HDFC Bank and TD Bank Group sign an agreement to simplify banking experience for Indian students in Canada [Yahoo! Finance]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: Yahoo! Finance
TORONTO March 20, 2024 /CNW/ - HDFC Bank and TD Bank Group (TD) today announced an expanded relationship supporting Indian students planning to study in Canada With this agreement, TD and HDFC Bank are announcing a new referral program. HDFC Bank will refer students planning to study in Canada to TD's International Student GIC Program , which enables students to conveniently comply with the Government of Canada's Student Direct Stream (SDS) study permit pathway. This referral partnership builds on the two banks' existing relationship where TD has acted as HDFC Bank's main correspondent banking partner for Canadian Dollar clearing since 2015. As part of the Canadian government's requirements to apply for an expedited study permit, students are required to provide proof of financial support, which is accomplished via a Guaranteed Investment Certificate (GIC) from a participating Canadian financial institution. The TD International Student GIC Program is designed to enable students
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