{"id":1595,"date":"2025-01-03T10:33:11","date_gmt":"2025-01-03T10:33:11","guid":{"rendered":"https:\/\/www.greentreeimmigration.com\/blog\/?p=1595"},"modified":"2026-01-10T10:08:37","modified_gmt":"2026-01-10T10:08:37","slug":"how-much-bank-balance-is-required-for-australia-study-visa","status":"publish","type":"post","link":"https:\/\/www.greentreeimmigration.com\/blog\/how-much-bank-balance-is-required-for-australia-study-visa\/","title":{"rendered":"How much bank balance is required for Australia study visa?"},"content":{"rendered":"<p><span style=\"font-size: 14pt;\">Students are looking to travel to various other countries to pursue their education, at any level, and Australia tops this year\u2019s list. Australia, with its numerous universities and beautiful cities and landscapes, draws students and professionals here to further their studies. However, there are many factors students need to consider before beginning their study abroad journey. One of the most significant aspects to consider is the financial requirement for obtaining a study visa for Australia.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/forms.gle\/jMkgMhhh8gFERkh78\"><strong><button type=\"button\">Know the Minimum Balance<\/button><\/strong><\/a><\/p>\n<p><span style=\"font-size: 14pt;\">If you\u2019re wondering about the bank balance required for an\u00a0<a href=\"https:\/\/www.greentreeimmigration.com\/australia-study-visa.php\"><strong>Australia study visa<\/strong><\/a>, you\u2019ve come to the right place. In this blog, we will discuss everything you need to know about the bank balance required for an Australian study visa in 2026.<\/span><\/p>\n<h2><strong>Australia Study Visa Requirements and Eligibility Criteria 2026<\/strong><\/h2>\n<p><span style=\"font-size: 14pt;\">Australian student visa requirements and eligibility criteria are listed here:<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Pass the age eligibility criteria (there is no maximum age limit). However, it is difficult to get a visa after 40.<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Study visa application fee receipt<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Educational certificates, transcripts, and other relevant certificates<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Statement of purpose (SOP).<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">English proficiency test proof: IELTS Test Form Report\/PTE<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Medical Clearance Certificate (costs around 8000 to 10,000 INR)<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Police Clearance Certificate (if applicable).<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Character and health requirements<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Be a Genuine Temporary Entrant (GTE).<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Must be enrolled at an Australian university and have a Confirmation of Enrollment (CoE).<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Provide evidence of a letter of acceptance.<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Possess sufficient funds for the entire stay and provide evidence of the funds (through bank statements, loan evidence, or any other relevant document).<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Apply for and produce mandatory health insurance, OSHC (Overseas Student Health Cover).<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Biometrics (digital photos and fingerprints).<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.greentreeimmigration.com\/australia-pr-points-calculator.php\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1219\" src=\"https:\/\/www.greentreeimmigration.com\/blog\/wp-content\/uploads\/2022\/08\/Are-you-eligible-for-an-Australia-PR-visa-wite-1.gif\" alt=\"Australia PR calculator\" width=\"1200\" height=\"200\" \/><\/a><\/p>\n<h2><strong>Intake at Australian universities.<\/strong><\/h2>\n<p><span style=\"font-size: 14pt;\">Australian university intakes vary from university to university, depending on course availability and numerous other factors. There are four educational intakes (two primary intakes and two additional intakes) by Australian universities.<\/span><\/p>\n<p><b>Primary Intakes<\/b><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">February<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">July<\/span><\/li>\n<\/ul>\n<p><strong>Additional Intakes<\/strong><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">September<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">November<\/span><\/li>\n<\/ul>\n<h2><b><\/b><strong>What are the costs incurred for Australia Student Visa Holders in 2026?<\/strong><\/h2>\n<p><span style=\"font-size: 14pt;\">Australia is a popular destination for students seeking higher education. Students moving to another country can be exciting and overwhelming. They must prove funds and other essential expenses. Australia student visa fees, travel expenses, living expenses, accommodation, and further details required for overseas students are mentioned below.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Also Read: <a href=\"https:\/\/www.greentreeimmigration.com\/blog\/student-visa-for-australia\/\">Apply student visa for Australia from India in 2026<\/a><\/span><\/p>\n<h3><b>Tuition Fees &amp; Expenses in Australia as an overseas student<\/b><\/h3>\n<p><span style=\"font-size: 14pt;\">Australia\u2019s education cost varies according to the university. Tuition fees may vary according to course selection, university, grades, and other factors.