• Bank Balance for US Student Visa

    How much bank balance should i have to attend US Student Visa? How to show funds for F1 Visa Interview? How to prepare CA and CE documentation for student Visa? Clarifying on Liquid assets and Fixed assets in visa interview

    Bank Balance for US Student Visa

    You need to show proof of funds for the duration of the study mentioned on the I20. Schools usually estimate the tuition fee and living expenses for 12 months of study at the school.

    If your degree duration mention on I20 is 24 months, you should have funds for amount specified on I-20 for the 2 years which is double the amount mentioned on I20.

    If you I-20 says $25000 for the first year, you need to have money of $50000 for the entire duration of the study. Some course may have 36 months duration on I-20.

    On the bank statement, your bank balance should reflect US Dollars so that visa officer can understand it.

    Bank statement format for F1 visa Interview>>

    Preparing financial documentation for student visa

    You can show bank balance or cash as liquid funds. Liquid funds are nothing but readily available funds. More liquid funds for good for visa interview.

    Fixed assets are your lands, house, car etc. You may sell them in future if you need some money.

    Alternatively you can have student loan for visa interview in place of these funds for student visa. Though you have full fee waiver or assistantship from the university it's better to show your funds.

    Contact a Chartered Accountant (CA) and CE (Civil engineer) to evaluate your fixed assets and to assess the value.

    Get a bank statement from the bank showing bank balance in USD. Here is the more information on Bank balances, necessary documents for F1 visa.

    Checklist for US Student visa
    Financial documents required for US Visa visa

    Here is a student's question on Bank balances and amounts for US Student visa.

    My I20 sum is 22 lacks( first year alone) - I have 17 lacks loan and 6 lacks cash. For second year iam showing some property as financial account.
    1. Is it a problem to show major part as loan for 1st year amount ? Has anyone completed Visa interview as my case ? Or done only with loan amount?
    2. For Second year amount showing property in CA document would do ?
    Either way you can answer. All you need is proof of funds. You had enough bank balance for F1 visa and CA documents for property evaluation.
    Comments 1 Comment
    1. Hiral's Avatar
      Hiral -

      I have received my I-20 and GRA, do I still need financial statements?
    Comments Leave Comment

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