What is GIC amount to study in Quebec?

The best time to buy a Guaranteed Investment Certificate (GIC) as a student is before applying for a student visa. It is an important document of the application process. In short, at the time of submitting your Canadian student visa application, you must have a GIC.

If you are applying for a Canadian study permit on or after Sept 1, 2025, GIC amount is CAD 22,895.

The process to pay or buy GIC Canada from India is very easy. Here is the step-by-step process:

• Visit the official website of banks.
• Fill out the required details such as (name, username, and personal email id).
• Bank will send you a URL and secure mailbox for communication with the bank. 
• Bank will need a copy of your passport copy and admission letter.
• You'll get a new account number and all set to pay the GIC amount.

The full form of GIC Canada is Guaranteed Investment Certificate. It is a liquid investment in banks in Canada. It is one of the important parts of required documents to study in Canada. The GIC amount is CAD 22,895 (INR 14.36 Lakhs) for Indian students, from September 1, 2025. Earlier, it was CAD 20,635.

Candidates need to obtain the minimum qualifying marks to clear the GIC Assistant Manager 2024 exam. The GIC qualifying cut off marks are 60 per cent for General and OBC category candidates and 50 per cent for SC and ST categories. However, these are not the cut off marks. The GIC cut off marks are fixed by the Corporation based on the candidates performance in the examination.

The GIC Assistant Managers are recruited through a two-phase selection process involving online exam and interview round. The Assistant Managers in GIC are posted in Mumbai only and are liable to be posted anywhere in India as well as abroad as per the requirement of the Corporation. The GIC Assistant Manager post is permanent is nature. The Assistant Managers need to assist the management and work in different departments and perform tasks related to insurance and reinsurance.