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">The average tuition fees for each degree are provided below.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Bachelor\u2019s degree:\u00a0<strong>$20,000\u201345,000 AUD<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Master\u2019s degree:\u00a0<strong>$22,000\u201350,000 AUD<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Doctoral Degree:\u00a0<strong>$20,000\u201342,000 AUD<\/strong><\/span><\/p>\n<h3><b>Travel expenses in Australia as an overseas student<\/b><\/h3>\n<p><span style=\"font-size: 14pt;\">As an overseas student in Australia, travel expenses can be a significant portion of your budget. You can save money on daily transportation by purchasing a student concession card. This gives you a discounted public transportation rate. Additionally, walking or biking to class is an excellent way to save money while staying active. Overseas students spend $1850 to $2500 per year.<\/span><\/p>\n<h3><b>Living expenses for a year are listed below.<\/b><\/h3>\n<p><span style=\"font-size: 14pt;\">Living expenses in Australia as an overseas student, on average, cost around $20,000 to AUD 40,000 annually. Living expenses include accommodation, food, and utility bills.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Living expenses for a year are listed below.<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Student: $21,041 AUD<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">If the partner is accompanying, an additional $7362 AUD<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">If your dependent child is accompanying you, an additional $3152 AUD<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Dependent children (school-aged): $8000 AUD per year\u00a0<\/span><\/li>\n<\/ul>\n<h3><b>Insurance expenses in Australia as an overseas student<\/b><\/h3>\n<p><span style=\"font-size: 14pt;\">Students who move to Australia on a study visa need mandatory insurance called Overseas Student Health Cover (OSHC), which should be valid until the end of their stay. The OSHC costs AUD 6000 (330,450.31 INR approx.). The cost varies according to the length of the course and their stay in Australia.<\/span><\/p>\n<h2><strong>Cost and processing time for an Australia Study Visa in 2026<\/strong><\/h2>\n<p><a href=\"https:\/\/www.greentreeimmigration.com\/blog\/wp-content\/uploads\/2023\/06\/Cost-and-processing-time.webp\"><img loading=\"lazy\" class=\"alignnone wp-image-2072 size-large\" src=\"https:\/\/www.greentreeimmigration.com\/blog\/wp-content\/uploads\/2023\/06\/Cost-and-processing-time-1024x621.webp\" alt=\"Cost and processing time of Australia study visa\" width=\"640\" height=\"388\" srcset=\"https:\/\/www.greentreeimmigration.com\/blog\/wp-content\/uploads\/2023\/06\/Cost-and-processing-time-1024x621.webp 1024w, https:\/\/www.greentreeimmigration.com\/blog\/wp-content\/uploads\/2023\/06\/Cost-and-processing-time-300x182.webp 300w, https:\/\/www.greentreeimmigration.com\/blog\/wp-content\/uploads\/2023\/06\/Cost-and-processing-time-768x466.webp 768w, https:\/\/www.greentreeimmigration.com\/blog\/wp-content\/uploads\/2023\/06\/Cost-and-processing-time-1536x932.webp 1536w, https:\/\/www.greentreeimmigration.com\/blog\/wp-content\/uploads\/2023\/06\/Cost-and-processing-time-2048x1242.webp 2048w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<p><span style=\"font-size: 14pt;\">Australian study visas cost AUD 650 (approximately 35,818.93 INR). Australian study visa fees will increase to AUD 715 on July 1, 2023.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Australian study visa (subclass 500) processing time differs for each stream.<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>Higher Education Sector:\u00a0<\/b>8 to 35 days<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>Postgraduate Research Sector:\u00a0<\/b>13 days to 15 months<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>Vocational Education and Training Sector:<\/b>\u00a09 days to 63 days<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>Independent ELICOS Sector:\u00a0<\/b>8 to 54 days<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>Non-Award Sector:<\/b>\u00a06 to 59 days<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>School Sector:<\/b>\u00a015 days to 5 months<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>Foreign Affairs or Defence Sector:<\/b>\u00a02 to 34 days<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 14pt;\">Australian study visa processing takes up to 8 weeks, whereas some applications get processed immediately.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/greentreeimmigration.com\/contact.php\"><strong><button type=\"button\">Know the Minimum Balance<\/button><\/strong><\/a><\/p>\n<h2><strong>Who is eligible to sponsor a study visa to Australia?