October 15, 2024

A GIC Guaranteed Investment Certificate is a free and secure investment account, in which you deposit a sum of money and generate interest over a period of time. International students in Canada need to make investments in GIC accounts to demonstrate their proof of funds that they have enough financial resources to cover their living expenses. The right choice for a GIC account can be really crucial. In this guide, you’ll get information about which Canadian GIC account is best for you. Major Banks Offering GICs for International Students in Canada Scotiabank GIC Program for International Students Minimum Deposit- $20,635 CAD Processing fees-$200 CAD Payment Plan: $4,127 CAD is deposited to the personal deposit account and paid out immediately upon arrival in Canada. The remaining balance of $16,508 CAD is paid in monthly installments of $1,376 CAD for one year. Benefits: Well-established and secure for international students. Easy online application. Arrival and pre-arrival support ICICI Bank Canada Student GIC Program Minimum Deposit- $20,635 CAD Processing fees-$200 CAD Payment Plan: $6,190 CAD is deposited to the personal deposit account and paid out immediately upon arrival in Canada. The remaining balance of $14,445 CAD is paid in monthly installments of $1,204 CAD for one year. Benefits: Easy processing of the online application CIBC Student GIC Program Minimum Deposit- $20,635 CAD Processing fee 0 Payment Plan: $6,190 CAD is deposited to the personal deposit account and paid out immediately uponarrival in Canada. The remaining balance of $14,445 CAD is paid in monthly installments of $1,204 CAD for one year. Benefits: No Processing fees Easy processing of the online application Trusted Canadian banking institution with over 1000 branches HSBC Canada Student GIC Program Minimum Deposit- $20,635 CAD Processing fee 0 Payment Plan: $6,190 CAD is deposited to the personal deposit account and paid out immediately upon arrival in Canada. The remaining balance of $14,445 CAD is paid in monthly installments of $1,204 CAD for one year. Benefits: No Processing fees Easy processing of the online application Factor that you should consider before choosing your GIC account Bank Reputation – Choose a bank that has a good reputation and provides extensive support services in Canada. Scotiabank and CIBC are one of those. At IIE Education we guide on choosing the reputable bank as we have experience in choosing their particular bank for GIC’s. Interest Rates – Interest rates are also important when choosing the best GIC account in Canada. Checking the latest interest rates is essential as it can decide how much interest you will earn in the year. At IIE Education we provide we provide regular updates on the current interest rates offered by various banks that provide GI Ease of application – Consider a bank that provides easier online processes and pre-arrival support. This bank makes the process easier for international students to manage their accounts before coming to Canada. At IIE Education we can provide step-by-step guidance for GIC applications for various banks by simplifying the process for students, especially for students that are not properly known about the Canadian banking system. Visa and Immigration Compliance – At IIE Education we can guide students in selecting the best GIC account that can easily meet their financial requirements and eligibility. We also assist in helping the students gather the right documents such as the GIC certificate that is essential for visa applications. At IIE Education we have an expert team that can guide international students in choosing the most suitable option for GIC accounts. The right GIC is really essential as it can help you meet the financial and visa requirements. Our Personalized mentorship and guidance have helped many international students make the right decisions and be well-prepared for their financial responsibilities in Canada.

Australia has remained one of the favorite destinations among international students who seek a worldclass education combined with a happening student life and career growth opportunities. Housing some of the best universities in the world, coupled with its beautiful landscapes, Australia offers a great combination that includes academic excellence and personal growth. Whether you want to study in vibrant cities like Sydney and Melbourne or want to explore the Great Barrier Reef, Uluru, Australia, can be a great destination. If you’re considering taking this big step, Here, is a guide on how to study in Australia as an international student. Why choose Australia for Study High-Quality Education with Top Universities – Australia is home to some of the top universities in the world with eight universities that are among the top 200 in QS world university rankings. Here are some of the top universities in Australia The Australian National University (ranked 27th) The University of Melbourne (ranked 41st) The University of Sydney (ranked 42nd) The University of New South Wales (ranked 44th) The University of Queensland (ranked 47th) Multicultural and Diverse Environment – International students can experience diverse cultures in Australia and this enriching experience can make students feel at home. Apply to Australian Universities Pick the right university – Start exploring universities and courses that are specific to your skills and abilities. There are a variety of undergraduate and post-graduate courses available in Australian universities and you should pick the course carefully. At IIE Education we can help international students choose the right university and course by providing up-to-date information on accredited institutions, and course details according to your specific academic interest and career goals. Check Eligibility Requirements – At IIE education we also offer personalized coaching and mentoring for standardized tests such as IELTS, and TOEFL ensuring you meet the language proficiency. We also provide guidance on supported documentation for your specific program and help you fulfill other eligibility requirements. Submit Application – Our experts at IIE Education assist in submitting applications to Australian universities, ensuring that all necessary documents are completed accurately and submitted on time. We also provide a compelling statement of purpose and prepare for any interviews, maximizing your chances of admission. Apply for a Visa – After receiving an offer letter from the university, you’ll need to apply for a student visa. IIE Education provides expert guidance on the visa application process for Australian universities. We also help you understand the requirements and complete the necessary forms accurately. Cost of Living and Tuition Fees International undergraduate students studying in Australia are expected to pay between AUD 20,000 to AUD 45,000 per year, depending on the course. They need at least AUD 21,000 per year for living expenses. Scholarships There are various scholarships and financial aid options available for international students in Australia: Australia Awards Scholarships: University Scholarships: Endeavour Postgraduate Scholarships: Scholarships are a great way to support students and minimize their financial burden. IIE Education helps in providing valuable support in identifying and applying for scholarships available at Australian universities. Our expert guidance has already been proven as we have helped many international students in securing scholarships. Studying in Australia provides opportunities for personal, academic, and professional growth. We at IIE Education can help you achieve your study in Australia with personal mentorship, guidance, and assistance.