The initial deposit for an ICICI Bank Canada Guaranteed Investment Certificate (GIC) is typically CAD 10,000. This amount is required to open the account and is part of the Student Direct Stream (SDS) program for international students studying in Canada.
The GIC acts as proof of financial support, ensuring students have funds for living expenses. The deposit is locked for one year, earning interest, and is refunded in monthly installments. Specific requirements may vary, so verifying details with ICICI Bank Canada or the official SDS guidelines is advisable before proceeding.
