{"id":8364,"date":"2026-03-08T14:34:24","date_gmt":"2026-03-08T14:34:24","guid":{"rendered":"https:\/\/www.extravelmoney.com\/blog\/?p=8364"},"modified":"2026-04-13T15:04:08","modified_gmt":"2026-04-13T15:04:08","slug":"gic-account-money-transfer","status":"publish","type":"post","link":"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/","title":{"rendered":"Best Way to Send Money to GIC Account Online for Indian Students"},"content":{"rendered":"\n
\"expert\n\t\t\t\n\t\t\t\t\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n\n

If you are applying for a Canada student visa, one of the most important financial requirements you will come across is a GIC Account. In this guide, we explain what a GIC account is, how it works, the best GIC providers, and how you can easily send money from India.<\/p>\n\n\n\n

Also Read: The Complete Guide For First Time Indian Students In Canada<\/a><\/strong><\/p>\n\n\n\n

<\/div>\n\n\n\n

What is a GIC Account and How Does It Work<\/h2>\n\n\n\n

A GIC (Guaranteed Investment Certificate) Account is a bank account that international students in Canada open to prove they have sufficient funds for living expenses as part of the student visa process.<\/p>\n\n\n\n

To open a GIC account, you must deposit CAD 10,000 – CAD 22,895 plus a processing fee of up to CAD 200 as specified by the bank and university.1<\/a><\/sup> <\/p>\n\n\n\n

Upon arriving in Canada, initially, the GIC account releases CAD 2000 – CAD 12,000 into your regular bank account, followed by fixed monthly payments of the remaining GIC amount for the next 12 months, including interest. <\/p>\n\n\n\n

Opening a GIC account is currently not mandatory for Canadian Student Visa. But proof of funds remains mandatory. While students can provide other financial proofs, experts suggest GIC-certified students have an advantage when applying for a visa<\/strong>.<\/p>\n\n\n\n

\"ExTravelMoney<\/a><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Best GIC Account Providers<\/h2>\n\n\n\n

Even though all GIC Account providers<\/a> serve the same purpose, each one offers unique features, fees, and processing speeds. Here\u2019s a quick breakdown of the most trusted names in the market.<\/p>\n\n\n\n

1. CIBC Bank<\/h3>\n\n\n\n

CIBC (Canadian Imperial Bank of Commerce) is one of the most student-friendly GIC providers in Canada. The setup is straightforward, and students can easily link their GIC to a no-fee monthly checking account. CIBC is often preferred for its simple process and strong digital banking support.<\/p>\n\n\n\n

2. Scotiabank<\/h3>\n\n\n\n

Scotiabank (The Bank of Nova Scotia) offers a well-structured Student GIC Program. It has a large branch and ATM network across Canada, providing students with easy physical access. Many students choose Scotiabank for its established reputation and strong newcomer banking packages.<\/p>\n\n\n\n

3. BMO<\/h3>\n\n\n\n

BMO (Bank of Montreal) provides a dedicated GIC service with student banking benefits, including no-fee checking options. BMO is known for its reliable service and clear step-by-step onboarding process, making it a solid choice for students who want long-term banking convenience.<\/p>\n\n\n\n

Bank<\/strong><\/td>Program Fee<\/strong><\/td>Investment Amount<\/strong><\/td>Account Opening Time<\/strong><\/td>Branches in Canada<\/strong><\/td><\/tr>
CIBC<\/td>1%<\/td>CAD 2,000 – CAD 50,000<\/td>24 Hrs<\/td>1050<\/td><\/tr>
Scotia Bank<\/td>CAD 150<\/td>CAD 20,635 – CAD 75,000<\/td>Less than 24 Hrs<\/td>900<\/td><\/tr>
BMO<\/td>CAD 155<\/td>CAD 22,895<\/td>2 – 4 Days<\/td>900<\/td><\/tr><\/tbody><\/table>
Swipe -><\/em><\/figcaption><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Ways to Send Money to a GIC Account<\/h2>\n\n\n\n

Choosing the right service provider can save you both time and money. Here are the most reliable options you can try;<\/p>\n\n\n\n

