Bank Statement & Devaluation of Currency

[user2345678]

Hi,

I have obtained a fully funded scholarship for PhD Program in UK. I am applying for dependant visas for my husband and child at the same time while submitting my application. We submitted our online documents on August 31st and our biometric submission is in second week of September. The total living allowance to demonstrate to ukvi for my husband and child is £15,210.

I submitted the bank statement to my university on August 25th showing that we have sufficient funds. When we started maintaining our bank statement £1 was equal to 355PKR.The University approved my Bank Statement and issued CAS.On that date when my bank statement got approved £1 was equal to 380PKR. Home Office charged us the application fee and IHS at the rate of 385, which was the fixed rate for the whole month of August.

But now the currency rate fluctuated at 400PKR due to volatile political situation in Pakistan and Home Office has fixed it at 400 PKR and that makes my husband's bank statement deficient of £200 now.

Now my question is how would the bank statement be calculated. Considering we submitted the online application on 31st August, till that date we are safe but if assessment is made after we submit the biometrics, then we are deficient of £200. I am quite stressed at the situation so some guidance and clarity is needed. Thank you for your help.

[sah10406]

See Appendix Finance, paragraph FIN 1.1:

FIN 1.1. Where money is held in one or more foreign currencies, this will be converted into pound sterling (£) using the spot exchange rate which appears on www.oanda.com for the date of the application.

https://www.gov.uk/guidance/immigration ... ix-finance

[user2345678]

But what is considered the date of application? Online submission of application or biometric appointment?

[meself2]

Online submission.

[user2345678]

Thank you so much. That marks us safe then.

[sah10406]

But what is conidered the date of application? Online submission of application or biometric appointment?

See Immigration Rules, paragraph 6.2:

“Date of application” means [..] the date of payment of the relevant fees"

https://www.gov.uk/guidance/immigration ... troduction