Is maintaining a bank balance of fifteen lakhs for six months mandatory for the visa application in New Zealand?

No, maintaining a fixed bank balance of ₹15 lakhs for six months is not mandatory for a New Zealand student visa.

You must show enough funds to cover your tuition fees, living expenses (NZD 20,000/year), and return airfare. Your bank statements should prove these funds are genuinely available - typically for at least three months before you apply. The required amount depends on your actual tuition and course duration, not a set ₹15 lakh for six months.