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ExTravelMoney India's biggest forex marketplace!

SEND MONEY TO GIC ACCOUNT IN CANADA FROM INDIA
BIG SAVINGS GUARANTEED!

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  • Open GIC account & transfer funds in less than 3 working days.
  • Get credit in less than 3 working days.
  • Transfer money from any bank.
  • Get assistance with TCS refund.
Axis Bank & RBL Bank

Open GIC Account and Transfer Money at the Lowest Rates!

  • We will open a GIC account in a bank of your choice at no extra cost! Yes, absolutely free!
  • Once account is opened, we will transfer the amount to your GIC account at the best rates!
  • You save a minimum of 5% compared normal bank rates!
  • Hassle free KYC verification. Peace of mind guaranteed!

Send Money to GIC Account Easily!

Get Quotes

Enter the amount in USD & get quotes from nearest banks & exchange houses instantly

Book Online

Compare the quotes, choose one and book your order for sending money from India to Canada

Transfer Funds

Submit KYC & transfer funds as NEFT/RTGS directly to the RBI authorized exchange house.

Collect Bill

Yes, all done! The wire transfer will be initiated the same day & you can collect the SWIFT copy!

How it Works?

Featured in

“...ExTravelMoney has tied up with forex dealers and banks. Through 4000 stores of these partners, it could access the national market....”

“...competition among the different forex providers in the platform leads to better deals for the customers...”

“...ExTravelMoney is fast becoming the single-stop point for travellers, students, and business people travelling abroad...”

ExTravelMoney Is Rated 4.8 Stars by Trustpilot Based On Over 335 Reviews

Why Send Money Abroad via ExTravelMoney?

  Lowest Exchange Rates!

Being a marketplace for remittance services, every exchange house here tries to outbid others. Result, you get the best CAD to INR exchange rate while sending money to Canada from India!

  Zero Commission!

We charge absolutely zero commission on every transaction. No hidden charges either! Pay directly to the chosen exchange house from your bank account, get it transferred and receive bill for the entire amount.

  Expert Guidance

When it comes to outward remittance, the process can really confusing. Our team of remittance experts would guide you through the entire process. They would educate you on remittance limits, required KYC documents etc.

Sending Money from India to GIC Account in Canada

Extravelmoney helps Indian students heading to Canada send money to their GIC accounts quickly at minimum costs. Students can save up to 5% compared to banks or other money transfer service providers. The entire amount can be transferred in a single transaction. We also provide door-step KYC verification via our 6000+ partnered outlets across India. The whole process can be completed in 48 working hours.

What is a GIC Account?

GIC means Guaranteed Investment Certificate and it's an investment account. This account is offered by a Canadian Bank. There are many different types of GIC accounts and GIC account for international students in Canada is one among that.

Students would have to deposit a fixed amount of money in this account (Usually CAD 10,000 + CAD 200 = CAD 10,200). This money is treated as proof of funds and would be released to the student every month for 12 months for their study abroad and maintenance expenses along with interest.

Opening a GIC Account in Canada

Opening a GIC Account is very easy. The first step is to decide which bank to go with. Choose one that has a wide network. Most banks have online application for opening a GIC account. Your documents such as Passport Copy and Proof of Enrollment etc needs to be submitted online. You can find more details here.

How to send money to GIC account in Canada from India?

  1. Enter the amount (in CAD) you need to transfer to your GIC account and click on ‘Get Rates’.
  2. Enter your location in India to get bids from RBI authorized exchange houses & banks in your area.
  3. Choose any one bid, and place your order by entering your contact details. You can now upload the required KYC documents.
  4. Once the KYC is verified, you can transfer the funds directly to the exchange house/banks’s account as NEFT/RTGS transfer.
  5. Your money will now be wired. Your GIC account will receive the credit within the next 48 working hours.

Documents required for sending money to GIC Account from India

  1. Indian Passport of the student
  2. University Acceptance Letter
  3. GIC Account Opening Letter
  4. Any govt approved photo id proof of sender
  5. Sender's Pan Card

Note: The sender can be the student or his/her parents.