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  Canada Immigration Forum > General > Our Native Country! > Sending money to India
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Sending money to India




All these times, I was sending thru wire or thru bank draft. When I was in desh, I had taken Amex travellers cheques. Got bad deals in the bank (Indian Bank). Once I got less than $39.50 (abt two weeks back). I wasdistracted for a few minutes and got hoodwincked.

What else is there to send money to get a decent rate (not black)? I need to send around $40k (bought an apt in Chennai).

DIO


 
desi in ottawa

Senior Desi
Member since: May 04
Posts: 1627
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Post ID: 82610 01-08-06 08:08:40
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tamilkuravan
Senior Desi
Member since: Jun 05




Posts: 5756
Location: God's own country

Best Rates
DIO,
In Mississauga, Try YEO money services located in the Kaveri supermarket at Dundas and Hwy10 intersection. He is legal. He gives the best rates in Town and can even deposit it in your SBI account in India directly (as a bank draft) or deliver money by hand.
Remeber that there is a tax levied by the inidan govt. to a tune of Rs. 10 for every Rs. 10,000 and therefore you will lose around Rs. 1520 as tax to the Indian govt. if you use the Demand draft option. If it is by cash, you will save this Rs. 1520.
Remember that the CDn. dollar is just around 88 cents to a US dollar (was 90 cents to a US $ when you were in India) and hence i presume that you may just get Rs. 38 or so for every CDN. dollar.
He takes your driving license no. to report to Cdn. revenue authorities and makes you sign a form that you are not using the money for Money laundering purposes.
Delivery time by cash is the next business day and demand draft option is 1 hr. (provided you have your SBI bank details).
I am very happy that you have made a good investment in the form of a flat in Chennai and I wish you and your family happiness and joy.
TK A
Afternote to DIO - > Can i give you his phone number and do you want to call him and ask him as to how to work it out or he can give some other Ottawa contact details?
I also googled and found this link to send money to india -> http://www.sendmoneytoindia.com/tamil_nadu/canada.php (Link for sending money to Tamil Nadu, India). Compare the rates and make a decision.

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Last edited by: tamilkuravan on 01-08-06 10:56:09
Post ID: 82614 01-08-06 10:01:19
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desi in ottawa
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Member since: May 04




Posts: 1627
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Thanks TK,

Since I am in Ottawa, cant travel to Toronto for this task. Any suggestion for something here in Ottawa?

DIO


 
Post ID: 82619 01-08-06 10:33:29
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tamilkuravan
Senior Desi
Member since: Jun 05




Posts: 5756
Location: God's own country

YOA Money services to India
DIO,
As requested by your PM , i am giving you his website and phone no..
I am making it public for the benefit of CD's.
YOA Money Transferring
http://www.yoaimpex.com" rel="nofollow">LINK (Yoaimpex)- Afternote - >His website does not work
905 2908318
Please use this service at your own risk.

TK A

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I am a Gents and not a Ladies.

 
Last edited by: tamilkuravan on 02-08-06 14:43:57
Post ID: 82704 02-08-06 10:47:20
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