EE - Funds Requirements

[iamaavishkar]

I have applied for Canada EE and currently in process of OINP. I have a doubt regarding required funds. I alone will be applying for Canada Imm. so the funds required are around 6.5 lakhs INR.
One of my friend has lent me the amount and I am showing it under fixed deposit on my name. Would that create any issue?
Does VO ask for bank statements and if yes would the influx of funds pose an issue for me?

 

[prasenjit1986]

I have applied for Canada EE and currently in process of OINP. I have a doubt regarding required funds. I alone will be applying for Canada Imm. so the funds required are around 6.5 lakhs INR.
One of my friend has lent me the amount and I am showing it under fixed deposit on my name. Would that create any issue?
Does VO ask for bank statements and if yes would the influx of funds pose an issue for me?

Hi,
Yes - the VO will look for bank statements dating up to 6 months back to ensure that you had the required financial capital with you, and not got it recently as a loan or a gift. Without a proper trail of bank statements, the VO will have the discretion of posing questions related to the origin of the funds.