Investments as Proof of Funds?

[shilpa.attavar]

Hi,

I wanted to know if CIC accepts investments such as Life Insurance (HDFC and Bajaj Allianz NOT LIC), Post Office Fixed Savings and Fixed Deposits as Proof of Funds? Can we show them as Proof of Funds after we are asked to as we can do so easily by withdrawing the investments.

Me and my husband have Fixed Deposits in different banks. Can we use different banks as proof of funds or should we keep in one bank?

 

[Asivad Anac]

Preferably funds in the bank in the PA's name - CIC explicitly asks for that. Can be in multiple banks as well.

 

[shilpa.attavar]

Some funds are in my name and some in my husband's name in the form of long term investments that can be broken when we have to submit proof of funds?

 

[StAnger]

Some funds are in my name and some in my husband's name in the form of long term investments that can be broken when we have to submit proof of funds?

FD will work.

PPF have lock in period so you will have to ask your bank to mention the withdrawal amount.

LIC wont be accepted.

All funds should be in your name or you can show joint account with your name included.