Visa Rejection due to mis-interpretation of account balance

[anubhav3kjain]

I have applied for my wife and son's UK VISIT VISA, and it has got rejected saying you have insufficent funds in relation to fullfil all neccessary expances during your visit.

The Bank statement provided was of Max gain account (which is Home loan account with Overdraft facility).

In order to save the payable interest on home loan we used to put all our saving in this account every month after paying the required EMI.

and there are two terms on the Bank statement one is Drawing power and another one is balance, suppose i have taken 20Lac as home loand and during the year i have repaid 1lac and have 5Lac as saving the statement says - Drawing power as (+19Lac) and balance as (-14Lac).

In this case the actual positive balance in account is 5 Lac which can be used at any time. and they have mis-interpreted it as (-14Lac). and reject the application.

Kindly help me out to understand the following point -

Will this be the case of reconsideration/re-apply/administrative check?

what is the turn around time for the applicable cases.

and whats the fee for the applicable mode.

[secret.simon]

Not everybody here is conversant with Indian banking systems and terms. You may want to rewrite your query in order for others to advice you better on it.

Firstly you may want to put all the currency terms in '000 pounds sterling, rather than in lac rupees.

Secondly, I am guessing that this account is essentially an offset mortgage. Is that correct?

Max gain account (which is Home loan account with Overdraft facility)

EMI=Equated Monthly Instalment.

and there are two terms on the Bank statement one is Drawing power and another one is balance, suppose i have taken 20Lac as home loand and during the year i have repaid 1lac and have 5Lac as saving the statement says - Drawing power as (+19Lac) and balance as (-14Lac).

In this case the actual positive balance in account is 5 Lac which can be used at any time. and they have mis-interpreted it as (-14Lac).

They have not misinterpreted it, they have gone by what it says on the tin. If the statement says that your balance is -14lac, there is hardly any way they are going to interpret that as +5lac. There is a good chance that the caseworker does not know Indian banking terms (just like many people on these forums) and is unfamiliar with specific Indian bank mortgage/account offerings.

Can your bank issue you a separate statement of the available savings (excluding the mortgage) in the account?

[anubhav3kjain]

Thanks Simon,

here is the re-written version of the same -

I have applied for my wife and son's UK VISIT VISA, and it has got rejected saying you have insufficent funds in relation to fullfil all neccessary expances during your visit.

The Bank statement provided was of Max gain account (which is Home loan account with Overdraft facility).
( it is Mortgage offset account )

In order to save the payable interest on home loan we used to put all our saving in this account every month after paying the required EMI.

and there are two terms on the Bank statement one is Drawing power and another one is balance, suppose i have taken 20Lac (@20,000GBP) as home loand and during the year i have repaid 1lac and have 5Lac(@5,000GBP) as saving the statement says - Drawing power as (+19Lac)(@19,000GBP) and balance as (-14Lac)(@14,000GBP).

In this case the actual positive balance in account is 5 Lac(5,000GBP) which can be used at any time. and they have mis-interpreted it as (-14Lac)(@ -14,000GBP). and reject the application.

Kindly help me out to understand the following point -

Will this be the case of reconsideration?

what is the turn around time for the applicable cases.

and whats the fee for the applicable mode.