How Much Bank Balance Is required For Russia Student Visa?

Some students have a passion to go abroad to pursue their dream of getting higher studies.  They want to get higher education from international highly qualified universities. Getting knowledge from other countries gives you a different experience and expands your horizon of exploring things. Therefore, you need a visa permit to enter that country to study there without restrictions.Let us know How Much Bank Balance Is required For Russia Student Visa?

How Much Bank Balance Is required For Russia Student Visa?

Russia is a developed country that allows many students to come and study at renowned universities. Although before visiting Russia, you first apply to a specific college or university. When your permission is accepted and you meet all the criteria to study at that university, you apply for a student visa for a specific time. Russia allows some countries visa-free stay for a limited time. But this visa-free stay of 1-3 months doesn’t suit students. Therefore, for study purposes, you need a valid student visa to enter Russia and make your stay restriction free. This study will provide you with complete guidelines about your visa requirements including your bank balance and make your dream of studying in Russia come true.

Why do students like to study in Russia?

Many students aimed to get a higher degree in Russia because the standard of education is internationally recognized. If you study in Russia, you can earn and afford your cost of living by doing part-time jobs. The cost of living in Russia is cheaper than in many other countries. There are multiple international companies in Russia and you can get opportunities to join them and earn better in business, economics, finance and technology.

Is a bank balance required for a Russian student visa?

While no big amount is important to show as a bank balance, however, depending on your type of visa, they may ask for bank statements. The eligibility criteria for bank statement is mainly for those who are self-employed, working from home, unemployed or a company director and they need to submit bank statements for the last three months. Otherwise, you must need a valid passport with  some other documents that you must have to submit are as under:

a. Original international passport with copy of front page

b. Official invitation form with its original copy for entry

c. Application form with 3.5x 4.5 photograph

d. Under 18 years applicants must have parental consent for travel by the legal official

e. The HIV negative certificate HIV positive are not allowed to get the visa permit

Funds to show for a student visa

Though, Visa fee vary from country to country, but you must have a 1-year course fee along with travelling expenses to study in Russia. Course fees included university charges and most universities take the payments in advance before admission offer approval. Similarly, you should have enough cost for living in Russia, because you are not allowed to work with study without a work permit. The eligible students for the scholarship require an original copy of the scholarship letter. Your bank account statements should be with you with a verified signature. Similarly, loan approval or other payment letters must be with you.

Requirements to study in Russia

First of all, the Russian ministry of interior will allow you to get the visa invitation.  You can get visa invitations from the required universities or the Ministry of Foreign affairs. It is better to start planning 3 months for the Russian visa. Your second step after the invitation is to apply through the Russian embassy in your home country. It takes approximately 2-5 weeks to process the visa. The online application form for a Russian visa needs to be completed from the official website kdmid.ru. Then you need the registration of visa and students get the registration from the relevant university or institute within 7 days of their arrival.

Conclusion

To study from abroad is a passion for those students who want to seek knowledge while visiting a different culture and history. If you have such a desire and want to get higher education, you must apply for a Russian student visa. Russia has multiple well-known universities that encourage international students to get purposeful education with established research opportunities. The top 3 most important requirements to study in Russia are a visa invitation form, an application form and the registration of a visa. However, regarding the bank statements, the rules vary according to country and visa type. However, by and large you show bank statements for the last three months. On the other hand, you must have 1-year course funds and living charges with you before moving in Russia.

 Frequently Asked Questions

1. Can I stay in Russia after completing my coursework?

International students cannot stay in Russia after completing their studies. But students can stay after getting work visa permit.

2.  Does everyone need to submit bank statements?

It is mandatory to attach bank statements for its applicants in many countries. Your bank statements should be attested and error-free.