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Very mandatory to show bank balance. Though you can present bond or the amount in share certificate preferably notarised.
SETTLEMENT FUND IS A CRUTIAL REQUIREMENT
 
Its one of the requirement. though i heard when you have people to support you like family you might get a way with it. BUT ITS A MUST YOU MUST HAVE FUNDS. medical insurance for 1st 3 months is very expensive, finding accomodation , buying clothes etc.etc. Its will be a new experience but funds having will give you comfort.
 
It is very much important to ensure that you have financial resources to stay there for the first 6 months without any problem.