Canada’s Toronto Dominion (TD) Bank and India’s HDFC Bank have joined forces to assist Indian students studying in Canada. Through this collaboration, HDFC Bank will refer students to TD’s International Student GIC Program, facilitating a smoother process for obtaining study permits. Moreover, this partnership strengthens their existing relationship, with TD serving as HDFC Bank’s primary correspondent banking partner for Canadian Dollar clearing since 2015.
In order to acquire a study permit in Canada, students must demonstrate sufficient financial support. TD’s GIC Program enables students to open accounts online, fulfilling this requirement conveniently.
HDFC Bank, a leading private bank in India, boasts an extensive network, while TD Bank stands as one of Canada’s largest banks, catering to millions of customers globally.
“We’re committed to aiding Indian students in their pursuit of education abroad, particularly in Canada,” remarked Sampath Kumar, Group Head Retail Branch Banking. “Canada offers exceptional educational opportunities, and our partnership with TD streamlines the process for students and NRIs.”
“In 2023, India accounted for over 425,000 students with study permits in Canada, solidifying its position as the primary source of international students,” emphasized Smita Bhagat, Group Head Retail Branch Banking. “Our program not only provides financial benefits but also enhances their overall study experience in Canada.”
“We’re thrilled about our expanded collaboration with HDFC Bank,” stated Sona Mehta, Executive Vice President of Canadian Personal Banking, TD Bank Group. “Together, we’ll ensure a seamless transition to the Canadian banking system for students, offering the ease, value, and trusted guidance that TD is renowned for.
GrabGossip – your fastest source for breaking news! Read now.
