bank statement and How to arrange the documents

[gautam28]

Hello everyone,

This is my first post but I have definitely learnt alot from this forum. I wanted you help / advice on 3 questions:

1) Bank Statements: I have to submit bank statements from ICICI and Citibank to show my earnings. There was a restructuring in my company and my department was shifted to a new entity and therefore, my bank changed. Now, I have got ICICI dotmatrix print-outs which are stamped but not singed. Will this be fine or should I fight for a letter from ICICI.

Secondly, citibank has send me the statements on Citibank letter head. But at the bottom the statements says that it is an electronic statement and does not require a signature. Do you guys think I should get this also stamped or not?

2) "Fixed Deposits": In the month of September 2008, most of my savings in the bank were in the form of 'Fixed Deposists'. I have got these deposits liquidated into Cash on 14 October 2008. The bank statements do reflect these transactions. I was considering the period from 1st october 2008 to 31 December 2008. If I get a letter from the bank which talks about the minimum balance, should I still mention the FDs in the cover letter?

3) Maintenance funds - Bank statements, to be submitted as supporting documents for maintenance funds, will be in Indian Rupees. Since, the requirement is for 2,800 pounds, what exchange rate should we consider to get Rupee equivalent? I have taken Rs 80 as the exchange rate which was given on VFS website as of 8 December 2008.

4) Last question please: I was thinking on arranging all the documents eg all the bank statements and pay slips, in different files with different cover letters. Please let me know if this is fine.

Also please advice on whether I should submit birth certificate, passport and driver license for age proof. As I read on this forum that someone's application was rejected due to lack of evidence for age.

Kindly, advice on whether this is fine.

Thank you in advance,
Gautamn

[sv23367]

1) Bank Statements: I have to submit bank statements from ICICI and Citibank to show my earnings. There was a restructuring in my company and my department was shifted to a new entity and therefore, my bank changed. Now, I have got ICICI dotmatrix print-outs which are stamped but not singed. Will this be fine or should I fight for a letter from ICICI.

Secondly, citibank has send me the statements on Citibank letter head. But at the bottom the statements says that it is an electronic statement and does not require a signature. Do you guys think I should get this also stamped or not?

Mate, if you are talking about bank statements from Icici and Citibank, i would suggest you to visit the local branch and ask for a signed and sealed bank statement. This will definitely boost your case.

2) "Fixed Deposits": In the month of September 2008, most of my savings in the bank were in the form of 'Fixed Deposists'. I have got these deposits liquidated into Cash on 14 October 2008. The bank statements do reflect these transactions. I was considering the period from 1st october 2008 to 31 December 2008. If I get a letter from the bank which talks about the minimum balance, should I still mention the FDs in the cover letter?

I would suggest you to wait for more than 3 months. say wait till jan 15 or 20 and then make ur case from oct 20 to jan 20 . Bank statement along with Letter from bank about the maintenance fund is must. You dont need to mention about the source of fund i.e details abt FD. they wont ask you.

3) Maintenance funds - Bank statements, to be submitted as supporting documents for maintenance funds, will be in Indian Rupees. Since, the requirement is for 2,800 pounds, what exchange rate should we consider to get Rupee equivalent? I have taken Rs 80 as the exchange rate which was given on VFS website as of 8 December 2008.

Exchange rate taken from VFS website is fine. But keep in mind , they will change periodically depending on the global pound to INR conversion rate. check the VFS website on the previous day before submitting the application.

4) Last question please: I was thinking on arranging all the documents eg all the bank statements and pay slips, in different files with different cover letters. Please let me know if this is fine.

this should be fine and meaningful. its up to u to have separate files. they will finally ask the documents with their own order.

[gautam28]

Thanx alot friend...this was helpful...will keep you posted....by the way...have you got your visa?...

[junoonistan]

I have HSMP approval letter and am applying from UK but using my Pakistan bank statements as source of funds. I have not been to Pakistan during the last three months and the money is sitting in my account there. There hasn't been any transactions in it in the past three months. Only a few when different people deposited some money in my account.
Will it work.
Thanks

[raghu0307]

You cant take any random exchange rate...its very important that you take the rate that home office accepts as correct exchange rate...which is the spot rate at www.oanda.com on the date on the bank satements or bank letter

3) Maintenance funds - Bank statements, to be submitted as supporting documents for maintenance funds, will be in Indian Rupees. Since, the requirement is for 2,800 pounds, what exchange rate should we consider to get Rupee equivalent? I have taken Rs 80 as the exchange rate which was given on VFS website as of 8 December 2008.

