Try our new website for a faster, fresher, and smarter banking experience.

Old Old Version New New Version
ICICI Bank ICICI Bank

Open your account in 3 simple steps

  • imagealt

    Apply Online

    Apply Online to get your Student Account instantly. 

    Click here for the application process

  • SomeContent

    Fund your Account

    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

BEST FOR

Students planning to study in Canada

  • Apply online and receive your account number instantly with processing fees

  • Funds are accepted from self, parent, spouse or sibling account

  • Proof of fund for study permit is issued within 24 hours

  • Flexible Guaranteed Invsetment Certificate (GIC) disbursement options

Download the
ICICI Bank SPP App

Canada SPP
Did you Know ALt text

ICICI Bank Canada's Collaboration with Royal Bank of Canada (RBC)

- ICICI Bank Canada has collaborated with Royal Bank of Canada (RBC), one of Canada’s largest banks to give you a seamless and comprehensive banking experience.

- Proceeds of your ICICI Bank Canada funded account option will automatically be deposited to your new RBC Student Account.

 

Benefits of the Student Partnership Program 

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

  • Top-up your existing Student account with additional funds and get an updated Investment Balance Confirmation (IBC)

  • Choose from an instalment GIC, a redeemable GIC (cashable), or redeem the full amount upfront

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

  • Access to 1,200+ RBC branches and 4,200+ ATMs across Canada

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

About Student Partnership Program

Application Process

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

Activation Process 

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

Refund Process

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.

 

FAQs

What is the ICICI Bank Canada Student Partnership Program?

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.

Is GIC or Bank deposit still required for applying for a student permit?

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.

Can I use my ICICI Bank Canada account for day-to-day banking before I arrive 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.

How to open an account under 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

How can I activate my SPP account?

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

What are the benefits of choosing the RBC account option under the Student Partnership Program?

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

What funding options and proof of funds are available for my study permit requirements?

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

What happens if my study permit is declined or I withdraw from my course?

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.

How can I contact ICICI Bank Canada for help?

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.

Step-by-Step Guide to Access Online Banking & Password Reset

 

 

T&CClick here for terms and conditions.