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How much cash is enough for self sponsored visa?

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  • How much cash is enough for self sponsored visa?

    How much cash is enough for a retired person to sponsor his own visa?

    My father is retired.
    he has 2 apartments(asset value for 2 apt 35 lakhs).
    he gets pension 7000 pm.
    he has Bond of 20 lakhs.
    he also has MIS, KVP from where gets money every month.(value 2-3 lakhs)
    he has also cash in bank around 2-3 lakhs.

    I have one unmarried sister(studying), 1 married sister.

    Is it enough for sponsor himself and my mother's visa for USA?
    Last edited by sima4321; 03-03-2009, 03:16 PM.

  • #2
    Seems good enough to me

    I am not a lawyer and you need to consult with one to validate any info posted on the forum and discuss your case specifics. H1b Question? Read the FAQ first.

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    • #3
      For visa or happy retirement

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      • #4
        sima4321

        No, it is not enough.
        A trip for 2 will cost around 1.5 lacs (tickets + personal expenses)
        and for self financing, one must have a proportionately relevant income
        (10 lacs per year) .
        Showing balances is not enough.

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        • #5
          A person making 2-3 lakhs a month from MIS, KVP cannot self sponsor? He might also have rental income, cash balance, retirement income. Seems good to me.

          I am not a lawyer and you need to consult with one to validate any info posted on the forum and discuss your case specifics. H1b Question? Read the FAQ first.

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          • #6
            He never said he is making 2-3 lacs from KVP and MIS.
            He mentioned the total value of KVP and MIS as 2-3 laca

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            • #7
              Thanks to all of you for your reply.

              Yes I want to say that the total value of MIS & KVP is 2-3 lakhs. My father not gets every month 2-3 lakhs from MIS & KVP.

              So, now this MIS & KVP and rest is not enough to sponsor visa?
              Last edited by sima4321; 03-03-2009, 10:41 PM.

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