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You are fine with the letter and statements, what you need is proof of exchange rate on the day of applying and that must be only from Oanda. Enter the INR and convert it to GBP and take a print out of that and submit it along with your application.coretest wrote:My Maintenance Funds:
Claim Period: 10 Aug 2010 to 15 Nov 2010 (more than 3 months)
Conversion Rate considered is 73.80634INR per GBP, as on 15 Nov 2010.
Letter and account statement taken from the bank dated 15 nov 2010.
Shall I submit the same letter and account statement from the bank dated 15 Nov 2010 ?
Or do I need a new maintenance funds letter + account statement ?
I understand that you will claim points for your earnings, INR needs to be converted into pounds to prove that you have the required money.coretest wrote:if the above is valid, then why do I need the "proof of exchange rate on the day of applying".maintenance fund documents can be 'up to one month' earlier from date of application.
The case worker will only refer to OANDA for exchange rate and as all of us know that the exchange rate keeps on changing every day. Let me tell you that you don't need a letter from the bank manager but whatever amount you have just convert it on OANDA and check yourself if you have enough GBP after conerstion to claim points. Take a print out of that and submit it along with your application. They will consider the exchange rate of the day you submit your application and it will not effect your application even if the exchange rate goes up and down while your application is in process.coretest wrote:yes; you did provide a helpful answer.
Thanks a lot.
I am trying to find a way to avoid visiting the bank manager again for the letter.
I have already taken a letter from the bank manager dates 16 Nov stating that the minimum funds during the 3 month period is Rs.xxx; latest funds is Rs.xxx;
exchange rate as on 15 Nov 2010 is xxxINR per GBP.
I have already visited the bank manager 4 times & I dont want one more visit, if its avoidable.