{"id":2004,"date":"2025-01-02T09:55:21","date_gmt":"2025-01-02T09:55:21","guid":{"rendered":"https:\/\/www.greentreeimmigration.com\/blog\/?p=2004"},"modified":"2026-01-10T11:16:14","modified_gmt":"2026-01-10T11:16:14","slug":"gic-for-canada-study-visa-requirements-process-2025","status":"publish","type":"post","link":"https:\/\/www.greentreeimmigration.com\/blog\/gic-for-canada-study-visa-requirements-process-2025\/","title":{"rendered":"GIC for Canada study visa Requirements, Process 2026"},"content":{"rendered":"<p><span style=\"font-weight: 400; font-size: 14pt;\">Canada is an ideal location for international students, offering high-quality education, promising job prospects, and a multicultural atmosphere. However, starting higher education in Canada requires thorough planning and determination.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">For a smoother process, it\u2019s beneficial to understand the Canada Study Visa Requirements set out by the Canadian Government. The Canada Student Visa GIC is one such requisite. Here&#8217;s all the vital information you need to know about this essential document.<\/span><\/p>\n<h2><b>What is GIC for a Canada Study Visa?<\/b><\/h2>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">A Guaranteed Investment Certificate (GIC) obtained through the International Student GIC Program is a secure financial investment supporting your education and living costs in Canada. It also demonstrates to the Canadian government that you have enough funds to support these expenses.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.greentreeimmigration.com\/contact.php\"><strong><button type=\"button\">Get GIC Details Now<\/button><\/strong><\/a><\/p>\n<h2><b>Is GIC compulsory for a Canada Student Visa?<\/b><\/h2>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">Yes, providing proof of a Guaranteed Investment Certificate (GIC) is compulsory for Indian students <a href=\"https:\/\/www.greentreeimmigration.com\/canada-study-visa.php\">applying for a Canadian study visa<\/a> under the Student Direct Stream (SDS) program. The minimum required funds for opening a GIC Canada permit is $20,635 CAD. However, having a GIC account for a non-SDS stream is not mandatory. Having a GIC account for your study visa needs would be an added advantage while applying through Non-SDS. Hence, the GIC account for Canada study visa is mandatory.\u00a0<\/span><\/p>\n<h2><b>Which financial institutions offer eligible SDS GIC account openings for international students?<\/b><\/h2>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">The financial institutions that offer eligible SDS GIC for Canada study visas must have met certain eligibility criteria. The list of banks that offer GIC account openings is mentioned below:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; font-size: 14pt;\">Canadian Imperial Bank of Commerce (CIBC)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; font-size: 14pt;\">ICICI Bank\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; font-size: 14pt;\">Scotiabank\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; font-size: 14pt;\">SBI Canada Bank<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; font-size: 14pt;\">Simplii Financial<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; font-size: 14pt;\">HSBC Bank<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; font-size: 14pt;\">Royal Bank of Canada<\/span><\/li>\n<\/ul>\n<h2><b>What are the eligibility requirements for opening a GIC account for a Canada Study Visa?<\/b><\/h2>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">The basic GIC requirements for Canada Student Visa are listed below:<\/span><\/p>\n<ol>\n<li><span style=\"font-size: 14pt;\"><b> <\/b><span style=\"font-weight: 400;\">The student must be enrolled in a Canadian Designated Learning Institution (DLI).\u00a0<\/span><\/span><\/li>\n<li><span style=\"font-size: 14pt;\"><b><\/b><span style=\"font-weight: 400;\"> The student must have an acceptance letter from the Canadian University or college.<\/span><\/span><\/li>\n<li><span style=\"font-size: 14pt;\"><b><\/b><span style=\"font-weight: 400;\"> The student needs to provide proof of payment made for his\/her first-year tuition fees.<\/span><\/span><\/li>\n<li><span style=\"font-size: 14pt;\"><b><\/b><span style=\"font-weight: 400;\"> They must have a Guaranteed Investment Certificate (GIC) from any participating Canadian bank.\u00a0<\/span><\/span><\/li>\n<li><span style=\"font-size: 14pt;\"><b><\/b><span style=\"font-weight: 400;\"> The student must possess evidence of having <\/span><b>$20,635 CAD<\/b><span style=\"font-weight: 400;\"> for their living expenses for the first year in Canada, excluding tuition fees.<\/span><\/span><\/li>\n<\/ol>\n<p><span style=\"font-size: 14pt;\">Students from India, China, Morocco, Pakistan, the Philippines, Senegal, or Vietnam can get their study permits faster by applying online through the Student Direct Stream. Check your eligibility with our study abroad consultants.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Check out the <a href=\"https:\/\/www.greentreeimmigration.com\/blog\/how-much-bank-balance-is-required-for-canada-study-visa\/\">bank balance required for Canada study visa<\/a> and other fees required for the application process.<\/span><\/p>\n<h2><b>What are the documents required for opening a GIC account?