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bank balance after visa apply

tomsware

Hero Member
Dec 28, 2012
841
17
Category........
Visa Office......
Singapore
NOC Code......
1112
Job Offer........
Pre-Assessed..
App. Filed.......
16-05-2013
Doc's Request.
already submitted with application
Nomination.....
N/A
AOR Received.
25-07-2013
IELTS Request
already submitted with application
i applied for student visa a month ago... yet to receive decision from visa office...

i showed deposit and current account balance...

should i keep the fund as it is till the visa decision? or i can encash?
 

sabby2612

Hero Member
Mar 14, 2013
929
39
Job Offer........
Pre-Assessed..
as long as it's not a loan, you can withdraw your funds (however, nobody, nobody can tell u for sure if they call to check the balance in your account). It's just in the case of loans (which aren't disbursed) they call and check (now this is for sure). So to be on safer side, if you don't need to withdraw the funds, dont... other wise do so... it shouldn't make any difference.

Cheers!
 

tomsware

Hero Member
Dec 28, 2012
841
17
Category........
Visa Office......
Singapore
NOC Code......
1112
Job Offer........
Pre-Assessed..
App. Filed.......
16-05-2013
Doc's Request.
already submitted with application
Nomination.....
N/A
AOR Received.
25-07-2013
IELTS Request
already submitted with application
sabby2612 said:
as long as it's not a loan, you can withdraw your funds (however, nobody, nobody can tell u for sure if they call to check the balance in your account). It's just in the case of loans (which aren't disbursed) they call and check (now this is for sure). So to be on safer side, if you don't need to withdraw the funds, dont... other wise do so... it shouldn't make any difference.

Cheers!
Thanks ... Well i dont hv urgency ... Better to keep i guess ...
 

MrKhan80

Star Member
May 20, 2012
166
0
Dear Friends ,

I just need to know how long the bank statement is for Study permit application as i have bank statement from 1st jan till 9 march is that acceptable to chc ?

Regards

Khan
 

Nadeem_jee

Champion Member
Mar 7, 2010
1,572
7
U.A.E
Visa Office......
ABUDHABI
Job Offer........
Pre-Assessed..
App. Filed.......
28-02-2010
Doc's Request.
30-04-2010
Nomination.....
00-00-00
AOR Received.
30-04-2010/1st AOR
IELTS Request
01-04-2010
File Transfer...
9-06-2010/25-08-2010 2nd AOR
Med's Request
Waiting
Med's Done....
Waiting
Interview........
00-00-00
Passport Req..
Waiting
VISA ISSUED...
Waiting
LANDED..........
Waiting
MrKhan80 said:
Dear Friends ,

I just need to know how long the bank statement is for Study permit application as i have bank statement from 1st jan till 9 march is that acceptable to chc ?

Regards

Khan

Bank statement should be maximum one month old not more then this and better 6 months statement..... like if u apply on 28th april.. ur bank statement should be till 1st april.. and better to take bank statement in the end when u are near to deposit the Application.. suppose u need to apply on 10th april apply for ur Bank statement on 2 or 3 april so that u can take the statement uptill 1st april.... and it should be minimum 6 months....

i submit my application on 15th april and my statement was till 1st april and for a year.. as it was a geniun bank statement not purposely keep for visa purpose and chanrges from bank for 6 months and 1 year was same so why not to keep 1 year heehhe!!!
 

farhan88

Hero Member
Mar 2, 2013
377
8
124
Canada
Category........
Visa Office......
ISLAMABAD and OTTAWA
Job Offer........
Pre-Assessed..
App. Filed.......
04-09-2016
AOR Received.
04-09-2016
IELTS Request
Provided band 9
Med's Request
Passed
Interview........
Not needed
Passport Req..
30-12-2016
VISA ISSUED...
W8ing
LANDED..........
W8ing
4 months are enough, time does not matter like it should be atleast 3 months what they all care about is the standing balance
 

sabby2612

Hero Member
Mar 14, 2013
929
39
Job Offer........
Pre-Assessed..
Bank Statements needs to be six month old. While you apply for the the visa, your bank statement shouldn't be more than a month old (for example of you are applying on 1st June, your bank statement's last transaction shouldn't be older than 1st May). However, it is always wise to submit as latest as possible. If you are applying on 1st June, then your SOA's last transaction shouldn't be older than a week. It's also important to keep in mind, in the six months statement, balance should be maintained, it shouldn't indicate deposit and withdrawal in the same month. Minimum balance maintained in a month is taken into consideration.

Cheers!
 

sanjeet_rock

Member
Mar 14, 2013
15
0
1 doubt here..

Say I have to show 4 lakhs INR and my bank statements are from Feb-June.

I didn't have 4 lakhs in Feb,March and April....the avg would be around say 50k INR in these months.

However I somehow manage to gather 4 Lakh INR in May and apply for VISA in JUNE mid.

Will this be a problem??

Should the amount be available all through the 4 months or do they just see the available balance at the end of the bank statement?
 

tiger007

Champion Member
sanjeet_rock said:
1 doubt here..

Say I have to show 4 lakhs INR and my bank statements are from Feb-June.

I didn't have 4 lakhs in Feb,March and April....the avg would be around say 50k INR in these months.

However I somehow manage to gather 4 Lakh INR in May and apply for VISA in JUNE mid.

Will this be a problem??

Should the amount be available all through the 4 months or do they just see the available balance at the end of the bank statement?

Hi,

Problem is... the rule - Minimum 4 month's bank statement required (For citizens of India).

