Gic of 10200 dollars only

[Jashanjot]

Hi,
I have deposited 10200 dollars exactly in nav scotia bank afterwards my friend told me you have to deposit more than 10200 dollars beacuse sometimes transactions deduct the amount and all funds get rejected...does this true...help me

 

[Navprateek]

You are good, the requirement is only $10,000 the deductions are covered by the $200.00 you have paid.

 

[AsimNexus]

When I filed my GIC with Vijaya Bank, I mentioned 10,200 CAD in the A2 Form. I told the Manager that extra charges should be deducted from my Bank account. And it happened exactly. I filed my GIC on 15th and got it on 22nd itself.

 

[Jashanjot]

Bro I didn't told anything to my manager...and he also do not told anything to me that bank reducts the amount...but if amount will less than 10200 dollars will my funds get rejected

 

[AsimNexus]

Bro I didn't told anything to my manager...and he also do not told anything to me that bank reducts the amount...but if amount will less than 10200 dollars will my funds get rejected

Yes, if the amount is less than $10,200 CAD then Scotia Bank will reject it and send it back to your account in India. But if you specifically mentioned in the A2 Form that you wanted to send 10,200$, then no need to worry. Bank will take care of that.

 

[Jashanjot]

Bro, if bank reject the funds does it deducts its charges and how much time it took funds to back into account ?

 

[AsimNexus]

Bro, if bank reject the funds does it deducts its charges and how much time it took funds to back into account ?

I don't know much about rejection and refund time because I have not seen it happening with anyone here or among my friends.

When did you send the amount for GIC?

 

[Jashanjot]

I send my gic 2 days back and in my A2 form there is written that I purchased 10200 dollars

 

[AsimNexus]

I send my gic 2 days back and in my A2 form there is written that I purchased 10200 dollars

Then no need to worry. You must get your GIC within 1 week or so.

 

[Jashanjot]

Thanks bro and hope so