1. Indian Banks<\/h3>\n\n\n\n

Major banks such as SBI, HDFC, ICICI, and Axis allow international remittances directly from your bank account in the respective bank branch or via net banking. Even though banks are trusted and regulated, they charge higher exchange rate margins and additional fees.<\/p>\n\n\n\n

2. RBI-Authorised Money Changers \/ AD-II Agents<\/h3>\n\n\n\n

These agents usually offer better exchange rates, lower charges, and faster processing compared to banks. These money changers are best for students looking to save money. They are available both online and offline.<\/p>\n\n\n\n

3. Online Forex Marketplaces<\/h3>\n\n\n\n

Platforms like ExTravelMoney are online forex aggregators that offer a platform to compare rates across banks and AD-II agents, letting you choose the cheapest and quickest option. The benefits are that you get the lowest rates, transparent fees, full documentation support, and doorstep service.<\/p>\n\n\n\n

Also Read: Complete Guide to ICICI Globetrotter Student Insurance<\/a><\/strong><\/p>\n\n\n\n

<\/div>\n\n\n\n

How to Open a GIC Account and Send Money from India<\/h2>\n\n\n\n

You can open a GIC Account online from India effortlessly using ExTravelMoney by following these simple steps.<\/p>\n\n\n\n

    \n
  1. Register on our website by providing your name and email, and choose your preferred GIC Account Provider.<\/li>\n<\/ol>\n\n\n\n
      \n
    1. Our GIC Account expert will contact you shortly and take care of the account opening process on your behalf.

      <\/li>\n\n\n\n
    2. Upon successful GIC Account opening<\/a>, you will receive the GIC reference code via email.

      <\/li>\n\n\n\n
    3. Within 24 hours, you will receive the instruction sheet with the payment details for transferring the amount.

      <\/li>\n\n\n\n
    4. Use ExTravelMoney\u2019s outward remittance portal to choose the bank or AD II agent offering the best deal and transfer the amount to your GIC Account from the student’s or parent\u2019s account.

      <\/li>\n\n\n\n
    5. The funds shall reach your GIC Account within 24-48 working hours.<\/li>\n<\/ol>\n\n\n\n
        \n
      1. Once the money gets deposited in your GIC Account, you can upload the SWIFT Copy to the GIC portal.

        <\/li>\n\n\n\n
      2. Finally, you will receive the GIC Certificate within 2-5 working days (depending on the chosen bank), which you can use to apply for your Canada Student Visa.<\/li>\n<\/ol>\n\n\n\n
        <\/div>\n\n\n\n

        Processing Time Taken<\/h2>\n\n\n\n

        Typically, the GIC account opening varies according to the service provider. However, the process gets completed in 1-4 days.<\/p>\n\n\n\n

        Once you open an account, it takes approximately 24 to 48 working hours to transfer money to a GIC Account.<\/p>\n\n\n\n

        <\/div>\n\n\n\n

        Documents Required to Open a GIC Account<\/h2>\n\n\n\n
          \n
        1. PAN card (linked with Aadhaar)<\/li>\n\n\n\n
        2. Passport<\/li>\n\n\n\n
        3. University Acceptance Letter<\/li>\n<\/ol>\n\n\n\n
          \"\"<\/a><\/figure>\n\n\n\n
          <\/div>\n\n\n\n

          Documents Required to Send Money to a GIC Account<\/h2>\n\n\n\n
            \n
          1. Passport of the student<\/li>\n\n\n\n
          2. Pan Card of the sender<\/li>\n\n\n\n
          3. University Acceptance Letter<\/li>\n\n\n\n
          4. GIC Account Opening Letter<\/li>\n<\/ol>\n\n\n\n
            <\/div>\n\n\n\n

            Why Choose ExTravelMoney for GIC Account Opening<\/h2>\n\n\n\n
              \n
            1. Get a CAD 25 bonus<\/strong> on GIC account activation upon reaching Canada.
              <\/li>\n\n\n\n
            2. Get flat Rs 4000<\/strong> on the first fund transfer of a minimum CAD 10,000 to your CIBC GIC Account opened with ExTravelMoney.
              <\/li>\n\n\n\n
            3. The GIC experts at ExTravelMoney ensure step-by-step assistance<\/strong> in opening a GIC account and transferring funds.
              <\/li>\n\n\n\n
            4. Complete your transactions from the comfort of your home, online<\/strong>.
              <\/li>\n\n\n\n
            5. Compare rates<\/strong> from top Canadian banks to open a GIC account and the best Indian banks and RBI-authorised money changers to complete your money transfer.<\/li>\n<\/ol>\n\n\n\n
              <\/div>\n\n\n\n

