Minimum Bank Balance for South Korea Visa: A Complete Guide (2025)


The minimum bank balance for South Korea visa is one of the most important financial requirements applicants must fulfill to ensure their visa application gets approved. Whether you're applying for a tourist, student, or business visa, proving your financial stability is essential to assure the Korean authorities that you can support yourself during your stay in the country.

Why Bank Balance Is Important for South Korea Visa

The South Korean embassy or consulate requires financial proof to ensure that the applicant has sufficient funds to cover their expenses while in South Korea. This helps prevent cases of illegal employment or overstaying due to financial constraints. The bank balance acts as a guarantee of the applicant’s financial ability.

Minimum Bank Balance for Tourist Visa

For a short-term tourist visa (C-3), the general minimum bank balance for South Korea visa is usually INR 2,00,000 to INR 2,50,000 per applicant. However, this amount can vary based on the duration of stay, the itinerary, and the financial documents you submit. You need to show this amount maintained in your bank account for at least 3 to 6 months prior to application.

Minimum Bank Balance for Student Visa

If you are applying for a student visa (D-2), the financial requirement is higher. Students must show proof of funds that cover at least one year of tuition fees and living expenses, which usually comes up to USD 10,000 to USD 12,000 (approximately INR 8–10 lakhs). This amount can vary depending on the university and city in South Korea.

Minimum Bank Balance for Business Visa

Applicants applying for a business visa (C-2) must also show financial solvency. While there is no fixed requirement, a bank balance of at least INR 3,00,000 to INR 5,00,000 is recommended to demonstrate that the applicant can cover travel, accommodation, and other business-related expenses.

Documents Required to Prove Financial Capacity

To prove you meet the minimum bank balance for South Korea visa, the following documents are typically required:

  • Personal bank statements for the last 3–6 months

  • Income Tax Returns (ITR) or Form 16

  • Salary slips (if employed)

  • Fixed deposit receipts (if applicable)

  • Sponsorship letter (if someone else is bearing the expenses)

Additional Tips for Visa Approval

  • Ensure your bank statements are stamped and signed by the bank.

  • Avoid large sudden deposits before applying; this can raise red flags.

  • A consistent transaction history is more favorable than a single large balance.

  • Include a cover letter explaining your financial situation if needed.

  • If sponsored, include your sponsor’s bank statements and a sponsorship letter.

What If You Don’t Meet the Bank Balance Requirement?

If you cannot meet the minimum bank balance for South Korea visa, consider the following:

  • Seek a sponsor (family member, employer, etc.)

  • Apply for a visa with a shorter stay duration

  • Submit other financial documents like property papers, investment portfolios, etc.

Embassy Discretion and Final Decision

It’s important to note that meeting the minimum financial requirement does not guarantee visa approval. The final decision rests with the South Korean Embassy or Consulate, and they may consider other factors like travel history, purpose of visit, and documentation quality.

Conclusion

The minimum bank balance for South Korea visa varies depending on the type of visa, duration of stay, and your financial documents. Ensuring that you meet or exceed the minimum requirement can significantly increase your chances of visa approval. For professional guidance and error-free documentation, trust the experts at BTW Visa Services.

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