Converter
Convert rupees to USD, GBP, EUR, CAD and more at the rate we would actually give you — our 1% charge already inside the number, not added afterwards.
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What a Canadian GIC costs you in rupees today.
Canada requires a fixed sum parked in a GIC before the study permit is issued. This works out what that costs in rupees today, including the conversion, our charge and any TCS — the number you actually need in your account, not the number on the government website. The amount is re-indexed by IRCC each year, usually around September.
Canada
GIC — Guaranteed Investment Certificate
Released as an initial lump sum of roughly CAD 4,500–6,500 within days of activation, then monthly across your first 10 to 12 months.
C$22,895required
Source of funds
All-in, to have C$22,895 sitting in the account₹16,19,601At ₹70.04 per CAD, including our 100 bps markup and TCS.
The parked amount₹16,03,565
Our charge, 1%₹16,036
TCS₹0
Total leaving your account₹16,19,601
This figure is not yet confirmed. C$22,895 still needs checking against IRCC — Study permit: Student Direct Stream, proof of funds before anyone plans around it. The conversion and TCS below it are computed correctly from whatever the amount turns out to be.
The rest of the set
Five more, same engine.
TCS calculator
Work out the Tax Collected at Source on money sent abroad for education — nil when an approved education loan funds it, 2% above the ₹10 lakh threshold when it does not.
Markup calculator
Enter the rate your bank quoted and see the spread buried inside it, in rupees. The fee you can see is small; the markup you cannot see is large.
LRS tracker
Track your Liberalised Remittance Scheme usage across every bank you use. The limit is USD 250,000 per person per financial year, and no single bank can see your total.
Blocked account — Germany
Work out what the Sperrkonto costs in rupees at today’s rate, including the conversion, our charge, the setup fee and any TCS.
Talk to us
Tell us the transfer. We’ll come back with the exact position.
Rate, markup in rupees, TCS and the paperwork you’ll need — for your amount and your university, not a worked example. Tell us the transfer and we will call you back.
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