Posted on: 14-12-09 15:50:28
Quote:
Originally posted by northyork_desi
I dont know if you are open to getting a bank darft issued by a bank in India (example is SBI) in CAD in your name payable at a Canadian bank. If you are, when you are back in Canada, you can put it in you CAD account in any bank. I think sometimes there is a 5 - 10 day hold. When I came initially in 2004, thats what I did.
Regards
I do not know if that if possible - for a local resident/citizen to simply buy a bank draft in foreign currency. What would be reason for him buying the forex that he will have to give to banks - or every resident is allowed to buy forex upto certain amount with no questions asked? If this is possible, then it is extremely simple and I will ask my cousin to look into that possibility. Makes it easy for both of us.
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Chandresh
Advice is free – lessons I charge for!!
Quote:
I do not know if that if possible - for a local resident/citizen to simply buy a bank draft in foreign currency. What would be reason for him buying the forex that he will have to give to banks - or every resident is allowed to buy forex upto certain amount with no questions asked? If this is possible, then it is extremely simple and I will ask my cousin to look into that possibility. Makes it easy for both of us.
Ask your cousin to check with local bank in India, he can get a dollar draft made from a bank. RBI has relaxed the rules for buying foreign currency for residents, he can show it as a gift to you. Here is the link from RBI http://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=1466&Mode=0
Quote:
Originally posted by puttoo
Ask your cousin to check with local bank in India, he can get a dollar draft made from a bank. RBI has relaxed the rules for buying foreign currency for residents, he can show it as a gift to you. Here is the link from RBI http://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=1466&Mode=0
Will definitely ask him to find out.
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Chandresh
Advice is free – lessons I charge for!!
I am surprised to see how OP is being given a special treatment. While I had always been personally in favor of alowing something this magnitude of advertising, but it should be for all. There had been many examples when such 'advertisements' were removed.
-Ben
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