              A GIC Account simplifies the proof of funds requirement for international students heading to Canada while also providing structured monthly payouts for living expenses. From selecting the best GIC provider to sending money safely from India, every step matters. With ExTravelMoney, you can easily open your GIC account and transfer funds quickly at the best exchange rates and offers with complete expert support.<\/p>\n\n\n\n

              \n
              Open GIC Account<\/a><\/div>\n\n\n\n
              Send Money to GIC Account<\/a><\/div>\n\n\n\n
              Pay University Fees<\/a><\/div>\n<\/div>\n\n\n\n

              Also Read: What Parents Need to Know About Overseas Tuition Payments<\/a><\/strong><\/p>\n\n\n\n

              <\/div>\n\n\n\n

              Article Sources:<\/em><\/p>\n\n\n

              1. Government of Canada Official Website<\/a> \u21a9\ufe0e<\/a><\/li><\/ol>\n\n\n
                <\/div>\n\n\n\n

                <\/p>\n","protected":false},"excerpt":{"rendered":"

                If you are applying for a Canada student visa, one of the most important financial requirements you will come across is a GIC Account. In […]<\/p>\n","protected":false},"author":18,"featured_media":8365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"[{\"content\":\"Government of Canada Official Website<\/a>\",\"id\":\"0cbcc08e-14bf-459e-a2fd-df03c3b9e8ee\"}]"},"categories":[34],"tags":[137],"class_list":["post-8364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-study-abroad","tag-gic-account-canada"],"yoast_head":"\nBest Way to Send Money to GIC Account Online for Indian Students<\/title>\n<meta name=\"description\" content=\"A complete guide to Canada GIC Accounts for Indian students. Learn how it works, best GIC providers, safest way to transfer money from India and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Best Way to Send Money to GIC Account Online for Indian Students\" \/>\n<meta property=\"og:description\" content=\"A complete guide to Canada GIC Accounts for Indian students. Learn how it works, best GIC providers, safest way to transfer money from India and more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/extravel\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-08T14:34:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-13T15:04:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/GIC-account-transfer.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1643\" \/>\n\t<meta property=\"og:image:height\" content=\"924\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ann Mariya Job\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ann Mariya Job\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/\",\"url\":\"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/\",\"name\":\"Best Way to Send Money to GIC Account Online for Indian Students\",\"isPartOf\":{\"@id\":\"https:\/\/www.extravelmoney.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/GIC-account-transfer.jpg\",\"datePublished\":\"2026-03-08T14:34:24+00:00\",\"dateModified\":\"2026-04-13T15:04:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.extravelmoney.com\/blog\/#\/schema\/person\/ade467876e30c4017219bd4876937c77\"},\"description\":\"A complete guide to Canada GIC Accounts for Indian students. Learn how it works, best GIC providers, safest way to transfer money from India and more.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/#primaryimage\",\"url\":\"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/GIC-account-transfer.jpg\",\"contentUrl\":\"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/GIC-account-transfer.jpg\",\"width\":1643,\"height\":924,\"caption\":\"expert guide to open your GIC account and deposit cash\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.extravelmoney.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Best Way to Send Money to GIC Account Online for Indian Students\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.extravelmoney.com\/blog\/#website\",\"url\":\"https:\/\/www.extravelmoney.com\/blog\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.extravelmoney.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.extravelmoney.com\/blog\/#\/schema\/person\/ade467876e30c4017219bd4876937c77\",\"name\":\"Ann Mariya Job\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.extravelmoney.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/08\/cropped-Polish_20240828_190558143-scaled-1-96x96.jpg\",\"contentUrl\":\"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/08\/cropped-Polish_20240828_190558143-scaled-1-96x96.jpg\",\"caption\":\"Ann Mariya Job\"},\"description\":\"Ann Mariya Job is the Associate Content Writer at ExTravelMoney.com. Holding a Bachelor's in Journalism, she excels in creating deeply researched, engaging, and crisp content. Her work helps readers understand the complexities of foreign exchange, overseas money transfers, and international travel.