Open GIC Account at CIBC With Zero Service Fee & Earn Exclusive GyanDhan Referral Bonus | GyanDhan

If you are aspiring to study in Canada, you must have various key information about the admission process, education loans, accommodation options, etc. In addition to it, you must know about the investment account that can help you get the study permit for Canada- GIC. All overseas students have to deposit their one year’s living expenses into any Canada-based bank in order to qualify for a Canada student visa and GIC is considered the best way to meet the requirement. GIC stands for Guaranteed Investment Certificate. It is an investment account recommended for international students who want to pursue Canadian study programs that come under the SDS (Student Direct Stream).

This is a companion discussion topic for the original entry at

Can GIC account be opened through an Indian bank?

Do we get any interest on the GIC amount?

No. The bank should be a recognized Canadian bank such as Canadian Imperial Bank of Commerce or SBI Canada.

Yes, a pre-defined interest is accrued till the maturity of the GIC account. No interest is paid after the maturity of the account.