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Originally posted by bablu12345

Hi All,

I saw lot of threads discussing about landing from US to Canada but is there anyone who landed from somewhere else say India?
I jus wanna know if bank statement showing India Rupees equivalent to $16000CAD will be ok as a proof of fund. I cant transfer Rupees in CAD as i will be in Canada just for a day for landing formalities. I wish to convert this money only once i will be permanently moving.

Thanks in advance for your responses.

Regards.

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You say that you want to be here in Canada for just one day for the landing formalities. Right??
Here is a way that you can swing it the way you want to do. For that you got go to a bank that has a branch office here in Canada. Here is the list of them.

* Citibank Canada

* State Bank of India

* ICICI Bank Canada

List of foreign Banks in Canada : http://www.osfi.gc.ca/WWWapps/lists/eng.asp?s=1&g=1&i=4

Normally when we become a Non Resident of India and want to open a Bank account, the banks tell us that we have to produce a lot of proofs to open an NRI External account. Now that you have your Passport stamped for entry into Canada, and can show that you are going to join all of us here in Canada, you might be permitted to open one and also get the Cheque Books etc., for your use. They might also give a Debit and Credit cards also. But that is your choice to take it or leave it. I am not suggesting that you do that. Now tell the Bank Manager there, that the money that is equivalent to $16,000 CAD is going to be deposited into the NRE account there with them and in due course it will be transferred to Canada and you want an introduction to the counterparts here in Canada and in a town that you know, which is close to the Airport. (Such as Toronto.) After depositing it into the account, please convert $100.00 into a demand draft. Or any sum that you feel you can afford to keep it in that form for six months. Ask them to give a statement of the balance left in that account. Also ask them how fast can they do it, if you meet with their counterparts here in Canada.

NOW. you have:
1) An NRE Account there in India.
2) You have all the cheques that you can use on that account.
3) You have an introduction to their branch here where you are landing. If you are smart you will find one that has a branch and also close to the airport.
4) You have a statement of the remaining balance in it on the date of transaction.
5) Now try and get a statement on the date of departure or close to that date.

If push comes to a shove, you go and get it converted here on landing. Which means that if they will not accept the proof of funds in Indian Rupees in India you will transfer it to the local Canadian Branch. Otherwise, you can land in the after noon at 15:30 and after the formalities, depart at 20:30 on the same day. Or to play it safe, leave the next day if you have to do the conversion here at their branch. But make sure that you stay for one day and also come on a day which is a working day.

Today the U.S. Dollar is at 51.25 Indian Rupees. On Friday the 27th of March 2009, it was at 50.75. And it is heading for 52 urpees. If you want to play the game, then you choose when the Indian Rupee is moving UP. That way you can get a free trip to Canada. How? You have to figure that one out. You think you can do that?

If you can, then,... Good Luck.

Safe landing.

Freddie.

P.S. If it worked for you, please drop us a note here. Thanks.