<\/strong><\/h2>\n<p><span style=\"font-size: 14pt;\">The following people may sponsor the student in order to obtain an Australia Student Visa:\u00a0<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Parents or legal parental guardians (must sponsor for 60 \u2013 70%)<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Grandparents\u00a0<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Spouse<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Siblings\u00a0<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Aunt or Uncle<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-size: 14pt;\">Loans<\/span><\/li>\n<\/ul>\n<h2><strong>What are the sources to show proof of funds?<\/strong><\/h2>\n<p><span style=\"font-size: 14pt;\">To study at any Australian university, the student must provide evidence of financial stability. Some of the acceptable sources for showing funds are given below:<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Bank statements (current account or savings account)<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Scholarships (governmental or university)<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Property documents<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Loan (governmental or private)<\/span><\/p>\n<h3><strong>How GreenTree Immigration can assist you?<\/strong><\/h3>\n<p><span style=\"font-size: 14pt;\"><a href=\"https:\/\/www.greentreeimmigration.com\/\">GreenTree Immigration<\/a>\u00a0has been providing exceptional Australian visa and immigration services for many years now. We have an outstanding team to provide clients with a positive and hassle-free experience. They have successfully processed over 100 Australian study visas. Our Australian process experts aid in the gathering of the required paperwork and SOP writing for lodging your study visa.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">In India, we have received exceptional ratings and recognition as the premier and authorized consultants.<\/span><\/p>\n<h3><strong>Conclusion<\/strong><\/h3>\n<p><span style=\"font-size: 14pt;\">In general, it is recommended that prospective students have access to sufficient funds to cover tuition fees, living expenses, travel costs, and other expenses as students. Moreover, demonstrating funds availability through bank statements or other financial documents is only one part of the visa application process. Students also need to show their commitment to studying, provide evidence of English language proficiency, and fulfill other visa requirements. In conclusion, by carefully considering their expenses and gathering all the necessary documentation, students can increase their chances of obtaining a study visa. This will enable them to pursue their dreams of studying in Australia. The minimum needed for an Australian study visa is 45 lakhs to 47 lakhs INR.<\/span><\/p>\n<h2><span style=\"font-size: 14pt;\"><b>Frequently Asked Questions:\u00a0<\/b><\/span><\/h2>\n<h3><span style=\"font-size: 14pt;\"><b>1. How do I prove sufficient funds for an Australian visa?<\/b><\/span><\/h3>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">Applicants can show proof of sufficient funds for Australia by providing bank statements, and proof of any scholarships or grants (if applicable).<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><b>2. How much bank balance do I need to show for an Australia study visa?<\/b><\/span><\/p>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">A year&#8217;s worth of living expenses up to Rs. 12 lakhs is the required bank balance for an Australia study visa.<\/span><\/p>\n<h3><span style=\"font-size: 14pt;\"><b>3. What is the minimum percentage required for an Australian study visa?<\/b><\/span><\/h3>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">A minimum of 60% in a diploma or 65% in a bachelor&#8217;s degree is required for an Australia study visa.<\/span><\/p>\n<h3><span style=\"font-size: 14pt;\"><b>4. How many months of bank statements are required for an Australian student visa?<\/b><\/span><\/h3>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">A minimum of 3 to 6 months of bank statements are required to be submitted during the submission of an Australia study visa application.<\/span><\/p>\n<h3><span style=\"font-size: 14pt;\"><b>5. What is the age limit for an Australian study visa?<\/b><\/span><\/h3>\n<p><span style=\"font-weight: 400; font-size: 14pt;\">The maximum age limit for an Australian study visa is 40 years.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Students are looking to travel to various other countries to pursue their education, at any level, and Australia tops this year&rsquo;s list. Australia, with its<\/p>\n","protected":false},"author":2,"featured_media":2071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[29,46],"tags":[42,52,53],"_links":{"self":[{"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/posts\/1595"}],"collection":[{"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/comments?post=1595"}],"version-history":[{"count":14,"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/posts\/1595\/revisions"}],"predecessor-version":[{"id":2688,"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/posts\/1595\/revisions\/2688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/media\/2071"}],"wp:attachment":[{"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/media?parent=1595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/categories?post=1595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greentreeimmigration.com\/blog\/wp-json\/wp\/v2\/tags?post=1595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}