Immigration New Zealand’s funds requirements proof for student visa applicants from India, other South Asian nations
Posted on July 28, 2016
Applicants for student visas from India, Sri Lanka, Bhutan, Nepal and Bangladesh must provide proof that they have enough money to take care of themselves while studying in New Zealand, according to Immigration New Zealand.
Proof of only certain funds is acceptable. The funds should be wages slips and the previous months corresponding bank statements to show transfers into the student’s or his/her sponsor’s or bank account of the financial sponsor. Tax returns for the last three years should be provided in order to corroborate regular income.
Other proof of funds can be a fixed-term deposit that should be a minimum of six months old or a GPOF (General Provident Fund) or EPF (Employer Provident Fund) statement held with a RBI (Reserve Bank of India) accredited financial institution.
Funds sourced from Kisan credit card loans, gold loans, agricultural income or property sales are only accepted if the students or their sponsors have held these funds for a period of six months or more. The source of these funds must be verifiable.
If a person wants to study for over a year, a payment plan must be provided and proof of how she/he would pay for their tuition and living expenses for the entire period spent in New Zealand. The proof of savings and income backing the student’s payment plan must cover the last three years.
If you intend to go to New Zealand to pursue studies, come over to Y-Axis and get the best possible guidance and assistance to file for a visa at one of our 19 offices, which are located in major cities of India.