Please confirm if the Provident Fund statement of the spouse of primary applicant considered for proof of funds?
If so should the statement be attested by the company payroll or PF office?
I don't understand what a PF is and how you would get your money out of it. Could you please explain? The money has to belong to you and be liquid and transferable. If you had to pay for rent and groceries could you use it? An life insurance policy or pension fund that requires either death of the insured or having reached retirement age before it can be cashed would be of no use for POF purposes.
Provident fund is nothing but i pay a small amount of money from my salary to this account.
This will be dispersed to me back in full, in case I leave the company and join another employer. I also have an option of transfering the accumulated funds from one employer to another or withdraw in full to invest else where.
In case of immigration, PF statement would suggest the balance I have on this account. I would need to necessarily quit my work in home country to travel to Canada. So in other words, PF can naturally be liquidated to actual spending in Cananda.
In my company, I have seen people withdrawing money from PF account after quitting.
CIC has kept this POF as mandatory, so that come one comes here able to survive even if you don’t find a job for some time. POF should be in a form that you can carry along with you and used for your survival
EPF is perfectly acceptable means for POF. You become eligible as soon as you leave your work and transfer to other country. So these funds would be available to you when you make the big switch ..
I have seen many people use it as a POF in FSW 2014.
Others while replying, please see if you got enough knowledge to answer my question. Just the judgement doesn't help, without any logical reasoning to back it.
EPF is perfectly acceptable means for POF. You become eligible as soon as you leave your work and transfer to other country. So these funds would be available to you when you make the big switch ..
I have seen many people use it as a POF in FSW 2014.
hello
evn I am planning to show a part of POF as EPF of my husband. is it ok? I am in a big doubt as many people say it wont be accepted as POF. and I don't want to take a risk after paying so much money. do any of u have any experience of showing EPF as POF?
hello
evn I am planning to show a part of POF as EPF of my husband. is it ok? I am in a big doubt as many people say it wont be accepted as POF. and I don't want to take a risk after paying so much money. do any of u have any experience of showing EPF as POF?
yes i did the same.i cant assure you if this is the right method as I haven't got PPR yet. but I m 70 percent sure this is the right way to do (if u don't have much funds to show).