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Jul 2, 2013
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Hi, I have an offer from Carleton University to transfer my credits from Imperial College London. I expect to have to complete roughly two years' worth of course work in order to be eligible to graduate from Carleton University.

I intend to apply for a student visa in order to begin my study this fall in 2013. My tuition fees are estimated to be $20750.

I have these to show as proof of financial eligibility:

1. My father's retirement fund worth roughly 25 lakhs.
2. My father's assets in property worth roughly 3 crores (as per my estimation).

My father will receive his retirement fund within this month, so I will be able to apply at the beginning of August.

Are my financial resources adequate to meet the student visa financial requirements?
 
yes, it is. But it would be good if your bank statement shows your father has constant source of income.
 
Thanks for your reply.

I am worried about a couple of things:

1. My tuition fees are $20,750 and the living expenses are $10,000. This amounts to 25 lakhs, so I barely manage to show that I have the funds to cover my tuition fees and living expenses.

2. Several sources stipulate that I have to keep the liquid cash in a bank for at least four months. (Some even say six.) But my father will receive his retirement fund this June and I will be applying immediately afterwards. So, the liquid cash will not have been stored for the stipulated time-period in a bank account.

3. You mention that my bank statement should show that my father has a constant source of income. However, my father's retired now and the only source of income is the rent from our properties. The transaction does not occur through a bank, so I am not sure how I might be able to show my father's source of income.
 
trumpeteer1234 said:
Thanks for your reply.

I am worried about a couple of things:

1. My tuition fees are $20,750 and the living expenses are $10,000. This amounts to 25 lakhs, so I barely manage to show that I have the funds to cover my tuition fees and living expenses.

2. Several sources stipulate that I have to keep the liquid cash in a bank for at least four months. (Some even say six.) But my father will receive his retirement fund this June and I will be applying immediately afterwards. So, the liquid cash will not have been stored for the stipulated time-period in a bank account.

3. You mention that my bank statement should show that my father has a constant source of income. However, my father's retired now and the only source of income is the rent from our properties. The transaction does not occur through a bank, so I am not sure how I might be able to show my father's source of income.

No need to worry bro.

1. Go for educational loan , show it in your visa file.
2. Yes thats true , bank accounts should have funds for some time.
Show your fathers ITRs and salary slips if possible to make ur case stronger.
3. Not necessarily; Show the property evaluation docs if possible!!!