Carrying settlement funds to Canada

[hope73]

Hi,

We are a family of three members from India. As per the new guidelines, the settlement funds required to show at the POE is CAD 17011. I plan to carry traveller cheques. Is that good option ? or can anyone suggest a better one?

In India, can I purchase traveller cheques for the above amount without any limitations?

Please throw some light.

Thanks

 

[sonea]

its really confusing i think we should stick to "carry cash" only..

 

[Chami]

I'd rather take one draft instead of Trav. CH-s, which involves lots of signing when you purchase and when you cash after too. But it's totaly up to you...

Chami

 

[hope73]

I wonder how much foreign currency in cash we can carry from India.

 

[mitali]

I wonder how much foreign currency in cash we can carry from India.

$5000USD as per RBI guidelines

http://www.canadavisa.com/canada-immigration-discussion-board/query-driving-license-proof-of-funds-electornic-goods-from-india-t80452.0.html;msg947875#msg947875

 

[EnvioZA]

its really confusing i think we should stick to "carry cash" only..

Is there any documents ( bank statement etc) needed for the cash I will carry? Or I just declare the amount at the POE to customs officer and fill the amount in form.Please reply.
Thanks in advance.
zahed

 

[Dr.Hasib]

Is there any documents ( bank statement etc) needed for the cash I will carry? Or I just declare the amount at the POE to customs officer and fill the amount in form.Please reply.
Thanks in advance.
zahed

dear zahed bhai,
pls check the below link :
http://www.canadavisa.com/canada-immigration-discussion-board/-t39318.0.html

 

[EnvioZA]

dear zahed bhai,
pls check the below link :
http://www.canadavisa.com/canada-immigration-discussion-board/-t39318.0.html

Dear Dr. Hasib,
Quick response...thanks a million..
All the best.
Regards,
zahed

 

[thomas78]

hi..

i arrived recently.. i bought in the form of bank dollar draft , cash and travellers card.....

draft and cash would suffice...

 

[hope73]

hi..

i arrived recently.. i bought in the form of bank dollar draft , cash and travellers card.....

draft and cash would suffice...

Hi,

Thanks for your reply. If I have to carry in the form of bank draft, on whose favour the draft has to be purchased? 'cause I dont have any account there.

Also, which bank you suggest that offers best facilities for the immigrants? ( I heard of Scotiabank )

 

[xenos]

$5000USD as per RBI guidelines

http://www.canadavisa.com/canada-immigration-discussion-board/query-driving-license-proof-of-funds-electornic-goods-from-india-t80452.0.html;msg947875#msg947875

Is 5000 USD per individual? Can someone clarify please.

 

[Cappuccino]

its really confusing i think we should stick to "carry cash" only..

I don't think it's a good idea to carry that amount of funding ($17,000+) in actual cash. What if you are mugged/robbed on the way to the airport?

At least with traveller's cheques they are insured and you can get the money bank if they are lost or stolen.

I would strongly advise people only carry small amounts of real cash, for safety's sake.

Wayne.

 

[davidjn]

Guys
I am also confused about taking funds.
can I make a draft on my name in CAD from India and deposit after opening the account in Canada?
Is it possible to make draft before opening account in Canada?
pls suggest

thanks

 

[yukon]

Is 5000 USD per individual? Can someone clarify please.

While emigrating from India you can carry 100,000 USD equivalent currency per person in your family as per RBI (Reserve Bank of India) regulations.

its really confusing i think we should stick to "carry cash" only..

Do not carry more then 1000 $ or so in cash it is NOT SAFE. As other members have suggested, you can take your money either in Demand Draft, TC, Pre-paid Visa traveler card or best is to open an account with Scotia Bank in India itself & transfer your money into it. The account gets activated in Canada once you physically present yourself at any branch in Canada.
Check these links:

http://www.scotiabank.com/cda/content/0,1608,CID19_LIDen,00.html
http://www.scotiabank.com/startright/landing-page.html

 

[shijoal]

Guys
I am also confused about taking funds.
can I make a draft on my name in CAD from India and deposit after opening the account in Canada?
Is it possible to make draft before opening account in Canada?
pls suggest

thanks

my friend in india

you can open a account in scotia bank ,when u r in india. then u can tranffer the amount to the canadian branch. shijoal