currency rate

[sunny581]

Hi friends,
because of decrease in value of rupee, value of dollar has increased too high.
what is the embassy's rate to calculate funds for study visa at present?
is it still 48 or high? At which value(minimum) we should calculate our expenses?

I am calculating my loan as below, please tell me is it right or not?
80% of (one year tuition fee - first semester paid fee + $8000)

thanks to all.

[Jitu1011]

Hi friends,
because of decrease in value of rupee, value of dollar has increased too high.
what is the embassy's rate to calculate funds for study visa at present?
is it still 48 or high? At which value(minimum) we should calculate our expenses?

I am calculating my loan as below, please tell me is it right or not?
80% of (one year tuition fee - first semester paid fee + $8000)

thanks to all.

The Currency exchange rate will be the prevailing rate during the week of your application. They day VO assess your application he will consider the current exchange rate and consider little variation based on that week exchange rate. Secondly you should count all your expenses in $ terms so average living expenses is $12000/year so you should we calculating proof of funds total of YOUR FEES + $12000.

I would suggest you to take loan approval letter from PNB/OBC or other bank and file under SPP program to justify your case.

[dayal219]

me too would like to get a answer for this question. Some one kindly throw some light on this.

[OCEANDRIVE]

Hi
You have to go as per the applicable  study permit.

Right now it is CAD 125 equivalent to INR 6,625 ( exchange rate being 1 CAD = 53 INR )

So go by the given values.

Bear in mind your loan has to be  80% of tuition +living + travel expenses for one academic year (normally, first year's tuition, unless already paid, plus $8000). You cannot deduct the first term fees if you have paid from your own pocket.

[sunny581]

Thanks for reply.
loan has to be  80% of tuition +living + travel expenses for one academic year (normally, first year's tuition, unless already paid, plus $8000).
if we cannot deduct the first term fees if we have paid from savings.
then
What does it mean "unless already paid"?
thanks.

[OCEANDRIVE]

Thanks for reply.
loan has to be  80% of tuition +living + travel expenses for one academic year (normally, first year's tuition, unless already paid, plus $8000).
if we cannot deduct the first term fees if we have paid from savings.
then
What does it mean "unless already paid"?
thanks.

Unless already paid from the sanctioned loan.

[sunny581]

Thanks again.
Is 80% loan of first year fee+C$ 8000
or
80% loan of first year fee+C$10000
thank you very much.