Student GIC Program
Pursue your studies in Canada
If you are a student from India, China, Vietnam or The Philippines and you are planning to pursue your studies in one of the following Canadian provinces: British Columbia; Alberta; Saskatchewan; Manitoba; Ontario; Nova Scotia; New Brunswick; Newfoundland; Prince Edward Island , you can get the benefits of SBI Canada Bank Student GIC Program by starting your application today.
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 per annum over a fixed term.
An amount of CAD $2,000.00 CAD plus accrued interest will be credited to your account after successful verification and account activation.
The residual amount of CAD $8,000.00 CAD will be invested in a Non-Redeemable Student GIC account of one-year term.
An equated monthly installment (EMI of principal + interest) will be paid from Student Non-redeemable GIC account and credited to savings/chequing account each month for 12 continuous months.
The service charges for this program are CAD $100.00, if the funds are sent through State Bank of India or CAD $150.00 (including the correspondent bank charges) if sent from other banks. The fee 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”. “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.