- FAQ
- Login
- Register
- Call Workpermit.com for a paid service +44 (0)344-991-9222
ESC
Welcome to immigrationboards.com!
Moderators: Casa, Amber, archigabe, batleykhan, ca.funke, ChetanOjha, EUsmileWEallsmile, JAJ, John, Obie, push, geriatrix, vinny, CR001, zimba, meself2, Administrator
In my opinion, the whole point of maintenance fund criteria is to make sure you will have enough funds in the time of need. The money should be available to you when you need. I don't think there is any problem in showing NRE account for maintenance funds. It's your money and you have can use it whenever you want..however you want. I am not sure about the reservations from other members.hsmpnow wrote:Thank you so much for your comment, Chetan. Truly appreciate it. I will now use the NRE account to prove the fund maintenance.
I can see on the guidlines that following is acceptable as an evidence to support maintenance fund requirement :
Letter from a financial institution iv) regulated by the Financial Services Authority (FSA) or, in the case of overseas accounts, the home regulator (official regulatory body for the country in which the institution operates and the funds are located) confirming funds:
The letter from the financial institution regulated by the Financial Services Authority or home regulator should show:
• the applicant’s name;
• the account number;
• the date of the letter;
• the financial institution’s name and logo;
• the funds held in the applicant’s account;
• and
that the funds of £2,800 or £800 have been in the bank for at least three consecutive months on and immediately before the date of the letter. The letter must be dated no more than one calendar month before the date of application. We will not accept letters which show the balance in the account on a particular day as these documents do not show that the applicant holds sufficient funds for the full period needed.
Apart from the fact the clause clearly says 'overseas accounts', it's worth noting that the clause further goes on to mention £2,800 or £800 , indicating that the overseas accounts can be shown for 'out of ountry' as well as 'in country' applications.
But, people are a bit wary of showing NRE account and I have noticed these reservations on some threads on this forum too. Should I take it as based on unfounded fears or based on real-life experience or just common sense wisdom.
Thnks
HSMPNOW
You will be fine. Make sure you have corroborative evidence for maintenance funds...and your balance has never went below the required amount in anytime in the last 3 months(even for one day).hsmpnow wrote:Hi Chetan.. do apologise but I could not locate those threads with reservations about NRE accounts ... though I thought I did. May be it was a reflection of my own unfounded fears... .Thanks for putting my nerves to rest.
You cannot show business account as your personal maintenance funds.insaneHO wrote:Hi hsmpnow - I am exactly in the same boat as you ie contractor with sufficient money in business and NRe accounts but not in personal accounts. I was wondering how you progressed. I am planning to show both NRe and business acoounts.