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When to open a GIC account ?

When to open a GIC account ?

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1 Answers Reply
  • Arman Shah
  • 11 months ago

Once a student receives his Letter of Acceptance or Offer Letter from a Canadian College or University, they have to apply for their GIC account, where they have to deposit CA$10,000 (it is the minimum amount by IRCC) and CA$150-CA$200 as a program fee depending on the Bank. Most of the students prefer to open an account in the Royal Bank of Canada (RBC) through Abroad Cube because they give higher interest rates compared to other banks and process the GIC Certificate in one day on receipt of payment. To open your RBC GIC Account, please consult Abroad Cube at the earliest.

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