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Proof of funds --> Gift deed --> Fixed deposit

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sadhulogy

Member
Jul 10, 2019
10
0
Hello everyone, I need some urgent advice regarding the proof of funds.

So If my parents send me 13000 Canadian dollars to my bank account and I get a gift deed declaration done for the same, do I need to convert the money into a fixed deposit?
And if so, what should be the characteristics of the fixed deposit? Like lock in period and all that?
 
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