Student GIC Program
Pursue your studies in Canada
If you are a student from India, SBI Canada Bank Student GIC Program can help you plan for your studies in Canada.
Under the SBI Canada Bank Student GIC Program, you can purchase a Guaranteed Investment Certificate (GIC) from SBI Canada Bank for $ 10,000 Canadian dollars (CAD). A GIC is an investment account that offers a guaranteed interest rate over a fixed period of time.
An amount of CAD $2,000.00 CAD plus accrued interest will be credited to your high interest bearing super saver account at the time of your first in-person branch visit.
The residual amount of CAD $8,000.00 CAD will be invested in a Non-redeemable GIC account of one-year term.
An equated monthly installment (EMI of principal +interest) will be paid from this Non-redeemable GIC account and credited to your super saver account each month for 12 continuous months.
The service charges for this program is CAD $100.00 CAD and it is not refundable.
For detailed information on how to submit the application and the refund process, please click on the above link for the “Application guide
If you have additional questions about SBI Canada Bank Student GIC Program, please contact:
Administrator (Student GIC)
Phone: ( 905)-896-6577
Fax: ( 905)-896-6545
You can also call our toll-free number 1-866-724-2669 or Call the SBI Canada Bank branch where you have chosen to invest the Student GIC, contact details of which are available on our website: www.sbicanada.com