Help regarding Financial Documents (India) for study permit

[Blueuniverse]

Hey!
I am from India have been accepted to M.Eng program at Queen's University for fall 2017. I don't wish to apply for GIC but many people around me are telling me to do saying it is highly recommended. I wanted to ask that if I don't opt for GIC what are the other ways I can show the proof of funds?

I can show the sufficient funds required to support me for 2 years and fee receipt for the first term. My dad has a business. So can you tell me that if the bank statements of my Dad's savings account along with an affidavit that he is willing to sponsor me throughout will work or do I only have to opt for an education loan (to replace GIC).
Also does the last deposit in a bank account work, or does the bank account need to have the required funds already?

Thanks!

 

[Navprateek]

It's will make your case stronger if you do apply for GIC, pay at least a sem fee. You do have to show proof of funds and your dad's account details can work. You have to attach the a minimum of 3 months statements and if there is a huge deposit you better attach a proof of from where it came. You will need an affidavit for sure. Has to prove strong ties to your country make sure you write a strong SOP. Hope it helps, good luck

 

[good boy]

There are country specific and type specific ( SPP, non SPP, univ) instructions available in cic.gc.ca. Check for India. As far as I remember GIC is not mandatory.

I would recommend to get the loan on top of your father's account balance. Make sure to provide your father's ITR.

What do you mean? Last minute deposit? Small transactions are fine. But the major chunk of the money has to be there for 4 months or so.

 

[Blueuniverse]

It's will make your case stronger if you do apply for GIC, pay at least a sem fee. You do have to show proof of funds and your dad's account details can work. You have to attach the a minimum of 3 months statements and if there is a huge deposit you better attach a proof of from where it came. You will need an affidavit for sure. Has to prove strong ties to your country make sure you write a strong SOP. Hope it helps, good luck

Okay! Thanks a lot for the information! I had one more query, if in case I do opt for GIC and deposit the required 10,000$ and on top of that pay the first term fee, do I still need to show the required funds(the fee for the rest two terms) in my father's bank account, affidavit and assets to convince the VO regarding funding. As someone told me that first term's fee confirmation, GIC and my parent's ITR for the last 2-3 years would make sufficient financial documents.
Thanks

 

[Navprateek]

For financial docs you have to show liquid money. You assets are just to prove your ties to home country. You cannot use them as a proof of funds. You will have to pay GIC first sem fee and enough funds to cover your next sem fees and stay expenses.

 

[Blueuniverse]

For financial docs you have to show liquid money. You assets are just to prove your ties to home country. You cannot use them as a proof of funds. You will have to pay GIC first sem fee and enough funds to cover your next sem fees and stay expenses.

Oh! Okay! Thanks for the information. Just curious to know that if mutual funds counted as liquid money or assets?

 

[Navprateek]

As long as you show the investment in form of an FD (fixed deposit) which is linked to you or may be a person who is writing an affidavit for you. You should be good.

 

[Blueuniverse]

As long as you show the investment in form of an FD (fixed deposit) which is linked to you or may be a person who is writing an affidavit for you. You should be good.

Okay perfect! any idea where can I get the format for the affidavit online? Just for reference!

 

[Navprateek]

I am not quite sure. you can try to Google - there should be a lot of information.
Good luck

 

[Blueuniverse]

I am not quite sure. you can try to Google - there should be a lot of information.
Good luck

Thanks!

 

[sandy99980]

Bro if you applying online under spp then there is not need of financial documents u just have to submit GIC and 1sem fees receipt

 

[Blueuniverse]

Bro if you applying online under spp then there is not need of financial documents u just have to submit GIC and 1sem fees receipt

Thanks! But mine is a university, It does not come under SPP.

 

[Navprateek]

Which uni are you going? And for which program?

 

[sandy99980]

Okh the. U have to submit you affidavit and it's normal u just have to explain in that who paying your fees in relation that's all and have to make CA report

 

[Blueuniverse]

Which uni are you going? And for which program?

I am going to Queen's University for M.Eng program, fall 2017