I need insights and suggestions on how to transfer money. As in how to transfer the funds shown as POF, my funds are in…
CanadaPermanent Resident1I need insights and suggestions on how to transfer money. As in how to transfer the funds shown as POF, my funds are in State Bank of India. I did think of opening a NRO/NRE account and also thought of wire transfer. What have you guys done or thought of doing ? All possible experiences/ suggestions are welcomed. If anyone who’s already landed in Canada, your insight would help a lot. Thank you in advance!
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Moving your proof-of-funds money from India to Canada: DD, forex firms, and bank realities
7 Answers
Dilveerr Singh Sahni I went to SBI Main branch, NRI division Chandigarh to reconfirm on DD after reading your comment. A week ago he denied that we dont issue DD. Today when I told him that Delhi SBI is issuing it why are you denying? He replied we don… See more
Prabhjyot Singh Sandhu I will get it from Thomas Cook next week as I will be traveling on 5th May. As suggested by people in this group, the process will be seamless as Thomas Cook has ties with Bank of America. Rest will share on next week..
Navneet Kaur thank you.. i have few doubts, being my first time, so if u don't mind can I ask it...i am going on 12th May so for For DD do we need to open account in Canada beforehand ?
Prabhjyot Singh Sandhu what route are your traveling? Even i am traveling on 12 may, mumbai to toronto
Prabhjyot Singh Sandhu No. Not required. You can shop around there and open an account.
Any idea on using WISE app to transfer funds after landing ?
Navneet Kaurok thanks .. do let me know about it next week