Pof before ita or before submission of application

[Wolverine17]

Am curious as does cic care if the pof was available at time of ita or if it matters only to be available at the time of documents submission after ita

 

[xpressentry]

You need to maintain your PoF for 6 months. So it has to be in your account before you receive the ITA.

 

[kryt0n]

You need to show 6 months of account history. All the money doesn't have to be in your account for the full 6 months but if you have a large deposit at some point you need to prove where it came from.

 

[vishalg]

Is it ok to deposit funds in your account post receiving ITA and showcase it as a gift?
Would it work?

 

[DelPiero07]

You need to maintain your PoF for 6 months.. So it has to be in your account before you receive the ITA.

This is incorrect.

You do not have to maintain the POF for 6 months, as long as the applicants works towards meeting the required POF and has them when submitting the eAPR he/she is fine.

Also one should consider what kryt0n said about suspicious lump sums.

 

[DelPiero07]

Is it ok to deposit funds in your account post receiving ITA and showcase it as a gift?
Would it work?

Yes as long as you have a gift deed letter and proof of transfer.

 

[vishalg]

Yes as long as you have a gift deed letter and proof of transfer.

Thanks DelPiero07, you are a saviour

 

[xpressentry]

The bank letter should contain the average balance held i the last 6 months. If the average suddenly reaches the LICO then it's a red flag. If there was no balance for 6 months, how can there be an average?

 

[DelPiero07]

The bank letter should contain the average balance held i the last 6 months. If the average suddenly reaches the LICO then it's a red flag. If there was no balance for 6 months, how can there be an average?

What are you even saying?

For gift deed the average balance is irrelevant as it is being shown where the funds are coming from.

For Wolverine's scenario even if the average balance is lower than the minimum required funds he can provide bank statements to show that he's been working towards meeting the minimum required funds. Again, no need to hold that amount for 6 months.

 

[vishalg]

I have the average balance in excess of 10,000 , if I add my EPF balance it will easily cross the 15k requirement, but I am not sure if EPF is accepted. Hence will be taking a gift. I hope this wouldn't create a problem

 

[Blowtouch]

This is incorrect.

You do not have to maintain the POF for 6 months, as long as the applicants works towards meeting the required POF and has them when submitting the eAPR he/she is fine.

Also one should consider what kryt0n said about suspicious lump sums.

Well said

 

[Wolverine17]

Thanks everyone for the replies its really appreciated because i have like 80-85% of the required funds in the past 6 months hence thr q

 

[Zakafarhan95]

I have one question.Can anyone help me please?
Should I have enough proof of funds before ITA or can i arrange in 2 months after ITA also?

For example,
I received an ITA. Currently i have 65% proof funds and i can arrange remaining 35% funds in 60 days. So by the time my 60 days timeline is finished to submit post ITA documentation, my POF will also be ready.

Please help me!