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Pay GIC for Canada from
India - Fast & Secure Processing
Transfer Guaranteed Investment Certificate funds to Canadian banks for your student visa.
Rate Guaranteed1 USD = 93.065 INR
USD
INR
You save ₹ 11,931.43*compared to traditional banks
Why Choose Fairexpay?
Lowest Forex Rates
Live mid-market rates
Visa Ready
Complete documentation support
Direct to Bank
Payment to authorized banks only
Trusted for GIC Transfers
school
Students complete GIC payments to Canadian banks within 1-2 business days.
verified_user
RBI authorized with complete FEMA compliance for all GIC transfers
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Save with 0% TCS on education loan GIC and lowest exchange rates.
Send GIC Payment to Canada in
3 Easy Steps
Register Account
Complete KYC with PAN and Aadhaar.
Add Bank Details
Enter Canadian bank GIC account information.
Complete Payment
Pay GIC online securely from India.
All GIC payments are verified against Canadian bank requirements and processed through RBI-authorized channels. Payments must be made to approved GIC program banks only. We validate Canadian bank details and SWIFT codes before processing. Every transaction uses encryption and two-factor authentication for security. You receive instant confirmation with a SWIFT copy, a GIC payment receipt for a visa application. All documentation is stored securely in your account, and you can check your GIC payment status anytime.
Guide: How to Make GIC
Payment from India
Document Checklist
- GIC instruction letter
- Student admission letter
- Passport
- Visa (If applicable)
Processing Timeline
- Day 1: Document verification, GIC validation and payment processing.
- Day 2: Canadian bank receives GIC funds and issues confirmation.
GIC Payment Details
- 0% TCS with education loan, 5% without loan.
- CAD 20,635 minimum GIC requirement for Canada.
- A2 form generated automatically.
- Complete LRS compliance included.
All GIC transfers to Canada must be sent to approved Canadian banks offering GIC programs per RBI guidelines. Third-party payments not permitted.This ensures your GIC qualifies for Canadian student visa requirements.We verify all bank details against official GIC program lists before processing. Your payment includes an A2 form, SWIFT copy and a GIC receipt for visa documentation and immigration submission.
Compare Fees For When You Send
Money Abroad
Money Abroad
See exactly how much more you save with Fairexpay on every international transfer
USD
INR
Total you pay
₹ 466,824.92
Beneficiary receives
5,000.00 USD
USD 5,000.00 (Full amount)
expand_moreBeneficiary receives
USD 5,000.00 (Full amount)
Exchange rate
93.065 (Mid-market rate)
Rate markup
Transparent pricing & low markups
Transfer fee
₹1,500.00
Total you pay
₹466,824.92
Traditional Bank
account_balanceUSD 5,000.00 (Full amount)
expand_moresavings Net Saving
₹12,931.43
Compare Fees For When You
Send Money Abroad
See exactly how much more you save with Fairexpay on every international transfer
USD
INR
Beneficiary receives
Exchange rate
Rate markup
Transfer fee
Total you pay
USD 5,000.00 (Full amount)
93.065 (Mid-market rate)
Transparent pricing & low markups
₹1,500.00
₹466,824.92
Traditional Bank account_balance
USD 5,000.00 (Full amount)
95.4513 (Marked up)
Higher Fees & Hidden Markups
₹2,500+
₹479,756.35
savings Net Saving
₹12,931.43
What Students Say About
GIC Payments
“The team helped with GIC documentation. RBC confirmed receipt quickly. Used a GIC certificate for visa approval.”
“Paid my Scotia Bank GIC smoothly from Mumbai. Money reached in 36 hours. Got GIC certificate for visa application.”
“Best rates for CIBC GIC payment. Saved over ₹50,000 compared to my bank. Process was transparent.”
“The team helped with GIC documentation. RBC confirmed receipt quickly. Used a GIC certificate for visa approval.”
Rohan Verma
Student | Canada study permit approved
Ananya Desai
Student | GIC paid for Toronto college
Karan Singh
Student | Canada student visa holder
“Best rates for CIBC GIC payment. Saved over ₹50,000 compared to my bank. Process was transparent.”
Frequently Asked Questions
What is a GIC payment for Canada?
GIC (Guaranteed Investment Certificate) payment is a mandatory deposit to a Canadian bank required for student visa applications. Students must pay GIC for a Canadian student visa, showing proof of funds. The current requirement is CAD 20,635.
Which banks accept GIC payments from India?
What documents are needed for GIC transfer?
How long does GIC transfer from India take?
What is TCS on GIC payments?
What is the LRS limit for GIC payments?
Complete Guide to
Canada GIC Payment
How to transfer GIC to Canada from India?
Register on Fairexpay, upload GIC documents, add Canadian bank account details, and pay via UPI or net banking under LRS guidelines.
What is the GIC amount for Canada 2026?
How to track GIC payment status?
What is the payment timeline?
Can Fairexpay remit GIC payments directly to banks?
Can I get a GIC refund if the visa is rejected?
Ready to Pay Canada GIC Online Securely?
Join thousands of students securing Canada study permits with fast, compliant GIC payments through Fairexpay.
Fairexpay simplifies GIC payment from India to Canadian banks for your student visa application. As an RBI-authorized platform, we help students make guaranteed investment certificates payments from India to approved banks.
Our platform handles everything from GIC document verification to direct bank transfers, ensuring funds reach Canadian banks within 1-2 business days. Students using education loans benefit from 0% TCS, potentially saving thousands compared to traditional banking methods.
We provide complete LRS compliance documentation, including automated A2 form generation. Track every GIC payment in real-time with SMS and email updates until bank confirmation.
Our support team assists with GIC instruction letter, bank selection guidance, and documentation requirements. Whether applying for college, university or language programs, Fairexpay ensures reliable GIC delivery at competitive rates for your Canada study permit.