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GIC refund process

Anuu23

Newbie
Nov 15, 2018
4
0
Hey i have submitted the gic and i have received the certificate also but due to some personal reason i was unable to pay the tution fee on time and now i want refund of my gic?Can anyone help me like how much money they will deduct or what i have to show them for the refund like any paper ?
 

Anuu23

Newbie
Nov 15, 2018
4
0
Why would u want to take a refund of gic? Save it for next intake.
Actually now may intake is full and till september there will be gap...I am planning to go to canada on sponsorship.So gic will be of no use.
If we can transfer that money to normal account in canada then it would be very good
 

AGoodSoul

Star Member
Jul 5, 2015
170
41
You ideally cannot transfer the funds as this is an international fund that you have invested into.
Out of 10200 CAD
The deduction will be $200 as fees. That's for Canadian bank.

However, u will also lose on dollar to INR currency conversion in your Indian bank account.
Add possible nostro charge that Indian bank may charge you. Rs 1731/- APPX.

Once it's done.. pls update this forum with recent changes if any