HOW MUCH BANK BALACE REQUIRED FOR CANADA VISA | VISITOR VISA | TOURIST VISA 2024 | CanVisa Pathway

hello everybody hope you all doing well in today's video we will discuss in-depth how much bank balance required if you want to apply for Canada tourist Visa or Canada Vista Visa in the end of the video we will make a conclusion what bank balance practically you need to have in your bank account to get Canada visitor Visa or tourist visa on the very first attempt first I want to mention that amount of bank balance required for Canada Visa totally depends on your profile therefore it is not mandatory that every person need to show thousands of dollar in their bank account Visa officer always look at your overall profile Sometimes some applicants get Canada Visa with only 5 000 Canadian dollars or around 3 lakh Indian rupees balance in their account however some applicants even though they have way more balance than required for Canada Vista Visa still they don't get Canada Visa why does this happen how does Visa officer make decision that which applicant need more balance in his bank account and which applicant requires lesser bank balance before we start this video if you are coming to our channel for very first time please consider subscribing our channel to get most up-to-date news about Canadian immigration whenever you want to get Canada Visa there are many factors which play role to get Canada Visa first of all ambassy or VISA officer looks at what is your income what is your purpose of visit do you have any travel history then it comes to our today's topic bank balance required why bank balance is so important because it shows Visa officer that that will you be able to afford your trip to Canada or not whatever plan you have made while you are inside Canada do you have enough money to afford that or not let's take an example if there is a person who already has visited countries like USA Australia UK Etc this person doesn't require to show a lot of money in his account as this person already has a good travel history so in this case Visa officer doesn't give enough waiters to bank balance as Visa officer knows that this person has traveled to different countries in past and he will manage funds for his trip to Canada so it is totally depend on your profile how much bank balance you required for Canada Vista Visa if your profile is not good for example if you want to apply for Vista Visa for Canada and you do not have travel history and you don't have ITR history as well then you need to show more bank balance now we have a question here that how much bank balance is required if you want to apply for Canada vistravisa or tourist visa before we discuss bank balance it is very important to understand that visitor visa and tourist visa are two different type of visas if you want to apply for visitor Visa then you need to have invitation letter from someone who is already living inside Canada so to apply this to Visa you need to have invitation letter but if you apply tourist visa then you will be visiting Canada for tourism purpose as visitor visa and tourist visa are two different types of Visa so funding and bank balance requirement is different for both type of visas but we need to ask ourselves why so for visitor Visa as someone is inviting you to Canada so most probably you will be staying at inviter's address so you don't have any expenses for accommodation but for tourist visa no one is inviting you to Canada you don't have any invitation letter so for accommodation you need to rent hotel or Airbnb so we will need to add Hotel charges to our expenses as well let's do a rough calculation that how much back balance you are required if you want to visit Canada before we move ahead you can visit our YouTube channel if you want to apply for visitor Visa or tourist visa by yourself for Canada and you can also find other videos that how to show strong ties how to prepare invitation letter how to apply pins visitor Visa or super Visa so all these videos you can find on our YouTube channel so that you can apply by yourself let's do a rough calculation if you want to visit Canada for 15 days let's take a practical example here let's say that your daily expenses for accommodation plus Food Plus travel is around 100 or you can say six thousand Indian rupees per day so total for 15 days will be around 1500 Canadian dollars and then we need to consider air ticket expenses for return flight to your home country you can check prices for the flights online using different websites let's say flight expenses are around 2000 to 2500 Canadian dollars for return flights then we can consider some extra expenses around your trip as well this will be let's say around 500 dollars so total expenses will be around 4 500 Canadian dollars to five thousand Canadian dollars for 15 days of stay inside Canada which is approximately three lakhs in Indian rupees if you have 3 lakhs rupees in your account then there are less chances that your visitor Visa will get accepted because Visa officer will think that trip to Canada will cost you around 3 lakh or 5 000 Canadian dollars and you have similar bank balance in your account so Visa officer thinks that how this person will survive after his visit to Canada is over so in this case you need to at least show double amount in your account which means that if your trip to Canada expenses are around 3 lakh or 5 000 Canadian dollars you need to provide double amount in your account these expenses are based on tourist visa but if someone sponsored you from Canada then you don't have accommodation expenses as you will be staying with your inviter or the person who invited you to Canada in this case your bank balance required will be lesser as you are not paying for accommodation so it totally depends on your profile that how much bank balance you are required to show many people will question here that they had around 10 lakh Indian rupees or 17 000 Canadian dollars in their account still their visa got rejected and they gave a reason that you have weak financial status here I want to mention that when we provide six month of bank statement Visa officer want to see if you are financially strong or not let's say it is month of August now and in March you had around 6 lakh or ten thousand Canadian dollars in your account and you want to apply for Canada visitor Visa or tourist visa and after six months in August you still have around 10 000 Canadian dollars or 6 lakh Indian rupees in your account money is coming in your account and it is going out as well over the time period but there is no increment in your account balance in other words we can say that debit amount and credit amount is same even though you have required balance in your account but there is no increment in your bank account so Visa officer thinks you don't have stable income which can lead to rejection of Vista Visa so your bank balance should always increase over period of six months at least so always keep in mind when you want to apply visitor Visa or tourist Visa for Canada first of all bank balance should increase over the period of time and you have regular income flow and you have around five lakh in your account or 10 000 Canadian dollar so if you keep all these things in mind then you will not get rejection because of financial reason and there will be high chances that your visual Visa for Canada will be approved at the last I want to mention one thing more here that sometimes when you show a lot of bank balance more than requirement it can create negative effect as well let's say if you have an ITR of 6 lakh or 5 lakh but you are showing a bank balance of around 20 lakhs how this could be possible then Visa officer gets suspicious as he thinks that applicants profile doesn't match to the bank balance shown and Visa officer thinks something is wrong with the profile therefore there are higher chances of rejection when you show more bank balance than your ITR there is one more thing related to the bank balance most of the candidate withdraw money from their bank account once they launch their application for the Vista Visa sometimes this also lead to rejection because sometime Embassy or VISA officer can verify bank balance in your account always keep bank balance in your account even though you want to withdraw money from your account withdraw it slowly not all at once as it will negatively impact your case in case Embassy verifies your bank balance I hope you guys find my video very useful I always try to bring videos which could help you and help you learn and be independent if you like our video please consider subscribing to our YouTube channel thank you very much all right

Channel: CanVisa Pathway

Views: 80,867

Keywords: bank balance for tourist visa, canada tourist visa, canada visa, canada visitor visa funds requirements, proof of funds canada visitor visa, proof of funds canada visa, proof of funds canada tourist visa, bank statement for canada visa, bank statement for canada visitor visa, bank statement for canada tourist visa, minimum bank balance required for canada visa, Parents visitor visa, Canada super visa, canada visa funds, canada tourist visa latest update, CanVisa Pathway

Id: nMZ-oe4ciMY

Length: 11min 2sec (662 seconds)

Published: Sun Mar 05 2023