It's not just having liquid cash. You MUST show that the money was not borrowed. That's the whole point of a 6 month average balance or bank statement. The only exception is a gift deed.
Please go through section 15 and IMM5612E.
You can make a FD with borrowed money. Liquid cash is one thing, showing the money is yours and not borrowed is another. I'm afraid you're giving wrong advice here.
Mate, you've taken this discussion to a different tangent altogether. Look at the question asked and answers given.
No reason to be offended. I have shown you a post (there are many others) where other experienced members of this forum have advised that an FD that is not 6 month old need a supporting document to show where the money came from. I don't see the reasoning behind your advice - hence why I disagree.
Mate, I do not require to see a post. See my earlier post. I've mentioned, one advices out of experience. As in, if the person has gone through similar situation, then only they can comment. I do not comment unless I've gone through the similar situation.
I don't understand, why would someone convert his/her cash in account into FD for this POF purpose whereas the bank balance is enough. The reason people go for FD and Gift deed coz, they manage the funds from somewhere and get it converted into these negotiable instruments. These instruments get made, not over the period of six months but at the verge of filing tge application after ITA. IFSS is bothered about your own liquid funds and FD, once cashed out, it's your own money.
Please attach your mother's bank statement. It will match with your bank statement.
I don't know either, but there's nothing preventing someone from borrowing money and converting it to an FD to show POF. They can pay that money back when they get their PR.
This is not usually the case when we give advice here. We didn't go through every single case ourselves, but we've seen others giving advice based on their own situation. Being part of this forum for a long time makes it easier for us to give advice having read lots of posts.