\",\"url\":\"https:\/\/www.extravelmoney.com\/blog\/author\/ann-mariya\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Best Way to Send Money to GIC Account Online for Indian Students","description":"A complete guide to Canada GIC Accounts for Indian students. Learn how it works, best GIC providers, safest way to transfer money from India and more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/","og_locale":"en_US","og_type":"article","og_title":"Best Way to Send Money to GIC Account Online for Indian Students","og_description":"A complete guide to Canada GIC Accounts for Indian students. Learn how it works, best GIC providers, safest way to transfer money from India and more.","og_url":"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/","article_publisher":"http:\/\/facebook.com\/extravel","article_published_time":"2026-03-08T14:34:24+00:00","article_modified_time":"2026-04-13T15:04:08+00:00","og_image":[{"width":1643,"height":924,"url":"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/GIC-account-transfer.jpg","type":"image\/jpeg"}],"author":"Ann Mariya Job","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ann Mariya Job","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/","url":"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/","name":"Best Way to Send Money to GIC Account Online for Indian Students","isPartOf":{"@id":"https:\/\/www.extravelmoney.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/#primaryimage"},"image":{"@id":"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/#primaryimage"},"thumbnailUrl":"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/GIC-account-transfer.jpg","datePublished":"2026-03-08T14:34:24+00:00","dateModified":"2026-04-13T15:04:08+00:00","author":{"@id":"https:\/\/www.extravelmoney.com\/blog\/#\/schema\/person\/ade467876e30c4017219bd4876937c77"},"description":"A complete guide to Canada GIC Accounts for Indian students. Learn how it works, best GIC providers, safest way to transfer money from India and more.","breadcrumb":{"@id":"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/#primaryimage","url":"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/GIC-account-transfer.jpg","contentUrl":"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/GIC-account-transfer.jpg","width":1643,"height":924,"caption":"expert guide to open your GIC account and deposit cash"},{"@type":"BreadcrumbList","@id":"https:\/\/www.extravelmoney.com\/blog\/gic-account-money-transfer\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.extravelmoney.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Best Way to Send Money to GIC Account Online for Indian Students"}]},{"@type":"WebSite","@id":"https:\/\/www.extravelmoney.com\/blog\/#website","url":"https:\/\/www.extravelmoney.com\/blog\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.extravelmoney.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.extravelmoney.com\/blog\/#\/schema\/person\/ade467876e30c4017219bd4876937c77","name":"Ann Mariya Job","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.extravelmoney.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/08\/cropped-Polish_20240828_190558143-scaled-1-96x96.jpg","contentUrl":"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/08\/cropped-Polish_20240828_190558143-scaled-1-96x96.jpg","caption":"Ann Mariya Job"},"description":"Ann Mariya Job is the Associate Content Writer at ExTravelMoney.com. Holding a Bachelor's in Journalism, she excels in creating deeply researched, engaging, and crisp content. Her work helps readers understand the complexities of foreign exchange, overseas money transfers, and international travel.","url":"https:\/\/www.extravelmoney.com\/blog\/author\/ann-mariya\/"}]}},"jetpack_featured_media_url":"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/GIC-account-transfer.jpg","uagb_featured_image_src":{"full":["https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/GIC-account-transfer.jpg",1643,924,false],"thumbnail":["https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/GIC-account-transfer-150x150.jpg",150,150,true],"medium":["https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/GIC-account-transfer-300x169.jpg",300,169,true],"medium_large":["https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/GIC-account-transfer-768x432.jpg",768,432,true],"large":["https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/GIC-account-transfer-1024x576.jpg",1024,576,true],"1536x1536":["https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/GIC-account-transfer-1536x864.jpg",1536,864,true],"2048x2048":["https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2026\/03\/GIC-account-transfer.jpg",1643,924,false]},"uagb_author_info":{"display_name":"Ann