GIC Payments to Canada
GIC Payments to Canada
Canada stands as the best destination for education as more than half a million international students fly out from all across the globe. No wonder GIC payments to Canada is so popular making it highly demanding in the industry. High quality of life, best immigration openings, budgeted education fee, large number of globally recognised colleges and most attractive part is the high opportunity to work once you complete your studies.
Once you have made up your mind for studying in Canada then you have 2 options SPP and non SPP or general. Students Partnership Program or SPP and non-SPP among which SPP needs detailed proof of funds or GIC payment to Canada proof is required whereas the other one does not. Educational loan, other investments and savings in the form of deposits in bank are call considered as the financial assets that could be placed as a proof of funds.
Students aspiring to study in Canada have always been confused with GIC payments. Many are looking mediators and other sources to get it done. It is most essential to gather more information about the Canada GIC and how it works, before diving headlong to go for GIC payments to Canada. Try exploring a bit through all your online resources to learn further and proceed with confidence.
How to start a GIC account in Canada?
Most of the Banks in Canada offers online process to start GIC accounts, you have to prefer a bank with wide network especially in your staying area. After the opening of GIC account bank will provide account with payment instruction to the GIC account to get your GIC payments to Canada credited.
How much GIC payments to Canada is required?
Canadian embassy often suggest at least an amount of $10, 000 CAD as the GIC payments to Canada for student’s visa. Students deposit this amount which ranges from $10,000 CAD to $50,000 CAD in their savings account. Students’ registration process requires the student to deposit at least $10,000 CAD with registered Canadian embassy and the authorized lender.
What is GIC?
Guaranteed Investment Certificate popularly known as GIC is an investment scheme that recommends international aspirants of overseas education specially in Canada.
A Guaranteed investment certificate popular as GIC, is an investment account offered by Canadian banks mainly for the international students. Canadian government has started this initiative mainly for students who are pursuing Study Direct Stream program or SDS program. In this program student has to deposit the amount in the account considered to meet their living expense for one year. This account acts more like a saving account which offer fixed amount to all eligible candidates.
Usually students deposit a fixed amount of money in this account which could range from CAD 10000 to 50000 depending upon banks. This money would be released to the student on every month proportionally for their study and living expense which includes interest rate.
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Do you need a GIC account to make GIC payments to Canada?
You can apply either through Study Direct Stream Program (SDS) or General Application for each College.
SDS initiated by Canadian Government empowers you to apply to Canadian Universities easily and also for visa processing. No wonder students applying under SDS have more choice of colleges rather than through General Applications.
GIC account is mandatory only for those students pursuing education in Canada under SDS stream. Students can opt for General Applications also, but has to go through a tedious process of, first identify a particular college, course and then apply for it. Student have to make separate applications for each college. SDS initiated by Canadian Government empowers you to apply to Canadian Universities easily and also for visa processing. No wonder students applying under SDS have more choice of colleges rather than through General Applications.
How to buy a GIC to study in Canada?
- Open an account with a secured mail
- Place your GIC program Application
- Deposit the amount to your account for GIC payments to Canada
- Now it’s time to apply for your Visa or study permit
- Finish the requisite documentation
How we can send money to a GIC account in Canada from India?
Get in touch with one of the best service provider who gives reliable services near your location and ensure that the agent is authorized by Reserve Bank of India to do this service.
How to make your GIC Payments to Canada?
You are sure to possess a savings account in your home town. Place a request for send money abroad for GIC payments to Canada. Submit all you requisite documents to start the money transfer.)
How much time does it take to get GIC certificate?
Once all you documentation is successfully complete. You will get your GIC certificate within 5- 10 working days.
GIC payments to Canada is gaining momentum and expected to raise in demand even in the coming years. GIC stands as an assurance to the government of Canada that you have enough money in your account to take care of your living expenses for at least a tenure of one year in Canada. Your GIC helps you to have a quick processing of your Canadian Visa/study permit
Unimoni India helps Indian students heading to Canada send money to their GIC accounts quickly at cheapest rates and with minimum charges. For more information on how to apply for the Student GIC and details on how it works, please feel free to get in touch with us by visiting our website https://www.unimoni.in/ and put a query or chat with us at the toll-free number 1800 102 0555 or WhatsApp us at +91 9946086666 or mail us at email@example.com.