{"id":34643,"date":"2019-08-19T18:17:11","date_gmt":"2019-08-19T12:47:11","guid":{"rendered":"https:\/\/blog.akbartravels.com\/?p=34643"},"modified":"2019-08-19T18:17:11","modified_gmt":"2019-08-19T12:47:11","slug":"how-much-bank-balance-is-required-for-your-visa-application","status":"publish","type":"post","link":"https:\/\/www.akbartravels.com\/in\/blogs\/how-much-bank-balance-is-required-for-your-visa-application\/","title":{"rendered":"How much Bank balance is required for your Visa Application"},"content":{"rendered":"\n

One of the common question asked often by our customers is, \u201cHow much money should I show in my bank account?\u201d and to this we have only one answer, \u201cThe amount of money in your account must be sufficient to support all the expenses of your trip\u201d. This will majorly depend on how long is your trip going to be, whom are you travelling with (number of family members) and how much are you planning to spend for your trip? Assume that you are travelling to Singapore and your Singapore trip<\/a> will amount to Rs. 43,000\/- (approx.), then you must show the Singapore High Commission that you have that much money and a bit more for additional expenses (shopping, food etc).<\/p>\n\n\n\n

Planning an international trip is not about getting the visa<\/a> and landing in the country. No country will ever issue you a visa in the first place, if you don\u2019t have sufficient funds to support yourself and your family (even if not accompanying the main applicant). One of the key elements for a successful visa application for any country lies in the strength of your financial documents. Hence furnishing proper proof of financial stability is vital and your bank statement is the basic requirement of a visa application for any type of visas, be it tourist, business, visit, work or student visa. A well maintained bank statement with adequate bank balance is a guarantee that the applicant has enough finances to pay for all travel costs as well as has the funds to meet the cost of living at the time of stay in that country. <\/p>\n\n\n\n

Embassies all over the world are very strict about the financial documents you need to submit for your visa application. The money you are required to show for your maintenance can be in your bank account, in parent\u2019s accounts or in a joint account with your name. <\/p>\n\n\n\n

Also, do not assume that just because you have a lot of money in your bank account, this will be acceptable \u2013 the money needs to be held for a set period of time and the documents need to be in a very specific format. Some applicants at times tend to borrow money from their friends or relatives for the visa application, without being aware of the repercussions it will have on their application. Please remember, a sudden transfer of a huge sum just before applying for the visa can arouse suspicion in the minds of the Visa Officers, leading to a visa rejection. <\/p>\n\n\n\n

It is really\nimportant that you understand how to meet the financial requirements before\napplying, as it can be very easy for your visa application to be refused if you\nget it all wrong.  Below are the general\nrequirements for submitting the bank statement:<\/strong><\/h4>\n\n\n\n