Conversion Rate regarding Maintainenece funds!

[raghava39@rediffmail.com]

Dear members,

I have a query regarding the conversion rate regarding maintainance funds section. The policy states that the applicant needs to at least have 2800 GBP in his account for at least 3 months prior to his application. It does not clearly state the conversion rate to be taken if SB account is in currency other than GBP, (in our case it is INR.). Please advise.

Thanks
Raghavendran.G

[push]

It would be the date of the statement

[raghava39@rediffmail.com]

Thanks a lot for the reply.

Thanks
Raghavendran.G

[sunny_hsmp001]

It would be the date of the statement

would it be the last day of statement i.e. last day of the 3 months period

or will it be the day on which the balance in account was lowest ?

Please confirm.

thanks

[push]

Makes more sense to use the rate applicable on the last day of the 3 month period but ideally as it should be very close to the date on which the bank statement has been issued owing to the 7 day (now 1 month) restriction any of these dates should be fine.

[push]

Just to make a correction to my earlier post re conversion rate to be used for maintenance funds:

How we assess maintenance (funds)
Maintenance (funds) can include:
cash savings in your account that have been in your account for at least three months before your application;

cash savings in a joint account that have been in your joint account for at least three months before your application;

cash savings in a account overseas (we convert the amount to pounds sterling using the rate which appears on the OANDA website, which you can finds on the right of this page, and the date on your bank statement), that have been in your account for at least three months before your application.