Gift Deed - Question

[wickerman]

Hey Guys

Here is my scenario and I some clarification on this.

I have a SBI account in India. I am currently based out of the US. This SBI account is not being used - it is just being kept open for emergencies.

As a part of my proof of funds, my Mother broke an FD that she invested in this past March. The FD was deposited in her account. She then transferred it to my SBI account.

I am submitting a Gift Deed in a stamp paper along with the last 1 month bank statement, to show the deposited amount in my account.

My question is, is the above sufficient?

Please note that I am showing over 25,000 USD in my checking account in the US along with the 12 month average balance separately.

This submission here is just to show additional funds in my account that was given to me as a Gift. So does my SBI thing work?

 

[hamgha]

Hey Guys

Here is my scenario and I some clarification on this.

I have a SBI account in India. I am currently based out of the US. This SBI account is not being used - it is just being kept open for emergencies.

As a part of my proof of funds, my Mother broke an FD that she invested in this past March. The FD was deposited in her account. She then transferred it to my SBI account.

I am submitting a Gift Deed in a stamp paper along with the last 1 month bank statement, to show the deposited amount in my account.

My question is, is the above sufficient?

Please note that I am showing over 25,000 USD in my checking account in the US along with the 12 month average balance separately.

This submission here is just to show additional funds in my account that was given to me as a Gift. So does my SBI thing work?

i don't see why you went through all that. Additional funds don't give an "added" value and you're not required to show CIC all of the money you have. Is there a particular reason you did that?

 

[wickerman]

i don't see why you went through all that. Additional funds don't give an "added" value and you're not required to show CIC all of the money you have. Is there a particular reason you did that?

I have credit card balance of 20k USD. I know that is not a problem, but wanted to present evidence that even if they take that into consideration, I have enough funds to cover for the threshhold required.

 

[hamgha]

I have credit card balance of 20k USD. I know that is not a problem, but wanted to present evidence that even if they take that into consideration, I have enough funds to cover for the threshhold required.

oh alright. should be fine then.

 

[wickerman]

oh alright. should be fine then.

So, is my documentation good?

Can anyone else comment as well?

 

[hamgha]

So, is my documentation good?

Can anyone else comment as well?

oh sorry I should've elaborated, the "should be fine" was for using a gift deed. i'm not familiar regarding the exact documentation.