Mariya Job","author_link":"https:\/\/www.extravelmoney.com\/blog\/author\/ann-mariya\/"},"uagb_comment_info":0,"uagb_excerpt":"If you are applying for a Canada student visa, one of the most important financial requirements you will come across is a GIC Account. In […]","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p88tmX-2aU","jetpack-related-posts":[{"id":2980,"url":"https:\/\/www.extravelmoney.com\/blog\/all-you-need-to-know-about-gic-account-in-canada-for-indian-students\/","url_meta":{"origin":8364,"position":0},"title":"All you need to know about GIC account in Canada for Indian Students","author":"Subhash Sivamani","date":"March 2, 2020","format":false,"excerpt":"Last Updated On: 17 March 2026 From September 1, 2025, the minimum GIC amount for students in all Canadian provinces and territories (except Quebec) is\u00a022,895 CAD\u00a0as per the official information from\u00a0Immigration, Refugees and Citizenship Canada (IRCC). For Quebec, if you apply as of January 1, 2026, the minimum amount required\u2026","rel":"","context":"In "Study Abroad"","block_context":{"text":"Study Abroad","link":"https:\/\/www.extravelmoney.com\/blog\/category\/study-abroad\/"},"img":{"alt_text":"GIC Account Canada all you need to know working what how amount","src":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2020\/03\/GIC-Account.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2020\/03\/GIC-Account.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2020\/03\/GIC-Account.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2020\/03\/GIC-Account.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":4740,"url":"https:\/\/www.extravelmoney.com\/blog\/canada-gic-2024-increased-to-cad-20635\/","url_meta":{"origin":8364,"position":1},"title":"Canada Doubles GIC Amount in 2024 To $20,635: Indian Students Impacted","author":"Subhash Sivamani","date":"January 9, 2024","format":false,"excerpt":"Starting from January 1 2024, the GIC amount required for international students in 2024, including those from India, will be CA$ 20,635 (\u20b9 12.83 lakhs) which is 2x the previous amount of CA$ 10,000 (\u20b9 6.22 lakhs).\u00a0 Here is a communication ExTravelMoney received from one of our Canadian GIC partners;\u2026","rel":"","context":"In "International Money Transfer"","block_context":{"text":"International Money Transfer","link":"https:\/\/www.extravelmoney.com\/blog\/category\/international-money-transfer\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/01\/Canada-Doubles-GIC-Amount-in-2024-To-20635-Indian-Students-Impacted.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/01\/Canada-Doubles-GIC-Amount-in-2024-To-20635-Indian-Students-Impacted.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/01\/Canada-Doubles-GIC-Amount-in-2024-To-20635-Indian-Students-Impacted.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/01\/Canada-Doubles-GIC-Amount-in-2024-To-20635-Indian-Students-Impacted.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/01\/Canada-Doubles-GIC-Amount-in-2024-To-20635-Indian-Students-Impacted.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":3783,"url":"https:\/\/www.extravelmoney.com\/blog\/gic-comparison-which-bank-best-for-indian-students-canada\/","url_meta":{"origin":8364,"position":2},"title":"GIC Comparison; Which Bank is Best For Indian Students in Canada?","author":"Subhash Sivamani","date":"February 2, 2024","format":false,"excerpt":"Last Updated On: 16 Mar 2026 From September 1, 2025, the minimum GIC amount for students in all Canadian provinces and territories (except Quebec) is\u00a022,895 CAD\u00a0as per the official information from\u00a0Immigration, Refugees and Citizenship Canada (IRCC). For Quebec, if you apply as of January 1, 2026, the minimum amount required\u2026","rel":"","context":"In "Study Abroad"","block_context":{"text":"Study Abroad","link":"https:\/\/www.extravelmoney.com\/blog\/category\/study-abroad\/"},"img":{"alt_text":"GIC Program Comparison; Which Bank is Best For Indian Students in Canada?","src":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2021\/06\/Which-Bank-is-Better-For-GIC.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2021\/06\/Which-Bank-is-Better-For-GIC.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2021\/06\/Which-Bank-is-Better-For-GIC.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2021\/06\/Which-Bank-is-Better-For-GIC.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2021\/06\/Which-Bank-is-Better-For-GIC.