Proof of Funds Query

[psy347]

Is there a requirement that we should show the full amount equaled to the specific amount (like $12,475, $15,531) as an average of 6 months.

or

Is it fine to show a recent deposit (last month) of the specific amount of money with six months statements.

 

[hamgha]

Is there a requirement that we should show the full amount equaled to the specific amount (like $12,475, $15,531) as an average of 6 months.

or

Is it fine to show a recent deposit (last month) of the specific amount of money with six months statements.

If the deposit is large better prove where it came from. Otherwise, no, no need to have the full amount over 6 months

 

[Saitripathy]

Hi All

I have a confusion on proof of funds. I have two FD worth 8.5 Lakhs but only 4 months old now and i requested ITA with a score of 461 on September 2018. The funds requirements are for me and my spouse, both of us are working and it is only I who would be going for now, though Visa is for both of us. Now I have a Home Loan and Education loan with deductions of 24k and 14k respectively. Should i accept this invitation and show six months statements along with the FD or reject this one and wait for the next invitation as then, i can submit POF by November 1st week, when my FD would be six months old and i may not have to show my six months statements and thus, would not need to showcase my loans.

Please guys respond and suggest as I am hell confused.

 

[psy347]

Hi All

I have a confusion on proof of funds. I have two FD worth 8.5 Lakhs but only 4 months old now and i requested ITA with a score of 461 on September 2018. The funds requirements are for me and my spouse, both of us are working and it is only I who would be going for now, though Visa is for both of us. Now I have a Home Loan and Education loan with deductions of 24k and 14k respectively. Should i accept this invitation and show six months statements along with the FD or reject this one and wait for the next invitation as then, i can submit POF by November 1st week, when my FD would be six months old and i may not have to show my six months statements and thus, would not need to showcase my loans.

Please guys respond and suggest as I am hell confused.

First of all congrats. I would say to payoff those remaining 24k and 14k or did you mean that there is a monthly payment of 24k and 14k from the bank accounts. What hamgha said in the above post is that, it is fine to have a one month or four month deposit of the required money to show the CIC. So, I wouldn't recommend rejecting the invitation.

 

[Saitripathy]

First of all congrats. I would say to payoff those remaining 24k and 14k or did you mean that there is a monthly payment of 24k and 14k from the bank accounts. What hamgha said in the above post is that, it is fine to have a one month or four month deposit of the required money to show the CIC. So, I wouldn't recommend rejecting the invitation.

So, Should i mention my home loans and education loan or just refrain from sharing the information at all

 

[sharelp]

If the deposit is large better prove where it came from. Otherwise, no, no need to have the full amount over 6 months

Hi Hamgha
I have a similar situation, I sold few assets (like car, property) and accumulated the required funds. there are 3 or 4 huge deposits in the first week of September'18. If I get a ITA by end of October'18, should I still need to give explanation for these deposits? What you suggest should be the form of explanation like do I need to give some receipt or just mentioning in the Letter of Explanation is sufficient?

 

[maitredufoot]

Hi guys, my average balance was around 9k in the first 4 months of my account, and then I sold my car ( Around 11k). At the end I managed to show an amount above what was required, and also I uploaded the documents of the transaction of selling my car. Do you think is it ok?

 

[tobs]

Hi guys, my average balance was around 9k in the first 4 months of my account, and then I sold my car ( Around 11k). At the end I managed to show an amount above what was required, and also I uploaded the documents of the transaction of selling my car. Do you think is it ok?

Yes. That sounds fine.

 

[hamgha]

Hi Hamgha
I have a similar situation, I sold few assets (like car, property) and accumulated the required funds. there are 3 or 4 huge deposits in the first week of September'18. If I get a ITA by end of October'18, should I still need to give explanation for these deposits? What you suggest should be the form of explanation like do I need to give some receipt or just mentioning in the Letter of Explanation is sufficient?

Proof of sales