taking money to india? will pcfinancial debit cards work?


Jump to Page:
< Previous  [ 1 ]  [ 2 ]  [ 3 ]    Next >




jedimaster   
Member since: Apr 08
Posts: 5
Location:

Post ID: #PID Posted on: 23-04-08 14:34:10

Hi guys I am going to india for one month and want to know whats the best way to convert CAD to INR currency..should I convert most of it to travellers cheques in US funds and carry US cash or will I be able to use my pc financial debit card when in India? I am also taking my credit cards in case I need it but I just want to avoid carrying a wad of cash on me.



ash_canada   
Member since: Jan 07
Posts: 121
Location:

Post ID: #PID Posted on: 23-04-08 15:39:37

I guess you can use your debit cards/credit cards in India. However, PC will charge you a foreign transaction charge of upto 3% per transaction. In addition, it may be safer not to use your Canadian card in an Indian ATM.

the best way is to have a NRE account in India. You can fund your account using any money transfer service like Money2india or remit2india. You can then use the debit card that you get with this account for transactions.

If you dont have that, another option is to use travellers cheques and encash it at any bank.



AshwaniG   
Member since: Jul 04
Posts: 1484
Location: Convinient

Post ID: #PID Posted on: 23-04-08 16:10:40

As a fellow CD had advsied you to open a NRE account , you can do it with CITINRI . You can deposit money here and conveniently use in India
Best of luck for your visit
Ashwani


-----------------------------------------------------------------
Growing Old Is Mandatory ..Growing UP is Optional


cdn_dude   
Member since: Dec 05
Posts: 942
Location:

Post ID: #PID Posted on: 23-04-08 16:11:53

I try not to complicate things by using the cards (credit/debit), I have used the credit card though, very few times. I prefer to use cash/traveller's cheques. TD Canada Trust gives (or used to give) you free TC - depending on the type of account you have. Otherwise, I carry cash and convert it as needed.

Quote:
Originally posted by ash_canada

I guess you can use your debit cards/credit cards in India. However, PC will charge you a foreign transaction charge of upto 3% per transaction. In addition, it may be safer not to use your Canadian card in an Indian ATM.

the best way is to have a NRE account in India. You can fund your account using any money transfer service like Money2india or remit2india. You can then use the debit card that you get with this account for transactions.

If you dont have that, another option is to use travellers cheques and encash it at any bank.



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

Post ID: #PID Posted on: 23-04-08 20:08:46

I may be wrong but my understanding is that Interac works only in Canada. Unless your PC financial debit card displays any other logo that matches with the ATM you use in India, you proably won't be able to access your funds in Canada.


-----------------------------------------------------------------
Give free food http://www.thehungersite.com ||


RESP   
Member since: Mar 04
Posts: 371
Location: Mississauga, Ontario

Post ID: #PID Posted on: 23-04-08 20:47:17

My own experience: PC Financial Debit card work only on ceratain (Very few)bank machines in India. It will work on Hongkong (HSBC) Bank ATM machine and will not work on Citibank ATM.


-----------------------------------------------------------------
Dont help others because others have helped you,,,,help others because its the right thing to do!!!

http://www.indopia.in/


desi in ottawa   
Member since: May 04
Posts: 1627
Location:

Post ID: #PID Posted on: 23-04-08 23:02:49

I had $1,500 in cash, rest in bank draft. Not sure if the bank draft was the right choice, but given the time constraint, I had to go for it. Banks charge 1% commission for TC. I thought of getting TC, then the bank adviced me against it.

DIO





Jump to Page: < Previous  [ 1 ]  [ 2 ]  [ 3 ]    Next >

Discussions similar to: taking money to india? will pcfinancial debit cards work?

Topic Forum Views Replies
Credit History and Credit line
Financial Planning 1777 2
Queries before Landing in Canada!! ( 1 2 )
Moving Soon 3685 13
Carrying cash while landing ( 1 2 3 )
Moving Soon 4970 16
Dollar Credit Card
Financial Planning 1646 2
Canadian Dollar cash/Draft in India?
Just Landed 1619 5
Using credit cards in India ( 1 2 )
General 2596 10
WHAT HAPPENS IF YOU FAIL TO PAY UR SECURED CREDIT CARD BILL ( 1 2 )
Financial Planning 4235 12
mississauga stores accepting credit cards
Shopping 1886 1
Best way to take money form India to Canada ( 1 2 3 )
Moving Soon 4861 20
WINTER CLOTHES AND CREDIT CARD USAGE
Shopping 1687 1
Additional Funds
General 1658 2
Should I take USD or CAD to India?
General 1105 1
Things Not To Carry In Your Purse ( 1 2 )
Just Landed 2293 9
Carrying money to India ( 1 2 )
Our Native Country! 4409 7
taking money to india? will pcfinancial debit cards work? ( 1 2 3 )
General 6963 17
Take Money to India Safely ...
Our Native Country! 1636 1
Hassle of carrying $$$ to India ( 1 2 )
Our Native Country! 3110 8
Opening a new bank account
Ask Immigration Expert 1488 2
spending money for trip to India ( 1 2 )
Visiting, Traveling and Picnicing 2201 7
buying online on Ebay with debit card
Shopping 1907 4
Best avenue for investment in India for Canadians ( 1 2 3 4 )
Financial Planning 5639 21
US Dollar Credit Card ( 1 2 3 )
USA 2859 14
What is the maximum undeclared amount of cash one can carry? ( 1 2 3 ... Last )
Just Landed 10001 47
Documents that i should carry always !
Just Landed 3169 6
Questions - Trip to India via London in December 2017 with PIO card holders
Visiting, Traveling and Picnicing 2334 1
 


Share:
















Advertise Contact Us Privacy Policy and Terms of Usage FAQ
Canadian Desi
© 2001 Marg eSolutions


Site designed, developed and maintained by Marg eSolutions Inc.