Exchange rate taken from VFS website is fine. But keep in mind , they will change periodically depending on the global pound to INR conversion rate. check the VFS website on the previous day before submitting the application.

[sajan.chandran]

Hi Friends,
In VFS site i saw the exchange rates as
Consular rate of exchange: £1 = Rs.80 08 December 2008
But when i actually saw the exchange rate for 8 Dec 2008 in x-rates.com as well as oanda.com it said
2008-12-08 December 08, Monday 73.3245 INR

Please help me in clarifying this.

Thanks in advance,
Sajan Chandran.

[raghu0307]

Hi Friends,
In VFS site i saw the exchange rates as
Consular rate of exchange: £1 = Rs.80 08 December 2008
But when i actually saw the exchange rate for 8 Dec 2008 in x-rates.com as well as oanda.com it said
2008-12-08 December 08, Monday 73.3245 INR

Please help me in clarifying this.

Thanks in advance,
Sajan Chandran.

Its strange why people are relying on the VFS site exchange rates, well taking wrong rates might not affect as long they still get the points they claimed but it is clearly stated on the BHC website that we need to take the rates on http://www.oanda.com.

and the rates wont be like 80.18 or 81.23

we need to multiply the rupees by a factor of say 0.013xx(see the site for the latest rates)[/url]

[sv23367]

Hi Friends,
In VFS site i saw the exchange rates as
Consular rate of exchange: £1 = Rs.80 08 December 2008
But when i actually saw the exchange rate for 8 Dec 2008 in x-rates.com as well as oanda.com it said
2008-12-08 December 08, Monday 73.3245 INR

Please help me in clarifying this.

Thanks in advance,
Sajan Chandran.

Sajan
VFS exchange rate is always higher than any other sites(Oanda or X-rates) conversion rate. This is how the embassies work, I have even observed the similar behaviour with US embassy also.
For ur clarification:
1. WE use Oanda.com conversion rate for Previous earnings.
2. For fund maintenance : i have suggested in my previous post to use the VFS consular exchange rate. In that case , ur balance will always be higher than the 2800GBP. If we choose other conversion site's conversion rate , rate will vary everyday . we cannot be assured that our balance is more than 2800 GBP at any point of time.

[SAPIENT]

Hi Friends,
In VFS site i saw the exchange rates as
Consular rate of exchange: £1 = Rs.80 08 December 2008

exchange rate must be taken as per www.oanda.com.
in case you are planning to provide a covering letter, please mention the exchange rate along with the date of calculation in it.


VFS will change their exchange rates on 7th Jan 2009.
VFS exchange rate is only for the purpose of paying the application fee.

[raghu0307]

Following is what is mentioned on the UKBA website...

"How we assess maintenance (funds)
Maintenance (funds) can include:

cash savings in your account that have been in your account for at least three months before your application;
cash savings in a joint account that have been in your joint account for at least three months before your application;
cash savings in a account overseas (we convert the amount to pounds sterling using the rate which appears on the OANDA website, which you can finds on the right of this page, and the date on your bank statement), that have been in your account for at least three months before your application"

the link for the same is http://www.ukba.homeoffice.gov.uk/worki ... e/#header4

hope it puts to rest any confusion.

Hi Friends,
In VFS site i saw the exchange rates as
Consular rate of exchange: £1 = Rs.80 08 December 2008
But when i actually saw the exchange rate for 8 Dec 2008 in x-rates.com as well as oanda.com it said
2008-12-08 December 08, Monday 73.3245 INR

Please help me in clarifying this.

Thanks in advance,
Sajan Chandran.

