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At a Glance
A country of picturesque landscapes and ample life-changing opportunities, Canada houses a sizeable Indian immigrant community. As an NRI living in Canada, you may need money transfer services to send funds back to India securely with DBS Treasures money transfer services. Choose DBS’ Telegraphic Money Transfer from Canada to India and send funds conveniently.
Telegraphic Funds Transfer from Canada to India with DBS
With its commercial prowess and welcoming culture, Canada has become a popular choice for immigrants seeking a better life. Ripe with exciting career and growth opportunities, Canada is the place to be in to advance your career. And while you reside here as a Non-Resident Indian, you can ensure the financial security of your loved ones in India. As an NRI in Canada, you can efficiently utilise DBS Treasures’ Telegraph Fund Transfers to send money to India.
With DBS Telegraph Transfer service, the process of sending money overseas has been streamlined. It is a mode of electronic funds transfer conducted through the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging network. Most banks and financial institutions enable sending and receiving money internationally through the SWIFT network and corresponding SWIFT codes. DBS has seamlessly adopted this remittance method to allow you to transfer funds from Canada to India with utmost ease.
Features and Benefits
DBS offers the following benefits on Telegraphic Transfer from Canada to India.
- Avail of attractive forex exchange rates on international transfers via DBS.
- Transfer funds to India through our trusted and reliable remittance mediums.
- The speedy transfer of funds occurs within 24-48 hours in certain geographies and 1-4 working days in others.
- Transfer funds in 19 different foreign currencies, including Canadian Dollars, through DBS Treasures’ network of corresponding banks worldwide.
Telegraphic Fund Transfer from Canada – The Steps
Here are the steps to conduct a Foreign Telegraphic Transfer from Canada to India:
- Log in to your DBS internet banking account for fund transfers online. You may also visit your nearest DBS bank branch for offline transfers.
- Check the currency conversion rates, transfer fees, and applicable taxes.
- Fill and submit the transfer form along with the necessary details.
The bank processes the telegraphic transfer request; funds are debited from the sender’s account (correspondent bank) and credited into the beneficiary account.
Frequently Asked Questions
There is no maximum limit on transferring money via Telegraphic Transfers so long as the funds come from a legal source. However, certain countries may have specific limits and tax laws on overseas fund transfers, and you must check the same based on your country of residence.
Yes, you may initiate offline Telegraphic Fund Transfer from Canada to India by visiting a bank branch near you.
You will need:
- Your name, address and bank account number
- The currency of payment amount
- Beneficiary name, bank name and branch with address, beneficiary bank account number, and bank SWIFT code
- Details of intermediary banks (if any are involved)
- Purpose of payment
