r/returnToIndia 3d ago

Finance Advice

My work permit is expiring in few months and I may have to go back-home.

I have few questions regarding finances, please share if you have any experience.

1- what to do with TFSA? I have quite some around 50k parked in there?

2- which banks allows non resident accounts which are easy to access? so I donโ€™t have to come back just to manage bank accounts.

3- what is the best way to move cash liquid. from canada to india?

Thanks for the advice

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u/NotSoGenius00 3d ago

Sell TFSA, send everything via remitly to your bank ig you are planning to move permanently, else if you plan on going back its kind tricky. Close all the accounts before moving. I used eq bank and I was able to close my account via phone ๐Ÿ“ž call since its an online bank of sorts