@ deep,
No issues in doing that its your liquid/ encumbered funds......BUT it will show in SBI pass book as single entry of say 7-8 L (bullet payment) just before applying for FSW.. so it might raise a suspicion in minds of VO an may ask for updated statement etc. later on.
(Status quo) In Citibank your above balance has accrued over past sooo many yrs of work exp (monthly salary cum savings etc) .. hence more confidence to VO in passing your Appln.
(Better switch to FD's in Citibank itself rather than keeping it in Savings a/c.. the difference in rate may not more than 0.10 to 0.25% for same maturities... wont make a diff of more than 10-15 k in intt /yr on entire amount)
Moreover, I find private banks more cooperative to Customers in giving Letter etc... any no. of times. SBI is a big pain to deal with, all Nationalised banks have Govt. culture.. they'll just the bare minimum work they're suppose to do.. wont move their butts out of the call of their duty to help, if needed
deep2014 said:
Hi All,
Had a doubt regarding my bank funds.
I had funds from my salary credits to citibank. Citibank gave me Bank certificate with balance in account
Now I am thinking to shift my funds to SBI (new opened account) and get a Fixed deposit done. SBI manager is telling they cant give Bank certificate with balance in account, however the same can be printed on Passbook with Fixed deposit details..
I am thinking to go for SBI because of better interest rates.
Would it be okay to show SBI passbook copies with FD details and Fixed deposit copy as fund proofs ???