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about bank statement issue

gmohiuddin

Star Member
Dec 9, 2009
135
3
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I received PPRF yesterday, now CIC asked 3-6 months bank statement, I withdrawl money about one week back and invest in fixed deposit in another bank

Now what i have to show with PPRF

Because CIC letter mentioned that they dont want fixed asset, property etc

Now can i again lequified my fixed deposit and transfer in previous bank and then make 3-6 months bank statment, or may be it show they have just deposited the money to show CIC only

I need urgent expert advice

Qorax, please advice me
 

explorer101

Champion Member
Jan 30, 2010
1,843
338
CANADA
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Money in fixed deposit can be shown by you as POF, give explanation letter that you converted your savings accounts money in fixed deposit to gain better interest.
Send your savings account statement reflecting the transfer of money to fixed deposit.
I only showed fixed deposit, ( copy of FDR and bank letter ) no saving account statement.
 

wilson

VIP Member
Oct 11, 2008
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gmohiuddin said:
I received PPRF yesterday, now CIC asked 3-6 months bank statement, I withdrawl money about one week back and invest in fixed deposit in another bank

Now what i have to show with PPRF

Because CIC letter mentioned that they dont want fixed asset, property etc

Now can i again lequified my fixed deposit and transfer in previous bank and then make 3-6 months bank statment, or may be it show they have just deposited the money to show CIC only

I need urgent expert advice

Qorax, please advice me

Hi, Explorer 101 replied you properly.
You can show your fixed deposit for POF. Get a print out from the bank for your SB account so that transaction will be reflected. Fixed deposit called as term deposit also which can be closed prematurely according to the requirement of the depositor. Land, building and any immovable property is also considered as fixed asset.
CIC is not against fixed deposit or term deposit in a bank..
 

Lilysh

Full Member
May 2, 2010
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One of Forum members Gave this info below:
I hope it would be helpful!

So I should write only the cash I have with me ?
You can show,

Provide proof of unencumbered and readily transferable funds in a convertible
currency available for settlement in Canada (for you and your family members):
• current bank certification letter; or
• evidence of savings balance; or
• fixed or time deposit statements

One of Source : New Delhi Checklist.

and

Email from New Delhi CHC
This is in response to your recent email enquiry to the Immigration Section of the Canadian High Commission in New Delhi.



The amount of funds you need to have in order to settle in Canada depends on the size of your family. The funds must be available to you and transferable to Canada. They must be unencumbered by debts or other obligations.



Number of family members
Funds required

1 $11,086

2 $13,801

3 $16,967

4 $20,599

5 $23,364

6 $26,350

7 or more $29,337

Acceptable proof of funds are:

-bank accounts in your name or the name of your accompanying spouse/common-law partner;

-cashable investments in your name or the name of your accompanying spouse/common-law partner;

-cashable fixed deposits in your name of the name of your accompanying spouse/common-law partner.



Not acceptable are:

-bank accounts in someone else's name;

-bank accounts which are joint in your name and someone else (other than your accompanying spouse/common-law partner);

-bank accounts in the name of your spouse who is not accompanying you to Canada;

-property valuations;

-vehicle valuations;

-jewellery valuations.



You are not required to carry your funds in cash when you arrive in Canada. You are, however, required to show documentary evidence that you have the funds available (in bank accounts or cashable investments), and that they can be transferred to Canada.



A port of entry officer in Canada may seek to confirm these funds before granting you permanent residence along with your dependants.



If you have arranged employment in Canada, you do not have to meet these financial requirements. Arranged employment means that you have an offer of indeterminate employment from an employer in Canada. You must be either currently working in that employment on a work permit in Canada, or have been issued a labour market opinion has must have been provided by the Human Resources and Skills Development Canada (HRSDC). In order to be exempt from the minimum funds requirement, the offer of employment must be genuine, the employment must not part-time or seasonal, the wages offered must be consistent with the prevailing wage rate for the occupation, and the working conditions must meet generally accepted Canadian standards.


Hope it helps
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