GIC Canada for Indian Students

The Guaranteed Investment Certificate (GIC) is an essential financial requirement for Indian students applying for a study permit in Canada under the Student Direct Stream (SDS). A GIC serves as proof of sufficient funds to support living expenses during the initial year of study. Indian students typically deposit CAD 10,000 in a Canadian bank, such as Scotiabank or ICICI Bank Canada, which is gradually disbursed in installments once they arrive in Canada. This secure financial arrangement simplifies the visa process and ensures students have access to funds for accommodation, food, and other essentials while pursuing their education.