How to move funds | COPR

[Rahul Saklani]

Hi There,

I am moving to Canada along with my Family in August-2018 from India.

I have some queries on funds.
1. Can I show funds in my current bank account (that is in India) and some cash along?
2. If not, how can i move the funds? What modes can i avail?
3. Will I have to show the funds proof on landing?

Any guidance is highly appreciated.
Thanks in Advance.

Best,
Rahul

 

[mr.preetsingh]

Hi There,

I am moving to Canada along with my Family in August-2018 from India.

I have some queries on funds.
1. Can I show funds in my current bank account (that is in India) and some cash along?
2. If not, how can i move the funds? What modes can i avail?
3. Will I have to show the funds proof on landing?

Any guidance is highly appreciated.
Thanks in Advance.

Best,
Rahul

1. You can however the best option is to travel with some cash CAD and Traveler's cheque.

 

[Rahul Saklani]

1. You can however the best option is to travel with some cash CAD and Traveler's cheque.

Thanks Mr. Preet Singh,
I will look for traveller's cheque.

Best,
Rahul

 

[lampbreaker]

No need to convert the entire settlement funds into travellers cheques. About $5000 should be sufficient. The rest can be kept in your Indian bank account and moved later. If you bring more than$10000 in cash or equivalent then it needs to be declared at customs.

 

[Rahul Saklani]

Thank you so much. This is helpful.

Best,
Rahul