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Student Visa Proof of Funds Calculator

Calculate the exact liquid bank balance you must show to immigration officers to secure your student visa.

Calculate exactly how much money you need to show in your bank account to get your student visa approved. Based on strict 2026 immigration requirements.

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If you paid a deposit, enter it here to deduct it.

Required Funds to Show

1 year of tuition + $20,635 CAD base living costs

Remaining 1st Year Tuition:$25,000
Mandatory Living Costs:$20,635

Total Funds Required

$45,635

CAD

Estimated USD

$33,770

Estimated INR

₹2,783,735

What is "Proof of Funds"?

Before a government issues you an international student visa, they must be legally satisfied that you will not become destitute and rely on their public welfare systems. To prove this, you must show evidence of liquid cash (or approved loans) covering your first year of studies.

Country-Specific Rules (2026 Updates)

🇬🇧 United Kingdom (Student Visa)

The UK operates on a strict mathematical formula. You must hold the money in your account for 28 consecutive days before applying. The formula is:

  • Unpaid 1st Year Tuition + 9 months of living costs.
  • London: £1,334 per month (£12,006 total).
  • Outside London: £1,023 per month (£9,207 total).

🇨🇦 Canada (Study Permit)

Canada recently overhauled its financial requirements to match current inflation. You must show:

  • 1st Year Tuition + $20,635 CAD for living expenses.
  • Most students prove this by paying their tuition upfront and purchasing a Guaranteed Investment Certificate (GIC) for the $20,635 CAD.

🇦🇺 Australia (Subclass 500)

The Department of Home Affairs increased the financial capacity requirement significantly. You must now show:

  • 1st Year Tuition + $29,710 AUD for living expenses + estimated travel costs ($2,000 AUD).

🇺🇸 United States (F-1 Visa)

The US requirement is determined by the university and printed on your I-20 Form. You must show liquid funds equal to the total "Estimated Cost of Attendance" listed on the I-20, which usually includes 1 year of tuition plus roughly $15,000 to $25,000 in living and insurance costs.

Frequently Asked Questions

What counts as valid proof of funds?

Valid evidence includes personal bank statements (checking/savings accounts), fixed deposits (if they can be liquidated instantly), and official education loan sanction letters. Real estate, jewelry, and stocks are not accepted because their value fluctuates.

Can my parents sponsor me?

Yes. Parents and legal guardians are widely accepted as sponsors. You will need to provide their bank statements, a letter of financial support signed by them, and proof of your relationship (like a birth certificate).