Is GIC account mandatory for Canada Student Visa ?

A GIC account is mandatory for a Canada Student visa if you apply under the SDS stream. IRCC sees this as an assurance of living expenses for international students. On reaching Canada, the bank will open your account and start transferring monthly payments to the same account from your GIC account. The RBC bank is best among all banks because of their high interest rate (4.55%) and low processing time (2 days). To open your GIC account in India, reach out to Abroad Cube and share the necessary documents.Apply Now