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How To Make CIBC GIC For International Students - CIBC GIC Process

CIBC GIC creation process have been shared in this PDF Document, using this document you can apply for your GIC in CIBC bank.

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Itsyour Manal
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256 views7 pages

How To Make CIBC GIC For International Students - CIBC GIC Process

CIBC GIC creation process have been shared in this PDF Document, using this document you can apply for your GIC in CIBC bank.

Uploaded by

Itsyour Manal
Copyright
© Public Domain
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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CIBC GIC



Step-By-Step Procedure:
1. Go to https://pay.cibc.com/ISBO/payment/

2. Select student GIC program

3. In the amount section, put 10,000 CAD. Here you can


make payment in INR or CAD.

4. If you select INR — You must do RTGS/NEFT from


any Indian bank for the amount shown on the page in
INR currency.
5. If you select CAD — You must do a wire transfer,
which any can do bank or forex agent like IndusInd


Forex, Thomas cook, local forex agent etc. Here 1.5%
Processing fees (150 CAD) will be applicable, meaning
you must pay 10,150 CAD by Wire transfer.

Tip: Compare CAD and INR amount per the current


forex rate and see which one is more suitable for
you. However, INR is more convenient because you
do not need to make a wire transfer.

Steps for Registration:


1. Click on student information for login.

2. Write your name exactly the same as your Passport.

3. Student ID - Given in offer letter (Optional)

4. Tentative Arrival date- Select any date near the rst


day of your college/university.

5. Give the correct address as written on the Passport;


don’t leave a single word on Passport (here no
comments limit)

6. Then write down Contact number details, Email ID,


fi
and Passport details like DOB and expiry date.


7. MUST: How you heard about us? — Select Friends
and family & enter my name Yash Singla and Email ID:
[email protected] (You will get CAD 25 post
payment for absolutely free.)

8. In the referral Box, tick mark YES and Enter my


Referral ID: [email protected] (We both will
get a 25 CAD bonus after payment)

9. In the next step, enter Your Indian bank details, bank


name, account number and PAN number- from where
you will do RTGS/NEFT. (If you select CAD, this step
10. In the declaration box: Do tick mark on all four boxes
(This 
 is nothing, but you’re allowing Indian standard
chartered bank of Mumbai to send your money to other
countries)

11. Here whole process is completed. Within 12 to 48


hours, you will receive an account con rmation mail
from CIBC after verifying all details.

12. After verifying all details by CIBC, they will send an


instruction sheet.

13. Read the instruction sheet. They have mentioned all


kinds of details over there. Make payment accordingly.

Important:

• Please don’t get confused here CIBC already helped


us with the conversion rate (INR mode only).
Whatever the nal amount we need to transfer, they
give us on that instruction sheet. No need to deposit
extra; they have included all the deductions, which will
be the nal amount in INR.

• Go to your bank which has your account (Note: GIC


should be transferred through student’s account only,
don’t transfer it from your parent account), ask for the
fi
fi
fi
RTGS form and write the info given on instruction page
no.2 (Standard Chartered bank account details and the
nal amount

 in INR that you have to transfer ) and on
RTGS FORM MENTION “ISBO 20XX — Full Student
name and last name” (sample written on instruction
page No 1- This pattern will change every year) as
senders message to receiver and do the normal RTGS.

• Please don’t get confused about the bank name or


address because we are transferring money to CIBC
pool a/c at the standard chartered bank, which later
transfers money to CIBC. So, don’t worry about
foreign exchange or something. Just make normal
RTGS from the given details in the instructions on
page no 2. Standard chartered bank ties up with
CIBC.

• Get the RTGS/NEFT Reference Number from the


bank at the end of the transaction.

• Now here bank role is done.

• The whole process is completed, and within two days,


You will receive a GIC certi cate (Investment advice
letter) and welcome letter. You must submit a GIC
certi cate (Investment advice letter) while lling visa.
However, you must submit a Welcome letter to CIBC
bank to activate your GIC account in Canada.
fi
fi
fi
fi
bank to activate your GIC account in Canada.


CIBC Customer Support Details:
Email: [email protected]
Toll-Free number (India): +1800121661661

Referral Details:
• If you pay GIC to CIBC, GET 25 CAD for free, and
you may use the referral.

• In the referral Box, mark YES and Enter my referral


id: [email protected] Name: Yash Singla
You will get a CAD 25 bonus on opening a GIC
account once you land in Canada and activate the
account. You will get see 25 dollars extra in your bank
balance.

This process has been explained in a video in


several languages. You may check them out for
your ease. Click on the link and the video will play
automatically.

English: https://www.youtube.com/watch?
v=osk7kqgjTBY
Hindi: https://www.youtube.com/watch?
v=cttJCZRNNYA

Malayalam: https://www.youtube.com/watch?
v=rUe73JBS-KA

Punjabi: https://www.youtube.com/watch?
v=NI9RuMDhEok

Tamil: https://www.youtube.com/watch?
v=k4e6hnKX8Ro

Use the refer code to save money, and all the best for
your journey in Canada 🇨🇦. Cheers!

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