Apply from the comfort of your
home and get an account instantly
To activate your account, download
the ‘ICICI Bank Canada SPP App’
Proceeds of your ICICI Bank Canada funded account option will automatically be deposited to your new RBC Student Account.
ICICI Bank Canada Student Partnership Program benefits
Apply from the comfort of your home
to open a no-fee account instantly
Instant Account Number: The student account application is completely online. We provide the Account and Funding details instantly
Funds are accepted from the parent, spouse or sibling account
Receive certificate as proof of funds needed
for study permit requirements within 24 hours
Top-up your existing Student account with additional funds and get an updated Investment Balance Confirmation (IBC)
Choose from an instalment GIC, a redeemable GIC (cashable), or redeem the full amount upfront
Automated fund transfer from your ICICI Bank Canada Account to your new RBC Student Account
Get a Credit Card from RBC with a limit of up to
$2,000
24/7 customer support in India and Canada
Access to 1,200+ RBC branches and 4,200+ ATMs across Canada
Open your account in three simple steps
Fund your
Account
and receive the proof of funds in your secure mailbox
Activate your Account
Activate your Account upon arrival by downloading our app and opt for verification with RBC.
Click here for the
activation process
You are all set!
Why participate in the ICICI Bank Canada Student Partnership Program?
To meet the financial requirements under the study permit stream set by Immigration, Refugees and Citizenship Canada (IRCC), you may purchase a Guaranteed Investment Certificate (“GIC”) as proof of funds to cover your living expenses in the amount specified by IRCC for the specific province of arrival.
Student Partnership Program
Frequently Asked QuestionsIf you have any questions, contact us:
Click here for program terms and conditions.
On November 8, 2024, the Government of Canada announced the discontinuation of the Student Direct Stream (SDS) program, which previously offered expedited study permit processing for applicants from certain countries. Although SDS is no longer available, students can still meet the proof of funds requirements for the existing study permit program through ICICI Bank Canada’s Student GIC program.
ICICI Bank Canada’s website is currently undergoing updates to reflect changes in the Student GIC Program and other relevant information for prospective students. Updates to the site will clarify the program’s details and application process in light of recent immigration policy changes. You may continue to apply with us, for a student account, to obtain valid proof of funding required under the existing study permit programs, which will continue. For the latest updates, keep an eye on the ICICI Bank Canada website.