SDS GIC for
Indian Students

SDS GIC for
Indian Students

The best choice for fast, easy and low cost GIC

Our no-fee GIC helps you meet the Student Direct Stream (SDS) study permit requirements

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Fast

Apply in less than 5 minutes.

No Fees

No processing fees on foreign currencies.

Secure

Your money is protected by Canada Deposit Insurance Corporation.

How it works

With the CIBC Student GIC Program, you can transfer $10,000 CA to $20,000 CA.

Here's an example

1

Transfer $10,000 CA with no foreign currency transaction fees.

2

When you visit a CIBC Banking Centre, we'll deposit $2,000 CA into your account.

3

We'll invest the remaining $8,000 CA into GICs.

4

You'll get the full amount back plus interest in 8 equal payments over 1 year.

SDS GIC Explained

A Guaranteed Investment Certificate (GIC) purchased through the Canada SDS GIC Program is a type of deposit that helps you pay for your studies and living expenses while in Canada. International students who meet eligibility criteria can enjoy the following benefits:

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