Tier1 - Fixed Deposit with Letter from the Bank

sreenivas kumar · Post by **sreenivas kumar** » Thu Jun 05, 2008 2:14 pm

Hi Guys,

Iam going to apply for tier one I want to know if fixed deposits with a letter from Bank would do for the maintenance criteria? Senior members please answer.

Post by **John** » Thu Jun 05, 2008 2:31 pm

How long to go before the maturity of the deposit?

sreenivas kumar · Post by **sreenivas kumar** » Fri Jun 06, 2008 9:15 am

On August 14, 2008. But I do have also deposits worth around 3.5lacs which are withdrawable at any time but get matured some where in 2009 and 2010 for these can I submit a letter stating that these fixed depoists can be liquidated and that minimum amount of 3.5 lcas can be withdrawn?

Regards

Post by **John** » Fri Jun 06, 2008 9:30 am

Given what you say about the ability to withdraw the funds at any time, and the deposit maturing in two months time, I think you could include all those funds. However if there is a penalty for early withdrawal you should deduct that potential penalty in stating the funds available.

sreenivas kumar · Post by **sreenivas kumar** » Fri Jun 06, 2008 4:05 pm

Will I be able to succeed? Because as per PBS I think iam falling in the third point.

"You must send one or a combination of the following:

1. personal bank or building society statements covering a period of three months;
2. building society passbook or passbooks covering a period of three months;
3. letter from your bank confirming the level of funds in your bank account and that they have been held in that account for at least three months;
4. letter from a financial institution regulated by the Financial Services Authority confirming

amit0277 · Post by **amit0277** » Sat Jun 07, 2008 6:08 am

I would appreciate if someone can clear my doubts:

1. Can I show the money deposited in Bank Fixed Deposit?

2. I have an account with HSBC UK. The last deposit was made in Jan 2006. Can can show this money as maintanance fund.

3. I have lended my money to a company in 2006. Now I have taken back that money to show as maintanance fund. What should I mention for the source of this fund.

Please guide.

Thanks
Amit

harakiri · Post by **harakiri** » Sat Jun 07, 2008 2:00 pm

sreenivas kumar wrote:Will I be able to succeed? Because as per PBS I think iam falling in the third point.

"You must send one or a combination of the following:

1. personal bank or building society statements covering a period of three months;
2. building society passbook or passbooks covering a period of three months;
3. letter from your bank confirming the level of funds in your bank account and that they have been held in that account for at least three months;
4. letter from a financial institution regulated by the Financial Services Authority confirming

I too had the same situation as yours and after reading the guidance notes several times and browsing through this forum, I have broken my FD and now have the amount in my bank account. No where it mentions that FD account is accepted. I am yet to apply for tier 1.

Cheers.

sreenivas kumar · Post by **sreenivas kumar** » Mon Jun 09, 2008 9:17 am

Dear All,

I have graduated from mahatma gandhi university, kottayam kerala. I have 30 points for my education, but for the english medium to my surprise my university is not listed

. Do I have to go for NARIC please suggest.

amit0277 · Post by **amit0277** » Mon Jun 09, 2008 3:56 pm

sreenivas kumar wrote:Dear All,

I have graduated from mahatma gandhi university, kottayam kerala. I have 30 points for my education, but for the english medium to my surprise my university is not listed . Do I have to go for NARIC please suggest.

Have you tried Selft Assessment tool on BIA site. Though it is not mandatory but I would suggest to go for NARIC. It might save you the processing fee if the degree is not recognised while processing your Tier 1 application.

sreenivas kumar · Post by **sreenivas kumar** » Tue Jun 10, 2008 9:25 am

Hi Amit,

I checked on the website, for education they are giving 30 points but in the english medium, my university name is not mentioned. How will a naric help for english medium? I think I have to go for IELTS. Any other alternative from senior members please let me know.

Post by **geriatrix** » Tue Jun 10, 2008 2:46 pm

The only option for you is to take one of the approved exams. No other alternative possible.

regards

sreenivas kumar wrote:Hi Amit,

I checked on the website, for education they are giving 30 points but in the english medium, my university name is not mentioned. How will a naric help for english medium? I think I have to go for IELTS. Any other alternative from senior members please let me know.

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Tier1 - Fixed Deposit with Letter from the Bank

Tier1 - Fixed Deposit with Letter from the Bank

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