Fixed deposit is accepted as maintainance proof

This is what I got from Visa office,
I submitted same and got visa valid for 3 years.

A fixed deposit is only acceptable if it is accompanied by a current and original letter from the issuing bank stating that these funds have been held by you for longer than three months, and that they can be immediately encashed at a stated value . You must show the equivalent of £2800.

Great news!! Thanks for the update

Thanks CoolestGuyC for showing me the link & thanks to sharbt_hvr for posting the info abt FDs being valid.

BTW sharbt_hvr - did you get any written confirmation from any of the VFS ppl confirming the same?
What did you show to convince them with the FDs?
Also, any idea about the letter formats?

Thanks much,
vividprose

sharbt_hvr wrote:This is what I got from Visa office,
I submitted same and got visa valid for 3 years.

A fixed deposit is only acceptable if it is accompanied by a current and original letter from the issuing bank stating that these funds have been held by you for longer than three months, and that they can be immediately encashed at a stated value . You must show the equivalent of £2800.

Congratulations. Where are you quoting the above from? did you get an email/letter ? When you say VISA office, do you mean BHC or VFS?

Please clarify.

Kind regards,

push_hsmp

This is from British Deputy High Commission ,chennai from their mail response.

sharbt_hvr wrote:This is from British Deputy High Commission ,chennai from their mail response.

Thats wonderful. Settles the debate/concerns forever. I am supposing this was in response to your written queries to them. But you got it at the same time as your approval ??

kind regards,

push_hsmp

Thanks guys-

This is what the VFS finally answered to my query:

"With regard to your query, the applicant is required to provide 15 months bank statements of which 12 months should be consecutive and last 3 months should reflect 2800 GBP + 1600 GBP consecutively.

This evidence must be an original document, on the official headed paper or stationery and to be mentioned these funds are held in bank with the duration and is easily accessible (operator account)."

This almost confirms to what is stated above, but nowhere still they mention that [b]"FD is valid"[/b].

I am not feeling safe yet about this one.

Any inputs / suggestions?

Will it be relevant to ask BHC (British High Commission) and use the answer as supporting proof?

Hi All,

I sent an email to BHC regarding dependent maintenance and FD as proof for maintenance. Here's what they replied:

Sir,

If the dependant is applying with the principal applicant, it is essential that the funds should have maintained for 3 months.
FDs and Mutual funds have to be liquidated and deposited in the savings account and held for 3 months before lodging the visa application.
Trust the above clarifies.

Yours truly,

Casework Section
British Deputy High Commission, Chennai.
Visa Services
UK Border Agency
If you intend to reply to this e-mail, please ensure that you re-send all the information from your original enquiry.

apunan wrote:Hi All,

I sent an email to BHC regarding dependent maintenance and FD as proof for maintenance. Here's what they replied:

Sir,

If the dependant is applying with the principal applicant, it is essential that the funds should have maintained for 3 months.
FDs and Mutual funds have to be liquidated and deposited in the savings account and held for 3 months before lodging the visa application.
Trust the above clarifies.

Yours truly,

Casework Section
British Deputy High Commission, Chennai.
Visa Services
UK Border Agency
If you intend to reply to this e-mail, please ensure that you re-send all the information from your original enquiry.

Hi sharbt_hvr

In light of the above, can you please clearly explain as to when and how did you communicate with BHC and when and how did you hear from them? I am a bit perplexed by your statement that you got a letter regarding the FD as well as the Tier-1 !!

regards,

push_hsmp

Mine was Sweep in fd meaning it is part of savings account and whenever there is less amount in sb automatically fd money would be used.


i dont know for other cases ,pls be cautious or get more help from officers.

Please note that the account mentioned above is a special type of ICICI account where any money in excess of 10000 INR automatically gets converted to Fixed deposits. This has advantage of earning higher rate of interests than normal savings account.

But above account is special case : the Fixed Deposit is fully liquid, which means that when you spend/withdraw any money, the Fixed Deposit is AUTOMATICALLY broken and any interest earned till date is credited to the savings account.

Hence Fixed Deposit is considered as valid(and liquid) proof of maintenance ONLY FOR ABOVE TYPE of account. I guess NORMAL FIXED DEPOSITS are still NOT considered liquid and hence are INVALID.

There seems to be lot of confusion for fd. Different people will get different
responses from BHC itself.
I got this reply when i showed one reply mail from delhi bhc officer.
But normally fd should normally accepted only thing is you should show it is
immediately encashable.
this is what vfs,consultants are telling.

On that line, is it OK to go to VFS with appointment, with whatever proof I have about my funds in FD (statements + letter)?

If documents are not proper with respect to maintanence funds (say I present FDs and they don't want to accept it) , what will they do?

