Studying abroad may add to your portfolio as a professional, but the troubles that come in the way are increasing day by day. In a latest move, UK has banned about 1900 Indian banks whose statements would not be accepted for student visa purposes.
The move is likely to affect thousands of Indian students applying for visa to study in UK. The blacklisted banks include mostly 'Cooperative banks scheduled urban cooperative banks' and 'Cooperative banks non-scheduled urban cooperative banks'.
Under Tier 4 of the points-based immigration system, all applicants are required to submit a financial statement as a proof that they have enough funds to support themselves and pay for their course in Britain.
IBN LIVE reported: The drawing up of approved and non-approved list of Indian financial institutions for student visa purposes means that applicants who have accounts in banks mentioned in the non-approved list will have to open accounts in the 85 banks mentioned in the approved list before applying for the student visas.Read complete story
Recently a London University shut shop affecting the future of many Indian students. A “sudden change” in visa regulations by the United Kingdom Borders Agency (UKBA) has been cited as the reason behind the shutting down of the B- school.
“It came as a shock from nowhere. Some of my friends are contemplating suicide, which in itself is so depressing,” says Radhika Sharma (name changed).
“The message in my inbox shook the ground beneath my feet as I read that the school has shut shop. We are over a thousand of us and have been left on the roads without our degrees. Our life depends on this,” Radhika adds.
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