How to bring Money from India without visiting India


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Margo   
Member since: Jan 04
Posts: 110
Location: Mississauga, Canada

Post ID: #PID Posted on: 02-04-04 11:52:26

Could someone please give me contact numbers and address of SBI Mississauga? If anyone banks there, please let me know if their service is good/efficient.

Thanks, MBJ



Quote:
Orginally posted by guju_canadien
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


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simplysouth   
Member since: Mar 04
Posts: 46
Location: Toronto

Post ID: #PID Posted on: 02-04-04 14:09:40

The amount available for repartriation in case of immgration is upto $ 100000. The BTQ ( Basic Travel Quota ) for persons travelling abroad is $ 10000 of which $ 2000 is currency and $ 8000 in Travellers Cheques. Banks will accomadate your request



rajcanada   
Member since: Jul 03
Posts: 2713
Location: Kitchener, ON

Post ID: #PID Posted on: 02-04-04 17:59:03

Quote:

SBI Mississauga
Could someone please give me contact numbers and address of SBI Mississauga? If anyone banks there, please let me know if their service is good/efficient.

Thanks, MBJ



Office Hours: Monday To Friday 9:30 AM - 2:30 PM
State Bank Of India (Canada)
1450 Meyer Side Drive,Suite 100 Dixie Place
Mississauga, Ontario L5T 2N5
Telephone 905 565 8959
Fax 905 565 8967



Western Union allows only incoming money to India in India. No money can go out of India by Western Union.


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Margo   
Member since: Jan 04
Posts: 110
Location: Mississauga, Canada

Post ID: #PID Posted on: 02-04-04 23:25:26

Many thanks for the info.

We are thinking of bringing a Can$ draft from SBI Mumbai (our bankers here), to deposit in SBI Mississauga after opening an account there. I guess this would be a quick/effective way to realise the funds.

Could you tell me if I could access my SBI A/c in Mumbai through the Mississauga branch when required?

Thanks and Regards.




Office Hours: Monday To Friday 9:30 AM - 2:30 PM
State Bank Of India (Canada)
1450 Meyer Side Drive,Suite 100 Dixie Place
Mississauga, Ontario L5T 2N5
Telephone 905 565 8959
Fax 905 565 8967



Western Union allows only incoming money to India in India. No money can go out of India by Western Union.


-----------------------------------------------------------------
The best way to make your dreams come true is to wake up - - Paul Valery



rajcanada   
Member since: Jul 03
Posts: 2713
Location: Kitchener, ON

Post ID: #PID Posted on: 03-04-04 06:46:39

Read this thread
http://www.canadiandesi.ca/read.php?TID=1910&page=1#8120

You can ask SBI Mumbai or Mississauga(through contacts/email/ISD ) as to how much time will a draft take to clear in your case and bring the funds accordingly. I do not bank with SBI in Canada, so I have no idea. I bank with ICICI for sending money to India but do not go to the bank personally. I use cheque lock box.


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shah400   
Member since: Feb 13
Posts: 1
Location:

Post ID: #PID Posted on: 14-02-13 02:10:59

If you are going to india on a visit then do below things.

1) As a Canadian Citizen, you can bring less then 10k $ back with you. SO you can bring approx CAD 9500 w/o declaring. So you can convert your INR and get CAD

2) When you are on India Visit, go to any exchange broker and get INR converted to CAD. Open a NRI & FCNR A/c. Put that CAD in FCNR A/c for approx 1 year fix deposit. Once the deposit is matured, ask them to transfer the fund from SBI India to SBI Canada (Wire Transfer).

3) As from Canada lot of people send INR to India for their loved ones. You can send money directly from your India A/c on behalf of them and then get the CAD here in Canada.



Above may not be legal but can be done



tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 16-02-13 01:38:51

By Hawala

Murali


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