Dear All,
I have a question regarding settlement fund for FSW:
As per the guidelines settlement fund should be savings bank account, FD or PF but suppose if you have some assets like Gold and Mutual funds and then some liabilities like car loan, car loan will be deducted from your settlement fund (savings,FD,PF)?
or car loan will be deducted from the valuation of Gold /Mutual Funds ?
Hi dear,
Did you got answer to your query as yet or not?
Also if you can help me with my query as follows:
I am the single applicant for PR and hence need to show $ 11,824 as settlement funds
My total assets are as follows:
1. Fixed Deposits= 7 lakh 10 thousand rupees= 12832 CAD (1 cad==55.33 INR as of today)
2. Public Provident Fund= 83830 rupees= 1515 CAD
3. Mutual Funds= 70,000 rupees= 1265 CAD
Total Assets= 15612 CAD
My liabilities= NIL
My total settlement funds= Fixed Deposits= 7 lakh 10 thousand rupees= 12832 CAD ( from my assets itself)
Is this correct response to Question 11 of IIM 0008 -Schedule 3?
My doubt is that can i include PPF and Mutual fund as my total assets?
Or
I should write
Assets= Fixed Deposits= 7 lakh 10 thousand rupees= 12832 CAD
Liability = NIL
Settlement Funds= Assets= 12832
Can you clarify my doubt?
