One-stop shop for Indian students interested in overseas education Enroll at one of our trusted Uni partners from Australia, US, UK and other countries Call us free on
1 800 103 2581

How much bank balance you need to show during US visa interview

The article list out the different types of financial securities that can contribute to the overall funds required to study in the USA

As soon as you take a decision of studying abroad, the foremost thing to be sure about are your funds. It is very important to show that you have the financial support to cover your tuition fees and your living expenses. 
On a discussion with Richard Lasrado, from Education Abroad Counseling Centre about the funds required for a student to obtain a US student visa, he says it will be clearly mentioned in your I-20 form. I-20 is the Certificate of Eligibility for Nonimmigrant (F-1) Student Status-For Academic and Language Students. This is issued by SEVP certified schools, where a student can get the supporting information about their F’s and M status. The I-20 will have the relevant information about the tuition fees, accommodation and living costs for a student during their course of study. In the US the academic year is of 9 months, so the funds required for 9 months will be mentioned in I-20. If you wish to study a 2 years master’s in US and they have mentioned $ 40,000 in your I-20 form, then you will have to show atleast $80,000. The $40,000 should be shown as your bank balance and the remaining $40,000 can be shown as bonds, fixed deposits, shares, debentures or mutual funds. If the student has lesser funds than what is required, then he/she will have to justify how they will be able to show the balance which will be necessary to study abroad.  
US visa processing could be really chaotic if you do not have the appropriate documents. Richard names a few documents necessary for obtaining your US visa in the next video. 


Worried about the visa interview?

Neha Vaidya Neha Vaidya,
Study abroad expert.
Our advisors conduct mock interviews to boost your confidence. Request a call back or call us now on 1800 103 2581 / 1800 103 9634 (toll-free) for guidance.