Hello,
Especially only an Indian can answer this as its related to Indian investment.
When CIC asks to show the proof of funds is it possible for me to show NCD's I purchased and invested in Muthoot Securities in India. I do not have any bank deposit or fixed deposit in private or nationalized banks but have some investment made 3yrs back & still active in Muthoot Securities which is called NCD..
Also I have some amount in what is commonly known as SOCIETY in India who give monthly interest on premium.Is this valid?
Being an Indian citizen , am currently working and living in Dubai, United Arab Emirates. I do get monthly salary but no fixed deposits here in UAE I have in bank. Is this cashable amount (from monthly salary) enough as proof of funds ?
Is there any other way I can prove to CIC about funds?
Thanks for clarifying
Sanmacviv
Especially only an Indian can answer this as its related to Indian investment.
When CIC asks to show the proof of funds is it possible for me to show NCD's I purchased and invested in Muthoot Securities in India. I do not have any bank deposit or fixed deposit in private or nationalized banks but have some investment made 3yrs back & still active in Muthoot Securities which is called NCD..
Also I have some amount in what is commonly known as SOCIETY in India who give monthly interest on premium.Is this valid?
Being an Indian citizen , am currently working and living in Dubai, United Arab Emirates. I do get monthly salary but no fixed deposits here in UAE I have in bank. Is this cashable amount (from monthly salary) enough as proof of funds ?
Is there any other way I can prove to CIC about funds?
Thanks for clarifying
Sanmacviv