The UK Border Agency has published its lists of financial institutions that do not verify financial statements to the satisfaction of the UK Government. They are in India, Pakistan and the Philippines. The UK Border Agency has also published lists of institutions in those countries that do satisfactorily verify financial statements.
If your money is with a financial institution in a different country, this information does not apply to you.
The lists of institutions whose accounts cannot be relied on for Tier 4 immigration applications become effective on 24 November 2011. If you apply on or after this date with financial documents issued by these institutions, the UK Border Agency will refuse your application. However, you should be aware that if you use documents from these institutions before 24 November 2011, your application runs a higher risk than usual of refusal because the UK Border Agency is likely to have problems verifying your documents. You should try to ensure that your funds are in an account with one of the institutions that is acceptable to the UK Border Agency before you make your immigration application.
For more information please go to this link.