How much is the bank balance required for the Youth Mobility Scheme Visa?

Foreign nationals who wish to apply for a Youth Mobility Scheme visa must have a minimum bank balance of £2,530 to live and work in the country. An applicant must have had the funds available for at least 28 days in a row, which must be within 31 days of applying for the visa.

 

Young foreign nationals can apply for this visa via the Young Professional Ballot, which is free of cost. In addition to the minimum sufficient funds, the applicant must have the processing fee and immigration health surcharge fee for the Youth Mobility Scheme visa.  The UK government has allotted 3,000 places under the Youth Mobility Scheme visa for Indians in 2024.

 

The Youth Mobility visa allows young nationals aged between 18-30 years to live and work in the country for 2 years. It allows foreign nationals to gain work experience that will help them apply for other UK work visas.

 

*Note: The Young Professional Ballot opens two times a year: February and July.

 

*Want to apply for the Youth Mobility Scheme Visa? Talk to Y-Axis for complete guidance.

 

Eligibility criteria to apply for a Youth Mobility Scheme Visa

An applicant must fulfill the eligibility criteria to apply for a Youth Mobility Scheme visa:

 

• Be a citizen of India
• Aged between 18-30 years
• Valid passport
• Educational Qualification (Any Bachelor or Higher degree)
• Sufficient funds of £2,530
• Previously did not enter the UK

 

Requirements to apply for a Youth Mobility Scheme visa

To apply for a Youth Mobility visa, an applicant must fulfil the mentioned requirements:

 

• Valid passport of 6 month
• Proof of education qualification
• Language Proficiency in English
• Proof of funds (excluding processing and surcharge fees)
• At least 3 years of work experience
• Willing to reside and work in the country for 2 years

 

Processing fees of a Youth Mobility Scheme visa

Below are the processing fees for the Youth Mobility Scheme visa:

Processing fees of the Youth Mobility Scheme visa
Processing fees	£259
Immigration health surcharge	£470

 

*Want assistance with UK Immigration? Talk to Y-Axis, the world’s No. 1 overseas immigration consultancy, for end-to-end support.