Open Bank Account in Canada - From India (New Delhi)

[canada_dream100]

Guys, is it possible to open a bank account with Canadian bank, in India (New Delhi)?

One of my friend is planning to land in Canada, and for proof of funds, he wish to open bank account & carry bank statement instead of carrying cash or other financial instruments.

How can he open account with Canadian bank while he is in India?

Please advice....
thank you.

 

[canada_dream100]

http://www.scotiabank.com/cda/content/0,1608,CID12958_LIDen,00.html

If he opens an account with Scotibank, using above link; can he use bank statement while landing....

Actually, I open account in TD & use statement while landing...but I landed from USA... what about if someone land from India & use bank statement ?

 

[canada_dream100]

seniors... pls. comment..

 

[canada_dream100]

hmmmmm.... One last try... if I can get reply form seniors...

 

[vermas]

ICICI Bank has branches in Canada and your friend can open "Hello Canada Newcomers Account" http://www.icicibank.ca/faqs/newcomers.htm.

Cheers..

 

[vermas]

Yes. Its doable.

http://www.scotiabank.com/cda/content/0,1608,CID12958_LIDen,00.html

If he opens an account with Scotibank, using above link; can he use bank statement while landing....

Actually, I open account in TD & use statement while landing...but I landed from USA... what about if someone land from India & use bank statement ?

 

[mycan]

It is better to take DD & then open using DD in Canada itself.
You can save money & time.
This is based on my own case.
I have taken DDs & landing on 23rd March.
mycan

 

[canada_dream100]

Yes. Its doable.

thanks for replying....

 

[canada_dream100]

It is better to take DD & then open using DD in Canada itself.
You can save money & time.
This is based on my own case.
I have taken DDs & landing on 23rd March.
mycan

thanks for replying...

can you please share how it can save money....

what I was thinking that if account is opened in ScotiaBank then it's just depositing a check from savings account to ScotiaBank, and as per conversion rate CAD is t/f to new account.

But if someone opt for DD or any other instrument, one need to pay fees for that DD or financial instrument + one may get lower conversion rate....

can you please share your experience, and correct me if I have wrong assumption?

 

[mycan]

SBI is giving better conversion rate than Scotiabank. Atleast diff is Rs 0.8/-.

For CAD 40,000/- the DD charges are Rs 500/- + Rs.668 service charges = Rs.1168/-.

Scotia Bank Courier charges Rs.1250/- for docs + 1 month Wait time + diff in exchange rate

Hope I made it clear to some extent.

mycan

thanks for replying...

can you please share how it can save money....

what I was thinking that if account is opened in ScotiaBank then it's just depositing a check from savings account to ScotiaBank, and as per conversion rate CAD is t/f to new account.

But if someone opt for DD or any other instrument, one need to pay fees for that DD or financial instrument + one may get lower conversion rate....

can you please share your experience, and correct me if I have wrong assumption?

 

[seema.vashista]

Hi,

I have opened the account from New delhi branch at CP.
Just provide your PP with visa & your COPR.
they will forward your docs to Canada & you will get your account opened from here only.
then its your choice, if you want to give a cheque to put into your acc or you want to take DD & submit it in Canada.
its your wish.

Hope this will help

Guys, is it possible to open a bank account with Canadian bank, in India (New Delhi)?

One of my friend is planning to land in Canada, and for proof of funds, he wish to open bank account & carry bank statement instead of carrying cash or other financial instruments.

How can he open account with Canadian bank while he is in India?

Please advice....
thank you.

 

[canada_dream100]

SBI is giving better conversion rate than Scotiabank. Atleast diff is Rs 0.8/-.

For CAD 40,000/- the DD charges are Rs 500/- + Rs.668 service charges = Rs.1168/-.

Scotia Bank Courier charges Rs.1250/- for docs + 1 month Wait time + diff in exchange rate

Hope I made it clear to some extent.

mycan

thank you for insight info...
+1

 

[canada_dream100]

Hi,

I have opened the account from New delhi branch at CP.
Just provide your PP with visa & your COPR.
they will forward your docs to Canada & you will get your account opened from here only.
then its your choice, if you want to give a cheque to put into your acc or you want to take DD & submit it in Canada.
its your wish.

Hope this will help

it seems, SBI is better option...
thank you for sharing info...

 

[canada_dream100]

SBI is giving better conversion rate than Scotiabank. Atleast diff is Rs 0.8/-.

For CAD 40,000/- the DD charges are Rs 500/- + Rs.668 service charges = Rs.1168/-.

Scotia Bank Courier charges Rs.1250/- for docs + 1 month Wait time + diff in exchange rate

Hope I made it clear to some extent.

mycan

I hope u meant SBI gives more CAD compare to Scotia if same Rs. is paid.

or you meant SBI is giving better rate for CAD (getting more Rs. for CAD)?

 

[samm2]

what is the full address to open account in scotiabank in delhi?

is there any charges to open?

is it safe to transfer money after opening account from india?