Hi,
I need some clarification regarding 'Proof Of Funds'.My dad is willing to give me $ 21,000 as a gift ;D .I do not have any obligation to return the money back to him. I plan to put it into a Fixed Deposit under my name.
Will this be considerd as ''borrowed'' money ? Will I have to produce any document stating that this is a gift and not a loan ?
Will a Fixed Deposit be considered as a proof ?
Thank you.
I need some clarification regarding 'Proof Of Funds'.My dad is willing to give me $ 21,000 as a gift ;D .I do not have any obligation to return the money back to him. I plan to put it into a Fixed Deposit under my name.
Will this be considerd as ''borrowed'' money ? Will I have to produce any document stating that this is a gift and not a loan ?
Will a Fixed Deposit be considered as a proof ?
Thank you.