What should be done for using FD amount in Indian bank, after landing in Canada?

[Primrose Pius]

I opened a FIxed deposit with Canara Bank, India for showcasing fund. It is getting matured this February and I fly to Canada (with PR) in April. How can I use this fund after landing in Canada; coz it is currently in my local bank. What all papers should I carry? What all can I do before flying from India to ensure that I am able to use these funds after landing?

 

[navinball]

Get a Cashiers cheque in your name with 9000 canadian dollars and deposit in a Canadian bank account you open here. Transfer the remaining amount through wire transfer.

 

[Primrose Pius]

Get a Cashiers cheque in your name with 9000 canadian dollars and deposit in a Canadian bank account you open here. Transfer the remaining amount through wire transfer.

Get a Cashiers cheque in your name with 9000 canadian dollars and deposit in a Canadian bank account you open here. Transfer the remaining amount through wire transfer.

Okay. On landing we need to be showing the FD paper to the immigration officer is what I could understand. Wouldn't that be submitted to the bank already when you retrieve it after maturity? Confused there.

 

[navinball]

Okay. On landing we need to be showing the FD paper to the immigration officer is what I could understand. Wouldn't that be submitted to the bank already when you retrieve it after maturity? Confused there.

No you don't have to show fd to the landing officer. They will just ask how much money you are bringing to canada. You can tell them you liquidated your fd if they ask for any fd documents. They usually never do.

 

[Primrose Pius]

Great. Thanks. This was helpful!

 

[mapleleaf987]

Get a Cashiers cheque in your name with 9000 canadian dollars and deposit in a Canadian bank account you open here. Transfer the remaining amount through wire transfer.

can you tell me more on how a wire transfer works? say between HDFC in India and TD in Canada

 

[navinball]

you need to register the TD bank account as receiver in your HDFC online portal using the swift code, account number and routing number. then you can send funds.