And 4 month's bank statement means that; the minimum desired amount should be maintained and shown in all of the targeted 4 months, not just the last month...

So, if you have to show a 4 lac's INR bank statement for 4 months... BUT deposit 4 lacs INR at the end of the 4th month (June)... then it becomes, just a 1 month bank statement of 4 lacs INR.


Hope you got the point.



***All opinions expressed are purely personal, and pieces of information mentioned are to the best of my knowledge... You should consult other sources too.
 

sabby2612

Hero Member
Mar 14, 2013
929
39
Job Offer........
Pre-Assessed..
Your query has already been answered. Though let me put some more light on it. Every month, the lowest amount you maintain will be taken into consideration. So if you deposit 400k in your account on 1st February but withdraw 300k in any form, be it cash withdrawn (least recommended), payment to third party (online or via cheque) or utility payments/purchases, only 100k will be considered as your balance for the month. It doesn't go like the minimum balance concept of the bank where if minimum balance required is 10k and you maintain it anyhow in a month, they won't mind you keeping only 5k on a given day in the month. Hence, for you to show 400k, you need to maintain this balance through out. Now, when you prepare your bank statement, ensure you do not deposit 400k all of sudden. There should be trend and if you can attach source of funds then nothing better than that. Another option for you to do is, you need not maintain such a balance in your account, just have a decent amount of 50 to 100k in your account and go for Fixed Deposit (FD should be at least 6 months old). But what I wonder is, if you are from India, then why you have to worry at all about all this, simply pay tuition fee out of your own funds and purchase GIC, that's it. Isn't it simple. On top of that, you need to only show ITR of your parents/urself (if you applying under general category) and if you are applying under SPP, you don't have to do anything at all except pay tuition fee and purchase GIC, no ITR, No Bank Statement, no property papers, nothing at all (yeah of course educational docs, medical, passport etc).

Cheers!
 
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cute_guy

Hero Member
Feb 7, 2013
330
5
Hey,
I'm liitle confused in here, I was under the impression that we need GIC or Student Loan +study fees for applying to CHC India. So where does this bank balance/statement thing come in to picture ........Am'I missing something here! Pls clarify !!!!
 

sanjeet_rock

Member
Mar 14, 2013
15
0
Hi Sabby,

I cannot pay tuition fee from here without registering.Once I go to the University and register for courses,then depending on the number of credits I will have to pay the tuition fee.And also the university doesn't go through the GIC route (Simon Fraser University).

I was thinking of arranging the required funds from friends and family members and show the bank statement as a proof of funds.But I won't be having the lump-sum maintained for whole 4 months (as discussed above)and that is making me worried now.

Also I have applied for an edu-loan but its not the whole amount,just 1/4th of what I'll be showing.

Let me tell you the breakup then maybe you can advise me better.The Univ offer letter says 9.5k CAD for a year as tuition fee.Add to that 10k CAD as living expenses as mentioned in the CIC website.So total is around 20k CAD (around 11 Lakhs INR)

I will be taking loan of 4 Lakhs.Rest 8 lakhs I will be showing as Bank Statements of parents and mine(which will be arranged in lump-sum) over this month.So as you see this money just shows up in a month and won't be available through out the 4 month statement period.

What should I do in this case?
 

sabby2612

Hero Member
Mar 14, 2013
929
39
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Pre-Assessed..
@Sanjeet Rock, first of all, I do not understand why are you taking only 400k loan where as the required amount is around 1100k? and also to my understanding, banks usually sanction the total amount of tuition plus living as mentioned in the LOA. I hope you aren't taking personal loan as personal loans aren't considered for Study Permit. Now as far as paying tuition fee is concerned, you can pay tuition fee from India only. Of course you need to first apply in the University and once they approve your file and issue you LOA, then you need to pay the fee. In fact, if you see the CHC checklist, you will find that you need to attach tuition fee receipt ( at least of one semester ) and GIC has nothing to do with college or University. GIC is to prove that you have enough funds to pay for your living expenses for a year in Canada. GIC is a requirement from CHC not University. In fact GIC is not only a good option but also strengthens your case and doesn't attract requirement of extra docs such as ITRs or Bank Statements.

Now, I am assuming you have 400k from loan amount and rest 700k from friends and family. If you are taking this money only to show funds and going on your own, I must tell you, it's going to be very hard there. Yes, this is a way to not to block your money ( such as in GIC, your 10,000 CAD will be blocked, you can withdraw only 2000 CAD every two months). And the reason why CHC has introduced this GIC SPP option is to get rid of cases where people take fake loans (just show approval letter and apply with it).

Now, following things are very important to keep in mind/to understand;

1. this loan of 400k, is educational loan or personal loan?
2. rest 700k borrowings from family, is it a real borrowing or just to show funds in your account.
3. You will need to maintain balance as mentioned earlier, what you said won't help your case at all. You can't just show a pool of money in your account all of sudden. They will question it and will demand proof of funds.
4. I will strongly recommend, you must carry at least 200 to 300k INR with you to Canada as you won't start earning from day one and living expenses will be on your head form the moment you land there. You can't legally work until you complete actual study of 6 months and ( on campus jobs for the first initial 6 months is very hard to find and is only for 20 hours a week).

Cheers!
 

sabby2612

Hero Member
Mar 14, 2013
929
39
Job Offer........
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@cuteguy, do not get confused. what you know is right and in fact a preferred option by CHC. Under SPP, it's strongly advised to pay tuition fee and purchase GIC ( now you can do it from your own funds or via bank loan) and no further docs of proof of funds required. Simple, isn't it?

Cheers!