The eligibility is currently extended to students holding a valid passport from the following nations:
Antigua and Barbuda, Brazil, China, Colombia, Costa Rica, India, Morocco, Pakistan, Peru, the Philippines, Senegal, Saint Vincent and the Grenadines, Trinidad and Tobago, or Vietnam.
What is student GIC Canada?
A streamlined financial solution for international students. This short-term investment provides access to funds for those planning to study in Canada.
This program offers aspiring students from selected countries a straightforward financing option for their one-year educational pursuits in Canada, amounting to CAD 10,000.
Tailored for international students, the Student GIC ensures CAD 10,000 for one-year academic programs in Canada
The GIC acts as proof of financial stability, speeding up the student permit process
Access funds for both your educational and living expenses effortlessly
Enjoy fixed returns and interest over one year through the ICICI Bank Student GIC Program
Enhance your investment with the GIC- a secure choice that guarantees your principal and interest for a set period, just like a fixed deposit.
Start a fee-free account from home with the Student GIC program
Verify online, in-person at bank branches, or at over 7,000 Canada post locations. Online activation is exclusive to Android and the website
Enjoy automated monthly fund transfers and receive your debit card before traveling
Benefit from access to over 3,600 ABMs in Canada and round-the-clock customer service in India and Canada
Receive a certificate within 24 hours as evidence of finances for your study permit
Obtain a CAD 1,000 credit card with no annual fees and the opportunity to earn cash back rewards
MSM Unify has simplified the process of obtaining a student GIC from ICICI Bank:
Easily apply online to set up your student account. Use your username, email address, and password for subsequent logins.
Once you fund your account, you’ll receive the proof of funds in your secure mailbox.
Account activation in Canada: Activate your account by downloading the app and opting for either online or in-person verification. Note that online activation is supported only on the website and Android devices.
*Please visit the official website for updated information.
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A Student Guaranteed Investment Certificate is a financial document required by the Canadian government for international students planning to study in Canada. It serves as proof that students have sufficient funds to cover their living expenses during their study period. It is an important requirement for obtaining a study permit and pursuing studies in Canada. Read ahead to learn more about student GIC:
A Student GIC (Guaranteed Investment Certificate) is a financial document required by the Canadian government for international students to study in Canada.
The Student GIC serves as proof of your financial capacity to cover living expenses while studying in Canada.
No, the funds in the Student GIC are not accessible until you arrive in Canada and fulfill the necessary requirements.
Once you arrive in Canada, the funds from your Student GIC will be released to you in installments to cover your living expenses.
No, the Student GIC is specifically for covering your living expenses during your study period in Canada. Tuition fees are separate and should be paid to the respective educational institution.
If you have remaining funds in your Student GIC after completing your studies, you can access them according to the terms and conditions set by the bank.
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