Frequently Asked Questions (FAQ) Remittance
International remittance is the transfer of money from one country to another for purposes such as education, travel, family support, or business needs.
IndoGlobe assists clients by guiding them through compliant and secure remittance processes using trusted financial and banking partners.
Yes, all remittance transactions are handled through authorized channels, ensuring high security, transparency, and regulatory compliance.
Common documents include valid identification, purpose of remittance details, and supporting documents as required by banking regulations.
Most international remittance transactions are processed within a few working days, depending on the destination country and banking procedures.
Frequently Asked Questions(FAQ) GIC (Global Immigration Consultancy)
A Guaranteed Investment Certificate (GIC) is a mandatory financial requirement for certain international students applying for a Canadian study permit. It proves that the student has sufficient funds for living expenses in Canada.
Yes, a GIC is required for students applying under Canada’s Student Direct Stream (SDS) program to demonstrate financial stability.
The required GIC amount is typically CAD 10,000, as set by Canadian immigration authorities. This amount may change based on official regulations.
No, the GIC is meant to cover living expenses only. Tuition fees must be paid separately to the educational institution.
No, the GIC is released in installments. A portion is provided upon arrival in Canada, and the remaining amount is paid monthly over a fixed period.
Frequently Asked Questions (FAQs) – Travel Cards
A travel card is a prepaid card that allows you to load foreign currency and use it for payments, online transactions, and ATM withdrawals while traveling abroad.
Any individual traveling internationally for education, work, business, or leisure can apply for a travel card, subject to basic documentation and eligibility.
Travel cards offer better exchange rates, enhanced security, multi-currency support, and convenience compared to carrying cash.
Travel cards can be used worldwide at merchants, hotels, and ATMs that accept international card networks.
Yes, travel cards are secure and protected with PIN and card network security features. In case of loss, the card can be blocked to prevent misuse.
Frequently Asked Questions (FAQs) – Travel Insurance
Travel insurance is a policy that provides financial protection against unexpected events such as medical emergencies, trip cancellations, delays, or loss of baggage while traveling.
Travel insurance typically covers medical expenses, emergency hospitalization, trip cancellation or interruption, baggage loss, and travel delays, depending on the policy.
Yes, travel insurance is highly recommended for international travel and is mandatory for some countries to ensure financial protection during emergencies.
It is best to purchase travel insurance as soon as your travel plans are confirmed to ensure coverage from the start of your journey.
The cost of travel insurance depends on factors such as destination, duration of travel, age of the traveler, and coverage selected.
Frequently Asked Questions (FAQs) – Education Loan
An education loan is financial assistance provided by banks or financial institutions to help students cover tuition fees, living expenses, and other costs for higher education.
Students who have secured admission to a recognized institution and meet the bank’s eligibility criteria, including co-applicant requirements, can apply for an education loan.
The process typically involves submitting an application, providing admission proof, financial documents, and co-applicant details, followed by verification and loan approval.
Yes, many education loans cover tuition fees, living expenses, travel costs, and other educational-related expenses depending on the loan terms.
Repayment usually begins after the course completion or as per the bank’s moratorium period. EMIs are set according to the loan amount, tenure, and interest rate.