New GIC Canada 2025: Updated Rules and Requirements for International Students
What Is a GIC in Canada?
A Guaranteed Investment Certificate (GIC) is a mandatory financial proof required for international students applying through the Student Direct Stream (SDS). It shows the Canadian government that students have sufficient funds to manage their living expenses during their studies.
New GIC Canada 2025: What Has Changed?
The new GIC rules in 2025 highlight updated financial requirements for students. Unlike previous years, students must now deposit a higher amount to open a GIC account, reflecting Canada’s increasing living costs. This update ensures that students are financially prepared before arriving.
👉 Key Point: Without a valid new GIC certificate, your study permit application under SDS may face delays or even rejection.
Banks Offering the New GIC for International Students
Several Canadian banks and financial institutions provide GIC programs tailored for study abroad applicants. Popular options include:
Scotiabank Student GIC Program
CIBC Student GIC
ICICI Bank Canada GIC
SBI Canada GIC
Each bank has its own process, service fees, and refund policies, so students should compare before applying.
Step-by-Step Process to Apply for a New GIC in 2025
Select a participating bank that offers student GIC accounts.
Complete the online application from your home country.
Transfer the required funds along with bank charges.
Receive your GIC certificate, which will serve as proof of funds.
Use this certificate while applying for your Canada study visa under SDS.
Why the New GIC Requirement Matters for Students
The new GIC in Canada plays an important role in making your study abroad journey smooth and stress-free. It:
Provides financial stability during your stay.
Builds trust with Canadian immigration authorities.
Helps in faster visa approval under the SDS category.
Assures parents and students that essential living expenses are covered.
Conclusion
The new GIC Canada 2025 requirement ensures that international students are financially ready before they land in Canada. By carefully choosing the right bank and completing the process properly, students can make their study abroad journey smoother and increase their chances of visa success.
