Student Partnership Program

Stepwise journey to open your account:

• Register and apply online through the ICICI Bank Canada website or app
• Receive your Student Account number instantly after submission
• Fund your account and get Investment Balance Confirmation securely
• Use the confirmation to apply for your Canadian study permit with IRCC
• Share your travel plans with ICICI Bank Canada before departure
• After arrival, complete activation and upload ID documents
• Choose ICICI Bank Canada or RBC and access funds or GIC options

Here is the complete process of account activation

• Download the ICICI Bank Canada SPP app or apply online
• While in India, share your travel plans with ICICI Bank Canada
• After arriving in Canada, complete activation and upload ID documents
• Choose activation with ICICI Bank Canada or Royal Bank of Canada (RBC)
• If RBC is chosen, receive instructions, open the account and transfer funds
• Choose to access the full balance or invest in available GIC options
• GIC options include 6, 9, or 12-month instalment GICs or 1–2 year redeemable GICs
• If ICICI Bank Canada is chosen, complete KYC online or in person
• Invest a portion in a 6, 9, or 12-month instalment GIC with a monthly payout

Follow these simple steps to request your refund:

1. Complete an application
   Click here to login to your profile under the Student Partnership Program and complete a refund request online. Ensure that you fill in the request completely to avoid any delays. Once we have approved your request, you will receive the refund within 8 weeks.
2. Return of funds
   For security reasons, the refund may only be returned to the account where funds were initially received from.

Note: After we have successfully processed your refund request, we will close your account and will not accept or process any new transactions in that account.

The Student Partnership Program (SPP) Account is designed specifically for individuals who plan to move to Canada to study as international students.  Students can begin the process of opening an SPP Account from their home country, deposit funds into the account and obtain an Investment Balance Confirmation to fulfill the proof-of-funds requirement applicable to their study program.

Proof of a Canadian account in your name and transfer of money in that account or a GIC from a participating Canadian Bank may still be required as proof of financial support, depending on your study or immigration program. ICICI Bank Canada, in partnership with RBC, offers unique SPP and Hello Canada products supporting study permit applicants in Canada.

No, your account will only become operational for daily banking after you arrive in Canada and complete the activation process. Before arrival, you can fund your account and obtain your proof of funds but cannot perform regular transactions.

Stepwise journey to open your account:

• Register and apply online through the ICICI Bank Canada website or app
• Receive your Student Account number instantly after submission
• Fund your account and get Investment Balance Confirmation securely
• Use the confirmation to apply for your Canadian study permit with IRCC
• Share your travel plans with ICICI Bank Canada before departure
• After arrival, complete activation and upload ID documents
• Choose ICICI Bank Canada or RBC and access funds or GIC options

Here is the complete process of account activation

• Download the ICICI Bank Canada SPP app or apply online
• While in India, share your travel plans with ICICI Bank Canada
• After arriving in Canada, complete activation and upload ID documents
• Choose activation with ICICI Bank Canada or Royal Bank of Canada (RBC)
• If RBC is chosen, receive instructions, open the account and transfer funds
• Choose to access the full balance or invest in available GIC options
• GIC options include 6, 9, or 12-month instalment GICs or 1–2 year redeemable GICs
• If ICICI Bank Canada is chosen, complete KYC online or in person
• Invest a portion in a 6, 9, or 12-month instalment GIC with a monthly payout

By choosing RBC, you get:

• Seamless automated transfer of funds from your ICICI Bank Canada account to your RBC student account
• Access to RBC’s network of 1,200+ branches and 4,200+ ATMs
• An RBC Credit Card with a limit up to CAD 2,000, helping build your credit history in Canada
• 24/7 customer support both in India and Canada
   This partnership offers a smooth banking experience from application to arrival
  

You can fund your account with the minimum amount specified by IRCC for your province as proof of funds. Options include:

• Instalment Guaranteed Investment Certificates (GIC) for 6, 9, or 12 months with monthly payouts
• Redeemable (cashable) GICs for 1-2 years
• Full upfront redemption of funds
  The funds can be sent from your parent, spouse, or sibling’s account. Once funded, you’ll receive an Investment Balance Confirmation (IBC) within 24 hours, which you should include in your study permit application.
  Important: You must deposit CAD 200 as a processing fee and CAD 25 to cover bank charges.
  For exact amounts, visit IRCC’s Study Permit Financial Requirements

You can apply for a refund of your account balance minus applicable fees (processing fees are non-refundable). The refund will be returned to the original funding source after currency conversion and charges. It may take up to 8 weeks to process your refund. Note that the refund process requires documentary proof such as study permit denial or withdrawal evidence.
For refund application, log in here: Refund Request Portal

Note: After refund, your account will be closed and no further transactions allowed.

If you have any questions or need assistance, you can reach ICICI Bank Canada through the following channels:

• Email: customercare.ca@icicibank.com
• Call the 24-hour Customer Contact Centre (toll-free in Canada): 1-888-424-2422
• Call toll free from India at 1-800-200-3340
• From any other place, call collect: 1-416-847-7979

All amounts are in Canadian dollars unless otherwise indicated.

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