Finances Required

Living Cost of New Zealand is 10000.00 NZD

Financial Documentation List (New Zealand)

THE FOLLOWING ARE ACCEPTED SOURCES OF LIQUID FUNDS:

• Original Bank Loan Sanction Letter - It should be a detailed letter containing all the terms and conditions of Loan like Rate of Interest, Loan Amount, Margin, Security, Repayment terms, Guarantors, etc.
• (1) Bank Balance - Original and Notarized Photocopy of Bank Statements / Bank Passbooks for past 6 months not more than one week old. Solvency Certificates and Bank Balance Certificate is not acceptable. (2) Please note that the Bank balance shown in the Bank Statement / Bank Passbook cannot be withdrawn until the Visa is approved. INZ accepts Bank statements or passbooks of all banks including co-op. banks.
• In case of recent Bank Deposits, also provide evidence from where the money has come from e.g in case of sale of property kindly attach copy of the Registered Sale Deed. In case of sale of shares kindly attach the contract bill alongwith the previous and the latest Demat Statement. Recent deposits in the form of Sale of Jewellery, trucks, etc. are NOT acceptable.
• Original & Notarized Photocopy of Bank Fixed Deposit Receipts / NRE Deposits
• Original & Notarized Copies of Employers Provident Fund A/c or Government Provident Fund with telephone numbers for verification, Only Withdrawable amount would be considered
• Original & Notarized Photocopy of Post Office Accounts
• Original & Notarized Copies of Kisan Vikas Patra
• a.Original & Notarized Photocopy of PPF Passbook, Only Withdrawable amount would be considered

Although the following assets are not considered as liquid funds it is highly recommended to show all other available assets like:

• Notarized Photocopy Of Share Demat Statements along with the present Market Value Statement / Mutual funds / Bonds
• Notarized Photocopy of LIC Policies
• Notarized copy of Property Deeds / Flat Agreement. In case of Land, kindly provide Copy of 7/12 Extract. Valuation Report is not required.

Summary Statement of Assets and Income will be prepared by Foresee.

• Original & Notarized Photocopy of last 3 years income tax papers of all family members: I.T.Acknowledgement / Form 2D / Saral, tax challans & Statement of Computation of Total Income, In case the sponsor or student is employed also attach copy of Form 16.
• In case of Agricultural Income kindly provide a letter from Mamlatdar / Tehsildar / Talati mentioning the agricultural Income for the last 3 years. (Letter should be translated in English by Government Authorized translator). Also attach agricultural bills showing proof of sale of agricultural produce.
• IF THE COURSE DURATION IS 12 - 18 MONTHS, IT IS STRONGLY ADVISABLE TO SHOW GROSS TOTAL INCOME OF RS. 3.50 LAKHS (MINIMUM) FOR THE LAST I.T. RETURNS FILED OF ALL FAMILY MEMBERS INCLUDED.

If the sponsor is a Businessman, his Business papers can also be produced like Partnership Deed / Memorandum & Articles Of Association, Income Tax Papers for last 3 years as mentioned above and Bank Statements of the Company for last 6 months.

Original & Notarized Copy of Salary Slip of Sponsors and the student, if employed. (Last 3 months).

If Tuition fee is paid in advance, then Notarized Photocopy of payment receipt.