I have transferred money on 13th june. The money got deducted on 18th june. I haven't received my GIC certificate yet. When I talked with Scotiabank they are telling they havent received the money. So what should I do?
GIC Certificate not issued yet.
- Thread starter Parixitnarshana
- Start date
Not yet.
When ai contacted with my financial institution(ICICI bank) theybare telling money got delivered from their end.
Have you asked your ICICI bank about it? It was almost 10 days after your money got deducted.
Yes I asked. They told they can not trace it back. They told money got transferred from theor end. Its been total 6 days(4 business days) after money g9t deducted.
But they should help you to get back the money I guess. Because if the money didn't reached your GIC account than the local bank of yours have the responsibility to get back the money. I recomend you to get back to them ask about it because in this forum you may not get a proper answer for your current scenario.
Scotia bank is telling me to wait for 2 more days. Should I wait?? Or I should ask bank to get my money back.
If Scotia bank is insisting you to do something than you can do as they were saying because they might have been in this situation before.
If your money was returned back to India than I would like to recommend you to opt for CIBC bank for your GIC.
CIBC bank gives a smother experience for GIC from India.
Let me say about my process with CIBC. If the money was not transvered to Scotia bank yet than you can opt for CIBC bank for your GIC within 2 days.
I took my GIC last week through CIBC and it was a very smooth process.
1. CIBC is one of the best Canadian banks to get GIC from India.
2. Need to pay less as compared to scotia bank i.e. if u pay in CAD 150 extra
3. U will get extra 25$ if u enter "y.arun2001@gmail.com" in the referral box.
Process:
1. Go to isbo.cibc.com
2. Select ur country.
3. Select payment currency will recommend INR for Indians. Because u not need to pay extra 150$.
4. Then enter ur details in next page and upload ur offer letter "here u need to select referral program and enter my email y.arun2001@gmail.com and u will get $25 extra with $2000 upon account activation in Canada".
5. Within 2 days u will get details in which u will pay GIC.
6. Details will be of 4 pages, each and every step will be mentioned there. (as I selected INR, that's why on details there was mentioned the amount, beneficiary account standard charter bank Mumbai in my case)
7. Bring details pages to the bank and pay it by the instructions given to you to the mentioned account.
8. There will be A2 form with details which would be attached in the instruction mail which you have got which u need to fill up by yourself through the receipt of your bank transaction and some personal information like your PAN Number onto it and mail it to the mentioned email address as per the given instructions by CIBC.
9. Within 2 days u will get the email of your GIC conformation. (Note: it would take 6 working days and 2 weekends if you opt of Scotia bank and you need to pay some excess charges but CIBC does not get such charges and CIBC is a good choice.
Feel free to ask me any of your doubts.
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How many total days it will take from openimg GIC account to trandfer money to issuing of certificate.
After creating account and transferring money, it took 2 days for me. I got my GIC approved on the 2nd day night and I applied on the next day morning.
Thank you so much for your help.
I takked with scotia bank. They just received the money.
By end of friday I will receive the GIC comfirmation. Once again thanks.