How much amount do I need to maintain in my bank account for visa purposes for studying in New Zealand or the UK?
For the UK, students generally need to show funds covering: • Any unpaid tuition fees for the first year, plus • Living expenses for up to 9 months. The current UK living expense requirement is: • Around GBP 1,483 per month for London, which comes to approximately GBP 13,347 for 9 months • Around GBP 1,136 per month outside London, which comes to approximately GBP 10,224 for 9 months These funds usually need to be maintained in the bank account for at least 28 consecutive days before submitting the visa application. For New Zealand, students generally need to show: • Tuition fees, plus • Living expenses of around NZD 20,000 per year. For both UK and NZ, Funds can typically be shown through savings accounts, fixed deposits, or an education loan sanction letter. For NZ, Visa authorities also evaluate the source, consistency, and genuineness of funds, not just the account balance itself.
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