Fixed Deposit as Proof of Funds

[hitesh0414]

Thanks hitesh. Just confirm my understanding below
1.bank statements are not required in case FD is proof of funds
2. Just the FD receipts and bank letter for the FD stating that it can be liquidated is enough.
3. Is there a bank letter required which states all the relationships including loans, credit card etc also needed?

1. Statements not required in case of FD
2. Yes
3. Its ur decision. I did attached my latest credit card statement.

 

[rahulbajaj]

Hi, I received ITA in April and about to file my PR app.

Around 60% of funds I had in my and my spouse's bank account. Balance I transferred from my company account (my company owes me money and it reflects in company Balance sheet) and opened Fixed Deposits about 15 days ago (through my and my spouse's bank account). Questions:
1.should I be worried that I opened FDs around 15 days ago.
2.i am also planning to enclose 6 months bank statements. Should I explain in LOE that part of money used in opening FDs is the loan amount my company repaid to me.
3.should I also take a certificate my chartered accountant explaining the amount my company transferred.

Thanks for your help.

 

[manutheguy]

Fixed deposits are accepted by CIC. I shown just one FD for INR 10 lacs along with bank letter for that FD

Hi dear. In which bank did u had your account. And can u plz share the wordings of the bank letter

 

[manutheguy]

Fixed deposits are accepted by CIC. I shown just one FD for INR 10 lacs along with bank letter for that FD

Can You plz share the name of your bank. I have a FD in HDFC Bank. They only gave a certificate of balance. I do not have any FD Certificate Like the one State Bank of India Issues

 

[hitesh0414]

Can You plz share the name of your bank. I have a FD in HDFC Bank. They only gave a certificate of balance. I do not have any FD Certificate Like the one State Bank of India Issues

I was having FD with Punjab National Bank. I was having physical FD . Also had bank letter for FD stating name of FD holder, FD account number, date of opening of FD, opening amount of FD and maturity amount with maturity date.

 

[kav123]

Fixed deposits are accepted by CIC. I shown just one FD for INR 10 lacs along with bank letter for that FD

Did they ask for any bank statement? Or just the FD receipt was enough? N did u show the source?

 

[hitesh0414]

Did they ask for any bank statement? Or just the FD receipt was enough? N did u show the source?

You musy submit a bqnk letter alongwith the FD receipt. I did not show any source as my FD was more than 6 months old.

 

[TravellingMechie]

Hi members,

Need your advice on my situation.

I have an FD which is more than 6 months old. I will be punching that along with other POF.
My question is, will the FD receipt singularly be sufficient ?
or any additional
documents are needed?

Thanks

 

[destinyfate]

Can my father create FD in my name from his account and can I show the same as proof of funds?
Kindly advise as it is lil urgent...

 

[Jakev]

Can my father create FD in my name from his account and can I show the same as proof of funds?
Kindly advise as it is lil urgent...

Only you can open a FD- your father needs to transfer it into a Savings account post-which you can open a FD.

 

[jagpreet08]

I have shown all the funds in the form of FD's. Now most of those FD's got matured and now I have again put that amount (amount got on maturing) in new FD's for another few months. Do I need to share the new FD details with them again?

 

[shernell]

Hi guys, really new to this need help on this topic.

I would be creating a express entry profile on my own, hence needed a few pointers from you experts.

1) Regarding the proof the funds. I would be borrowing funds from my friend and creating a FD on my name. I would be giving my ielts in feb and creating a express entry profile by feb. hence

Wanted to know regarding the proof of funds. How long I need to show this FD on my name and if it’s less than 6 months do I need to create a gift deed and if so please suggest how.

2) when I do this express entry profile do I need to upload documents to prove these funds. Plz guide me on express entry profile creation

 

[rv.prkh]

Hello everyone,

I recently got an invite to apply for PR under FSWP. I am planning to show a FD as POF. I am taking the money from my father and hence I will add a signed self-declaration from him or a gift deed. Will a FD from Shamrao Vithal Cooperative Bank be acceptable or should it be from ICICI / HDFC. Shamrao Vithal does have forex services.

Please advise. Any other comments are welcomed too!

 

[pk46]

Fixed deposits are accepted by CIC. I shown just one FD for INR 10 lacs along with bank letter for that FD

Hello Hitesh..

How did you get the letter for FD from bank? What is that letter called?

 

[hitesh0414]

Hello Hitesh..

How did you get the letter for FD from bank? What is that letter called?

I just went to the bank and explained what i need and they were happy to issue the fd statement. But in my application along with fd statement i scanned and uploaded original FD as well.