Spring 2009:
It will be late of you take GRE in October and applying for Spring 2009. But, you have ample time to apply for Summer 2009 or Fall 2009. Summer 2009 starts in June.
Fall 2009:
You will need to apply before Jan end max Feb end. But majority of schools have deadline between dec to jan.
GRE Preparation:
It takes lots of time and effort to score more in GRE. Any score above 1100 is good enough to get admission. But try to get above 1300. GRE is not the only factor considered for admission. TOELF, Academic Percentage, SOP, letter of recommendation, Resume,.. play major role in getting admission. SO, dont worry about 54%.
Scholarship:
TO get admission with scholarship, you will need to score 1300+ in GRE.
Academic Percentage:
54% is actually not bad. Usually Mumbai and Pune University will give less scores than Universities in South India. So, you are fine.
GRE, Admission Information:
Here are few links that will help you in GRE, Bank Statements and college selectionYou have 2 months and thats enough time to score more than 1300 in GRE.
Good Luck.



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