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[Abdulw87]

Hi,

i just want to ask a quick question, does the UKBA accept bank statement for fixed deposit savings account (money fixed for certain amount of time with higher interest earnings). I read one of the documents and it was written "Note that property, shares, bonds pension funds, life insurance and similar savings accounts are not acceptable. This applies to your own and your parents accounts"

thanks in advance

[Deviser]

In which document did you read this?

[Deviser]

MONEY THAT CAN BE USED

153. A Tier 4 (General) student can use money held in an account owned by them or by his/her parents. If the Tier 4 (General) student is using funds held by his/her parent he/she will need to show us evidence that he/she is related to his/her parent(s)/legal guardian and that the Tier 4 (General) student has his/her parent(s)/legal guardian’s permission to use this money.

154. The evidence of money held must be of cash funds in the bank (this includes savings accounts and current accounts even when notice must be given), as a loan letter or official financial or government sponsorship available to the applicant. Other accounts or financial instruments such as shares, bonds, overdrafts, credit cards and pension funds are not acceptable, regardless of notice period.

155. The money a Tier 4 (General) student shows us must be for his/her use for studying and living in the UK. The full amount of this money – which should be held in the manner specified in this guidance - must continue to be available to the Tier 4 (General) student after his/her application is made, except for any money the student has had to pay for course fees and living costs.

This is what the UKBA officially published Tier-4 guidance says!

[Abdulw87]

[Deviser]

[sathyasp005]

Fixed deposit cannot be used. Only immediate access to money like saving account should have required balance for 3 months to show it as maintainence funds.

[ahmerrulz]

Hi all. If anyone can help me I would really appreciate. I submitted my application on 10 July CAS from London metropolitan university from Karachi vac. In the form where they ask do you have a NI number I wrote no Instead of writing yes. Cus I had a NI no. So will this effect my application? Do they check NI numbers? Please if anyone can help. Thank you
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Ahmer Mir

[Deepshithole2010]

Fixed deposit or rather term deposit is acceptable if applying from UK, however through personal experience and different banking rules in my country (India) always leads to Fixed deposit not acceptable even though the guidance clearly states that even where notice is required...which indicates term deposit but doesn't go onto elaborate different fixed deposit types.

In UK banks, even if you have fixed deposits in majority of the cases you can access your money (with penalty interest), however in certain countries like my own banks make it virtually impossible to have access to your money before the term expires which the ECO's are well aware.

Bottom line is if making an out of country application do not rely on fixed deposits, however if applying within UK it should be ok.

[Deviser]

[ahmerrulz]