Hi everyone! My husband (Who will be accompanying me) has transferred some money monthly to my accout - since we do not share a joint account - for more than 6 months while we were getting prepared to apply for immigration. Do you think it’s enough to send the bank letter, bank statements from the last 6 months and a LOE signed by him explainig that the deposits have the purpose of contributing to support our settlement in Canada?
Hi guys, I have a similar concern. I do have an FD, which was created 4 months ago.
6 months ago, I had total balance as 650000 in my account (as per the requirement at that time- 2018).
Now it is total- 700000, including the FD. I am showing both and total amount as 7lac.
Will I need any exceptional document other than a simple bank certificate and bank account statement?
I sent in my FD receipts, bank statement and a letter from the bank stating I have an 'x' amount in my bank account, and that I have held an account in the bank since a certain number of years. Also got a line added in there to say I have full access to the money, anytime.
I am landing on June 14th in Toronto, Could you please share your landing experience with a FD as a Proof of Funds. Did you face any issues as i have heard they generally want a proof of fund that can be liquidated easily.
I am in a bit of a situation and any advice would be highly appreciated. I got my ITA and my deadline is Aug 22, 2018. I am showing FD of 700,000 inr which was created jan 25, 2018. The FD would be 6 months old July 25, 2018. The concern here is that my dad gave me the money which he took a personal loan of, which I don't have to pay him back. Since the FD would be more then 6 months old if I submit after July 25th. Do I need to get a gift deed from my father? I am concerned since it was from a personal loan and not from his savings the profile would be rejected.
What can I do here, and advise would be greatly helpful
Hello everyone,
My WES is under process, soon it will be done and I need to apply for ITA. My CRS score is 470 so, I am hoping to get ITA. But before that I need to prepare my documents, especially POF.
I have less balance in my account at the moment so, I was hoping to get funds transferred from my dad's account. Can anyone tell me what would be the safe procedure, should I get gift deed or FD done? Any other suggestion is welcomed since the funds are not so old.
Yes! you should do the following:
1. Take copies of your last six months statements - get them stamped by the bank - scan and upload them
2. Also, take the balance certificate from bank on their letter head - scan and upload it
You should do both the steps to avoid any sort of future hassle. This is what I did, the more clarity you provide them in terms of your funds, the better it is for you.
I have received my ITA and have 47 days left to submit my details. If I get my 13,000 CAD from my parents and get a gift deed. Do I need to convert the funds to a fixed deposit as well?
I have received my ITA and have 47 days left to submit my details. If I get my 13,000 CAD from my parents and get a gift deed. Do I need to convert the funds to a fixed deposit as well?
You can show in saving as well but FD looks more convincing.
Lock period is always there for FD , suggested is 1 year, but FD should always be available for liquidation at customer’s will and same need to be mentioned on bank letter u will be getting for ur FD
Recently I had a cheque deposit of 50,000 INR into my account, the next day I opened an FD with that amount. Is it required to show source of funds for this? It was my savings which i kept in mom's account. Since it is not a huge transaction still is it required to show source of this fund ?