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

C

canada_dream100

Hero Member
Jul 30, 2010
768
25
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.
 
vermas

vermas

Champion Member
Jan 12, 2010
1,868
419
NOC Code......
NA
App. Filed.......
eAPR/AOR 13-08-2018
ICICI Bank has branches in Canada and your friend can open "Hello Canada Newcomers Account" http://www.icicibank.ca/faqs/newcomers.htm.

Cheers..
 
M

mycan

Hero Member
Sep 1, 2011
675
54
Brampton
Job Offer........
Pre-Assessed..
LANDED..........
Yes
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
 
C

canada_dream100

Hero Member
Jul 30, 2010
768
25
mycan said:
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
Click to expand...
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?
 
M

mycan

Hero Member
Sep 1, 2011
675
54
Brampton
Job Offer........
Pre-Assessed..
LANDED..........
Yes
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

canada_dream100 said:
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?
Click to expand...
 
S

seema.vashista

Hero Member
May 13, 2011
243
3
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
canada_dream100 said:
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.
Click to expand...
 
C

canada_dream100

Hero Member
Jul 30, 2010
768
25
mycan said:
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
Click to expand...

thank you for insight info...
+1
 
C

canada_dream100

Hero Member
Jul 30, 2010
768
25
seema.vashista said:
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
Click to expand...
it seems, SBI is better option...
thank you for sharing info...
 
C

canada_dream100

Hero Member
Jul 30, 2010
768
25
mycan said:
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
Click to expand...
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)?
 
S

samm2

Star Member
Oct 23, 2013
113
0
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?
 
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