Yes, opening an account in CIBC bank is free of cost if you pay INR. But if a student deposits a GIC amount in Canadian Dollars, CIBC imposes CA$150 as a processing fee for international students. Their exchange rate is unpleasant if you pay INR, and you might lose more than CA$200. It's recommended to pay in Canadian Dollars to save your money. To open your GIC Account with maximum savings, you can reach out to Abroad Cube.
