Study in Canada

Guaranteed Investment Certificate (GIC)

The GIC or Guaranteed Investment Certificate is scheme which is recommended for international students who wish to study in Canada in courses which come under the Student Direct Stream (SDS) policy. Under this students are required to deposit their one year’s living expenses into a Bank located in Canada in order to qualify for a student visa to study in Canada.

GIC accounts are basically savings accounts which offer fixed returns to all the eligible candidates over a period of time.

This is a compulsory requirement which all students need to fulfil if they plan on pursuing a course under the student direct stream. The Canadian embassy has recommended a minimum of $10,000 CAD as the GIC amount for Canada student visa.

is scheme which is recommended for international students who wish to study in Canada in courses which come under the Student Direct Stream (SDS) policy. Under this students are required to deposit their one year’s living expenses into a Bank located in Canada in order to qualify for a student visa to study in Canada.

GIC accounts are basically savings accounts which offer fixed returns to all the eligible candidates over a period of time.

This is a compulsory requirement which all students need to fulfil if they plan on pursuing a course under the student direct stream.

The Canadian embassy has recommended a minimum of $10,000 CAD as the GIC amount for Canada student visa.

Banks that offer GIC in India

  • ICICI Bank
  • Canadian Imperial Bank of Commerce (CIBC)
  • SBI Canada
  • Scotiabank
  • HSBC Bank of Canada