LIST OF REJECTED FINANCIAL INSTITUTIONS FOR TIER 4 IN PAKISTAN, PHILIPPINES, AND INDIA

posted 25 Oct 2011, 17:16 by Mehdi Asili   [ updated 25 Oct 2011, 17:19 ]

24 October 2011

 

In June 2011, the UKBA announced that they would be publishing a list of financial institutions which they consider, on the basis of experience, do not verify financial statements to their satisfaction. Today they are publishing an initial list of financial institutions that fall under this category. 

 

They will use the list when verifying maintenance funds under Tier 4 of the points-based system. An applicant will receive no points for maintenance if they submit documents showing that the funds are held in a financial institution on the list. The list forms part of the reforms to the student immigration route. The change is to ensure that the UKBA can verify that student visa applicants hold the required maintenance funds to support themselves and pay for their course in the UK.

 

The UKBA will give a 30-day notice period from the date when a financial institution is first listed before the new rule takes effect. This will enable applicants to make the necessary financial arrangements, so that they can provide financial documentation which meets the new requirements. The list will be kept under review, and they will make additions or deletions as appropriate.

 

The UKBA will continue to verify financial information from financial institutions not on the list, on a case-by-case basis. They may refuse applications on the basis of these individual checks.


For the full story and to download the PDF lists, please CLICK HERE.

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