Maintenance Fund - Document Query

[oz_to_uk]

Hi All,

Just to clarify, A bank statement of 3 months is sufficient to show maintenance fund of 2800 pound ? or anything else is suggested as proof ?

Also, what date currency conversion rate one should use ? I am having fund in Australian $.

[vnvijay]

Hi,

Job market in Uk is not so good at the moment.

the last day of the month which ur claiming!

e.g if the oct salary is credited on 31st u need to take the exchange rate on 31st.

VJ

Hi All,

Just to clarify, A bank statement of 3 months is sufficient to show maintenance fund of 2800 pound ? or anything else is suggested as proof ?

Also, what date currency conversion rate one should use ? I am having fund in Australian $.

[niw2]

He is asking about the exchange rate to use for his maintenance funds, not his previous earnings, so your answer is not necessarily correct.

For your maintenance funds, you must use the exchange rate provided by Oanda.com at the last date shown on the bank statements used to prove your funds.

[vnvijay]

Also, what date currency conversion rate one should use ? I am having fund in Australian $.

i have answered for the above question, but missed out his 1st question.

my answer is correct, last day of the claim period

He is asking about the exchange rate to use for his maintenance funds, not his previous earnings, so your answer is not necessarily correct.

For your maintenance funds, you must use the exchange rate provided by Oanda.com at the last date shown on the bank statements used to prove your funds.

[oz_to_uk]

To avoid any confusion, I would like to rephrase my question

1. For maintenance fund requirement, A bank statement of 3 months is sufficient to show maintenance fund of 2800 pound ? or anything else is suggested as proof ?

2. For maintenance fund requirement, what date currency conversion rate one should use ? I am having fund in Australian $.

for 2nd question , I understand if you are taking 3 months period from 12 th sep 08 - 12 dec 08 , then you will take 12 dec 08 currency rate at onada.com ?

Please clarify.

[niw2]

1. For maintenance fund requirement, A bank statement of 3 months is sufficient to show maintenance fund of 2800 pound ? or anything else is suggested as proof ?

That is sufficient, unless you have an online account, in which case you will need to get the printed statements stamped and signed by your bank, and obtain a letter from them confirming that you have held the requisite sum for three months at the appropriate exchange rate.

2. For maintenance fund requirement, what date currency conversion rate one should use ? I am having fund in Australian $. for 2nd question , I understand if you are taking 3 months period from 12 th sep 08 - 12 dec 08 , then you will take 12 dec 08 currency rate at onada.com ?

Correct. As stated above, the exchange rate is the exchange rate provided by Oanda.com on the last date covered by the bank statements provided by you to prove your maintenance funds.

my answer is correct, last day of the claim period

Your original answer was misleading and potentially incorrect. You stated e.g if the oct salary is credited on 31st u need to take the exchange rate on 31st., when the date a person's salary was last credited is entirely irrelevant for the purposes of determining which date's exchange rate is correct when calculating maintenance funds.

[sri_sunny]

A bank statement of 3 months is sufficient to show maintenance fund of 2800 pound ? or anything else is suggested as proof ?

If bank statement is original, it is sufficient.
If it is online statement printed, then a letter of authenticity along with official stamp on the statement required.

As per policy guidelines, this would suffice. However, I have heard that Brit Hi Comm rejects for not attaching a letter from the bank manager confirming the MF held.

If u r applying from OZ then use the conversion rate between OZ$ & GBP on Oanda.

The date of the xchange rate wud be the date u print ur bank statement which is anyday within a week before the date of your application.

Hope it answers.

[sri_sunny]

Hi NIW2,

Can u pl confirm that xchange rate for MF is taken from the last date of the MF period or is it any day when u print the statement within a week before ur application date?

Remind u, if ur earlier is right then applicants will be left with only one option ie., xchange rate of the last day of the statement period and if by chance due to rate fluctuation, if I cannot fulfil GBP 2800 then I will not be apply considering that MF period and will have to wait for another day when the rate goes below my threshold which is not the case.

I have 7 days flexibility of chossing the xchange rate and thats what I have understood from policy guidelines.....


Can u clarify?

[oz_to_uk]

Thanks all, special thanks to niw2 for clarifying doubts clearly.

niw2, just let me know if you have any suggestion for sri_sunny statement "As per policy guidelines, this would suffice. However, I have heard that Brit Hi Comm rejects for not attaching a letter from the bank manager confirming the MF held."

I was about to ask following but sri_sunny clarified my doubt. Thanks sri.

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niw2, further generated query from your response of online savings a/c

1. I have online savings a/c, if bank provides me 3 months ORIGINAL (with their logo and and name etc) statement for 12th sep 08 to 12 dec 08 then I DON'T require to submit letter confirming that I have held requisite sum for three months.

2. I have online savings a/c, If bank bank doesn't provide me original statement , they provide me printout of statement for 12th sep 08 to 12 dec 08 then I need them to stamp and signed the printed out statements.
Again, a letter stating that I have held requiste sum for 3 months is required or not ?

Please clarify. let me know if something confusing.
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[sri_sunny]

as per my understanding, irrespective of online/original bank statement, letter from Manager of the bank confirming the funds held seems to be an unwritten pre-requisite.

letter of authenticity will accompany only if manage online statement. If its original with bank logo on it, no letter of authenticity is required.