Is it fact that even if I get a chance in a university for PhD with full funding and during admission the university didn’t asked any financial paper, still I have to show 20 lakhs cash in bank and land and house will not be count? Only cash have to be shown? If this is the case then how many middle class students are going there for phd who cant afford to show 20 lakh cash in bank? – Sayantan
If you have full funding, its not required to show bank balance during visa interview. Its recommend you show as much cash and property as you can. This will establish strong ties to your home country.
Land, house will come under immovable property. You can get CA statement for property evaluations and total property assets.
Most of the students going to USA are from middle class and they find a way to pay for education through their parents savings, education loan, borrowing money, sponsored by relatives, etc.
Some students end up completing graduate degree without funding. They would have huge education loan, which would take few years to pay-off.