Dear All,
Although I post very less but I would like to bring to kind notice that as per Operational Manual from CIO we can conclude that CIO moves irrespective of the NOC
Reason : As there is overall Cap of 5000 and Sub cap of 300 so CIO will time stamp the application as it receives.
1. They pick up application by application and increment the number of overall cap and NOC Cap by +1 if application is complete and payment is successful.
So it would be more beneficial if the spreadsheet copy is sorted by the Date of Receipt and then Time.
It would give the clear idea about the date currently CIC working on.
Further, it would be also beneficial for the members who have paid by DD as DD drawn by the banks will be on counterpart.
For complete understanding of the method of DD processing kindly read as follow:
1. Applicant approach the home branch (ex. India) to draw a DD payable in Canada in CAD.
2. Bank will charge the home account of the applicant equivalent to the amount and draw a DD on their counterpart (Ex. ABC Bank) in Canada.
3. Applicant will sent the DD to CIO along with application.
4. CIO will check for the completeness of the application and will present the DD in there bank (say for ex. Royal bank of Canada)
5. Royal bank of the Canada will send the DD for the encashment to the bank on which home branch has drawn (ABC bank)
6. ABC Bank will send the confirmation to Royal Bank of Canada about the clear payment and then after cap count is increased by +1 for NOC and overall Cap
I just outlined the above procedure as I was a part of the development of the Bank application.
