Student must submit evidence of sufficient funds from accepatble sources for one year living cost, one-year course fees, return air ticket and Overseas Student Health Cover (OSHC). In case of family additional funds will be required for each member of the family for living cost, airline ticket and OSHC, in addition to fees payable for a school going child.
THE ACCEPTED DOCUMENTS FOR FUNDS INCLUDE :
The visa officer must be satisfied that student, once in Australia, will have genuine access to the funds they claim to possess to cover the travel, course fees and living costs etc for themselves and their family members.
|Unacceptable Funds||Acceptable Funds|
|KVP, NSC||Fixed Deposits|
|Shares, debentures, bonds,
LIC surrender value
|Balance in Savings Account|
|Capital account in business||Public Provident Fund (PPF)|
|Co-op bank balance and FDs||EPF, GPF, PF, CPF|