(Toronto) TD Bank Group has signed an agreement with an Indian bank to attract international students as new clients and make it easier for them to meet visa requirements.
As part of Canada’s requirements for applying for an expedited study permit, students must provide proof of financial support, which is accomplished with a Guaranteed Placement Certificate (GIC).
As part of this partnership agreement, Indian bank HDFC will refer students planning to study in Canada to TD’s international student GIC program.
TD offers students the opportunity to use an online application process to obtain a GIC with no application fee.
The program also includes a student checking account and a fee rebate to cover their first wire transfer to their TD account.
TD has been HDFC’s primary correspondent banking partner for Canadian dollar clearing since 2015.