors in direct deposit can be corrected up to three days after funds are available; refusal of error correction within 90 days under section 35 of Rule F1 (checked 8 Oct 2026)
16. Interac e-Transfer, Sender and recipient each need an account with a participating bank or credit union (checked 8 Oct 2026)
17. FINTRAC: Reporting electronic funds transfers, Electronic Funds Transfer Report when initiating an international EFT of $10,000 or more in a single transaction; amounts in Canadian dollars (checked 8 Oct 2026)
18. Bank of Canada: Daily exchange rates, Indicative rates only, averages of aggregated quotes from financial institutions, published once each business day by 16:30 ET; table includes the Indian rupee expressed in Canadian dollars (checked 8 Oct 2026)
19. Skydo homepage (pricing and fee calculator), Know what you pay; calculator showing GST 18% of transaction fee (checked 6 Oct 2026)
20. Razorpay MoneySaver Export Account (International Bank Transfers) pricing, Standard Plan: 0% FX markup, 1% fee, FlashLinks 2%, GST applicable, flat fee of INR 1,000 on transactions below INR 1,00,000, setup and AMC INR 0 (checked 6 Oct 2026)
21. Stripe India pricing, International cards with USD/other currency presentment 4.3% + 2% if currency conversion is required; Mastercard and Visa cards issued outside India 3% + 2%; American Express outside India 3.5% + 2%; dispute received INR 1,000.00 (checked 7 Oct 2026)
22. HDFC Bank: Remittance Services Fees & Charges, Inward Remittance Charge: No Charge; FIRC Charge for Inward Remittance & FCY Cheque Collection INR 200 per FIRC; GST slabs on amount of currency exchanged (checked 6 Oct 2026)
23. Kotak Everyday Savings Account fees and charges, Foreign Inward Remittance certificate (Branch Request) INR 100/Request; GST on Foreign Currency Conversion; fees exclusive of GST (checked 6 Oct 2026)
24. PayPal India Merchant Fees, Receiving international transactions; Currency Conversions (3.0% converting balance and payments received; 4.00% all other cases); Withdrawals Out of PayPal; Dispute Fees; Other Fees (Last Updated 28 March 2024) (checked 6 Oct 2026)
25. Wise India: Fees for receiving money (Business), Conversion fee depends on the currency; eFIRC for every transfer; GST 18% of (conversion fee + eFIRC fee); calculator (checked 6 Oct 2026)
26. Airwallex Help: Eligible Countries and Territories, INDIA IN - AWX Legal Entity SINGAPORE (checked 7 Oct 2026)