Hi,
For establishing the proof of funds I am planning to show following three instruments:
1. Salary Bank Account which holds about 50% of the required funds.
2. Provident Fund, approx 12% of required funds.
3. Investments in the FD Schemes (approx 38% of required funds) of National Savings which are in the name of my wife.
The salary bank account fund was developed through savings from salary, and liquidation of mutual funds. I have all the support documents.
I have obtained a letter from my employer stating the balance amount and that I can withdraw this amount.
For FD in my wife’s name we have obtained letter from the financial institutions that these fund can be liquidated immediately and also my wife has written a notarized affidavit that I have full access to these funds and I can use these funds to my discretion.
Could you guys please review the above scenario and advise me whether above mentioned funds and related documents are enough to establish proof of funds?
Also I need guidance as in whether these support documents, e.g. pay slips, bank statements, affidavits etc. are to be attached along with the POF file and they should be annexed in the Letter of Explanation.
Looking forward to usual guidance from the experts and senior members.
For establishing the proof of funds I am planning to show following three instruments:
1. Salary Bank Account which holds about 50% of the required funds.
2. Provident Fund, approx 12% of required funds.
3. Investments in the FD Schemes (approx 38% of required funds) of National Savings which are in the name of my wife.
The salary bank account fund was developed through savings from salary, and liquidation of mutual funds. I have all the support documents.
I have obtained a letter from my employer stating the balance amount and that I can withdraw this amount.
For FD in my wife’s name we have obtained letter from the financial institutions that these fund can be liquidated immediately and also my wife has written a notarized affidavit that I have full access to these funds and I can use these funds to my discretion.
Could you guys please review the above scenario and advise me whether above mentioned funds and related documents are enough to establish proof of funds?
Also I need guidance as in whether these support documents, e.g. pay slips, bank statements, affidavits etc. are to be attached along with the POF file and they should be annexed in the Letter of Explanation.
Looking forward to usual guidance from the experts and senior members.