Every major study destination tests financial capacity differently. Canada applies an annually revised living-cost figure, the United Kingdom a 28 day holding period, Australia the Genuine Student requirement, and the United States the cost of attendance stated on the I-20. A CA net worth certificate is accepted alongside each destination's own proof.
Which countries require a net worth certificate for a student visa?
Canada, the UK, Australia and the US each accept a CA-signed net worth certificate as supporting evidence of financial capacity, though none of them treat it as the sole document — each pairs it with the destination's own specific proof.
| Country | Primary Test | Paired With |
|---|
| Canada | IRCC's annually revised living-cost figure | GIC and tuition receipts |
| United Kingdom | 28 consecutive day fund-holding rule | Bank statements from the holding account |
| Australia | Genuine Student requirement | CoE and offer letter |
| United States | No fixed threshold — I-20 cost of attendance | I-20, DS-160 declaration |
What is the difference between proof of funds and a net worth certificate?
Proof of funds shows money is available right now (a bank statement or GIC receipt); a net worth certificate states your total assets minus liabilities as on a date, giving a fuller picture of financial standing. Most destinations want both, not one instead of the other.
Who can issue a net worth certificate for a student visa?
Only a practising Chartered Accountant, registered with ICAI, can sign a net worth certificate and generate its UDIN — the number visa officers and universities can verify independently.
