Proof of Funds (Express Entry)

[kryt0n]

It just needs to make up the remainder. So about 8.5k or whatever it is at the moment

 

[shanmasr]

No, mutual funds will not be accepted as POF. However, if you liquidate those, the proceeds transferred to your bank account can be shown as POF.

Thanks Stanley. I have given them for redemption. Getting the MF money and money kept in savings account A transferred to saving accoun, B and would get a letter from that bank. Would that be an issue and do I have to show statements from Bank A too.

 

[Canada201718]

Hi everyone,

I am new to this forum .

I submitted my profile on Feb 4 and Aor is Feb 5th.

I got the bank letter saying my avg balance from 6 months and they gave me the statement i am not holding any credit cards and loans.

My avg 6 months balance is

Aug 2016 1,23,000 INR

Sep 2016 1,53,000 INR

Oct 2016 14,67,000 INR

N0v 2016 14,87,000 INR

Dec 2016 15,10,000 INR

Jan 2016 15,39,000 INR

and i have attached my 6 months bank statement with stamp and signature from the bankers .

and gift deed from my father for the transfer amount of 14,00,000 INR and my father 6 months bank statement also.

anything i missed here ?

 

[vishalg]

Hi everyone,

I am new to this forum .

I submitted my profile on Feb 4 and Aor is Feb 5th.

I got the bank letter saying my avg balance from 6 months and they gave me the statement i am not holding any credit cards and loans.

My avg 6 months balance is

Aug 2016 1,23,000 INR

Sep 2016 1,53,000 INR

Oct 2016 14,67,000 INR

N0v 2016 14,87,000 INR

Dec 2016 15,10,000 INR

Jan 2016 15,39,000 INR

and i have attached my 6 months bank statement with stamp and signature from the bankers .

and gift deed from my father for the transfer amount of 14,00,000 INR and my father 6 months bank statement also.

anything i missed here ?

you are good to go

 

[Canada201718]

Thank you

 

[jtoc]

Couldn't get my query resolved on any thread. Hoping a solution here:

I have sufficient funds in my salary account. However, the salary statement shows Home loan and car loan availed from the company. Is this an issue? Also, incase I show PF funds too, the said fund is maintained by my company and NOT PF office of India. Would a certificate on my company letter-head suffice in this case?

Request help pl!

 

[shanmasr]

No, mutual funds will not be accepted as POF. However, if you liquidate those, the proceeds transferred to your bank account can be shown as POF.

Thank you Stanlee. I have given the mutual funds for redemption and the same would be credited to my account maintained with Bank A. Would also transfer some funds from savings account maintained with Bank B.

Plan to provide 6 statement of Bank A and statement of mutual funds redeemed. Do I need to show 6 month statement of Bank B too and Credit Card statements also.

If that is the case can I just get letter from Bank A and provide copies of online statement of others.

Sorry for the long query, seniors please adviser the

 

[vishalg]

Couldn't get my query resolved on any thread. Hoping a solution here:

I have sufficient funds in my salary account. However, the salary statement shows Home loan and car loan availed from the company. Is this an issue? Also, incase I show PF funds too, the said fund is maintained by my company and NOT PF office of India. Would a certificate on my company letter-head suffice in this case?

Request help pl!

For Pf funds, ask your company to write the final figure on the letterhead stating that you will be able to withdraw the entire sum once you resign and before migrating to Canada

 

[Nas man]

Hello seniors and esteemed members,

I have questions regarding PoF, I want to sell a landed property of mine as PoF, the Land would be sold in a couple of days and the buyer will transfer the cash to my account.

1. Is this allowed as PoF?
2. The cash deposit would be sudden and would only be in my account for about 2 weeks before I make the application, is this OK as well?
3. What documentation would I need to also upload in support of this in addition to the bank statement.?

 

[DelPiero07]

Hello seniors and esteemed members,

I have questions regarding PoF, I want to sell a landed property of mine as PoF, the Land would be sold in a couple of days and the buyer will transfer the cash to my account.

1. Is this allowed as PoF?
2. The cash deposit would be sudden and would only be in my account for about 2 weeks before I make the application, is this OK as well?
3. What documentation would I need to also upload in support of this in addition to the bank statement.?

1 - Yes
2 - That's fine as long as you have proof of where that money is coming from.
3 - Any document stating the sale of land.

 

[Nas man]

1 - Yes
2 - That's fine as long as you have proof of where that money is coming from.
3 - Any document stating the sale of land.

Many thanks for the prompt response.

 

[sammy89]

Hi,

I don't have a 6 month history for the required proof of funds. My father deposited the required amount in early Dec. I have qualified for ITA today so eventually when I submit the e-APR, it wont have a 6 month history established. How do I work around this? Would a gift deed be sufficient or do I need to show more documents? Please advise.

 

[cedlechauve]

Hi everyone,

I have please a quick question.
I am a single French applicant for permanent residency and received my ITA a few weeks ago.
My parents had transfered me 3000euros 4months ago and this transaction will show up on my 6months bank statements. But since then I accumulated enough money with my payslips to be over the $ 12000 minimum required.
I don't need my parents' money anymore so I just want to give them back the money. I am afraid it is going to raise more questions from the case officer. But this way I wouldn't have to make my parents prepare a notorized gift deed.
What do you think I should do ? Transfer back the money from my parents and specify it in a letter of explanation ?

Thanks very much !

 

[ldrbjp]

My bank in Singapore refuses give me a letter for the proof of statements instead asks me to utilize the consolidated estatements it provided me on monthly basis. These statements include all the info, transactions, opening and closing balance, my name, address and account number, bank's logo, address and contact details.

Would these statements suffice?

 

[shanmasr]

Thank you Stanlee. I have given the mutual funds for redemption and the same would be credited to my account maintained with Bank A. Would also transfer some funds from savings account maintained with Bank B.

Plan to provide 6 statement of Bank A and statement of mutual funds redeemed. Do I need to show 6 month statement of Bank B too and Credit Card statements also.

If that is the case can I just get letter from Bank A and provide copies of online statement of others.

Sorry for the long query, seniors please adviser the

Seniors, please advise.. If letter from Bank A and downloaded statements from others would do