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Necessity of Bank statement and affidavit in the application process
Nandini Shanmukha Nandini Shanmukha Member Join date: Oct, 2013 Posts: 3 Points: 0
While applying for masters in USA , do we have to give a bank statement where it shows that we have the hard cash to bare the expenses for the whole academic year ? that is we have to get a bank statement showing nearly 30 lakhs , which is being difficult. So can you please guide me in this ?
  • January 17, 2014
  • Preferred qualification: Postgraduate

Replies (1)

Kanimozhi K.L Kanimozhi K.L Expert Join date: Sep, 2012 Posts: 688 Points: 10670 Trusted Advisor

Hi Nandhini ! Yes it is must that you need to submit Financial documents otherwise it is considered to be incomplete application. Bank statement (1 day's statement, no transaction details required) should have funds of minimum 25-28 lakh and Affidavit of Support of your sponsor. There can be multiple sponsors also. Also some Bank offers Pre loan sanction statement depending on the asset that you submit (they will look for 100% collateral + clarity in documents of assets you show).

Kanimozhi K.L | Uniguru Expert
 

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