What is GIC (Guaranteed Investment Certificate)?
Meaning, Full Form & Guide (2026)
Canada
Quick Definition
A GIC is a CAD 10,000 Canadian bank deposit required under Canada's Student Direct Stream (SDS) for Indian students. It proves financial capacity and is redeemed as monthly instalments of ~$934 after arriving in Canada.
GIC (Guaranteed Investment Certificate) — Full Explanation
Mandatory for SDS applicants from India, China, Vietnam, and the Philippines. Deposit at an approved provider (CIBC, Scotiabank, TD, SBI Canada, Fintiba). Certificate issued in 3–10 business days and included in the visa application.
Country Relevance
Canada
Helpful Resources
AS
Written & reviewed by
Arjun SinghAcademic Counsellor — Test Prep & Complex Profiles
Frequently Asked Questions
Only for SDS applicants. Regular stream applicants can use bank statements instead.
Yes — most providers refund the deposit on visa refusal.
Related Terms
Fall 2026 Intake Closing Fast
Need Help With Your Application?
Our advisors can walk you through every step — from understanding visa documents to submitting your application. Free consultation, no obligation.
🎓 5,000+ Students Placed✅ 95% Visa Success Rate🆓 Free, No-Pressure Guidance