What is meant by Proof of Funds? And what kind is required?

To ensure a smooth visa process and increase your chances of acceptance, most embassies require valid Proof of Funds, typically in the form of a bank statement. The specific financial requirements vary from country to country, but it’s essential to demonstrate your financial eligibility as a prospective student. This can be done through a bank statement showing stable income or a savings account held for at least three months. The bank statement should cover total tuition fees and one year of living expenses, including dormitory, food, transportation, entertainment, and other necessities. Some embassies may also accept proof of assets. The more substantial your financial proof, the higher the likelihood of your visa being accepted.