chak said:
Hi, Friends
as stated by some friends that opening a account in scotia bank is simple and hassle free and can be used for depositing our indian rupees into CAD. Can somebody put some further light into the process :
1. Means if I need 25000 CAD for showing as proof of funds during landing in CANADA. what amount actually i need to deposit in scotia bank and what are the other charges bank will deduct from my deposited amount.
2. Is it cheaper transaction then purchasing a DD for 25000 CAD from ICICI bank.
3. Is it cheaper to purchase travelers chaque for 25000 CAD and then submit the same in canada bank after landing. because i heard that travellers chaque take commission on both ie during buying and selling/ depositing the TC at canada bank.
4. Suppose with scotia bank....the process is cheaper (means less deduction during rupee to CAD conversion) then what scotia bank will give to us as a proof of funds to show at airport during landing. because in scotia bank we are able to deposit / do the transaction from india only once.....means we can only deposit money in indian rupees once only......rest action can be done only we reach canada and make this account functional.
friends kindly suggest me a suitable way to carry my funds..lots of discussions are already on blog...saying take DD / TC/ some cash in CAD or USD....but no body has actually given some figures that which one process is more easier and decuct less indian rupee to CAD.
kindly help me out...
Regards
Chak
Friend for different options. you need to contact different vendors and take the quotations and compare.
Still i feel, that opening bank account in Delhi with scotia will becheaper option as compare to others.
Point no 4. Better contact on given number. and once again i m explaining, please treat that you are sitting in Canada and dealing with Canadian SCOTIA BANK. They will just accept your INR and convert the same to CAD here. The account openend will be desired State (In canada) Scotial bank.
YOU CAN GET CERTIFIED BANK STATEMENT FROM SCOTIA BANK AND SHOW THE SAME TO CANADIAN AUTHORITIES.
PLEASE CALL ON GIVEN NO. and ask them.
Hope this clarifies