Express Entry - ITA - Proof of Funds - Query

[gouthamanandhan]

All,

We have received ITA and are in process of submitting docs. We have enough INR in the account, but gathered funds by asset liquidation post ITA.

But as per CIC whats the recommended average 6 months balance?

Can anyone who has a PR reply on this?

Thanks,
Goutham

 

[DelPiero07]

No such thing, as long as you have proof of such asset liquidation your average balance is irrelevant.

 

[gouthamanandhan]

Thanks. So do we need to submit these proofs? or just send a letter from bank with current balance + average balance - In fact that's what is requested by CIC. Hence asking.

 

[DelPiero07]

If you had a lump sum amount transferred to your account within the past 6 months you must provide the source of such amount.

 

[gouthamanandhan]

Cool. So i have to give the letter from bank + 6 months account statement + proof of liquidated money - Am i correct?

Also CIC site claims it takes 8-11 weeks for PR processing. Is this true?

 

[DelPiero07]

Cool. So i have to give the letter from bank + 6 months account statement + proof of liquidated money - Am i correct?

Also CIC site claims it takes 8-11 weeks for PR processing. Is this true?

Yes, those documents are fine..

If you want to have a better idea about processing time look at immigration trackers of people who share the program you applied for.