Canada is known for its world-class education system. The country offers a plethora of courses for International students and fascinates Indian students as well towards its newfangled study techniques and welcoming culture. There are around 11% of Indian students currently studying in Canada.
Recently, Canada has announced new rules for Canada study visa, i.e. SDS (Study Direct Stream) to apply for the study visa. One of the leading financial institutions of Canada is Scotiabank, who is one of the biggest supporters of the Study Direct Stream. In other terms, this institution helps and support students financially who wish to pursue their higher studies in Canada. Scotiabank offers an opportunity to deserving and eligible students to buy a GIC, i.e. a Guaranteed Investment Certificate.
This new Canada student visa rule is quite beneficial in comparison to the old one as students will get financial help and support directly from the Scotiabank. This, in turn, will reduce the financial burden to an extent for the students.
Since with every passing year, more Canadian visa applicants have been appearing, the chances of brilliant students getting the opportunity are diminishing. Lack of seats prevents eligible students from joining top Canadian Universities or Colleges in their preferred courses. So, this newly launched SDS can provide better opportunities for the students to have the talent to study abroad. Moreover, this new SDS Program will also speed up the overall processing time for full-time Canada Student Visa.
Find below the listed eligibility requirements that are a must for all the students to qualify to apply under SDS:
Following financial institutions provide GIC (Guaranteed Investment Certificate):
The standard processing time for SDS will be reduced up to 20 days, which was from 45 days earlier. Also, such SDS cases will be specially processed in Canada, Edmonton at Case Processing Centre.
The e-App requirement will also help in expediting the process of SDS cases and may reduce the overall application intake overseas. Please note, the standard processing time for non-SDS cases is 2 months.
These new rules are designed to ease out the overall visa procedure. If you are a well-deserving student, then you ll get a fair chance to get selected. Simply ensure submit all the relevant documents on time for smooth sailing.
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