Sending Money to Canara Bank in India
How to send USD directly to Canara Bank accounts in India. Transfer times, IFSC codes, limits, and how Root delivers INR to any Canara Bank branch.
This guide is for Non-Resident Indians (NRIs) in the United States sending USD to family or recipients in India with accounts at Canara Bank. Root makes it easy to send money from the USA directly to any Canara Bank branch, delivering INR at the best available exchange rate with zero fees. We’ll walk you through transfer times, requirements like IFSC codes, tax implications, and how to ensure your money reaches safely and efficiently.
Canara Bank is a leading public sector bank in India, established in 1906, with a strong presence across South India and over 6,000 branches nationwide. It offers NRI-focused accounts such as NRO and NRE, though Root currently supports transfers to NRO, savings, and current accounts at Canara Bank. NRE account support is coming soon.
Quick Facts
Transfer Fee
$0 — Root charges zero fees
Exchange Rate
CHECK_LIVE (interbank rate)
Transfer Time
1-4 business days to Canara Bank
Account Types
NRO, Savings, Current accounts at Canara Bank
IFSC Required
Yes — 11-character code for recipient's branch
How to Send — Step by Step
Sign up with Root
Download the Root app or visit the website and complete a quick verification using your U.S. ID and address.
Start a new transfer
Enter the amount in USD you'd like to send from the U.S. to a Canara Bank account in India.
Add recipient’s Canara Bank details
Enter the recipient’s full name, Canara Bank account number, and 11-character IFSC code.
Pro tip: Double-check the IFSC code—errors can delay your transfer by 1–2 business days.
Confirm IFSC code
Verify the IFSC code using Root’s built-in lookup tool or by searching 'Canara Bank IFSC' online with the branch name and city.
Review exchange rate and fees
Root shows you the live interbank exchange rate and confirms $0 fees before you proceed.
Complete and track transfer
Confirm the transaction using your linked U.S. bank account or card. Track delivery status in real time—INR typically arrives in 1–4 business days to the Canara Bank account.
Send Money to Canara Bank with Root
Zero fees, interbank rate. INR credited directly to any Canara Bank account.
Send with RootFrequently Asked Questions
Does Root support transfers to all Canara Bank branches in India?
Yes, Root can send INR to over 6,300 Canara Bank branches across India, as long as you provide the correct 11-digit IFSC code for the specific branch.
How long does it take for money to reach a Canara Bank account?
Transfers typically take 1–4 business days to reflect in the recipient’s Canara Bank account, depending on banking processing times and compliance checks.
Is there a minimum or maximum amount I can send to Canara Bank via Root?
The minimum transfer is $5 USD. While Root allows large transfers, amounts exceeding ₹7,00,000 (~$8,400) in a financial year may attract 5% TCS under India’s LRS rules.
Do I need to provide my recipient’s PAN card details for large transfers to Canara Bank?
Yes, for transfers exceeding ₹50,000 INR in a single transaction, Canara Bank may require the recipient’s PAN for regulatory compliance under FEMA guidelines.
Can I send money to an NRE account at Canara Bank using Root?
Currently, Root supports NRO, savings, and current accounts at Canara Bank. NRE account support is under development and will be available soon.