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How can I transfer my RESP to another service provider?

How can I transfer my RESP to another service provider?All you must do is to notify both the transferring and receiving service providers and filling out the transfer forms. You must clarify the reasons for moving your RESP account from one service provider to another. Read this article to find out the best RESP provider.Since different financial institutions have different terms and conditions, their services also vary. Some might set contribution limits and charge service fees, prompting you to move your RESP. Other reasons that might push you to transfer your RESP include:When searching for relatively cheaper investment optionsWhen consolidating all your accounts in one financial institutionWhen interested in particular proprietary investment in a specific service providerTransferring your RESP to another financial institution has no tax implications. You can always move the investments in kind or in cash.With an in-cash transfer, the relinquishing promoter sells all the assets in your former account and transfer the cash proceeds into your new account. The receiving financial institution then uses the money to buy for you a new RESP investment. Its disadvantage is that you might incur significant losses if the assets sold depreciates.With an in-kind transfer, all your investments in the old account get transferred directly into your new account in another financial institution. No selling or buying takes place during the entire process. For instance, if you have CA$5,500 in your old RESP account, that’s what the relinquishing promoter will transfer to your new account.Steps to Follow When Transferring Your RESPMany companies offer RESP services. You should, therefore, be careful when searching for a new service provider. Select an RESP provider who will fulfill all your financial needs.Now, here are the steps to follow when moving your RESP to another financial institution.Get transfer forms from both the relinquishing (transferring) service provider and the receiving promoter. Find the forms here, with the guidelines to fill them out.Specify the reason why you need to transfer your RESP from one service provider to another. That’s because some transfers are usually very costly.Print out a copy showing your most recent contribution statement. The document will serve as proof of your invested assets plus their values.Visit the receiving promoter and inquire more about the transfer process. Find out the duration of the transfer process and the type of transfers they accept, whether in-cash or in-kind. Also, find out all the applicable fees they charge for transfers.Submit the transfer forms to the respective financial institutions. It will take between four and six weeks for them to process your transfer request.Follow up with both the old service provider and new service provider to find out if they have completed the transfer process.Transfer FormsIn a nutshell, let’s look at the transfer forms that should get filled out during the transfer.Form A (HRSDC SDE 0088): Filled out by the subscriber, who is youForm B (HRSDC SDE 0089): Filled out by the receiving promoterForm C (HRSDC SDE 0090): Filled out by the transferring institutionFinal WordsTransferring your RESP from one financial institution may seem complicated, but it's not. All you must do is to follow the instructions. Your new receiving promoter will do most of the work on your behalf, including contacting the transferring institution directly.

How does someone assign a beneficiary to a TD Bank account?

How do I add a beneficiary to my TD bank account?You can certainly add a beneficiary to your existing TD Checking account. To add one or more than one beneficiary, just visit a TD Bank Store during lobby hours. Please make sure you have the information of the individual(s) you are adding as the beneficiary. Information such as their name, address, and date of birth.Who can be added as a beneficiary to my TD Direct Investing RESP account?[When evaluating beneficiaries you want to add, first we need to determine your relationship to the person you are adding to the plan. All TD Direct Investing RESP accounts are Family Plans, and thus there are certain limitations or guidelines as to acceptable subscriber-beneficiary relationships. They are:Parent to ChildLegal Guardian to ChildGrandparent to GrandchildGrandparent to Multiple GrandchildrenAdditional Information:A beneficiary can be added to an RESP if it meets the acceptable subscriber-beneficiary relationship. A CESG form is required to add the beneficiary, along with the Schedule A. Forms can be completed and provided to TD Direct Investing.Please note: A Beneficiary age 21 or over cannot be added to an RESP. The only exception would be if they are an existing beneficiary on another RESP that is being transferred into the existing TD Direct Investing RESP or New TD Direct Investing RESP.]

How is the ISRO interview for the post of scientist/engineer 'SC' for chemical?

17–05–2018VSSC Training complex, Thiruvananthapuram.After the document verification process, I was allotted serial no 8 for the interview.Had a great conversation (mostly comic) with fellow candidates that eased out all the stress I was having & I entered the room with full confidence.The panel consisted of 10 members, only 5 asked questions.I1: Okay Akshay, Tell me about yourself.Me: Briefly spoke about my college, schooling, final year project & internship.I1: Okay, can you write down any 3 subjects of your choice?Me: Yes sir, *wrote HT, FM & Thermo*I1: Coming to FM, can you tell me about Newtonian & Non-Newtonian fluids? You can use the board.Me: *wrote Newton's law of viscosity* The fluid which follows Newton’s law of viscosity is Newtonian & which doesn’t is Non-Newtonian. We can write a general equation for all Newtonian & Non- Newtonian fluids (Ostwald’s equation).I1: Draw the velocity profile for both type of fluids and show their variation with Reynold’s no.Me: Drawn and explained.I1: What is the difference between Reciprocating and centrifugal pump?Me: Explained.I1: How will you find the Power required by a pump taking fluid from one reservoir and discharging in another which is at some height from the pump? Draw the diagram and mark the points.Me: Explained.I2: Now switching to Heat Transfer, What is a Shell & Tube Heat Exchanger?Me: Explained.I2: What does 1–2 Shell & Tube HE means? Draw a 1–2 HE and explain how the shell & tube fluids will move in it.Me: Explained.I2: What if we employ baffles? What will happen to heat transfer?Me: Explained.I2: And how will we find the overall HT coefficient?Me: Explained.I2: And individuals?Me: Explained.I2: What is analogous to Prandtl and Nusselt no. in mass transfer?Me: Sir, Schmidt no. & Sherwood no. resp.I3: What exactly was your project? How did you treat water?Me: Explained the whole project, it’s principle and result.I3: What is Aim?Me: Sir, Aim is to remove hardness from water using electrocoagulation.I3: No, I Mean M (Yem), pointing at the equation written on board.Me: Oh, sorry sir, M is any electrode metal, here Al & Fe. * Accent :p *I3: Is it economical?Me: Yes sir, the cost came out to be Rs.48/m^3 of water, that’s pretty economical.I4: What is Seebeck effect?Me: Didn’t know that.I4: And Peltier effect?Me: Explained Seebeck effect here :p Actually, both are opposite to each other.*I4 started smiling*I4: What is cyclone separator? What is it’s principle? How does the gas moves inside and how the separation occurs?Me: Explained.I5: Okay Akshay, Write down the transfer function of a first order system and draw the response for a step input.Me: DoneI5: What if we use P, PD and PID controllers here? Draw the response for each one of them and explain why it looks like this?Me: Explained.I1: Okay Akshay, Thank you !*Thanked everyone and left*Overall, the interview went very well, it took about 25 mins.Result: Not selected, didn’t expect it after such an interview.May be because I dropped after B.Tech (2013–17 batch), I remember they’ve asked about present employment status , gap after degree (if any) in their TA form.**Final year students can’t apply**So, if you are not working or pursuing M.Tech, you might end up disappointed !Hope it helps.

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