Compare trusted Canadian banks, get expert guidance and open your Student GIC hassle-free for a smooth study in Canada journey.
Select your preferred Canadian bank from the dropdown and proceed directly to the official GIC application portal.
Compare options from leading Canadian banks. All providers meet the IRCC GIC requirements.
A quick comparison to help you choose the right provider. For latest details, check the respective bank's website or talk to our experts.
| Key Features |
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Meets IRCC GIC requirements
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Online application available
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INR transfer support
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Account opening
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CAD 6,948 | CAD 8,448 | CAD 7,448 |
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Payout structure
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12 × CAD 1,375 / mo | 10 × CAD 1,500 / mo | 10 × CAD 1,600 / mo |
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Qualifying nationalities
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9 Countries / Regions | 26 Countries | 13 Countries |
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Customer support
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Program Fees
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Free | Free | CAD 150 |
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Apply with Expert
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A Guaranteed Investment Certificate (GIC) is a fixed deposit offered by Canadian banks to international students. It is a mandatory financial requirement for your Canada study visa and helps cover your living expenses during the first year of study in Canada.
Open your Canada GIC in just a few simple steps with our expert guidance.
Compare top Canadian banks (RBC Royal Bank, TD Bank, and BMO) and select the one that suits you.
Provide your passport and official Letter of Acceptance (LOA). Our experts will guide you with the application process.
Make the payment as per the provider's instructions (USD/CAD/INR options) with lowest interbank forex rates.
Get your official GIC confirmation certificate and documents ready for your Canada study visa application.
Testimonials
University of Toronto
Canada
University of British Columbia (UBC)
Canada
University of Waterloo
Canada
McGill University
Canada
Western University
Canada
University of Alberta
Canada
Understand official IRCC living cost thresholds (CAD 23,448), compare approved Canadian banks, learn how to transfer funds, and review arrival payout schedules.
A Guaranteed Investment Certificate (GIC) is a Canadian investment account that offers a guaranteed rate of return over a fixed period:
Key remittance planning details to ensure seamless certificate generation:
The Canadian GIC process is entirely digital and completed before you travel:
Select your preferred Canadian bank (RBC Royal Bank, TD Bank, or BMO) based on fees and transfer preferences.
Provide your passport copy and official Letter of Acceptance (LOA) with your Designated Learning Institution (DLI) number.
Remit CAD 23,448 plus the wire buffer via local INR transfer or international outward wire at live interbank rates.
Receive your official GIC Confirmation Certificate within 24 to 48 hours for immediate submission with your study permit.
IRCC requires GIC funds to be disbursed systematically over 10 to 12 months to support your living expenses:
Visit your bank branch with your passport, study permit issued at airport immigration, and welcome letter (or complete mobile biometric check).
TD Bank releases CAD $8,448, BMO releases CAD $7,448, and RBC releases CAD $6,948 immediately into your student chequing account upon activation.
TD Bank pays 10 monthly installments of CAD 1,500, BMO pays 10 monthly installments of CAD 1,600, and RBC pays 12 monthly installments of CAD 1,375 plus interest.
Collect your Social Insurance Number (SIN) and activate your student credit card to begin establishing your Canadian credit history.
Your funds are 100% safe and refundable under Canadian banking regulations:
What to do if your study timeline or institution changes:
Common questions international students ask about opening a Student GIC in Canada.
Our student advisors are ready to help you choose the right bank for free.
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