Does fix deposit works as proof of funds?

[HAbbasi]

Guys I have 26000 CAD (which is enough for 1st year of my education living and travel expense) under my name in fix term deposit account (fixed for 10 years).. I can take out the money any time i want to but the confusion that I am facing is that the account statement that i get shows the amount in leisure balance but not in available balance. I want to know does this statement fulfills the requirement of proof of funds or should i move the money to a current account? Please advice me

Thanking in anticipation.

 

[jigzyy]

According to me, It will not be an issue. You can go ahead with fixed deposit. You can get a certificate from bank where is it fixed to confirm about it.

 

[HAbbasi]

Thanks for replying... where can i confirm this from??

 

[jigzyy]

well there's no confirmation required. Fixed Deposits are better than regular statements, as the name says, it's FIXED for certain amount of time. VO gets a confidence that these funds are original rather than borrowed by someone for declaring purposes. Coz, if you have borrowed by someone, you will definitely won't be able to fix them. I myself have declared about $10k as fixed deposit in bank, $19k National Saving Certificates and about $16k Liquid funds.

 

[afridi2482]

No issues man.. Same here..its a positive sign as others said.. go on.. provide the copy of that Leisure to CHC attested by the
bank manager(although attestation not that important)...

 

[ug83]

Yes Absolutely Go AHEAD....I have also confirmed this with one of my friend who works in CHC islamabad,,,,,Fixed deposits are absolutley fine.

 

[jigzyy]

@ug83, If your friend is in Canadian Embassy as you say, that y don't you update us on the reasons of not processing applications in timely manner.. That will definitely relieve pressure on most of us.

 

[dipon_22]

guys, does stock market investment work as prof of fund?

 

[afridi2482]

@ug83.. yaa man update us man.. y so delay man..

 

[ug83]

sorry guys for the late reply......He worked in immigration section. I actually asked him the same fixed deposit question and he said CHC accepts fixed deposit certificates ...All they require is assurance that student / Sponsor will support his studies and trip to Canada .........

I asked him about the delay but he doesn't really know about student visa delays......however he mentioned that there is definitely a backlog in their system.Immigration and student visa operate separately.

best regards
Usman

 

[Ifti]

hello all... I will apply for my visa this October 2012, but my FDR will be 3 months matured at that time. My parents will be my sponsors. I've already paid my 50% tuition fees. We have fixed assets (2 lands), car and government benefits which is more than my entire tuition fees and living expence. will it be a problem?

 

[goodwill75]

Ifti
show what seems relevant...itr's 7lac pm....money shown 10 lacs...not happening
itr's 4 lacs..money shown 50 lacs,....again not happening....
fdr's under spp, no values....only loan amount
cheers...msge me for further help