
Australia tightens student visa rules, savings threshold raised: Here is how it will affect Indian applicants
Live MintThe Australian government has recently tightened the norms for international students applying for a visa to enter the country, and the new rules will come into force from Friday, May 10. As per the updated regulations, the minimum threshold amount needed as savings to enter the country on a student visa has been increased substantially. “The financial capacity requirement has been updated to align with a proportion of the national minimum wage,” Australia's Department of Home Affairs and Immigration stated in a press release. The Australian government has raised the minimum savings amount required for entry into the country on a student visa. Indian students aspiring to study in Australia, as well as those who are already pursuing academic degrees in the island country, must show that they have at least A$29,710 in savings, to be eligible for a student visa, which equals 75 per cent of the national minimum wage.
History of this topic

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