GIC 1st credit before classes start?

[ajaydubey541997]

Hello.
I have done my GIC through SBI Canada. I will be arriving in Canada in late Dec and my classes will be starting from 7th Jan.
I have heard some rumors that the bank does not give you the 1st installment credit before the start of your classes. Is this true?

 

[bongoman]

You should get 2000 as soon as you open your account at SBI branch.

 

[ajaydubey541997]

You should get 2000 as soon as you open your account at SBI branch.

are you absolutely sure? because if i do not get that 2000, i must issue a Forex card before i leave India

 

[bongoman]

Check your agreement with SBI

 

[ajaydubey541997]

Check your agreement with SBI

the agreement does not mention anything about the start of the classes. it only says "1st visit when you open your account, 2000 will be transferred from your gic to your account"
so i should assume that no need for the classes to start. right?

 

[jasz_blr]

the agreement does not mention anything about the start of the classes. it only says "1st visit when you open your account, 2000 will be transferred from your gic to your account"
so i should assume that no need for the classes to start. right?

After landing just visit SBI branch to activate your account and 1st installment should be ready to withdraw. Didn't they gave you debit card and PIN after you applied for GIC?

At least with ICICI they give debit card and PIN in approx 2 weeks after opening GIC. Upon reaching Canada and activating it (either in branch or using android/ios app) the installment can be withdrawn using debit card at any merchant approved ATMs. I don't think SBI should be any different than that. Otherwise call their customer care.