Thank you Yuvaraj! I have checked the visa bulletion on the USCIS website and you're right about the waiting period. Right now the waiting period is about 12 years. I have a feeling it might create a problem while renewing my F-1 visa. However, I also think may it won't because they do state on their website about what if the sibling is already in the US. If they have the provision for siblings already in US then they clearly understand that they are non-immigrant visa holders and that they don't have a problem if they want to immigrate. Lets see what the future holds.

Waiting for some more valuable advices folks!

Good day! :)