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For Indian students planning to pursue higher education in countries like Canada, opening a Guaranteed Investment Certificate (GIC) account is a mandatory requirement. A GIC account serves as proof of funds to cover living expenses during the course of their studies abroad. While the process may seem daunting, this article will outline an easy and straightforward way for Indian students to open a GIC account in India. Understanding the GIC Account: A Guaranteed Investment Certificate (GIC) is a financial product offered by Canadian banks to international students. It functions as a secure investment where a fixed amount of money is deposited into the account, and the student receives a predetermined amount with interest upon arrival in Canada. The GIC acts as a financial safety net, ensuring that students have access to funds for their living expenses. Choosing a Participating Bank: To open a GIC account , Indian students need to select a participating bank approved by the Canadian gov...

Globalization has enabled students from different countries to pursue their education in foreign countries. Canada has emerged as a popular destination among international students due to its quality education, affordable tuition fees, and post-study work opportunities. However, the cost of education and living expenses in Canada can be significant for many international students, including Indian students. This is where GIC (Guaranteed Investment Certificate) comes into the picture. In this article, we will discuss what GIC is and its uses for Indian students in Canada.   What is GIC? GIC is a type of investment product offered by Canadian financial institutions, such as banks and credit unions. It is a low-risk investment that guarantees the principal amount and a fixed rate of return over a specified period, typically ranging from 6 months to 5 years.   GIC is a popular investment option for Canadians who want to save money for short-term goals, such as buying a car, renova...

  Financial Management is a  important part  of life, especially for students who are studying abroad. As an Indian student in Canada, it is important to understand the financial management system in the country and how to effectively manage your finances. In this article, we will explain  some of the key financial management tips for Indian students in Canada. Making a budget  it is important to create a budget and stick to it. This involves making a list of all your income and expenses, and ensuring that your expenses do not exceed your income. You can also consider cutting back on unnecessary expenses, such as eating out or buying expensive clothes, to help you stay within your budget. Make priorities on spending money, Paying education fees, expenditure for rents should be top priorities. Saving Plans it is important to have a savings plan in place. This can be done by setting aside a portion of your income each month for savings. This will help you build up...

  Canada has always been a popular destination for international students, including those from India. With its high-quality education, welcoming communities, and vibrant cities, it’s not difficult to see why so many students from India choose to study in Canada.  In this article, we’ll be exploring the top five universities in Canada for Indian students. University of Toronto The University of Toronto is one of the most well-regarded universities in the world, and it’s no surprise that it’s also one of the most popular choices for Indian students. With its strong reputation for research, innovation, and academic excellence, the University of Toronto is a great choice for students who are looking to challenge themselves academically. McGill University Located in Montreal, McGill University is another top-ranked university in Canada that is popular with Indian students. With its diverse student population and world-class faculty, McGill provides a rich and supportive environmen...