Hello All

I want to send 11K+ CAD to india

What would be best option...its pretty urgent
and is there any legal complications
as in will i get questioned by CRA on why did i sent this much amount of money..
or will it be a problem for receiver in India ???


Any and all inputs will be greatly appreciated.

Thank You

NOTE - one guy from india told me there is something called hawala his uncle sent it thru there and its cheaper ..but the issue is that was in usa and uk..he don't know about canada.

Use any bank service and send it officially but please DO NOT use hawala because it promotes terrorism and black money movements. Sometimes, there are chances that you will receive few fake bills (in the bundle) which will cause your entire funds seized by the banks or other authorities for further investigations.

Please avoid hawala, you may get few hundreds of Rs more in India but it is not worth promoting terrorist activity and black money (tax payer's hard earned money) going into swiss bank a/c.

SBI in Canada will give you good exchange rates.
If you are a good negotiator, ICICI will also negotiate the exchange rates if you are sending more than 10K.

I am not too much familiar, but as far as I know, if you use NRI/NRO service, you can officially (legally) bring the money back in the future without any additional fees/charges.

Thank you for helping our Native Country.