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Can we pay GIC from parent account?
Money sent to fund your GIC with Scotiabank in Canada must come from your own bank account in your home country. Funds transferred from the bank account of third parties (e.g. parents name only, relatives and/ or friends) will be rejected.
How do I transfer money to 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.
Can we pay GIC through Western Union?
Pay GIC via any good Forex services like Western Union, ESSEL Finance etc. They won’t ask for your PAN card & at the same time they are safe too.
How do I pay my GIC in 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.
Can we pay GIC without pan?
This is to inform you that every student must have their own personal/ individual account in a bank and a PAN card as it is mandatory while you pay your GIC deposit. Also ask them to apply for PAN card as it takes 15 to 25 days to issue.
Can I transfer money from Indian Bank to Canadian bank?
A Resident Indian is allowed to transfer up to USD 2,50,000 equivalent in Canadian Dollars from India to Canada. The money can only be transferred for some specific purposes such as study abroad, maintenance expenses abroad, medical expenses abroad etc under the FEMA and LRS scheme of RBI.
Is GIC account mandatory for Canada?
Yes, GIC is made compulsory in order to qualify for a student visa to study in canada. They usually do not consider an application without GIC as GIC acts as a saving account that offers fixed returns to all eligible candidates over a period of time.
How can I Fund my GIC account in Canada?
Fund the ‘Canada Student GIC Program’ account with C$10,000, plus C$150 as processing fee using any bank account in India. ** The money sent to fund your GIC account with ICICI Bank or Scotia Bank in Canada must come from the student’s account or joint account held by the student in India.
Can a student open a GIC account under ICICI Bank Canada student account?
No. Under the ICICI Bank Canada Student GIC Program, the Student Account can only be opened in the name of the student who is applying for a study permit under the Student Direct Stream. How do I follow up about my application status?
What is GIC for Indian students in Canada?
It is for Indian students who aspire to study in the SPP (Student Partners Program) colleges in Canada. In this article, we have explained the GIC significance, from where you can buy it, the GIC application process and how HDFC Credila can help you.
Why do I need a GIC for my Canadian visa application?
If you are applying to colleges in Canada under the Student Direct Stream you must purchase a GIC to fulfil the proof of funds requirement for your Canadian visa/study permit application.