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Bank statements for proof of funds

abhi16691

Full Member
May 13, 2018
35
5
Hi, need some expert advice!

There was little balance in my account till the month of February and in February end suddenly there were huge deposits of the life insurance money. What should be the ideal case, should I show that money(i.e. 6 months bank statement) with a proof of funds that I was the nominee and the money is free from any debt or should I just submit statements from march(5months).

Help would be much appreciated!
 

hope2018

Champion Member
Mar 14, 2018
1,304
591
Hi, need some expert advice!

There was little balance in my account till the month of February and in February end suddenly there were huge deposits of the life insurance money. What should be the ideal case, should I show that money(i.e. 6 months bank statement) with a proof of funds that I was the nominee and the money is free from any debt or should I just submit statements from march(5months).

Help would be much appreciated!
6 months balance is a must, if it's your own money you can explain in LoE and also back it up with some proofs. It should be fine.