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Do I need to show the fund for one year or two years?

SUMAN KUMARI

Newbie
Jan 21, 2017
6
0
I am opting for MSc. Maths course in Canada.Which is 2 years course. Should I show fund for two years to visa officer or only for one year?
 

Livra

Star Member
Dec 28, 2016
62
29
Canada's government requires you to show fund for one year only, but if you want increase your changes of getting visa approval you should show everything you've got in order to demonstrate you have more than the minimum required
 

neelpatel19071994

Star Member
Nov 23, 2016
166
2
124
Category........
Visa Office......
New Delhi- Online
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SUMAN KUMARI said:
I am opting for MSc. Maths course in Canada.Which is 2 years course. Should I show fund for two years to visa officer or only for one year?
You have to show funds for one year only dear.
Best option ( which is preferred by many students despite of spp/non spp file) is to go with GIC ( 10000 CAD in Scotia bank or ICICI bank of Canada) . Alternatively you can also show other proofs such as Bank Loan, Bank Statement. All in all, you have to show that you have sufficient funds ( Atleast 10000 CAD - Nearly 5.30 Lacs INR) for supporting you.

You can find more details on this link

http://www.cic.gc.ca/english/study/study-how-documents.asp
 

cad143

Hero Member
Oct 11, 2016
221
70
neelpatel19071994 said:
You have to show funds for one year only dear.
Best option ( which is preferred by many students despite of spp/non spp file) is to go with GIC ( 10000 CAD in Scotia bank or ICICI bank of Canada) . Alternatively you can also show other proofs such as Bank Loan, Bank Statement. All in all, you have to show that you have sufficient funds ( Atleast 10000 CAD - Nearly 5.30 Lacs INR) for supporting you.

You can find more details on this link

http://www.cic.gc.ca/english/study/study-how-documents.asp
hello. sorry newbie here at the International Students forum. Can I ask what you mean by spp/non spp and to go with GIC? Thanks. :) I'm planning to apply for Sept 2017 intake so im preparing all docs.
 

neelpatel19071994

Star Member
Nov 23, 2016
166
2
124
Category........
Visa Office......
New Delhi- Online
Job Offer........
Pre-Assessed..
App. Filed.......
09-12-2016
Doc's Request.
Submitted
IELTS Request
19/09/2015
Med's Request
Submitted
Med's Done....
19/10/2016
Interview........
Not Needed
Passport Req..
13-01-2017
VISA ISSUED...
18-01-2017
LANDED..........
Soon ( 11th in Apr'17)
cad143 said:
hello. sorry newbie here at the International Students forum. Can I ask what you mean by spp/non spp and to go with GIC? Thanks. :) I'm planning to apply for Sept 2017 intake so im preparing all docs.
SPP is Students Partners Programme. You can easily interprete it as one type of collobration between Indian and Canadian Govt. to help the students to study in Canada. Certaim Colleges in Canada falls under SPP category. If your College is under SPP category, then your visa file should be shortly called as SPP file. Other wise it is universoty or non-spp file. You can find more details and list of SPP colleges here.
https://www.idp.com/india/studyabroad/destinations/canada/sppcolleges

GIC is Guranted Investment Certificate. It is must required process for SPP file. However, it its optional for non-spp/ university file. But, almoat all students opt GIC for a safer side as financial document to Visa Officer.
As a financial document, you have to show that you have atleast 833 CAD per month for 1 year i.e. almost 10000 CAD to support your self when you will be in Canada. And GIC is the best option to show this 10000 CAD. The Bank of Nova Scotia and ICICI bank Canada offers this GIC to students. However, most of the studetns opt for Scotia bank.
http://www.scotiabank.com/ca/en/0,,5698,00.html
You can find more details for GIC in this link.