Great question! Transferring money to Canada for your child’s education is a common concern for many parents. Here’s a detailed guide on how it works and what you need to know:

1. Bank Wire Transfer (Most Common)

- Process: Parents can transfer funds directly from their Indian bank account to the student’s Canadian bank account using international wire transfer (SWIFT).
- Requirements:
- Student’s Canadian bank account details (account number, SWIFT/BIC code, bank address)
- Purpose of remittance (education/maintenance)
- KYC documents (passport, admission letter, visa copy, etc.)
- Time: Usually 1–3 working days
- Limit: Under RBI’s Liberalised Remittance Scheme (LRS), up to USD 250,000 per financial year per individual can be sent abroad for education and maintenance.
- Popular Indian Banks: SBI, HDFC, ICICI, Axis, Kotak, etc.

2. Forex Services (Specialized Remittance Services)

- Forex Companies: Thomas Cook, Western Union, BookMyForex, Remitout, etc.
- Features: Competitive exchange rates, lower transfer fees, and online convenience.
- How: You can book a transfer online or visit their branch with required documents.

3. Demand Draft (Not very common now)

- Parents can get a demand draft (banker’s cheque) in CAD in India and courier it to the student, who can deposit it in their Canadian account. This is slower and less popular nowadays.

4. International Debit Cards / Forex Cards

- Parents can load a forex card in India in CAD, which the student can use for withdrawals and payments in Canada.
- Useful for initial expenses, but not ideal for large tuition/fee transfers.

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What Documents Are Needed?

- Student’s admission offer letter from the Canadian institution
- Passport copy
- Canadian student visa copy
- Bank account details in Canada (for wire transfer)
- Purpose code (for education: P0107)
- PAN card (India)

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Tips for Parents:

- Open a Canadian bank account (like Scotiabank, RBC, CIBC, etc.) as soon as your child arrives or even before arrival (some banks offer this for international students).
- Compare exchange rates and charges before transferring.
- Keep all receipts for proof of funds for visa and future reference.

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Need Help?

Pollster Education can guide you and your family through the entire process, including:
- Advising on the best way to transfer funds
- Preparing required documents
- Connecting you with reliable remittance partners

Feel free to contact us at:
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