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SPP India - New Rules for 2013 intakes

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Canadian High Commission in India has announced changes in Study Visa requirements under SPP & University categories for 2013 intakes as mentioned below:

New SPP rules for 2013 intakes for Indian Students:

  • Proof of Tuition Fee payment: Copy of receipts for tuition payment (ONE Semester/ONE Year - as asked by the SPP institution)
  • Proof of funds (Living Expenses): You MUST demonstrate the purchase of a special Guaranteed Investment Certificate (GIC) from a participating Canadian financial institution (Scotia Bank), in the amount of $10,000 CAD to cover living expenses for your first year in Canada (Check below for information on how to obtain a GIC).
  • Language Ability: IELTS test results taken within last 24 months with overall band not less than 6.0, with no individual band lower than 5.5 bands in any module.

Under SPP in India, the following requirement are still the same:

  • Passed out from 12th Grade in the last TWO years or completed Bachelor's Degree in the last FIVE years,
  • Scored overall 6.0 bands in IELTS in last TWO years,
  • Have atleast 50% score in their latest qualification,
  • Graduated with NOT more than TWO backlogs per year,
  • Previously never denied Canadian Study Visa.

Here is how you can obtain a Guaranteed Investment Certificate (GIC):

According to Citizenship and Immigration Canada guidelines, you will require approximately $10,000 CAD per year, not including tuition fees, to cover your living expenses. This requirement is fulfilled through the purchase of a participating GIC, and evidence that you have paid your tuition.

At present, Scotiabank is the only participating Canadian financial institution. Apply for the Scotiabank Student GIC Program, by visiting their website at http://www.scotiabank.com/ca/en/0,,5698,00.html, to learn more about the GIC and download the GIC Application form. Once your Scotiabank Student GIC has been opened, you may transfer funds to your account in Canada by using any bank in India in which you hold your account.

 

The updated list of SPP Colleges & Universities for Indian Students for 2013 intakes:

 

 

The List of Approved Banks by CHC Canadian High Commission, India for Education Loan purpose for 2013 intakes:
  • Andhra Bank
  • Allahabad Bank
  • AXIS Bank Ltd
  • Bank of Baroda
  • Bank of India
  • Bank of Maharashtra
  • Bank of Punjab Ltd
  • BNP Paribas
  • Canara Bank
  • Central Bank of India
  • Centurion Bank of Punjab Ltd
  • Citibank Corporation Bank
  • Dena Bank
  • Federal Bank Ltd
  • HDFC Bank Ltd
  • Hong Kong and Shanghai Banking Corporation
  • IDBI Bank Ltd
  • Indian Overseas Bank
  • Indian Bank
  • Ing Vysya Bank Ltd
  • Indusind Bank Ltd
  • ICICI Banking
  • Jammu & Kashmir Bank Ltd
  • Karnataka Bank Ltd
  • Kotak Mahindra Bank
  • NOVA Scotia Bank
  • Oriental Bank of Commerce
  • Punjab National Bank
  • Punjab and Sind Bank
  • South Indian Bank Ltd
  • Standard Chartered Bank
  • State Bank of India
  • State Bank of Bikaner and Jaipur
  • State Bank of Hyderabad
  • State Bank of Indore
  • State Bank of Mysore
  • State Bank of Patiala
  • State Bank of Saurashtra
  • State Bank of Travancore
  • Syndicate Bank
  • UCO Bank
  • Union Bank of India
  • Vijaya Bank


Source: VFS Canada

 

About Canada | Facts | Education System | Why Canada? | Cost | Colleges | Universities | Student Partner Program (SPP)

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