GIC Wire Transfer From Vijaya Bank

[AsimNexus]

Hello Guys,

So I applied for a GIC Account today with ScotiaBank and I received the account number and other details. But I wanted to know how much exactly INR do I need as the Currency Exchange rate fluctuates everyday? And also how do I wire transfer money with Vijaya Bank? Did anybody do GIC Wire Transfer with Vijaya Bank here? If yes then can you please help me?

Thanking you in anticipation and awaiting for your reply!

Regards!

 

[Akshay778]

Recently did the gic.. you will need to mention the amount as $10200 and as per the rate ull need around 5 lakhs 8 thousand depends on the rate on the day u pay your GIC. No idea about vijaya bank.. should be the same like the other banks. Get a outward remittance wire transfer fill in the form with pan card copy and check with the bank name

 

[AsimNexus]

Recently did the gic.. you will need to mention the amount as $10200 and as per the rate ull need around 5 lakhs 8 thousand depends on the rate on the day u pay your GIC. No idea about vijaya bank.. should be the same like the other banks. Get a outward remittance wire transfer fill in the form with pan card copy and check with the bank name

Can you please tell me what additional documents I will need to bring with me to the bank? And how much time did it take you to complete the whole GIC process? Thanks brother

 

[Akshay778]

Ull need your pan card with you that's it and a blank check which u will fill and pay to the bank with the amount as per the rate of exchange. The swift transfer takes 3-4 days once the bank - Scotia gets the payment they will give the investment receipt

 

[Akshay778]

And don't forget to write the ac number which is sent by either Scotia or icici along with other details in the mail sent

 

[AsimNexus]

Ull need your pan card with you that's it and a blank check which u will fill and pay to the bank with the amount as per the rate of exchange. The swift transfer takes 3-4 days once the bank - Scotia gets the payment they will give the investment receipt

Ok thanks bro. One more thing, i'm confused with the Bank address. There's two of them. Which one should I mention in the form? And should I ask for a "Outward Remittance Form" in the bank?

 

[Akshay778]

Yes ask for a outward remittance wire transfer- the bank details would be the beneficiary bank details

 

[AsimNexus]

Yes ask for a outward remittance wire transfer- the bank details would be the beneficiary bank details

You mean this one right? Below the "Send Instructions To:" details?

Beneficiary Bank Information (Field 57)
THE BANK OF NOVA SCOTIA
BNS 35972 SSG Transaction Processing
4715 Tahoe Blvd
Mississauga, Ontario, L4W 0B4
SWIFT Code: NOSCCATTCOL

This one right?

 

[Akshay778]

Yes correct this one

 

[AsimNexus]

Yes correct this one

Thanks a lot bro. I hope this information you provided will help others as well. Goodbye

 

[Prajwal suresh 97]

Hello Guys,

So I applied for a GIC Account today with ScotiaBank and I received the account number and other details. But I wanted to know how much exactly INR do I need as the Currency Exchange rate fluctuates everyday? And also how do I wire transfer money with Vijaya Bank? Did anybody do GIC Wire Transfer with Vijaya Bank here? If yes then can you please help me?

Thanking you in anticipation and awaiting for your reply!

Regards!

Hey ,I'm prajwal I have also done Gic transfer using vijaya bank. I would like to know how long will it take for the funds to reach them.

 

[AsimNexus]

Hey ,I'm prajwal I have also done Gic transfer using vijaya bank. I would like to know how long will it take for the funds to reach them.

As it was too long ago, I don’t remember the exact timeline but I guess it took 1-2 weeks. Count only the working days though, not the weekend days.