How to bring Money from India without visiting India

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ani70
Member since: Oct 03

Posts: 765
Location: Canada
Post ID: #PID

Posted on: 04-11-03 13:01:35

Hi,
I am a Canadian landed immigrant landed in Sept 2001 and then move back to USA.I am planning to move back to Canada from USA.Apart from my US doller I want to bring Indian Rupees(Converting into CDN doller) from my Indian Bank account
I will appreciate if anybody can advice me the best way to bring money from India without visiting India.Unfortunately I don't have any NRI acount and currently none of my friend is visiting India who could help me out in bring with them during returing
Regards

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ani

guju_canadien
Member since: Dec 02

Posts: 238
Location: Toronto, ON, Canada
Post ID: #PID

Posted on: 04-11-03 13:36:35

How about western union??

ani70
Member since: Oct 03

Posts: 765
Location: Canada
Post ID: #PID

Posted on: 04-11-03 18:08:47

I checked with Western Uniion and they still not have any process for bringing INR to USA/Canada(Converting INR to Doller)
Have you recently checked with those guys?

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ani

guju_canadien
Member since: Dec 02

Posts: 238
Location: Toronto, ON, Canada
Post ID: #PID

Posted on: 04-11-03 18:35:16

Well, I'd used western union to send money to india.

Anyways, how about state bank of india
They have 2 branches in Toronto.
one is downtown just accross my work on bay & wellington
second one is in mississauga.

I am sure if you get a DD in favor of SBI canada, it can be encashed here.
Downtown sbi branch ph#416-865-0414

chandresh
Member since: Mar 03

Posts: 2606
Location: Toronto
Post ID: #PID

Posted on: 04-11-03 19:44:45

It appears from the post that you want to transfer local Indian Rupees since you do not even have a NRI account. OFFICIALLY YOU CANNOT DO it except for some specified cases like medical treatment/education (I am not sure for that) since officially, local Indian Rupee (something which was not converted into Indian Rupee from foreign currency).

The only other official way is to ask someone travelling from India to buy it at the airport but that I think is restricted to US$ 2,000. another official way is there - but almost impossible to find - if someone has gone to India and converted some money to use there (for whatever purpose). He is allowed to buy INR upto the amount he had converted. A non resident is allowed to go into India without declaring foreign currency amount of upto US$ 10,000 but he needs to have a proof of official conversion into INR, to enable him to buy it back.

They were the official ways - there are lot of unofficial ways too. In case you want to do it, express it and some people might enlighten you/ help you!

All the best!
Chandresh

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Chandresh

Advice is free – lessons I charge for!!

Chor_Per_Mor
Member since: Jul 03

Posts: 135
Location:
Post ID: #PID

Posted on: 05-11-03 09:46:14

the only possible way is hawala. Every other way is illegal and can not be done.
Hawala is illegal of course

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DIE HARD !

ani70
Member since: Oct 03

Posts: 765
Location: Canada
Post ID: #PID

Posted on: 05-11-03 17:53:52

First of all thank you guys for your advice
I don't want to be behind the bar by taking hawla route!!!!!!!!!!!!!!!!!
Could you tell me the process how I can get INR if I open a NRI account
Do I need to authorize anyone who will be deposting INR in Indian Branch
Thanks

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ani

Contributors: ani70(4) Chor_Per_Mor(3) guju_canadien(2) rajcanada(2) chandresh(2) shibu(2) Margo(2) simplysouth(1) shah400(1) tamilkuravan(1) guess(1)

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