A Guaranteed Investment Certificate, also known as GIC, is a Canadian investment that has a guaranteed rate of return for a fixed period of time. A GIC of minimum CAD 20,635 (outside Quebec) is mandatory for students applying for Canada Study Visa through Student Direct Stream (SDS). CIBC Student GIC is one of the best ways for a Canada Study Permit applicant to prove availability of funds.
CIBC STUDENT GIC for Study Permit:
It is important that the bank that is issuing the GIC meets all the criteria, otherwise the GIC investment won’t be accepted as valid proof of funds by IRCC. CIBC is one of the BIG 5 banks of Canada and offers the best Student GIC Program with a high-interest rate. The CIBC’s no-fee student GIC meets all requirements listed by IRCC. It provides a digital GIC certificate that can be uploaded with the study permit application as proof of funds. The funds are held with the bank and can be accessed upon arrival in Canada as per GIC’s terms and conditions.
CIBC Student GIC Application Process:
With CIBC, applicants get GIC faster, cheaper and easier. The process to apply for CIBC Student GIC is extremely simple. Click Here to open a Student GIC with CIBC. There are two steps to this process. First is submitting the GIC application and second is making the wire transfer.
CIBC Student GIC Application Form Submission:
Step 1: Choose Student GIC program, enter amount and select your country. Choose Payment Option. Your foreign currency conversion rate will be locked for next 20 minutes. Click STUDENT INFORMATION to go to next step.
Step 2: Enter Student Information and Referral Details. For Referral Details, you can use GOCANADA25@gmail.com as referral email id to earn $25 in your GIC account. Click PAYMENT SUMMARY to go to next step
Step 3: Review Payment Summary and Click Submit.
After you submit the GIC application, you will receive an email from CIBC within next 2-3 days that will contain the account number to which you will have to transfer the funds.
CIBC Student GIC Account Wire Transfer:
- Final step is to wire the funds to the account mentioned in the CIBC email. it is important to follow the instructions given in the email. Otherwise the account opening may get delayed or rejected.
- After the successful wire transfer of funds, CIBC will send a mail, usually within a week, containing the confirmation of GIC investment.
CIBC STUDENT GIC Application – Step by Step process explained (HINDI)
CIBC Student GIC 25$ OFFER:
EARN 25$ when you open a CIBC Student GIC.
Use gocanada25@gmail.com as a referral email id to earn CAD 25 with your Student GIC.
Click here for more details about Student GIC
Click here to compare International Student GIC Programs in Canada
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