>>>>GIC DETAILS CHANGED<<<<

[sirneeva]

Hello everyone, I have open account in scotia bank using the bank details of bank of maharashtra, now i am facing some problems in transfering 10100 $ from that bank because they are asking about my pan card, which can take upto one month to come to me if I apply today. So I decided to transfer my amount from ICICI bank. I talked with Scotiabank Student GIC Customer Service toll-free phone number, they told me that you have to email us the details of the icici bank. it will take 5 business days to update your account details. Will it create any problem in future?? :-\

 

[meagan99]

only transfer the amount after they update the details of your new bank account.

if you send amount from the account which is not written on you application, then entire amount will be remitted back to india and will not be accepted.

 

[parul154]

only transfer the amount after they update the details of your new bank account.

if you send amount from the account which is not written on you application, then entire amount will be remitted back to india and will not be accepted.

I am done with my wire transfer for GIC via ICICI bank.
Now I have got a receipt from ICICI bank about the details of transfer.
Do I need to mail it to Nova scotia bank , as a proof or what?

 

[lovedeepsingh]

Hello everyone, I have open account in scotia bank using the bank details of bank of maharashtra, now i am facing some problems in transfering 10100 $ from that bank because they are asking about my pan card, which can take upto one month to come to me if I apply today. So I decided to transfer my amount from ICICI bank. I talked with Scotiabank Student GIC Customer Service toll-free phone number, they told me that you have to email us the details of the icici bank. it will take 5 business days to update your account details. Will it create any problem in future?? :-\

What do you mean by saying that i used a bank account to open the account in nova scotia bank?
You can send the money from any account.

 

[meagan99]

What do you mean by saying that i used a bank account to open the account in nova scotia bank?
You can send the money from any account.

??? no, when we fill our application form to open account in nova scotia, we have write on application form the account from which money will be transferred. this is specifically mention in app. form

B. Indian Bank Information for Wire Payments (SWIFT/TT)
Please provide the details about the Indian bank from which you will be wiring money to open your Scotia
Investment Account and purchase your GIC. You may transfer funds from any bank in India where you hold an
account in your name. The bank account must be held in your name only (or, in the case of a minor a joint bank
account with parent(s)). If you request, and qualify for, a refund (see Section F) at a later date we will transfer the
appropriate funds only to the bank detailed below.

 

[lovedeepsingh]

??? no, when we fill our application form to open account in nova scotia, we have write on application form the account from which money will be transferred. this is specifically mention in app. form

B. Indian Bank Information for Wire Payments (SWIFT/TT)
Please provide the details about the Indian bank from which you will be wiring money to open your Scotia
Investment Account and purchase your GIC. You may transfer funds from any bank in India where you hold an
account in your name. The bank account must be held in your name only (or, in the case of a minor a joint bank
account with parent(s)). If you request, and qualify for, a refund (see Section F) at a later date we will transfer the
appropriate funds only to the bank detailed below.

I didnt mention any bank details.
Secondly i transferred money from my dad's account.

 

[meagan99]

I didnt mention any bank details.
Secondly i transferred money from my dad's account.

really?? did you do all by yourself or through agent?? if agent, then maybe he filled it for you.
if yourself, then I AM STUNNED.
dad's account?? whoa!! now i just cant move.

i don't have the ability to understand- how you did this. (maybe you were then required to send receipt to get money credited ) but in my case i didn't send them anything after wire transfer

 

[lovedeepsingh]

really?? did you do all by yourself or through agent?? if agent, then maybe he filled it for you.
if yourself, then I AM STUNNED.
dad's account?? whoa!! now i just cant move.

i don't have the ability to understand- how you did this. (maybe you were then required to send receipt to get money credited ) but in my case i didn't send them anything after wire transfer

I did it myself dude and yes i sent them a receipt.This is nothing my two colleagues sent it from western union guy as they were getting cheaper dollar rates.
ALL THEY NEED IS f 10,000$.

 

[meagan99]

I did it myself dude and yes i sent them a receipt.This is nothing my two colleagues sent it from western union guy as they were getting cheaper dollar rates.
ALL THEY NEED IS f 10,000$.

lol i never thought scotia bank will implement regulations so poorly :-[. in their PROGRAM GUIDE, they have written the following:

You will be required by the Canadian High Commission, India to remit $10,000 CAD to Scotiabank for your Scotia Investment Account plus $100 CAD to cover administrative fees, for a total of $10,100 CAD.
The funds must be wire transferred only from a bank in India where you hold your account (in your own name or jointly with your parent(s) otherwise the money will be returned. Funds will be accepted only if the name of the sender and beneficiary (recipient) is the same.

NOTE: Funds from other sources such as Money Exchange House, Money Transfer Services, and Third Party Services OR payments received from a third party (e.g. parents, relatives, friend, etc.) are not permitted. Intermediary banks usually charge a fee for wire transfers. Please advise your bank in India that Scotiabank must receive $10,100 in full and any charges/ fees (e.g. wire transfers/SWIFT/TT) will be paid by you.

program guide link: http://www.scotiabank.com/ca/en/files/14/04/SSGP_Program_Guide_INDIA_May2014.pdf
it is written at the end of page no. 2 and in starting of page no. 3


still good for you that you got GIC without much hassle. ;D

 

[lovedeepsingh]

lol i never thought scotia bank will implement regulations so poorly. in their PROGRAM GUIDE, they have written the following:

You will be required by the Canadian High Commission, India to remit $10,000 CAD to Scotiabank for your Scotia Investment Account plus $100 CAD to cover administrative fees, for a total of $10,100 CAD.
The funds must be wire transferred only from a bank in India where you hold your account (in your own name or jointly with your parent(s) otherwise the money will be returned. Funds will be accepted only if the name of the sender and beneficiary (recipient) is the same.

NOTE: Funds from other sources such as Money Exchange House, Money Transfer Services, and Third Party Services OR payments received from a third party (e.g. parents, relatives, friend, etc.) are not permitted. Intermediary banks usually charge a fee for wire transfers. Please advise your bank in India that Scotiabank must receive $10,100 in full and any charges/ fees (e.g. wire transfers/SWIFT/TT) will be paid by you.

program guide link: http://www.scotiabank.com/ca/en/files/14/04/SSGP_Program_Guide_INDIA_May2014.pdf
it is written at the end of page no. 2 and in starting of page no. 3

I have read that buddy.

so the OP is cool as long as he have sent all the dollars.

 

[meagan99]

u have proved that

 

[priyanair]

Email them the new bank details of your ICICI account, along with your passbook or some proof, and call them on the number and remind them of the same.

 

[sirneeva]

Email them the new bank details of your ICICI account, along with your passbook or some proof, and call them on the number and remind them of the same.

hmmm doing the same, I have a talk with the scotia bank's officials , they told me to do so, so I am.

 

[sirneeva]

Yesterday again I have a talk with Scotia Bank's Officials , the person told me its not a problem if you want to transfer your funds from another bank, you don't need to provide us any details about this,he said only provide us information if you change your college or if there is any change in your passport no. but on 13 june when I called them, their official told me I have to send an email regarding bank details changed, and it will take 5 business days to update my account information.
What they are doing?
Someone is saying different thing and other is saying completely different.
Whom should I believe? :-\ :-X

 

[robininerjyot]

greetrings

i opened my GIC account in ICICI BANK CANADA . i was thinking that i will open my personal account in scotiabank when i reach canada . so it is possible that the monthly amount that i will get be recieved i scotiabank .