GIC [ALL PROBLEMS]

[reyhan649]

Hi - I am really new to this. Please excuse my stupid questions.

It is my understanding that, GIC is the security deposit of CA$10,100 which is to ensure to the embassy that you have money to support your living in Canada at least for 1 year.

With that said, does it mean that I can start using that money the way want and/ or completely withdraw that money from my Canadian account OR I will not be able to use that money for a certain period of time! If yes, after what is the duration?

Your help is much appreciated!!

Regards,
Syed

 

[siddhesh398]

Once you reach Canada you withdraw $ 2000 , thereafter every two months you can withdraw $2000.

Hi - I am really new to this. Please excuse my stupid questions.

It is my understanding that, GIC is the security deposit of CA$10,100 which is to ensure to the embassy that you have money to support your living in Canada at least for 1 year.

With that said, does it mean that I can start using that money the way want and/ or completely withdraw that money from my Canadian account OR I will not be able to use that money for a certain period of time! If yes, after what is the duration?

Your help is much appreciated!!

Regards,
Syed

 

[reyhan649]

Thanks for you help!!!

 

[palak monga]

Received the gic.. waiting for the visa now..

 

[Nur1990]

Hi frds , what is the procedure to open account in scotia bank n refund policy?

 

[anjillan]

Hi frds , what is the procedure to open account in scotia bank n refund policy?

find here: http://www.scotiabank.com/ca/en/0,,5698,00.html

 

[jagjit]

Hi everyone

I need some help regarding the GIC thing, i am applying under SPP, have already recieved the GIC account details

1) is it necessary to make the GIC payment from a account that is in my name, i will be actually making the payment from my mothers account.

2) Since the scotia bank says that they need 10100 $ how much should i wire transfer considering that intermediary banks will debit their processing charges as well.

Kindly help.

Thanks