<\/b><\/h2>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">The document checklist required for opening a GIC account includes:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Valid passport<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Government-issued identity proof<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Proof of college enrollment, such as a Letter of Acceptance (LOA)<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Proof of financial support<\/span><\/li>\n<li><span style=\"font-weight: 400; font-size: 14pt;\">Medical Clearance Certificate<\/span><\/li>\n<\/ul>\n<h2><b>How much GIC is required for a Canada Student Visa in 2026?<\/b><\/h2>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-weight: 400;\">The GIC for Canada student visa funds have been updated effective from January 1, 2026, to<\/span><b> $20,635 CAD<\/b><span style=\"font-weight: 400;\">.<\/span><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-weight: 400;\">The processing fee for opening a GIC account is <\/span><b>$200 CAD<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/span><\/p>\n<h2><b>What steps are involved in opening a GIC account for a Canada Study Visa?<\/b><\/h2>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">There are four primary steps involved in the GIC process for Canada Study Visa:<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>Choose a bank: <\/b><span style=\"font-weight: 400;\">Pick a Canadian financial institution which offers GIC account opening.<\/span><\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>Apply online for your GIC account:<\/b><span style=\"font-weight: 400;\"> Most banks offer online applications for GIC account opening. You&#8217;ll need your passport and acceptance letter.<\/span><\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>Fund your account:<\/b><span style=\"font-weight: 400;\"> Transfer the minimum required amount to the bank (currently CAD $20,635).<\/span><\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>Receive confirmation:<\/b><span style=\"font-weight: 400;\"> The bank will send you a confirmation and GIC certificate.<\/span><\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>Submit with the visa application:<\/b><span style=\"font-weight: 400;\"> Include the GIC certificate with your study visa application.<\/span><\/span><\/li>\n<\/ul>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.greentreeimmigration.com\/contact.php\"><strong><button type=\"button\">Check GIC Requirements<\/button><\/strong><\/a><\/p>\n<h2><b>How can to obtain your GIC account for Canada Study Visa?<\/b><\/h2>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-weight: 400;\">A mandatory document essential for your Canada student visa can be obtained in a hassle-free manner. GreenTree Immigration, the <\/span><b>best study abroad consultancy<\/b><span style=\"font-weight: 400;\"> can help you simplify the process of obtaining your GIC for a Canada Study Visa in a few ways:<\/span><\/span><\/p>\n<ul>\n<li><span style=\"font-size: 14pt;\"><b>Guiding you through bank selection:<\/b><span style=\"font-weight: 400;\"> They can advise on banks with good reputations and experience handling GIC accounts for students. We also hold a few partnerships with top GIC-providing banks. <\/span><a href=\"https:\/\/www.greentreeimmigration.com\/canada-study-visa-consultant.php\"><b>Know more<\/b><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/span><\/li>\n<li><span style=\"font-size: 14pt;\"><b>Simplifying the application process: <\/b><span style=\"font-weight: 400;\">GreenTree can help with filling out online applications or understanding any required documentation.<\/span><\/span><\/li>\n<li><span style=\"font-size: 14pt;\"><b>Ensuring you meet requirements:<\/b><span style=\"font-weight: 400;\"> Our experience can help avoid delays by making sure you meet all the GIC investment and application requirements and apply for your Canada study visa.<\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 14pt;\">Make your Canadian study visa journey easier! GreenTree Immigration, the overseas education consultants, can guide you through obtaining your GIC and ensure a smooth application process. Book a free consultation today to get started!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada is an ideal location for international students, offering high-quality education, promising job prospects, and a multicultural atmosphere. However, starting higher education in Canada requires<\/p>\n","protected":false},"author":2,"featured_media":2091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[24,36],"tags":[32],"_links":{"self":[{"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/posts\/2004"}],"collection":[{"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/comments?post=2004"}],"version-history":[{"count":10,"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/posts\/2004\/revisions"}],"predecessor-version":[{"id":2704,"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/posts\/2004\/revisions\/2704"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/media\/2091"}],"wp:attachment":[{"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/media?parent=2004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/categories?post=2004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/tags?post=2004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}