proof of funds ??? and how old they shud be plz help

[mohit_sharma123]

hi too all
can seniors help me
i want to know the proof of funds?
1. fixed deposits (of all who are travelling to canada along with me )
2 .current account statement of my business
3 .provident fund pass book
4. saving account statements of all the people travelling with me to canada
5. income tax returnes
6. what else is required does they beleive fixed deposit ?ok or they want all the money in saving account
and how much shud i need to show to them ?just give me an idea
we are 3 people (me my wife and 3 yr old daughter)
please share
mohit

 

[PM48633]

Hi,
16580 CAD it can be in indian currency.
and you could either send them a bank statement or a bank certificate which reflects your total deposits as on date from all your accounts savings fixed reccuring etc.
I had submitted the Bank statement which had the description of savings and fixed account balance as on date.
In addition I had submitted the bank statement of my salary account (Different bank) along with my pay slips this was sufficient proof that there is a inflow of income.

Regards,

PM48633

 

[qorax]

Dear Mohit,

All the 6 points that u described r Ok to send as PoF. And yes, Fixed Deposits r counted as well. It is Not Needed to have all the funds in one 'savings' a/c. Multiple formats r perfectly fine.

Funds Required
CAD
-$ 10,833 (1, Self only)
-$ 13,486 (2 Family Members)
-$ 16,580 (3 Family Members) <<Your case
-$ 20,130 (4 Family Members)
-$ 22,831 (5 Family Members
-$ 25,749 (6 Family Members)
-$ 28,668 (7 or More Family Members)

Hope that helps.

 

[mohit_sharma123]

thanx qorax and PM 48633
i have asked bank for the certificate reflecting how much money i have with them and few banks have given to me by describing fixed deposit no and amount will that be fine
plz share
mohit

 

[Reet]

hi all..
Are tax saving certicates considered for proof of funds????

 

[phdmaker]

hi all..
Are tax saving certicates considered for proof of funds????

Yes, I think so

 

[lola_basyang]

i have some concerns about my application.. i would really appreciate to hear feedbacks from you guys.

1. me and my partner are applying in canda as common-law now the required money for the 2 people is canadian $13486 = 606,870 PHP ($1=45 php), now my concern is that, we have now 600k php... so we will provide about 610k php. for the bank certificate.. will that be enough? or should we put more amount? will it really matter? or no?

2. will we be able to get all the documents back? after everything? its because we passed all the original papers and documents?

 

[khalid h]

Funds requirements have been changed from 1st jan 2010,
But I think the date applications are locked all the rules of that date are applied on the applications, so people who submitted in 2009 should be considered according to last years funds requirements ? whats your opinion friends ?

 

[Preetam]

i have some concerns about my application.. i would really appreciate to hear feedbacks from you guys.

1. me and my partner are applying in canda as common-law now the required money for the 2 people is canadian $13486 = 606,870 PHP ($1=45 php), now my concern is that, we have now 600k php... so we will provide about 610k php. for the bank certificate.. will that be enough? or should we put more amount? will it really matter? or no?

2. will we be able to get all the documents back? after everything? its because we passed all the original papers and documents?

you can consider puting some more money to manage the fluctuation in the currency rates

 

[Rahat786]

Hi Qorax,

Would you please help me to clarify that what if the bank account is under my wife's name instead of mine? Will that be a problem given I am the principal applicant? She has sufficient funds in her account since one year as proof of funds for settlement. She can transfer to my account but she has to travel to Pakistan, only for this purpose.

Your valuable comments are much appreciated.

Rahat