Global Experience
GIC Account
Simplify Your GIC Account Funding with Laxmii Forex
A Simple, Reliable, and Secure Solution for International Students
How Can We Help You?
Simplify Funding To Your Blocked Account in 4 Easy Steps
Fill the Application Form
Get a Quote From Us
Provide The Required Details
Sit back, your money will be transferred within one working day
AWARDS FOR LEADING THE INDUSTRY
Hdfc Bank - Significant Contribution to Forex Cards
Thomas Cook Star Partner Award -2022 ​
Sakal Group Business Excellence Award -2022
Why Do You Need a GIC Account in Canada?
A GIC account is crucial for international students, especially going to Canada, to display the financial proof needed for their study permit. Apart from fulfilling the financial readiness for the visa requirements, it also ensures the students have steady access to funds for their stay in Canada, so students can prioritise their studies.
What Documents are Required For Transferring Funds to a GIC Account?
Here’s what you need to fund your GIC account to streamline your student visa application through Laxmii Forex:
- Passport
- Air Tickets
- Pan Card
- VISA
- University Offer Letter
- Bank Details
- Educational Loan Documents (If Applicable)
- Other Documents as required
The GIC Confirmation Letter and Payment Process
What's a GIC Confirmation Letter?
Once your GIC account is opened, you will receive a GIC confirmation letter. This letter serves as a proof of your investment and financial readiness, which is vital to process your study permit application. This letter indicates you have financial support for your stay in Canada.
Here’s How the Payment Process Works with Laxmii Forex?
- First, an initial deposit of the required amount (i.e., CAD 20,635) is made to GIC account. With an expert like Laxmii Forex, you seamlessly transfer money abroad and bag the best exchange rates possible.
- You will receive a payment confirmation from the bank, which is to be included in your GIC confirmation letter
- Once you land in Canada, you can easily access funds as per your GIC agreement.
Why Transfer Money to your GIC Account Through Laxmii Forex?
Here’s why you should consider funding a GIC account through Laxmii Forex:
- We are Quick: You can transfer money to your GIC account through us within one business day.
- Best Rates: We will provide you the best possible rates for international money transfer.
- We Advise: We offer free consultation regarding TCS and Forex guidelines when you need help.
Testimonials
I've been making all my transactions to Australia through Laxmii Forex for my university fees, rent, and more. I must say that I am very satisfied with the service provided and making international transactions has never been easier. The go-to place if you're traveling abroad anytime!
Saahil Gokhale
I had an excellent experience with their forex services as an international student. They provided fast and reliable service, transferring my university fees and accommodation expenses within 24 hours, regardless of the amount. The support team was incredibly helpful and responsive, making the entire process seamless and stress-free. I highly recommend their services to anyone in need of quick and efficient forex transfers.
Yash Majali
Last year I went to Germany for an educational course using a Laxmii Forex travel card and got the best rates and excellent service from Laxmi Forex. It is one of the best foreign exchange companies in India.
Prithvi Ghongade
FAQs:
A GIC account is a secure financial tool where you get guaranteed interest on the money deposited for a fixed term.
In comparison, GIC offers higher interest than a savings account, however, it requires you to lock your funds for a fixed period.
The full form of GIC is Guaranteed Investment Certificate.
A student GIC account is designed for international students to ensure the required funds for their study permit in Canada.
As of 1st January, 2024, the minimum limit has been changed to CAD 20,635 from CAD 10,000.
