In simple terms, both are fixed deposits for visa proof, but Germany's blocked account needs a larger amount locked—over ₹11 lakhs last I checked—released monthly for living costs, while Canada's GIC is around ₹7 lakhs, with a lump sum after arrival. Honestly, the 'obvious' advice is to pick the cheaper one, but I saw my cousin choose Germany because that monthly stipend from the blocked account forced him to budget, unlike his friends in Canada who sometimes blew their GIC lump sum too fast. My own father tracks every rupee for my college fund with the same carefulness, so I see the wisdom in that forced discipline.
#work#career
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