Bank of Montreal
Bank of Montreal (TSX: BMO) is trading at CA$240.69, about ₹16,282 at today's CAD/INR rate, as of 29 Sep 2026, 4:00 PM ET, down 0.81% today. Indian residents can buy Bank of Montreal from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$239.59
Today's high
CA$242.57
52 week low
CA$168.92
52 week high
CA$259.20
BMO opened at CA$242.00, closed previously at CA$242.66, and has traded between CA$168.92 and CA$259.20 over the past 52 weeks.
About
Bank of Montreal engages in the provision of diversified financial services primarily in North America. The company operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. It’s personal banking products and services include deposits, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products. It also offers investing, banking, and wealth management advisory; digital investing services; financial solutions for individuals, families, and businesses; offers investment management services to institutional, retail, and high net worth investors; and diversified insurance, and wealth and pension de-risking solutions. In addition, the company provides individual life, critical illness and annuity products, as well as segregated funds, and group creditor and travel insurance to customers; debt and equity capital-raising, loan origination and syndication, balance sheet management, treasury management, mergers and acquisitions advice, restructurings and recapitalizations, trade finance, and risk mitigation services, as well as a range of banking and other operating services. Further, the company offers research and access to financial markets for institutional, corporate and retail clients through an integrated suite of sales and trading solutions related to debt, foreign exchange, interest rates, credit, equities, securitization, and commodities; provides new product development and origination services, as well as risk management and advisory services for hedging strategies, including in interest rates, foreign exchange rates and commodities prices; and funding and liquidity management services. Bank of Montreal was founded in 1817 and is headquartered in Montreal, Canada.
Key statistics
Avg. volume
2.02M
Market cap
CA$168.58B
P/E Ratio
19.57
Price-to-sales ratio
2.16
Enterprise value
CA$470.65B
Free cash flow yield
6.77%
Debt-to-equity ratio
1.93
Return on equity
9.89%
ROIC
1.45%
Beta
1.13
Dividend yield
2.78%
Last dividend
CA$6.68
Financial overview
Revenue
CA$78.15B
Earnings per share
CA$11.46
Free cash flow
CA$8.51B
Net profit margin
11.75%
Gross margin
45.57%
EBITDA
CA$12.39B
Revenue growth
-0.52%
Similar securities
This is not an investment recommendation
How to buy Bank of Montreal from India
Indian residents can buy Bank of Montreal shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to CAD.
Search for Bank of Montreal and place an order
Find Bank of Montreal by name or by its ticker, BMO, and choose an order type. Bank of Montreal trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Bank of Montreal position in CAD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Bank of Montreal from India
Trading and taxes when buying Bank of Montreal from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Bank of Montreal’s current yield is 2.78%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Bank of Montreal stock?
Yes. Bank of Montreal (BMO) has been listed on the Toronto Stock Exchange since 1995, in the Banks - Diversified industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to CAD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Bank of Montreal share cost in rupees?
One Bank of Montreal share is CA$240.69 — about ₹16,282 at a CAD/INR rate of 67.65 on 29 Sep 2026. Both the Bank of Montreal price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Bank of Montreal from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
How are gains on Bank of Montreal shares taxed in India?
Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the CAD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Bank of Montreal price. Paasa issues a capital-gains statement for your return.
Does Bank of Montreal pay a dividend, and how is it taxed in India?
Yes. Bank of Montreal pays a dividend and the current yield is 2.78%; the last declared dividend was CA$6.68 per share, about ₹451.89. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Bank of Montreal from India?
The Toronto Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when Canada is on standard time. Orders can only execute during that window.
Do I have to declare Bank of Montreal shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Bank of Montreal holding, its cost and its closing value.
How do I sell Bank of Montreal and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in CAD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.
Does the rupee rate affect what I make on Bank of Montreal?
Yes. Bank of Montreal is priced in CAD, so your rupee outcome combines the CAD move with the CAD/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.