Posted on: 26-11-07 11:50:01
Quote:
Originally posted by ash_canada
I have a Citibank NRI account and use it infrequently. I found the service more personalized and better than ICICI NRI accounts. I have a dedicated personal manager in Toronto for any questions / forms etc. But if you have to call the Toll Free number, its the same case as any other bank ...
All in all, I am pretty happy with it considering the limited choices that we have. On the flip side, their exchange rates are very bad. But, you can open an account with them and use money2india or remit2india to transfer money into the Citibank NRE/NRO accounts
Let me know if you need any other info.
You dont need to use money2india to transfer money to Citibank NRE account. You can simply post a chect to the citibank office in Toronto. Money2India levies commission to transfer money.
True that Citibank does not charge an outright commision for remittances ; however, their exchange rates are poor (at least 1Re less for 1 CAD) compared to money2india / remit2india. So, they are more than making up for the "no commission".
Any body knows In what state the bank is , and how safe are the deposit.
I understand in India they are only insured for Rs.100,000.
Any comments of safety of deposit if bank goes down ...?
Kesho in Canada deposits of upto 100 K $ are insured by CDIC ..
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Quote:
Originally posted by kesho
Any body knows In what state the bank is , and how safe are the deposit.
I understand in India they are only insured for Rs.100,000.
Any comments of safety of deposit if bank goes down ...?
Citi Bank has branches in all major cities.
http://www.findmyciti.com/in/
Yes insurance is only upto Rs 100,000.
Hope this helps.
CANADA
Toronto:
Citibank NRI Business,
123, Front Street West, 17th Floor,
Toronto, Ontario, Canada - M5J 2M3
Tel: +1-416-947-5691
Fax: +1-416-947-5728
Toll Free from any location in the Canada: 1-800-CITI-NRI (1-800-248-4674)