- Will they still start processing the application and later on reject my visa
OR
- Outright reject it without taking application fees so that I can take the appointment again with correct sort of funds?

Thanks,
vividprose

vividprose wrote:On that line, is it OK to go to VFS with appointment, with whatever proof I have about my funds in FD (statements + letter)?

If documents are not proper with respect to maintanence funds (say I present FDs and they don't want to accept it) , what will they do?

- Will they still start processing the application and later on reject my visa
OR
- Outright reject it without taking application fees so that I can take the appointment again with correct sort of funds?

Thanks,
vividprose

VFS are just a processing centres; they simply do not have any role in accepting or rejecting an application. Even if you submit an incomplete application they will forward it to BHC (they will make you sign a form which says, the applicant submitted/ not submitted some document/information which he was told was not required/required under the Tier-1).

regards,

push_hsmp

sharbt_hvr wrote:There seems to be lot of confusion for fd. Different people will get different
responses from BHC itself.
I got this reply when i showed one reply mail from delhi bhc officer.
But normally fd should normally accepted only thing is you should show it is
immediately encashable.
this is what vfs,consultants are telling.

You have created whole lot of confusion here. First you came out blatantly announcing that FD is accepted now you are saying yours was an auto sweep account (which is NOT an FD).

Please tell us:

(1) How did you get in touch with BHC (through paper mail/email)? and at what address?

(2) What question did you ask?

(3) What answer did you get and through which medium (postal mail/email)?

(4) How much liquid funds did you already have apart from the FD? And for how many applicants was that fund shown for maintenance clause?

(5) Would you have qualified, even without the FD?

(6) When did you write to the BHC ?

(7) When did you submit your application form?

(8) When did you hear back from BHC regarding your question?

(9) Did you then liquidate your FD (effectively means - did you then transfer the money from your autosweep account back into the main operating account)

I know this is too much to ask for but, I hope you will understand that it will be really very helpful if we get answers to these questions. It will greatly help many applicants.


Kind regards,

push_hsmp

See my comments in bold letter inline

You have created whole lot of confusion here. First you came out blatantly announcing that FD is accepted now you are saying yours was an auto sweep account (which is NOT an FD).

I am not here to create confusion .Things worked for me which I wanted to share. Anyway see my comments inline.

Please tell us:

(1) How did you get in touch with BHC (through paper mail/email)? and at what address?
- contacted chennai bhc (Chennai.VisaEnquiry@fco.gov.uk)
(2) What question did you ask?
- first they told fd is not acceptable ,but when I showed a letter from Delhi BHC stating from one officer(this I got from a group who has told fd
is acceptalbe) that fd is only acceptable ,they gave the reply which I had quoted

(3) What answer did you get and through which medium (postal mail/email)?
- all through mail; the answer which I quoted

(4) How much liquid funds did you already have apart from the FD? And for how many applicants was that fund shown for maintenance clause?
- I cant explain you in detail ; one thing without fd only savings bank balance was not enough to meet the criteria.
(5) Would you have qualified, even without the FD?
- NO
(6) When did you write to the BHC ?
- May last week
(7) When did you submit your application form?
-
(Cool When did you hear back from BHC regarding your question?
- Please get the reply from Delhi BHC also if you have any doubts,
i submitten may 14 th and got stamped in 21 calendar days,i asked it
after I submit my application just to confirm

(9) Did you then liquidate your FD (effectively means - did you then transfer the money from your autosweep account back into the main operating account)
-NO

I know this is too much to ask for but, I hope you will understand that it will be really very helpful if we get answers to these questions. It will greatly help many applicants.
I hope this will end all the doubts and possibly my last post to this thread

Unqualified apologies for the strong words there. Was a bit irked by change in stance from FD to an autosweep account. This was not meant to be personal but I wanted to clarify it once and for all as there are a number of applicants who keep asking questions about using FD as an acceptable proof of funds for meeting the maintenance criteria.

Although what I wrote suggested so, I did not mean to accuse you of trying to create confusion here. What I wanted to say was " your postings have caused a lot of confusion". I hope you will take it in that spirit only.

Anyways, thanks so much for providing detailed response to what seemed like a very long list of questions from me.

Kind regards,

push_hsmp

Its ok ,

I still maintain that mine was FD but only its nature is that being linked to savings account and whenever there is less amount in sb ,automatically the funds in fd would be liquidated.

My fd opening certificate does not show anything like sweep in and also it has maturity instructions etc. etc but I had stressed in covering letter about its nature.

The quote I am using is from Chennai BHDC, I dont see any reason fd
is not supported but use strong evidence that it is easily liquidated. Thats all I have to say.

All the best for future applicants!!