Explained: How Australia's New Student Visa Rule Change Affects Indians

Australia Student Visa: Effective May 10, 2024, studentswill have toshow that they have savings of at least ₹16,29,964 to qualify for a visa.

Australia has made it tougher for international students to get visas. It has increased the amount of money a student must have as savings to enter the country. The required amount will now be 75% of the national minimum wage. Effective May 10, 2024, students will have to show they have at least A$29,710 (₹16,29,964) to qualify for a visa. 

The change is meant to ensure students can afford basic living expenses while studying in Australia, considering they may not be in class for 25% of the year and work during that time. Meeting this requirement will help students plan their future better. 

This is the second time in seven months the amount of savings has been increased, following a previous hike to A$24,505 (₹13,44,405) from A$21,041 (₹11,54,361) in October.