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POF, my FD recently got closed

Hanna123

Star Member
Sep 5, 2014
60
1
I had a Fixed Deposit account having the required funds which I opened an year back. Unfortunately, I didn't make it a recurring one and opened for a 1 year expiry period.
Recently it got closed and all the amount moved to my savings account. Now, to show my POF, what should I do as my average balance in the last 6 months of my savings account might not be the required fund amount ?

Should I open a new FD and show the letter with the starting date and ending date ?

Or should I keep the money as is in my savings account ?
 

Asivad Anac

VIP Member
May 27, 2015
10,630
1,398
Job Offer........
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Not a problem. Whether you choose to renew that FD or let the monies remain in your savings account, attach an LOE along with evidence of the FD and transaction details of the maturity amount moving into your account. That would suffice.