Sajan
VFS exchange rate is always higher than any other sites(Oanda or X-rates) conversion rate. This is how the embassies work, I have even observed the similar behaviour with US embassy also.
For ur clarification:
1. WE use Oanda.com conversion rate for Previous earnings.
2. For fund maintenance : i have suggested in my previous post to use the VFS consular exchange rate. In that case , ur balance will always be higher than the 2800GBP. If we choose other conversion site's conversion rate , rate will vary everyday . we cannot be assured that our balance is more than 2800 GBP at any point of time.

[arunsk]

Hi Gautam,
to add to the previous replies ..

[1] In my case also ICICI gave on dot matrix printers but they were stamped and signed by the employee who provided the statements. they charged some INR 250 for 12 months statements and another 50 for the letter (maintenance funds). the point is generally they will sign. sign and stamp is a must on statements from any bank.
[2] As suggested by sv23367, wait for 3 months to complete.
[3] exchange rate should be taken as on the bank statement date from oanda.com. best is to maintain sufficient funds which takes care of fluctuations in the exchange.

regards
arun

[sv23367]

Following is what is mentioned on the UKBA website...

"How we assess maintenance (funds)
Maintenance (funds) can include:

cash savings in your account that have been in your account for at least three months before your application;
cash savings in a joint account that have been in your joint account for at least three months before your application;
cash savings in a account overseas (we convert the amount to pounds sterling using the rate which appears on the OANDA website, which you can finds on the right of this page, and the date on your bank statement), that have been in your account for at least three months before your application"

the link for the same is http://www.ukba.homeoffice.gov.uk/worki ... e/#header4

hope it puts to rest any confusion

Raghu Thanks for correcting my mistake. When i applied i used the VFS consular rate.. Here is another confirmation from BHC Chennai

Thank you for your e-mail.

You have to use www.oanda.com for maintenance as well. Please take the day you had the minimum balance during the 3-month period and use the rate on that date.For converting currency please use the default which is the interbank rate.

Yours Sincerely,

Casework Section
Visa Support Assistant
UK Border Agency
British Deputy High Commission, Chennai

[harshil223]

Hi Arun,
Would you please let me know that with the bank statements on dot matrix printer stationary from ICICI bank signed and stamped by their employees, did you get the approval?


[quote="arunsk"]Hi Gautam,
to add to the previous replies ..

[1] In my case also ICICI gave on dot matrix printers but they were stamped and signed by the employee who provided the statements. they charged some INR 250 for 12 months statements and another 50 for the letter (maintenance funds). the point is generally they will sign. sign and stamp is a must on statements from any bank.
[2] As suggested by sv23367, wait for 3 months to complete.
[3] exchange rate should be taken as on the bank statement date from oanda.com. best is to maintain sufficient funds which takes care of fluctuations in the exchange.

regards
arun[/quote]

[push]

Hi Friends,
In VFS site i saw the exchange rates as
Consular rate of exchange: £1 = Rs.80 08 December 2008
But when i actually saw the exchange rate for 8 Dec 2008 in x-rates.com as well as oanda.com it said
2008-12-08 December 08, Monday 73.3245 INR

Please help me in clarifying this.

Thanks in advance,
Sajan Chandran.

Sajan
VFS exchange rate is always higher than any other sites(Oanda or X-rates) conversion rate. This is how the embassies work, I have even observed the similar behaviour with US embassy also.
For ur clarification:
1. WE use Oanda.com conversion rate for Previous earnings.
2. For fund maintenance : i have suggested in my previous post to use the VFS consular exchange rate. In that case , ur balance will always be higher than the 2800GBP. If we choose other conversion site's conversion rate , rate will vary everyday . we cannot be assured that our balance is more than 2800 GBP at any point of time.

Please desist from the temptation of providing information you are not sure about. We expect members to atleast acknowledge that they are not sure about what they are saying and by providing links to the web pages they are referring to.

[sv23367]

Hi Push_hsmp
I have already accepted my mistake and have written a post for that. More over , the information given by me is from my own experience. I thought it was more easier . Apologise for creating any kind of confusion.

[push]

Hi Push_hsmp
I have already accepted my mistake and have written a post for that. More over , the information given by me is from my own experience. I thought it was more easier . Apologise for creating any kind of confusion.

Although I had replied to your post, I did not mean to point a finger at you at all. I realize that I should have gone through subsequent posts by you first. Anyways, hope all settled.