FUNDS REQUIREMENT FOR INDIAN STUDENTS
If you’re applying for a student visa, you must provide evidence you have enough money to maintain yourself comfortably while studying. There are many different methods of saving and borrowing to pay for education, and therefore many different kinds of evidence. Not all evidence of funds is acceptable, and you’ll need to provide documents that can be checked and show the money will be genuinely available to support your study.
Proof of funds should include wages slips and corresponding bank statements for at least the last months showing transfers into your or your sponsor’s or financial guarantor’s bank account.
You should also provide tax returns for the last three years to confirm regular income.
Other evidence of funds can include a fixed-term deposit that is at least six months old, or a General Provident Fund (GPF) or Employer Provident Fund (EPF) statement held with a Reserve Bank of India (RBI) approved financial institution.
We’ll only accept funds sourced from gold loans, Kisan Credit Card loans, property sales or agricultural income if you or your sponsor have held those funds for six months or longer. We must also be able to verify the source of these funds.
If you intend to study for more than 12 months, you should provide a payment plan, and evidence showing how you’ll pay your tuition and living expenses for your entire time in New Zealand. The evidence of savings and income supporting your payment plan should cover the last 3 years.