At IndoGlobe, remittance refers to the secure transfer of money from one person to another, domestically or internationally. Customers can initiate a remittance through IndoGlobe’s authorized channels, after which the funds are processed and delivered to the beneficiary via bank transfer, cash pickup, or approved payout methods.
To send a remittance, you typically need a valid government-issued ID such as a passport, national ID card, or driver’s license. Some providers may also require proof of address or additional verification depending on regulations and transfer amount.
Remittance delivery time varies by method and destination. Some transfers are completed within minutes, while others may take 1–5 business days, especially for bank-to-bank international transfers.
Educational remittance usually requires:
Admission or offer letter from the educational institution
Fee invoice or tuition details
Student passport and visa (if applicable)
Proof of relationship (in some cases)
Compliance with local foreign exchange regulations
Yes, remittance limits depend on country regulations, purpose of transfer, and the service provider. Limits may apply per transaction, per day, or per year, and higher amounts may require additional documentation.
Frequently Asked Question (FAQs) Guaranteed Investment Certificate (GIC)
A Guaranteed Investment Certificate (GIC) is a mandatory financial requirement for international students planning to study in Canada. It proves that you have sufficient funds to cover your living expenses during your first year of study. The amount is deposited with a Canadian financial institution and released to you in installments after you arrive in Canada.
Yes. A GIC is required for most students applying for a Canadian study permit under the Student Direct Stream (SDS). It helps Canadian immigration authorities ensure that students can support themselves financially while studying in Canada.
As per current Canadian immigration guidelines, students are required to invest CAD 20,635 (subject to change by IRCC). This amount is meant to cover living expenses for one year, excluding tuition fees.
No. GIC funds are specifically meant to cover living expenses such as accommodation, food, transportation, and daily costs in Canada. Tuition fees must be paid separately to the educational institution.
No. The GIC amount is not released in one lump sum. After arrival in Canada, you receive an initial amount, followed by monthly or periodic installments over the year to help manage living expenses responsibly.
Several Canadian banks and financial institutions offer GIC programs for international students, including major national banks and approved financial partners. IndoGlobe assists students in choosing the right institution and completing the GIC process smoothly and correctly.
A travel card from IndoGlobe is a prepaid, reloadable card that allows travelers to carry and spend foreign currency safely while traveling abroad. It can be used for payments, online transactions, and ATM withdrawals internationally.
Yes, most countries require a valid study visa to pursue education abroad. Visa requirements vary by country and course duration. IndoGlobe can guide you on documentation and foreign exchange requirements related to study travel.
What are the benefits of using a travel card from IndoGlobe?
Using an IndoGlobe Travel Card offers several benefits:
Secure alternative to carrying cash
Locked-in exchange rates
Wide international acceptance
Easy reload and balance tracking
Lower foreign exchange charges compared to cash
Yes, IndoGlobe travel cards come with advanced security features such as PIN protection and the ability to block the card in case of loss or theft, ensuring safe usage while traveling.
Yes, IndoGlobe travel cards can be easily reloaded even while you are overseas, subject to applicable regulations and limits, providing flexibility throughout your journey.
Travel insurance at IndoGlobe provides financial protection against unexpected events that may occur before or during your trip, such as medical emergencies, trip cancellations, loss of baggage, or travel delays.
IndoGlobe travel insurance typically covers:
Medical emergencies and hospitalization while traveling
Trip cancellation or interruption
Loss, theft, or delay of baggage
Travel delays and missed connections
Personal accident coverage
Coverage may vary depending on the policy selected.
While travel insurance is not mandatory for all destinations, IndoGlobe strongly recommends it to protect against unforeseen expenses and emergencies. Some countries also require valid travel insurance for visa approval.
It is best to purchase travel insurance from IndoGlobe at the time of booking your trip or as early as possible. Early purchase ensures maximum coverage, including protection against trip cancellation.
No. The GIC amount is not released in one lump sum. After arrival in Canada, you receive an initial amount, followed by monthly or periodic installments over the year to help manage living expenses responsibly.
For some countries, travel insurance is mandatory for visa approval. IndoGlobe can assist in selecting a travel insurance plan that meets embassy and visa requirements.
An education loan from IndoGlobe helps students finance higher education expenses such as tuition fees, accommodation, travel, and other related costs for studies in India or abroad.
Students who have secured admission to a recognized institution can apply for an education loan through IndoGlobe, subject to lender eligibility criteria and co-applicant requirements.
IndoGlobe education loans typically cover tuition fees, living expenses, examination fees, books, study materials, and travel costs, depending on the loan scheme.
Common documents include the admission letter, fee structure, academic records, identity proof, income documents of the co-applicant, and any additional documents required by the lending institution.
Repayment usually starts after the completion of the course, following a moratorium period as per the loan terms agreed with the lender associated with IndoGlobe.
Collateral requirements vary based on the loan amount and lender policy. Some IndoGlobe education loan options may be available without collateral, while others may require property or fixed deposits as security.
About
At Indoglobe, we understand the global nature of today’s business and travel. Our mission to simplify currency conversion, making international transactions.
Useful Link
Contact
91 8950012340
indoglobe.advisory@gmail.com
SCO147 First Floor mugal canal Karnal Haryana 132001, India.
Copyright 2023 INDOGLOBE. All Rights Reserved. Website designed by Powered by Digital Tatsat