I get 7 lakhs cash throw gold loan, it’s good or not for canada visitor visa
My parents have just been approved and there is no show money. They only paid $100 fee and $80 for biometrics. This video will guide you from start to finish on how to apply for Visitor visa.
Well, the amount of money you need to majorly depends on how long you are going to stay in Canada and whether you are planning to stay in a hotel or with your relatives or friends.
But, other than fund requirement, there are other key eligibility requirements that you must meet to apply for tourist visa.
To apply, you must:
- Have a valid passport or travel document
- Be in good health condition
- Have no immigration-related convictions
- Convince that you have prior ties to your home country and will return once the visa expires, such as a home, job, family or financial assets
- Convince that you return to your home country at the end of your Canada visit
Please note, you may require to undergo a medical examination and need a letter of invitation from your relatives or friends living in Canada.
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In general, an individual foreign national may need to provide “Proof of Funds” in the amount of approximately $1,230 CAD per month, so if you plan to bring at least $2,000 CAD for this 30-day tourist visit that should be adequate in terms of the Canadian visa application process.
Its not about the Balance. Its more about the cash flow in your bank account. You should calculate how much you will need to sustain yourself during your stay in Canada. depending on your total number of days of stay in Canada. If you will be staying with friends and family or in a hotel, are you planning to travel around during your stay in Canada – all this will play a part in the total amount of money you need in your application.
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If someone is sponsoring your entire cost including travels, accommodation, other expenses all mentioned in invitation letter than less bank balance required for getting visa. If not than you may required more fund which is covers your entire cost including ticket, shopping, accommodation etc.
They want to see stable bank account with regular transaction and credits & debits in your account. There is no mention of any fixed amount in your bank balance. Infact if you take large money from someone and put it in your bank then it’s a negative for your visa.
Because they check and that why they want to see you 6 months bank statement. There has to be stable income source.
On an average of your earning 1 lac to 1.5 lacs per month with approx 6/7 lacs in your account then it should be comfortable for the visa purpose.
The fact is that you can carry in any amount of cash or monetary instruments, as long as you declare any above $10,000 CAD and as well be prepared to show undeniable proof that your funds are from a legal source.
Anytime you cross the border, you must declare any currency or monetary instruments you have valued at Can$10,000 or more. This amount includes Canadian or foreign currency or a combination of both. Monetary instruments include, but are not limited to, stocks, bonds, bank drafts, cheques and traveller’s cheques.
There are no restrictions on the amount of money you can bring into or take out of Canada, nor is it illegal to do so.
Well if you’re applying from India as per our years of experience we recommend that an individual show at least five lakh in his bank account and if that individual is applying with his wife then they will be needing 8 to 10 lakh rupees, if a child is accompanying then another 2.5 lakh is required, nevertheless if more than one child is accompanying just add another 2.5 lakh, Hope this gives you a clear picture of the required funds.