Axis Bank confused me about GIC

[shagunsangwan]

Hi friends...
I am from India and i have applied to fanshawe college London for sept. intake, i deposited 10100 CAD to scotia bank for the GIC from my account in axis bank but when i got the remittance receipt, in the receiving institution column it was written JPMORGAN CHASE BANK , while in some other subclause there was mention of Scotia bank also but at 2-3 places, primarily it is JPMORGAN CHASE BANK written everywhere. I asked the bank employee about this and he said that JPMORGAN must be an intermediary bank, while from his expressions it seemed that he himself was unaware of this

Now i am worried whether the funds will reach SCOTIA BANK or not .... can anyone help me in this friends :

 

[dannie88]

Hi friends...
I am from India and i have applied to fanshawe college London for sept. intake, i deposited 10100 CAD to scotia bank for the GIC from my account in axis bank but when i got the remittance receipt, in the receiving institution column it was written JPMORGAN CHASE BANK , while in some other subclause there was mention of Scotia bank also but at 2-3 places, primarily it is JPMORGAN CHASE BANK written everywhere. I asked the bank employee about this and he said that JPMORGAN must be an intermediary bank, while from his expressions it seemed that he himself was unaware of this

Now i am worried whether the funds will reach SCOTIA BANK or not .... can anyone help me in this friends :

I think last date for gic is 10july

 

[sidhu_anwar]

JP Morgan indeed is an intermediary bank

 

[ajayjay]

Noo its 25 july 2014 for sept intake for wire transfer...

 

[shagunsangwan]

I think last date for gic is 10july

i had transferred the funds on 8th july

 

[garry gill1991]

buddy these are intermidiate banks. you need not to worry . you ll get GIC soon.

 

[shagunsangwan]

buddy these are intermidiate banks. you need not to worry . you ll get GIC soon.

thanks man.... i hope all goes well

 

[jerin]

thanks man.... i hope all goes well

Don't worry, its just an intermediate Bank.

 

[napnusion]

I think you read the Wire Transfer Receipt , Right? Well it must have listed Axis , JP Morgan , Scotia bank.

It's just a part of process.

I have myself seen the receipt of the wire transfer of my friend , who recently got GIC and it did list the three banks mentioned above (in the receipt)

So neither worry or confuse yourself about the process by digging too deep.

Just relax and you will definitely get your GIC!