Can we can send more than 10000 dollars for a gic account
Hi,
Please read the instructions carefully. You will need to transfer $10,200 if you have opened your account with Scotia and $10,175 with ICICI. Additionally you will have to bear all the transaction charges and make sure you say this to your bank. I would suggest you to transfer exactly what has been asked nothing more, nothing less to avoid rejection. Also, before doing the wire, check your place of study if which banks are available nearby otherwise you will have trouble opening the bank account since you will have to make an appointment and ICICI is not present everywhere.
Make sure you transfer money from your own bank account, the name and address should match as per your passport.
You should carry some cash with you separately rather than putting some extra cash in GIC which gets locked. First month you will get 2000 and then the rest are equally distributed.
I don’t know which city you are from but there are many online forex exchange which gives better rates. I went for orient exchange and they will guide you.
I hope I have clarified your doubts.