I’m an overseas worker that sends intermittent remittances to my account in India.
The funds in the account are more than sufficient to meet the funds requirement.
However I’ve read on a couple of places and on forums that internment high value transactions in the account may be an issue and the source of the amounts may be queried.
The funds in question have all been sent across by myself from overseas and I have the bank transfer slips.
My concern is if wether such remittances would be queried ?
If I have to show local account details in the country I work it might be a problem as I haven’t Managed this account well and have loan and credit payments going out from this account.
Very concerned as a few members have already declined an ITA
Would appreciate any guidance on how I could sort this
Joel what I would recommend is that if you can get a letter from your bank in India which states the closing balance and account when it was opened should be a good enough letter for your PoF.
Get this letter just around the same time you are submitting your PR application after you have received the invitation to apply(ITA). They want to see that when you land here you have access to these funds for your day to day errrands and emergencies.
Joel what I would recommend is that if you can get a letter from your bank in India which states the closing balance and account when it was opened should be a good enough letter for your PoF.
Get this letter just around the same time you are submitting your PR application after you have received the invitation to apply(ITA). They want to see that when you land here you have access to these funds for your day to day errrands and emergencies.
So if I understand correctly the letter would just state the opening date on the account and the closing balance ?
Any idea what the letter is specifically called ?
I’m banking with Axis bank in India - will write to my rep to check the possibility to get this letter.
Most people go for a statement of account for 6 months If I’m not mistaken
So if I understand correctly the letter would just state the opening date on the account and the closing balance ?
Any idea what the letter is specifically called ?
I’m banking with Axis bank in India - will write to my rep to check the possibility to get this letter.
Most people go for a statement of account for 6 months If I’m not mistaken
For my own application, I used a bank statement of 6 months but my statement did not have any major deductions/withdrawals, that's why i was suggesting you the PoF letter from the bank.
You can search for more threads here on this forum title Proof of Funds to get more clarity.
For my own application, I used a bank statement of 6 months but my statement did not have any major deductions/withdrawals, that's why i was suggesting you the PoF letter from the bank.
You can search for more threads here on this forum title Proof of Funds to get more clarity.