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How do you open GIC Account for Canada?
How To Purchase a GIC For Study In Canada?
- Step 1: Register for bank secured email service.
- Step 2: Submit the Student GIC Program Application.
- Step 3: Fund your account.
- Step 4: Apply for Study Permit/Visa.
- Step 5: Complete the documentation formalities in Canada.
How can I activate my GIC account?
Once funds are deposited into your Investment account, we will send you an email with an “Investment Directions Confirmation” which you will use to obtain your Study Permit. Once you have your study permit and move to Canada, make an appointment to visit a Scotiabank branch of your choice and activate your account.
How can I deposit money in my GIC account?
Through your bank – Approach your bank in India where you hold a savings bank account. Place a request for “Money Transfer” to GIC Account abroad. Submit KYC document copies. Initiate fund transfer.
How to get a GIC in Canada?
Upon arrival in Canada, you must visit any of the bank branches to complete the documentation formalities, i.e. to open a personal bank account with an ICIC Bank Canada or Scotia Bank branch and issuance of the GIC.
How do I open a GIC account with Scotiabank?
Scotia Bank GIC Account Activation After receiving your study permit and moving to Canada, make an appointment to visit any branch of Scotiabank to activate your account. The bank will open you a personal deposit account using your identification/documentation.
How much can I invest in a GIC with CIBC?
With the CIBC Student GIC Program, you can transfer $10,000 CA to $20,000 CA. Transfer $10,000 CA with no foreign currency transaction fees. When you visit a CIBC Banking Centre, we’ll deposit $2,000 CA into your account. We’ll invest the remaining $8,000 CA into GICs.
Can I transfer money from Indian bank account to GIC in Canada?
Yes, ExTravelMoney can transfer money from Indian bank account to GIC account in Canada. We regularly facilitate such transactions for Indian students going to study abroad in Canada and are well versed with GIC Account transfers. 3.