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Fixed Deposit as Proof of Funds

Maverick28

VIP Member
Feb 5, 2017
3,123
823
Canada
Wolverine17 said:
May i ask how come its a fixed deposit and still you are able to withdraw at anytime?thanks
You can liquidate a fixed deposit any time you want. You may or may not get any interest on that deposit. This depends on the initial terms and conditions of the FD you make.
 

Wolverine17

VIP Member
Mar 28, 2016
3,135
351
Maverick28 said:
You can liquidate a fixed deposit any time you want. You may or may not get any interest on that deposit. This depends on the initial terms and conditions of the FD you make.
So are you sure that its accepted as pof by cic?
 

hitesh0414

Hero Member
Apr 17, 2016
461
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Fixed deposits are accepted by CIC. I shown just one FD for INR 10 lacs along with bank letter for that FD
 

Rav@1

Member
Sep 11, 2016
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I started an FD on 28 Oct 2016, as of today it is 5 months old. I will submit my application in the coming week, should i bother about a gift deed? By the time they review my application I believe the funds would be 6 months old...
 

nv0411

Hero Member
Dec 15, 2016
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Rav@1 said:
I started an FD on 28 Oct 2016, as of today it is 5 months old. I will submit my application in the coming week, should i bother about a gift deed? By the time they review my application I believe the funds would be 6 months old...
Submit a gift deed.. Better spend an additional day and obtain a gift deed before you submit you application rather than having to spend additional weeks where your PoF document is scrutinized back and forth before they come back to you with a document request anyway..
 

Wolverine17

VIP Member
Mar 28, 2016
3,135
351
nv0411 said:
Submit a gift deed.. Better spend an additional day and obtain a gift deed before you submit you application rather than having to spend additional weeks where your PoF document is scrutinized back and forth before they come back to you with a document request anyway..
Why did you recommend him to have a gift deed
 

nv0411

Hero Member
Dec 15, 2016
266
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Category........
Visa Office......
CPC-O
Job Offer........
Pre-Assessed..
App. Filed.......
05 Dec 2016
Doc's Request.
None
Nomination.....
None
AOR Received.
05 Dec 2016
IELTS Request
Upfront
Med's Request
Upfront
Med's Done....
Upfront
Interview........
None
Passport Req..
10 Mar 2017
VISA ISSUED...
24 Mar 2017
Wolverine17 said:
Why did you recommend him to have a gift deed
Thats the best way for him to conclusively prove the money wasn't borrowed.. A large transaction less than 6 months old can be flagged as suspicious by a case officer.. Should he take that chance?
 
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pino1130

Star Member
May 22, 2017
150
11
Right, same here.

I sent in my FD receipts, bank statement and a letter from the bank stating I have an 'x' amount in my bank account, and that I have held an account in the bank since a certain number of years. Also got a line added in there to say I have full access to the money, anytime.

There was no need to send anything else.

However, if you are opening a new FD *now*, and this money has been somewhere else all along the past 6 months, you may have to send in the source of these funds - if you transferred this from a different account, or from your spouse's or this was the result of some recent sale, etc

Hope this helped.
Dear guy,
I need your urgent help regarding my fixed deposit. My fixed deposit is a 1-year term. I opened it in June 2016, which means it's older than 6 months now. My concern is that its maturity date will be Jul 20, 2017 however my deadline for APR is Aug 16, 2017. I got the bank letter already and it clearly mentions the maturity date. Will this make CIC disregard my PoF because it will mature before the deadline? If yes, what should I do? Pls help me!! Thank you.
 

Live life

Hero Member
May 6, 2017
302
46
I just showed my FD receipts which has maturity of 2015-2020 along with bank statemet of 6 months. just 2 papers and all was fine.
Is your PR application approved? So past 6 months bank statement and FD receipt was sufficient for the proof of funds? Thanks
 

hitesh0414

Hero Member
Apr 17, 2016
461
88
Category........
Visa Office......
NDVO
NOC Code......
4011
Job Offer........
Pre-Assessed..
App. Filed.......
10 December, 2016
AOR Received.
10 December, 2016
Med's Done....
26 November,2016
Passport Req..
10-03-2017
Is your PR application approved already? Did you submit only the bank letter for the FD and the FD receipt? Bank statement are not mandatory?
Yes, i got PR and already landed. For FD, I just submitted the color scanned copies of bank letter and original FD.
 

Live life

Hero Member
May 6, 2017
302
46
Yes, i got PR and already landed. For FD, I just submitted the color scanned copies of bank letter and original FD.
Thanks hitesh. Just confirm my understanding below
1.bank statements are not required in case FD is proof of funds
2. Just the FD receipts and bank letter for the FD stating that it can be liquidated is enough.
3. Is there a bank letter required which states all the relationships including loans, credit card etc also needed?