FSW 2013 Applicants Timeline- Lets Network Here.

[rupesh nayak]

Thanks lids, rakesh and shwcan

 

[Vats]

its per person but I dont advise to bring more cash with you. instead that you bring DD or travel's cheque or any other convinent form
you can open bank account in scotia bank via kotak mahindra and deposite your money in that.

Dear All,

I need a help with the funds that I would be carrying while travelling to Canada. I knos it is max 10,000 CAD $ (Is this aount restricted to per person, or per family, because as per this URL http://www.cic.gc.ca/english/immigrate/skilled/funds.asp for a family of 4, the POF should be shown as $20,654. I am a bit confused with this ???

 

[applee]

hiiii friends..... feeling sooo happy to hear that my dd has been encashed on 21st of this month...... jus now got call from the bank official...... thank god.... nd special thanks to my forum mates for your support and advice......thank you alll.....

 

[perseverence]

As mentioned in the link.........

"Bring as much money as you can to make moving and finding a home in Canada easier. Note, however, that Canadian customs regulations require you to declare if you are bringing more than C$10,000 into Canada. If you do not tell them, you may be fined or put in prison. These funds could be in the form of:

1. cash
2. documents that show property or capital payable to you (such as stocks, bonds, debentures, treasury bills, etc.) or
3. documents that guarantee payment of a set amount of money, which are payable to you (such as bankers' drafts, cheques, travellers' cheques
or money orders)"

As of my opinion you just need to show the source of the money.. no matter how much you carry.

OR i have a question

## can we open a bank account in Canada from India (kotak Mahindra bank allows us to open a bank account in any Scotia Bank branches of Canada). And show the bank statement of Scotia Bank......

I can answer the later part of your comment. I spoke to the Scotia Bank rep in Mumbai. There is a lady assigned for such cases where the applicant has got PR visa and wants to open an account in Canada. Yes, it is possible. The bank has several branches (in Delhi, etc) and if you call them up she can give you information on how to do this.

Excerpts from call with the bank:
1. Yes, a canadian account can be opened from India.
2. They need PR stamped passport in original - so it can only be done on receiving COPR/Stamped PP.
3. One (and yes only one) wire transfer is allowed to the account that you opened (account will be in a physical branch at Canada - city of your choice - like Toronto).
4. You can pay by check in INR and the amount will get converted in CAD as per the conversion rate of the bank.
5. Rich guys, hold on ... there is an upper limit to this SINGLE transfer of funds - only upto CAD 50,000 allowed.
6. The account can be opened in the name of principal applicant only (this she said but I am doubful).
7. If paying by check (or cheque - as spelled in India), you need to use YOUR OWN bank account.

Hope this helps,.

 

[Vedh]

its per person but I dont advise to bring more cash with you. instead that you bring DD or travel's cheque or any other convinent form
you can open bank account in scotia bank via kotak mahindra and deposite your money in that.

Does this mean " I can carry, more than 10000 CAD $$$$ (say 15000 CAD $$), and fill up the requried form specifying the sources for the excess amont, would I still need to carry POF for $20,654 -15000$.

 

[mknavin]

I can answer the later part of your comment. I spoke to the Scotia Bank rep in Mumbai. There is a lady assigned for such cases where the applicant has got PR visa and wants to open an account in Canada. Yes, it is possible. The bank has several branches (in Delhi, etc) and if you call them up she can give you information on how to do this.

Excerpts from call with the bank:
1. Yes, a canadian account can be opened from India.
2. They need PR stamped passport in original - so it can only be done on receiving COPR/Stamped PP.
3. One (and yes only one) wire transfer is allowed to the account that you opened (account will be in a physical branch at Canada - city of your choice - like Toronto).
4. You can pay by check in INR and the amount will get converted in CAD as per the conversion rate of the bank.
5. Rich guys, hold on ... there is an upper limit to this SINGLE transfer of funds - only upto CAD 50,000 allowed.
6. The account can be opened in the name of principal applicant only (this she said but I am doubful).
7. If paying by check (or cheque - as spelled in India), you need to use YOUR OWN bank account.

Hope this helps,.

Thank you perseverence. That really helps

 

[rakeshtk]

Thanks lids, rakesh and shwcan

Buddy, send you a PM... Please check....

 

[rupesh nayak]

Buddy, send you a PM... Please check....

Replied

Please check it

 

[devkis]

hiiii friends..... feeling sooo happy to hear that my dd has been encashed on 21st of this month...... jus now got call from the bank official...... thank god.... nd special thanks to my forum mates for your support and advice......thank you alll.....

Congrats aplee!

Updated!

 

[Vats]

Does this mean " I can carry, more than 10000 CAD $$$$ (say 15000 CAD $$), and fill up the requried form specifying the sources for the excess amont, would I still need to carry POF for $20,654 -15000$.

yes but RBI guideline if perhead more than 5000USD than need to show source

 

[ILoveAB]

+1 for the words of wisdom.

+1 from me too. It's very disheartening when you hear stories of people being screwed up by these consultants. They forget that they have expended so much to put everything together. thanks mate

 

[gwynemalazarte]

Hi,

Just want to update,

MR and RPRF received today..

Please update.

Thanks

 

[rakeshtk]

Hi,

Just want to update,

MR and RPRF received today..

Please update.

Thanks

Congrats dear....

 

[raghav563]

No DM today as well..... 75 days over successfully since I sent the PP, PCC, RPRF. Don't know what is happening ..

 

[gwynemalazarte]

Congrats dear....

thanks rakeshtk..