sri_sunny wrote:I am still under the opinion that its the xchange rate from Oanda to be considered on the date of generating bank statement for maintenance fund.
Pl can someone correct me just incase if I am mistaken?
Even I would like know the same thing:
Situation: I am going to apply for Tier 1 in December and right now I am waiting for MF period to get over. I would like to explain the question in detail for Senior members to answer;
Lets say total amount in my bank account is Rs 2, 45000/- for MF. On Oct 1st 2008 the exchange rate was 2,800 British Pound = 241,556 Indian Rupee. On 15th of Oct 2008 I check and the rate has fluctuated; e.g. 2,800 British Pound = 246,000 Indian Rupee which is more than what I have in my account.
Will I have to restart everything I mean do I have to wait for 3 months starting from 15th Oct 2008 ?
OR
After 3 months on 30th Dec 2008 I check the exchange rate and it is less than the amount which I have in my bank account for MF. Would they consider that exchange rate for the past 3 months?
Please advice
Regards
Jedi001
