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Maintenance Funds query

Archived UK Tier 1 (General) points system forum. This route no longer exists.

Moderators: Casa, Amber, archigabe, batleykhan, ca.funke, ChetanOjha, EUsmileWEallsmile, JAJ, John, Obie, push, geriatrix, vinny, CR001, zimba, meself2, Administrator

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mark1017
Newbie
Posts: 36
Joined: Mon Apr 20, 2009 3:57 pm

Maintenance Funds query

Post by mark1017 » Mon Jun 15, 2009 11:58 am

What is the minimum amount we have to show in the bank for maintenance of funds?

Regards

sunny2004
Newbie
Posts: 46
Joined: Fri Apr 17, 2009 8:56 pm

Re: Maintenance Funds query

Post by sunny2004 » Mon Jun 15, 2009 5:05 pm

mark1017 wrote:What is the minimum amount we have to show in the bank for maintenance of funds?

Regards
If applying from Inside UK : £800 + £550/dependant.

mark1017
Newbie
Posts: 36
Joined: Mon Apr 20, 2009 3:57 pm

Maintenance Funds query

Post by mark1017 » Mon Jun 15, 2009 5:07 pm

Thanks m8 but this will be from India..in My Indian bank account?

sunny2004
Newbie
Posts: 46
Joined: Fri Apr 17, 2009 8:56 pm

Re: Maintenance Funds query

Post by sunny2004 » Mon Jun 15, 2009 5:09 pm

mark1017 wrote:Thanks m8 but this will be from India..in My Indian bank account?

£2,800

Try following link. you will get everything you want:

http://www.ukba.homeoffice.gov.uk/sitec ... 310309.pdf

mada01
Newly Registered
Posts: 15
Joined: Thu Jun 04, 2009 10:06 pm

Re: Maintenance Funds query

Post by mada01 » Mon Jun 15, 2009 6:08 pm

sunny2004 wrote:
mark1017 wrote:What is the minimum amount we have to show in the bank for maintenance of funds?

Regards
If applying from Inside UK : £800 + £550/dependant.
Hi Guys

if i am not wrong, maintenance funds for dependent is £533 not £550.

push
Moderator
Posts: 3530
Joined: Thu Jun 21, 2007 1:32 am
Location: London
United Kingdom

Re: Maintenance Funds query

Post by push » Mon Jun 15, 2009 8:31 pm

mada01 wrote:
sunny2004 wrote:
mark1017 wrote:What is the minimum amount we have to show in the bank for maintenance of funds?

Regards
If applying from Inside UK : £800 + £550/dependant.
Hi Guys

if i am not wrong, maintenance funds for dependent is £533 not £550.
533
regards,
push
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AkashS
Member of Standing
Posts: 306
Joined: Sun Jul 09, 2006 7:58 am
Location: Bangalore

Post by AkashS » Tue Jun 16, 2009 4:30 pm

Hi Push_HSMP,

I need a small help from you regarding maintenance fund and hope you will be able to help me:

1) As far as maintenance fund is concern and if I am understanding it correctly, one can take loan to show the Maintenance Fund and EMI deduction on bank statement for the maintenance fund will not affect the application.

The language is little tricky so I just wanted to confirm it with someone like you who can guide me properly :)

2) I have 3 Accounts:

One is HDFC Salary Account where I am maintaining Rs. 200000 minimum at any given time. Car and Personal Loans EMI is also deducted from this account.

Second is my ICICI Bank Account where I am maintaining Rs. 10000 at any given time. This account is not used so frequently.

3) Third is a Joint Saving Account with my wife where I am maintaining Rs. 14000 at any given time.

So total amount in these three accounts is at least Rs. 224000 which is eqv to GBP 2850 at current rate. I hope that is how they will calculate the fund that total amount is not going below 2800 GBP at any given day.

Now my query is that can I take statement from all these three banks and they will be accepted? Also, it is mentioned in the guidance note that The exchange rate of overseas currency will be made using the OANDA rate conversion on the date of application. So if on the date of application it is even more than GBP 2900, will it be accepted or in case it is slightly lower and I wait for 1-2 days more and then make my application through VFS, will that also be accepted?

Please advise. Thanks.

Regards,
Akash...

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