My average balance is below the minimum balance but my current balance is above it.Which one does CIC look at? Because if they look at average I will have to provide gift deed etc.
POF-Min should be above current or average balance?
- Thread starter salikgilani
- Start date
The current balance has to be above the minimum required funds.
The average balance is a tool to indicate potential red flags (lump sum amounts) if there as a big discrepancy between this figure and the current balance.
If you received money from someone within the past 6 months to meet the required funds then you must account for that money.
The average balance is a tool to indicate potential red flags (lump sum amounts) if there as a big discrepancy between this figure and the current balance.
If you received money from someone within the past 6 months to meet the required funds then you must account for that money.
Thank you. That was very precise. Is there a ballpark figure of the variation I should be looking at?