amis said:
I have learnt from the forum that ICICI bank statements will not be accepted as POF at POE.
Has anyone had any success with just the bank statements ?
I do not want to create a Canadian bank account because i am travelling to canada only for 10 days.
If I make a DD in my name in Canadian dollar the bank debits that amount from my account . my question is if we do not use that DD will that amount again be credited to my account?
Also since this DD is in Canadian dollars while crediting it to my account will the buying/selling rate be applicable because the selling rate is different from buying rate and I will have to bear a loss of 2 dollar per every dollar.
So If I convert all the $14000 in DD , then i will be at a huge loss when converting it to INR because of the exchange rates.
Is there any other alternative ?
What is the best option to use without incurring a loss by the exchange rates.
I am very confused . Seniors please help me.
I can sympathise as I'm facing the same dilemna myself...
Look the truth is, INR Bank statements might be acceptable as POF...See here and here->
http://www.canadavisa.com/canada-immigration-discussion-board/landing-in-canada-all-you-need-to-know-t36735.0.html;msg4281476#msg4281476
http://www.canadavisa.com/canada-immigration-discussion-board/fsw-2014-applicants-timeline-lets-network-here-t276642.0.html;msg4333010#msg4333010
But the truth is, it's risky and most senior members advise against it...Not to mention CIIP, settlement orgs like Costi and most ppl I have asked have said that INR bank statements would be unacceptable...If by chance the POF is not accepted by the Officer at the Port of Entry, ur jeopardising ur landing for such a trivial issue...
So, unless someone posts an official source/ some senior member of this forum comes up confirming this with his/her landing experience, it's best not to take these risks...Be ready to absorb the exchange rate loss....Take the money in CAD with some amount as cash, some amount as Travel Card/ Travelers' Cheque and choose a good forex provider that gives u the best rates...That's all we can do...good luck!!!
(Also after u come back, u have upto 6 months to remit the unspent forex back to INR, so u can wait till the Exchange rate goes favorable)