Proof of Fund

[Muhit85]

Hi All,

I got ITA. I have a query regarding POF. I'm the first applicant and my wife is the second applicant. We have FDR in my wife's account. My questions are:
- do I need to submit any additional doc stating that I can use that money? If yes, what type of document is required?
- do I have to show all accounts I have in different banks? or just the FDR account?
- I will show loan account and credit cards

Requesting expert opinion. Thanks in advance!

 

[subodhp]

Hi All,

I got ITA. I have a query regarding POF. I'm the first applicant and my wife is the second applicant. We have FDR in my wife's account. My questions are:
- do I need to submit any additional doc stating that I can use that money? If yes, what type of document is required?
- do I have to show all accounts I have in different banks? or just the FDR account?
- I will show loan account and credit cards

Requesting expert opinion. Thanks in advance!

No, since both you and your spouse are moving.
Yes, show all accounts.

 

[Muhit85]

No, since both you and your spouse are moving.
Yes, show all accounts.

Im more confused now. I have 6-7 savings accounts in different banks. It would be difficult to collect statement for all. I was planning to give FDR starement, loan statem

 

[subodhp]

Im more confused now. I have 6-7 savings accounts in different banks. It would be difficult to collect statement for all. I was planning to give FDR starement, loan statem

This is what official link says in your application

This must:

• list of all your bank (chequing and savings) and investment accounts, the account numbers, dates each account was opened and the balance of each account over the past six months,
• list all outstanding debts, such as credit cards and loans,
• be printed on the letterhead of the financial institution, and include your name and the contact information of the financial institution (address, telephone number and e-mail address).

 

[uppperkut]

This is what official link says in your application

This must:

• list of all your bank (chequing and savings) and investment accounts, the account numbers, dates each account was opened and the balance of each account over the past six months,
• list all outstanding debts, such as credit cards and loans,
• be printed on the letterhead of the financial institution, and include your name and the contact information of the financial institution (address, telephone number and e-mail address).

These are to support the required funds. If you're a billionaire, you don't have to show them your entire investment portfolio. You must list all debt though.