With S&P's downgrade of Indian Economy, it may fall further.
Any advice, how to protect our saving vis-a-vis Canadian Dollars.
Any advice, how to protect our saving vis-a-vis Canadian Dollars.
Best way is to keep money in Canadian Banks. Even with the 9-10 % interest given by Indian banks , it is not worth to keep money in India, as the whole interest is wiped off by the devaluation of Re. The interest rate in Canada is from 1.5 to 2,5 % in GIC's and the growth rate MF is about 4-5 %( on long term basis only.nano24482 said:With S&P's downgrade of Indian Economy, it may fall further.
Any advice, how to protect our saving vis-a-vis Canadian Dollars.
explorer101 said:Best way is to keep money in Canadian Banks. Even with the 9-10 % interest given by Indian banks , it is not worth to keep money in India, as the whole interest is wiped off by the devaluation of Re. The intrest rate in Canada is from 1.5 to 2,5 % in GIC's and the growth rate MF is about 4-5 %( on long term basis only.
Hello,nano24482 said:How do we open an account from India?
Please advise.
I want to convert at least 10000$ into CADs.
It is good for someone who want to send money from Canada but not for someone who want to bring money to Canada from India or for the applicants in que for immigration as their amount shown in POF is on decline and may have to make fresh deposit to meet the requirement.takingchances said:Well you can also see the positive side.....Actually it is a very good news for Indians who are working in Canada and earning in Canadian dollars... ;D
I am really happy as £ is 84 Rs ,takingchances said:Well you can also see the positive side.....Actually it is a very good news for Indians who are working in Canada and earning in Canadian dollars... ;D
Its a good advice by dear Explorerexplorer101 said:Best way is to keep money in Canadian Banks. Even with the 9-10 % interest given by Indian banks , it is not worth to keep money in India, as the whole interest is wiped off by the devaluation of Re. The interest rate in Canada is from 1.5 to 2,5 % in GIC's and the growth rate MF is about 4-5 %( on long term basis only.
Yes you can open an a/c in ICICI or the Royal Bank Of Canada (RBC).They do require the Immigration file number .dbag said:Hello,
You can open new immigrant CAD account in India with various Indian banks operating in Canada such as ICICI etc. or with Canadian banks such as Scotia Bank. However, I am not sure whether they require any proof of PR etc. for opening.
yes, you canharry_aussie said:Can i take Australian dollars as POF instead of Canadian dollars ?.
Good Advice ....+1explorer101 said:Best way is to keep money in Canadian Banks. Even with the 9-10 % interest given by Indian banks , it is not worth to keep money in India, as the whole interest is wiped off by the devaluation of Re. The interest rate in Canada is from 1.5 to 2,5 % in GIC's and the growth rate MF is about 4-5 %( on long term basis only.
reciprocatedKanamen said:Good Advice ....+1