Dear All,
I received my ITA during last draw.
I am in the process of procuring proof of funds leter from the bank. Assuming I would get an ITA, I had deposited around 12300 CAD as a Fixed Deposit than during November 2017. Unfortunately, due to the rapid plummeting of INR against global currencies, the funds I hold VS CAD do not meet the CIC funds requirements.
Therefore, I am planning to infuse more funds into my account - source, my parents.
now my questions are:
1. What is the best way to show that the additional funds infused into bank account to mitigate currency value fluctuations are legit?
2. My current situation is like - 90% percent of funds are more than 6 months old and 10% is fresh. Should I mention about this bank letter and explain the same in a Letter of Explanation?
3 I possess almost the 90% of the required funds through Fixed Deposits. I am not sure if there is a way to project an average six month balance for a Fixed deposit account. Should I get the bank to state something on the lines that, average balance could not be stated given the nature of an FD account? How do I overcome this phenomenon?
It is highly appreciable if I get a response/suggestion/solution for my concerns outlined above, before this Friday where I will be approaching the bank for the letter process
(Getting paranoid already
)