Letter from Bank - proof funds

[samgrace375]

Hi Guys,

In the letter from bank i recieved following details.

Account number,name of the account holders,account opening date,current balance,type of account.

I will have another set of document with the bank statement for past 6 months.
1.Would the above be sufficient?
2. would I require to convert the amount in CAD to mention in LOE or just INR is sufficient?

 

[Wolverine17]

Hi Guys,

In the letter from bank i recieved following details.

Account number,name of the account holders,account opening date,current balance,type of account.

I will have another set of document with the bank statement for past 6 months.
1.Would the above be sufficient?
2. would I require to convert the amount in CAD to mention in LOE or just INR is sufficient?

I am curious about the currency exchange question as well

 

[xpressentry]

I think it's better to mention in CAD as CIC has given the CAD amount. I don't expect them to remember the conversion of every single currency in the world. My bank didn't give the conversion. Therefore, I took a screenshot of the currency conversion from the bank of Canada website

 

[Wolverine17]

I think it's better to mention in CAD as CIC has given the CAD amount. I don't expect them to remember the conversion of every single currency in the world. My bank didn't give the conversion. Therefore, I took a screenshot of the currency conversion from the bank of Canada website

Can i use the xe website as a reference

 

[xpressentry]

Can i use the xe website as a reference

Not sure about xe.

Example: UK only accepts Oanda so whoever gives xe would get a rejection.

Oanda and xe are the most popular currency converter. CIC does not mention what they accept. Therefore, I played safe and chose a Canadian bank.

 

[cavemen]

I would suggest if you are very close to the minimum required just get a statement for INR and use the bank of canada website snapshot as a reference.
The reason being every bank has a different conversion rate, if its a private bank they will show the selling rate which is always higher . For e.g. if the rate on bank of canada is 48.69 a private bank will show the rate as 52 or something .. which is 4 Rs higher per dollar .. This makes a impacting difference on the final sum .

 

[Wolverine17]

Not sure about xe.

Example: UK only accepts Oanda so whoever gives xe would get a rejection.

Oanda and xe are the most popular currency converter. CIC does not mention what they accept. Therefore, I played safe and chose a Canadian bank.

Ok got it,thanks

 

[PurpleTuzi]

Hi Guys,

In the letter from bank i recieved following details.

Account number,name of the account holders,account opening date,current balance,type of account.

I will have another set of document with the bank statement for past 6 months.
1.Would the above be sufficient?
2. would I require to convert the amount in CAD to mention in LOE or just INR is sufficient?

No need to do any conversions. I had my money in RMB and I didn't have a Problems

 

[dontgiveup]

Hello guys,

I would like to ask if 2-3 weeks old bank letters are ok before eAPR? or should get new bank letters?

Thanks in advance.

 

[thomman]

T

No need to do any conversions. I had my money in RMB and I didn't have a Problems

True. No need for any conversions. Just get the latest statement from Bank ( both consolidated and month by month for the past 6 months) and submit..

 

[mattjp1]

T


True. No need for any conversions. Just get the latest statement from Bank ( both consolidated and month by month for the past 6 months) and submit..

It doesn't harm adding a paper with converted amounts from local currency to Canadian Dollars.

Example
Available funds: XXXXX,00
Equivalent to: CAN XXXXX,00
Foreign exchange rate of November 14th, 2017

 

[thomman]

It doesn't harm adding a paper with converted amounts from local currency to Canadian Dollars.

Example
Available funds: XXXXX,00
Equivalent to: CAN XXXXX,00
Foreign exchange rate of November 14th, 2017

Ofcourse, it doesn't harm. What I meant is, it wont be an issue as well, if its not there.

 

[saimurali88]

Hello guys,

I would like to ask if 2-3 weeks old bank letters are ok before eAPR? or should get new bank letters?

Thanks in advance.

I have the same question as well