Best Way to convert Indian Rs to CAD Money?


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Bingo   
Member since: Jan 07
Posts: 198
Location:

Post ID: #PID Posted on: 18-04-09 23:04:21

How to get Indian money in to Canada ,want to sell property in India and buy here ?:confused:



sville   
Member since: Dec 08
Posts: 242
Location:

Post ID: #PID Posted on: 22-04-09 20:11:24

Sadly, I never had that opportunity to convert INR into CAD :(

Well, the best option i can suggest is to open an account with ICICI-Canada. My guess, conversion from ICICI-India to ICICI-Canada would give you better rate.

Keep in mind, bringing over $10K has to be declared and might be taxed.



rajcanada   
Member since: Jul 03
Posts: 2713
Location: Kitchener, ON

Post ID: #PID Posted on: 23-04-09 07:13:47

Legal way is to do it through banks in India. It is subject to regulations like FEMA.


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Bingo   
Member since: Jan 07
Posts: 198
Location:

Post ID: #PID Posted on: 25-04-09 11:03:07

Any Experience of some other sorts ..?



Beebee   
Member since: Oct 07
Posts: 61
Location: Middle East

Post ID: #PID Posted on: 25-04-09 15:37:08


Come to the point, You want to know the Hundi route,Isn't it ?


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Bingo   
Member since: Jan 07
Posts: 198
Location:

Post ID: #PID Posted on: 25-04-09 18:54:01

What is this HUNDI route ..?



sville   
Member since: Dec 08
Posts: 242
Location:

Post ID: #PID Posted on: 25-04-09 19:06:51

Quote:
Originally posted by Bingo

What is this HUNDI route ..?


Or hawala?

But not sure if that's legal (or illegal) in Canada. If it's not illegal, does that make it legal?
Either way, I won't know.



Contributors: Bingo(3) sville(2) Beebee(2) rajcanada(1) NM(1) mkannuri(1)



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