Buy Indian currency, says HSBC

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JRF
Member since: Jul 04

Posts: 1853
Location: GTA, Ontario
Post ID: #PID

Posted on: 21-03-07 12:40:37

This is making me happy emotionally. Not financially though.

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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM

dhshpatel
Member since: Apr 05

Posts: 57
Location:
Post ID: #PID

Posted on: 21-03-07 12:51:24

Money from INDIA to CANADA....

Best use HAwala means adjust money with who want to send the money to india......
so both don't have to give the exchange rate and that become profit or win win position for both..............

or find someone who is coming to canada as PR first time so give them CAD draft they give you beck here in canada........only one time exchange rate you have to pay....

Trinity
Member since: May 06

Posts: 286
Location: Mississauga/ Toronto, Can
Post ID: #PID

Posted on: 21-03-07 13:51:06

Quote:
Originally posted by dhshpatel

Money from INDIA to CANADA....

Best use HAwala means adjust money with who want to send the money to india......
so both don't have to give the exchange rate and that become profit or win win position for both..............

or find someone who is coming to canada as PR first time so give them CAD draft they give you beck here in canada........only one time exchange rate you have to pay....

Thanks, but no thanks. I am not interested in beating the system. I would not mind paying bank fees.

What I am interested in is, whether there are any banks that provide this service?

Thanks.

Trinity

Garvo Gujarati
Member since: Nov 01

Posts: 3117
Location:
Post ID: #PID

Posted on: 21-03-07 13:55:37

hsbc

uti

icicibank

citibank

All should provide such services.

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A Proud Indian Canadian

Trinity
Member since: May 06

Posts: 286
Location: Mississauga/ Toronto, Can
Post ID: #PID

Posted on: 21-03-07 14:33:08

Quote:
Originally posted by Garvo Gujarati

hsbc

uti

icicibank

citibank

All should provide such services.

I think you are talking about transfer from Canada to India.

Are you sure these banks offer from India to Canada?

Thanks.

Trinity

Val
Member since: Oct 03

Posts: 189
Location: Toronto
Post ID: #PID

Posted on: 21-03-07 15:00:37

it depends what money you are talking about.

If it's repartrible yes you can, if non repartriable, may be yes but the process isn't straight,

dhshpatel
Member since: Apr 05

Posts: 57
Location:
Post ID: #PID

Posted on: 21-03-07 15:11:27

if you want to transfer money from INDIA to abroad then you requier permission from Reserve Bank Of India, means you have to give proof to bank (who is issuing the draft of currency of forigen money).
Proof menas reson to why you have to send money abroad. if you satisfied and give the proof then they will issue the draft to you and send that detail to RBI.

all bank will give you forigen money draft or cheque. means you have to buy currency in INDIA by giving the INR.

By legal way BANK is the only safe and good way there is no alternative .

Other alternative you will bring the CASH INR with passenger or by your self But the problem is in canada candian bank are not buying the INR.

Contributors: dhshpatel(4) Trinity(3) JRF(2) balaq8(2) scorpio5(1) Garvo Gujarati(1) Val(1)

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