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":2822,"url":"https:\/\/www.extravelmoney.com\/blog\/guide-indian-students-canadian-university-admissions\/","url_meta":{"origin":8364,"position":3},"title":"A-Z Guide To Indian Students For Canadian University Admissions","author":"Roshni Zainaba","date":"January 7, 2020","format":false,"excerpt":"Last Updated On: 17 Mar 2026Canada has been a popular destination for Indian students looking to study abroad. This is because Canada has a wide range of educational opportunities, good job prospects and easy immigration options. As per University World News , 137,608 Indian students enrolled for higher education in\u2026","rel":"","context":"In "Study Abroad"","block_context":{"text":"Study Abroad","link":"https:\/\/www.extravelmoney.com\/blog\/category\/study-abroad\/"},"img":{"alt_text":"A-Z-Guide-To-Indian-Students-For-Canadian-University-Admissions","src":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2020\/01\/A-Z-Guide-To-Indian-Students-For-Canadian-University-Admissions.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2020\/01\/A-Z-Guide-To-Indian-Students-For-Canadian-University-Admissions.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2020\/01\/A-Z-Guide-To-Indian-Students-For-Canadian-University-Admissions.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2020\/01\/A-Z-Guide-To-Indian-Students-For-Canadian-University-Admissions.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":5707,"url":"https:\/\/www.extravelmoney.com\/blog\/valid-purposes-for-indians-to-send-money-abroad\/","url_meta":{"origin":8364,"position":4},"title":"Top 10 RBI Purpose Codes and Reasons for Sending Money Abroad from India","author":"Ann Mariya Job","date":"June 12, 2024","format":false,"excerpt":"Can a person send funds abroad from India freely for any reason without any restrictions? The answer is a big \u201cNO\u201d. You are allowed to make international transactions only for the purposes listed by RBI. So a remitter must always mention the reason to the bank or service provider. Read\u2026","rel":"","context":"In "International Money Transfer"","block_context":{"text":"International Money Transfer","link":"https:\/\/www.extravelmoney.com\/blog\/category\/international-money-transfer\/"},"img":{"alt_text":"Hand holding a folded U.S. dollar bill shaped like an arrow, representing international money transfer, with the text 'Pick the Right Code for the Right Reason'","src":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/06\/10-VALID-MONEY-TRANSFER-PURPOSES-and-RBI-Codes.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/06\/10-VALID-MONEY-TRANSFER-PURPOSES-and-RBI-Codes.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/06\/10-VALID-MONEY-TRANSFER-PURPOSES-and-RBI-Codes.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/06\/10-VALID-MONEY-TRANSFER-PURPOSES-and-RBI-Codes.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/06\/10-VALID-MONEY-TRANSFER-PURPOSES-and-RBI-Codes.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/06\/10-VALID-MONEY-TRANSFER-PURPOSES-and-RBI-Codes.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":6346,"url":"https:\/\/www.extravelmoney.com\/blog\/6-tips-save-money-international-transfers\/","url_meta":{"origin":8364,"position":5},"title":"6 Tips to Save Money on International Transfers: Expert Advice","author":"George Zachariah","date":"August 30, 2024","format":false,"excerpt":"Last Updated On: 08 April 2025 Hello. I'm George, CEO of ExTravelMoney. Over my 20+ years in the banking and forex industry, I've seen countless people lose money to high fees and bad exchange rates when sending money abroad. But, it doesn't have to be this way. Let me share\u2026","rel":"","context":"In "International Money Transfer"","block_context":{"text":"International Money Transfer","link":"https:\/\/www.extravelmoney.com\/blog\/category\/international-money-transfer\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/08\/George-Zachariah-CEO-ExTravelMoney.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/08\/George-Zachariah-CEO-ExTravelMoney.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/08\/George-Zachariah-CEO-ExTravelMoney.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/08\/George-Zachariah-CEO-ExTravelMoney.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/posts\/8364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=8364"}],"version-history":[{"count":0,"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/posts\/8364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/media\/8365"}],"wp:attachment":[{"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=8364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=8364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.extravelmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=8364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}