
Apply from the comfort of your
home and get an account instantly
Proceeds of your ICICI Bank Canada Student GIC will automatically be deposited to your new RBC Student Account.
Open your account in three simple steps


Fund your
Account
and receive the proof of funds in your secure mailbox

Activate your Account
Activate your Account upon arrival by downloading our app and opt for verification with RBC.
Click here for the
activation process


Send $10,175 CAD to
your student account.
$8,000 will be invested in
a 1-year fixed-term GIC

Up to $2,000 CAD will be
available for your immediate use,
upon activation of your account
in Canada. $175 will cover
Student GIC Program fee and any
charges incurred by other banks

Receive 12 equal monthly
instalments plus interest.
Approximately $667
per month
You are all set! After 12 months, you will have
received the full $10,000 CAD back, plus interest!
ICICI Bank Canada Student GIC Program benefits

Apply from the comfort of your home
to open a no-fee account instantly

Get a Credit Card from RBC with a
limit of up to $2,000

Instant Account Number: The GIC Account application is completely online. We provide the Account and Funding details instantly

Funds are accepted from the
parent or spouse account

Receive certificate as proof of funds needed for study permit requirements within 24 hours

24/7 customer support
in India and Canada

Automated fund transfer from your ICICI Bank Canada Student GIC to your new RBC Student Account

Access to 1,200+ RBC branches
and 4,200+ ATMs across Canada
Who can participate in our Student GIC Program?
Individuals who are citizen of and holding a valid passport issued by the following countries.
Student GIC Program
Frequently Asked QuestionsIf you have any questions, contact us:
Click here for program terms and conditions.