imm2canada said:
Hi Seniors,
I am planning to do my landing in the month of April, I am in search of a financial institute for my travelers cheque and cash needs. Could you please suggest a good one for this...
I have been to HDFC, however as i am not holding an account with this bank they denied to provide travelers cheque. I am thinking to get in contact with ICICI, thomas cook and SBI. Please let me know whether these 3 are worth finding out and which one would be the ideal option to go with.
Thank you in advance for your time....
Which bank do u have account with. Have they given you an International Debit Card. If yes, then you can simply get a certificate of funds letter on bank's letterhead and carry it with you. No need to get any travelers cheque or anything else.
Otherwise, another option is to open a Canadian account from within India, before you travel. Kotak has tie up with Scotia Bank. They will open a CAD account and also allow you to make a single deposit from within India, for upto 25K CAD. They will also give you a proof of funds letter.
If you wish to take this router, be sure to apply well in advance. As Kotak Mahindra need 3 weeks to get this sorted.
Once you are in Canada, you just need to go to a Scotia Bank branch and formally activate your account.