FOC query

[somak2001]

Hi,

I have a small query with respect to Proof Of Funds ? Note that I am an applicant from INDIA.

Are these considered under POF ?

1. LIC
2. PF
3. PPF

Thanks & Regards,
Somak

 

[somak2001]

Hi,

I have a small query with respect to Proof Of Funds ? Note that I am an applicant from INDIA.

Are these considered under POF ?

1. LIC
2. PF
3. PPF

Thanks & Regards,
Somak

4. Gratuity

 

[xpressentry]

You can show cash investments that are liquidated. There are some people from India who have managed to get PR after showing PPF funds.

LIC is life insurance and insurance policies cannot be shown.

You can show fixed deposits.

 

[somak2001]

You can show cash investments that are liquidated. There are some people from India who have managed to get PR after showing PPF funds.

LIC is life insurance and insurance policies cannot be shown.

You can show fixed deposits.

Thanks mate ..

 

[somak2001]

Hi,

Anyone having actual experience from India, please give inputs.

Regards

 

[xpressentry]

I am from india and I am showing my Indian fixed deposits

 

[somak2001]

I am from india and I am showing my Indian fixed deposits

Sorry, I need info about LIC, PF, PPF.. I have put my savings there to save on Tax..

Thus, asking ..

 

[somak2001]

Hi experts,

Sorry for spamming, but this is urgent .. Pl help..

My entire savings is in LIC, PF & PPF.. Would that be considered as POF ?

Regards,
Somak Bala

 

[xpressentry]

You put your savings there to save tax under 80C but it's not a financial institution as required by CIC. Some members on the forum have used their company PPF stating they plan to liquidate it. LIC is an insurance product that pays out on the event of death. Even if you opt for the money back policy, it is money to be made in future and not what you have now. The money back pay out is conditional to you paying your premium deligently.

 

[somak2001]

Hi,

Sorry to reopen an old thread. There has been some shortage of fund thus asking these questions again.

FOR POF (FOR INDIANS ONLY) -

1. PF acceptable or not?
2. PPF acceptable or not?
3. Gratuity acceptable or not?
4. I have 1 lac INR in UTI Mutual fund. Is that acceptable or not?

Since I will be leaving India subsequently, so I won't mind withdrawing my PF, PPF & Gratuity balance. If required, I can give a declaration as well.

Regards,
Somak