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CIBC GIC is better

Discussion in 'International Students' started by kk2018, Apr 4, 2019.


  1. 1. You can add beneficiary and do a RTGS transfer from Netbanking itself. The RTGS transfer is like any other you would do.

    You only have to ensure the remarks have to mention ISBO 2019 + Your name.

    2. Your bank address won't have any effect in your GIC application. Use the same address as your passport as your passport will be your valid ID in Canada.
     
  2. Hello again. Well I guess the GIC application already started with the request approved and numbered by CIBC and it already has my non-passport address (my permanent/parents' address in Delhi). Are you saying that CIBC will not hand me my GIC installments in Canada because my passport/ID will not have an address matching the one on their records? (Again, my passport was renewed with a Pune address when I worked there; my permanent residence has always been in Delhi.) Thanks a million!!
     
  3. I can't say as I haven't gone to Canada and gotten my GIC. I would suggest you ask them first before transferring any money. I am just making a logical assumption that in Canada, your passport is your only proof of address, so if there is a mismatch there could be an issue. I would suggest you ask them. If you send a message now, you should get a reply by tomorrow morning.
     
  4. Hi,
    My question is do we need to put the passport address during ISBO GIC registration? If anyone used different address will that create any issue like address mismatch in Scotia Bank? in fact, I've already created GIC account and received the payment instruction but prior to fund transfer I want to make sure that address will create any problem or not?
     
  5. Hi,
    My question is do we need to put the passport address during ISBO GIC registration? If anyone used different address will that create any issue like address mismatch in Scotia Bank? in fact, I've already created GIC account and received the payment instruction but prior to fund transfer I want to make sure that address will create any problem or not?
     
  6. Hi,
    Is that will be a problem if I chosen only 10000 CAD during the GIC form filling. I received the payment instruction mail where 10000 CAD mentioned.
     
  7. Guys i have done the NEFT transaction for GIC with CIBC today morning and mailed the A2 form as well. By when can i get the GIC? I havent received the acknowledgement mail yet.
     
  8. nope, it wouldn't be an issue. just pay in INR instead of CAD to save some money!
     
  9. To make international payment easy (RTGS) CIBC has made an account in Standard Charter bank so we have to write 2 beneficiary banks.
     
  10. Write 2 beneficiary banks where ?
     
  11. Use the address as in the passport, bank account address will not cause issue.
     
  12. If you choose to pay in CAD, you will have to wire the money using SWIFT wire transfer and not RTGS. This will take the same time as Scotia Bank.
     
  13. Give them a day or two, keeping in mind the time difference. I got my GIC before getting the mail, so check the ISBO platform.
     
  14. I had initiated the payment before the deadline, but after the deadline its showing that the wire transfer has been expired. Although my transaction was initiated 2hrs before the deadline.
     
  15. You will have to contact them and find out the next steps. The deadline is for them to receive the money, not for you to send the money. It will take more time for them to receive it. You will have to send a mail to them now.
     

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