Tier 1 Maintenance Requirements Doubt

[Truxtier1]

Hi
I am based in India. I am a Tier 1 UK Visa Applicant( complete newbie). I have gone through the rules and the Points calculator and have decent clarity on my chances.
One issue that I face is on the Maintenance Requirements. It says that 2800 pounds must be the minimum balance in your account for 3 months. Now thats a sum of over Rs 2 lakh if I convert directly. Is this how I am supposed to calculate? Some guidance from experienced folks will be highly appreciated.
Also any Tier 1 UK Visa Applicants Group in Blore? Would like to get in touch with someone......
Thanks and Regards....

[deepakad]

2800 * 80 = INR 224000/- approx..to be safe side, Keep INR 240,000/- and hope the ROE same the same for next 3 months.

[satheeshkumar]

Hi deepak

i was told that we need to have 2800 GBP at the time of application in our account and only 800 GBP has to be there for 3 months prior to application...

Can you plz check on this?

I have got my approval by 7th april and would be applying for EC.


Also is it mandatory to enter UK within 3 months of EC approval date? I mean do we have to face any problems in that case?


Regards.

2800 * 80 = INR 224000/- approx..to be safe side, Keep INR 240,000/- and hope the ROE same the same for next 3 months.

[Satnov]

HI Satheesh

Can you tell me what you did for your different names - It will be very helpful.

Thanks

Sathish

[Raji_karmlaw]

Hi Satish.
Its GBP 2800/ throughout for applicants who have never lived or worked in the U.K.

[Satnov]

HI Raji

I was asking about the different names and not maintenance.

Thanks

Sathish

[FLO]

Sathees,
Pls, note that 2,800GBP is the required minimum maintenance fund for principal applicants and should be resident in ur account for minimum of 3 months. The 800GBP is only for those applying within UK and who has been living there for the past 12 months. Even if in UK, u still need to maintain this for 3 months. The waiver given to UK applicants to apply without looking at how long the money has been in account actually lapsed by end of June. So, irrespective of where u are applying, u need to maintain ur req. maintainance fund for min of 3 months. To be on the safer side, use consular exchange rate(which is a bit higher than what u see in oanda.com) for ur conversion. This is to give a margin to exchange rate flunctuation.