ICICI should work just fine to transfer funds from India to Canada. Alternately, I know of many members who have opened Scotia Bank account and remitted to that account from their home countries.
There is Scotia Bank in Connaught Place, New Delhi. Do you know if they are into retail banking as I am under the impression that they are into corporate and investment banking only?
Cheers..
gautam0597 said:
ICICI should work just fine to transfer funds from India to Canada. Alternately, I know of many members who have opened Scotia Bank account and remitted to that account from their home countries.
Sir. I am not sure. But my guess is... There can't be retail operations of North American banks in India. However, they will permit u to open canadian bank account here for banking operations in America n Canada.
This is a rule of thumb for most American banks.
Sir. I am not sure. But my guess is... There can't be retail operations of North American banks in India. However, they will permit u to open canadian bank account here for banking operations in America n Canada.
This is a rule of thumb for most American banks.
Walk into a Scotia Bank at Mumbai / Delhi with your PP & COPR + photos. Fill out a form. Wait for a fortnight. Remit funds by wire transfer (max 50 000 CAD). Arrive in Canada. Walk into a branch of choice, and recieve your instruments to transact.
Also have an option of a no fee scotiabank visa - very handy!
Walk into a Scotia Bank at Mumbai / Delhi with your PP & COPR + photos. Fill out a form. Wait for a fortnight. Remit funds by wire transfer (max 50 000 CAD). Arrive in Canada. Walk into a branch of choice, and recieve your instruments to transact.
Also have an option of a no fee scotiabank visa - very handy!
In India, the central bank(RBI) does not permit funds to be transferred out of a PAYPAL account to an out of country bank account. Its an anti money laundering law.
So, do not even bother trying.
When I was in Canada for two years (2008-2010), I opened an account with TD Bank. This account is still active and I have a significant amount there in that account (I left it there with the intention of using it when I return with PR). Is there a legal way to transfer funds into that account once I have COPR and Visa in my hands. I currently have an account with Axis Bank in New Delhi?
When I was in Canada for two years (2008-2010), I opened an account with TD Bank. This account is still active and I have a significant amount there in that account (I left it there with the intention of using it when I return with PR). Is there a legal way to transfer funds into that account once I have COPR and Visa in my hands. I currently have an account with Axis Bank in New Delhi?
Once you have a PR, any funds that you route to Canada(your TD bank a/c works just fine) is perfectly legal. If the amount is in excess of $100K then intimating CRA/immigration authorities is a safe thing to do.
