I have a confusion on proof of funds. I have two FD worth 8.5 Lakhs but only 4 months old now and i requested ITA with a score of 461 on September 2018. The funds requirements are for me and my spouse, both of us are working and it is only I who would be going for now, though Visa is for both of us. Now I have a Home Loan and Education loan with deductions of 24k and 14k respectively. Should i accept this invitation and show six months statements along with the FD or reject this one and wait for the next invitation as then, i can submit POF by November 1st week, when my FD would be six months old and i may not have to show my six months statements and thus, would not need to showcase my loans.
Please guys respond and suggest as I am hell confused.
I have a confusion on proof of funds. I have two FD worth 8.5 Lakhs but only 4 months old now and i requested ITA with a score of 461 on September 2018. The funds requirements are for me and my spouse, both of us are working and it is only I who would be going for now, though Visa is for both of us. Now I have a Home Loan and Education loan with deductions of 24k and 14k respectively. Should i accept this invitation and show six months statements along with the FD or reject this one and wait for the next invitation as then, i can submit POF by November 1st week, when my FD would be six months old and i may not have to show my six months statements and thus, would not need to showcase my loans.
Please guys respond and suggest as I am hell confused.
First of all congrats. I would say to payoff those remaining 24k and 14k or did you mean that there is a monthly payment of 24k and 14k from the bank accounts. What hamgha said in the above post is that, it is fine to have a one month or four month deposit of the required money to show the CIC. So, I wouldn't recommend rejecting the invitation.
First of all congrats. I would say to payoff those remaining 24k and 14k or did you mean that there is a monthly payment of 24k and 14k from the bank accounts. What hamgha said in the above post is that, it is fine to have a one month or four month deposit of the required money to show the CIC. So, I wouldn't recommend rejecting the invitation.
Hi Hamgha
I have a similar situation, I sold few assets (like car, property) and accumulated the required funds. there are 3 or 4 huge deposits in the first week of September'18. If I get a ITA by end of October'18, should I still need to give explanation for these deposits? What you suggest should be the form of explanation like do I need to give some receipt or just mentioning in the Letter of Explanation is sufficient?
Hi guys, my average balance was around 9k in the first 4 months of my account, and then I sold my car ( Around 11k). At the end I managed to show an amount above what was required, and also I uploaded the documents of the transaction of selling my car. Do you think is it ok?
Hi guys, my average balance was around 9k in the first 4 months of my account, and then I sold my car ( Around 11k). At the end I managed to show an amount above what was required, and also I uploaded the documents of the transaction of selling my car. Do you think is it ok?
Hi Hamgha
I have a similar situation, I sold few assets (like car, property) and accumulated the required funds. there are 3 or 4 huge deposits in the first week of September'18. If I get a ITA by end of October'18, should I still need to give explanation for these deposits? What you suggest should be the form of explanation like do I need to give some receipt or just mentioning in the Letter of Explanation is sufficient?
