GIC (Guaranteed Investment Certificate)
A Canadian bank account you fund before you travel to prove living-cost money; it is released to you in instalments after you arrive.
A GIC is the standard way Punjab students show Canadian living funds (commonly CAD $20,635, verify current amount at IRCC). You buy it from a participating bank, the money is held, and a set amount is returned monthly after you land. It is your money — not a fee.
Applies to: Canada
Related: Proof of funds · DLI (Designated Learning Institution) · Studying in Canada from Punjab: a step-by-step overview
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