Compare Royal Bank of Canada INR to CAD Exchange Rate Deals

Receiving an international wire transfer at RBC

RBC uses different bank codes depending on the currency and location of the sending bank. Here are some of the most common bank codes used for receiving foreign wire transfers:

SWIFT Code: ROYCCAT2: This code is used for receiving wire transfers in Canadian dollars (CAD) from foreign banks.
Transit Number and Institution Number: These codes are used for receiving wire transfers in Canadian dollars (CAD) from banks located within Canada.
ABA Routing Number: 021001088: This code is used for receiving wire transfers in U.S. dollars (USD) from banks located within the United States.
CHIPS UID: 0163: This code is used for receiving wire transfers in U.S. dollars (USD) from foreign banks that are members of the Clearing House Interbank Payments System (CHIPS).
Fedwire ABA Routing Number: 026004093: This code is used for receiving wire transfers in U.S. dollars (USD) from banks located outside of the United States.

It's important to note that specific bank codes may vary depending on the currency and location of the sending bank, and it's recommended to confirm the correct codes with RBC before initiating a wire transfer. Additionally, RBC may charge fees for receiving wire transfers, so it's important to check the current fees and policies before initiating a transaction.

RBC credit card FX fees

RBC offers several credit cards with different foreign transaction fees. Here are some examples:

RBC Avion Visa Infinite Card: This card charges a foreign transaction fee of 2.5% of each transaction in Canadian dollars.
RBC Cash Back Preferred World Elite Mastercard: This card charges a foreign transaction fee of 2.5% of each transaction in Canadian dollars.
RBC Visa Platinum: This card charges a foreign transaction fee of 2.5% of each transaction in Canadian dollars.

It's important to note that credit card terms and conditions can change, so it's always a good idea to check the current fees and policies before applying for or using a credit card for foreign transactions.

If you wish to save on exchange rates and foreign ATM fees then you should consider the Wise multi-currency card.

What is the Royal Bank of Canada Send Money conversion rate for INR to CAD?

The Royal Bank of Canada INR to CAD exchange rate is 0.0148. This is -6.5% compared to the latest INR-CAD mid-market rate 0.015829.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Indian rupee (INR) to Canadian dollar (CAD) rates from different sources before making a conversion.

The above Royal Bank of Canada - Rupee to Loonie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Royal Bank of Canada and other foreign exchange providers against the latest INR-CAD mid-rate and the possible savings of using various providers.

How do Royal Bank of Canada INR-CAD rates compare between providers?

Looking at the full comparison table the best INR to CAD exchange rate is 0.0156 from Wise, -1.4% from the mid-market rate 0.015829. The next best rate is 0.0156 from WorldRemit, -1.4% from the mid-rate.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Royal Bank of Canada often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

Compare INR to CAD Transfer Rates