From mortgages to global money transfers, ICICI Bank Canada is helping immigrants start a new life.
Rahul Singh came to Canada from Chandigarh, India, in 2016 as a permanent resident with hopes and dreams for a better lifestyle. However, to begin his new life, he needed a bank account to meet his financial needs in Canada. He was pleased to learn that he could continue the relationship he began with ICICI Bank in India.
The Hello Canada program from ICICI Bank Canada is designed to assist immigrants like Singh open bank accounts and transfer up to C$100,000 while still living in India. Once Singh arrived in his new home country, he could activate his account and access his funds with help from staff at the Mississauga branch.
ICICI Bank Canada is a financial institution that’s Indian at heart. It allows newcomers to maintain long banking relationships with unique offerings.
Two homes, one bank
ICICI Bank also shared information with him about its various services, including money transfers, mortgages, and non-resident Indian (NRI) referral services. In addition to assisting Singh with repaying a personal loan, they also set up a recurring money transfer for him to send funds to India at a competitive rate.
A few years later, Singh and his family were ready to take another important step — purchasing a dream home. The bank not only helped him to fund his mortgage requirement but also guided him on how to shift money gifted to him by his parents from India to Canada. During the pandemic, they also moved to Canada to live with their family and converted their resident accounts in India to non-resident ordinary (NRO) accounts.
ICICI Bank Canada is a financial institution that’s Indian at heart. It allows newcomers to maintain long banking relationships with unique offerings.
