How much time it takes to open a GIC account ?
The whole process to open a GIC account in India takes approximately 2 to 10 days, depending on the bank. The Royal Bank of Canada (RBC) has the fastest processing speed among all Canadian Banks for GIC accounts. This bank accepts the request to open a GIC account in just one day and sends the payment instructions simultaneously. Additionally, they give you GIC certificates a day after receiving the payment. In contrast, institutions like Scotia Bank and SBI Canada Bank take almost 7 to 10 days to accept/reject the request to open a GIC account. Once the letter is received, they take around 4 to 5 days to generate the GIC Certificate. So, to get a GIC Certificate faster, please contact Abroad Cube to open your RBC GIC Accountwithin 2 days.