For many Indian students planning to study in New Zealand, the proof-of-funds requirement is often the most confusing and stressful part of the visa process. While students may focus on the required dollar amount, Immigration New Zealand (INZ) focuses on something far more important:
The legitimacy and source of the funds — not just the balance in the account.
Failing to understand this distinction has led to many student visa refusals. If you’re preparing a student visa application for New Zealand, this is one area where clarity, transparency, and compliance make all the difference.
INZ needs to be confident that:
It’s not just about showing money — it’s about proving financial readiness and financial integrity.
INZ publishes updated minimum financial thresholds, which typically include:
However, meeting the minimum figure is only the starting point — not the complete requirement.
INZ prefers credible, transparent, and traceable financial evidence. The following documentary sources are commonly accepted when supported with the right paperwork:
One of the strongest forms of proof.
Must include:
Loans from nationalised or RBI-regulated banks carry more credibility than informal or private financing.
FDs can be used if:
FDs must be verifiable — not newly created just for the application.
INZ may accept PF/EPF/PPF funds if:
Savings are acceptable if:
If your account suddenly shows large deposits or last-minute funds, expect INZ to ask:
If you cannot provide valid documentation, your application may be refused under credibility grounds.
Many students assume they can borrow money temporarily, place it in a bank account, apply for the visa, and then return it.
This is called fund parking, and it is one of the biggest reasons for refusals.
INZ officers are highly trained to detect:
Reminder: Applying with artificially inflated funds is considered misrepresentation and may affect future visa opportunities.
To satisfy INZ, your financial proof must be:
A strong financial explanation letter, supported by authentic documentation, often makes a significant difference.
At Immigration Advisers New Zealand Ltd, we assist students by:
Proof of funds is not a box-ticking exercise — it’s a credibility assessment.
If you can demonstrate genuine financial stability with clear documentation and transparent sourcing, your visa application becomes stronger, more credible, and far more likely to succeed.
Need guidance with proof of funds or preparing your NZ student visa application?
We’re here to help.
Vandana Rai is a Senior Licensed Immigration Adviser and has built a reputation around her rare set of skills, which could be considered ideal for her legal profession.