Embarking on an academic journey in Canada as an international student can be both thrilling and overwhelming. Not only do you have to gear up for an entirely new chapter in your life, but you also need to navigate through a maze of government regulations to secure a study permit. It’s a challenging and exciting adventure that demands careful planning and preparation.
HDFC Bank and TD have launched a referral program to simplify the process of opening a TD Guaranteed Investment Certificate (GIC) for students. This enables them to comply with the Government of Canada’s Student Direct Stream (SDS) study permit pathway for faster processing. TD is HDFC’s main correspondent banking partner for Canadian Dollar clearing since 2015.
What is the Student Direct Stream?
The Student Direct Stream (SDS) is a fast-tracked study permit pathway for eligible students from India and 13 other countries. Processing time is 20 calendar days. Students must obtain a GIC from a participating Canadian financial institution as proof of financial support.
How does this referral program support Indian international students?
As part of the partnership, HDFC Bank will refer students planning to study in Canada to the TD International Student GIC program which provides students with:
- TD International Student GIC: This service is tailored to the requirements of the Student Direct Stream (SDS) pathway for study permits in Canada. It offers a streamlined online application process with no fees and the added benefit of earning interest right from the start.
- TD Student Chequing Account: With no monthly fees (until 23 years old or with proof of enrolment in full-time post-secondary education), unlimited transactions and additional benefits.
Once students arrive in Canada, they will benefit from the ease, value, and trusted advice TD is known for. The benefits under this Program will include:
- Accessible Banking: TD has over 1,000 branches across Canada with longer branch hours than any other bank. It offers banking services online and through the TD app.
- Advice at the ready: TD colleagues are available to offer expert advice on managing day-to-day expenses or long-term financial planning, whether in branch or over the phone.
Looking forward to getting more information on the migration program Call or WhatsApp us 00974 4493 4528
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