One month Bank statement

[Vgtm]

Hi All,

This is regarding bank statement, this question might be asked and answered thousands of times. But still want to post this question again.

I have received an ITA one month ago, after which I have maintained required balance in my bank account for a month.
I have submitted bank funds certificate, with one month bank statement.
Now, will my profile will be rejected ?as I have submitted only one month statement.
Please help me.

 

[ishq74]

Hi All,

This is regarding bank statement, this question might be asked and answered thousands of times. But still want to post this question again.

I have received an ITA one month ago, after which I have maintained required balance in my bank account for a month.
I have submitted bank funds certificate, with one month bank statement.
Now, will my profile will be rejected ?as I have submitted only one month statement.
Please help me.

No it will not be rejected but pretty sure they will request additional documents to verify the source of the funds. You should be ready with the explanation that why don't you have six month average balance; in other words you have to explain suddenly where did you get so much money from? If you cannot prove that the entire fund is absolutely yours, not borrowed then your application will be rejected. Common way of explaining the sudden flow of large amount is through gift deed from parants or sell receipt of assets.

 

[Vgtm]

Thank you so much.

 

[Vgtm]

Hi Ishq74

If possible please help with gift deed process.

Thanks

 

[div velu]

Hi All,

This is regarding bank statement, this question might be asked and answered thousands of times. But still want to post this question again.

I have received an ITA one month ago, after which I have maintained required balance in my bank account for a month.
I have submitted bank funds certificate, with one month bank statement.
Now, will my profile will be rejected ?as I have submitted only one month statement.
Please help me.

if it is a new bank account, explain it in youe LOE. do not wait for them to ask you. if it is an existing bank account, it will be reflected in your statement and is not advisable to do so.

 

[Vgtm]

if it is a new bank account, explain it in youe LOE. do not wait for them to ask you. if it is an existing bank account, it will be reflected in your statement and is not advisable to do so.

Thanks Div velu,
The money was in joint FD(me and my mother's)
Name.
After getting ITA she broke those FD'S and deposited in to my savings Account.
It's like gift from my mom.
Now shall I make gift deed for the same.

 

[Vgtm]

No it will not be rejected but pretty sure they will request additional documents to verify the source of the funds. You should be ready with the explanation that why don't you have six month average balance; in other words you have to explain suddenly where did you get so much money from? If you cannot prove that the entire fund is absolutely yours, not borrowed then your application will be rejected. Common way of explaining the sudden flow of large amount is through gift deed from parants or sell receipt of assets.

The money was in joint FD(me and my mother's)
Name.
After getting ITA she broke those FD'S and deposited in to my savings Account.
It's like gift from my mom.
Now shall I make gift deed for the same

 

[div velu]

The money was in joint FD(me and my mother's)
Name.
After getting ITA she broke those FD'S and deposited in to my savings Account.
It's like gift from my mom.
Now shall I make gift deed for the same

Yes you can go ahead with fhe gift deed

 

[Vgtm]

if it is a new bank account, explain it in youe LOE. do not wait for them to ask you. if it is an existing bank account, it will be reflected in your statement and is not advisable to do so.

If I have to make gift deed, whats the process ??
Who will help to make that gift deed??

 

[Vgtm]

Yes you can go ahead with fhe gift deed

Don't mind div velu.One last question.
Is it mandate to make that gift deed.
What do you suggest.

 

[div velu]

Don't mind div velu.One last question.
Is it mandate to make that gift deed.
What do you suggest.

Yes it’s def better just to convince cic that you will have full access to the cash. It is essential since it was a joint FD