Proof of funds: Recurring Deposit

[krishnacanada22]

Friends I am a newbie and need your help with Proof of Funds. I have two recurring deposits, current account value is close to 4800 CAD; they are going to mature in November 2017 with 5000 CAD. Not sure how can I show that money as Proof of funds? As I understand that Recurring Deposits can be closed in 2-3 days time, so liquid cash is immediately available. Does this mean that if I need to show proof of funds in October, I will need to prematurely close my Recurring deposits? and show them as bank balance?

Please help. Thanks!

 

[Marty_]

Friends I am a newbie and need your help with Proof of Funds. I have two recurring deposits, current account value is close to 4800 CAD; they are going to mature in November 2017 with 5000 CAD. Not sure how can I show that money as Proof of funds? As I understand that Recurring Deposits can be closed in 2-3 days time, so liquid cash is immediately available. Does this mean that if I need to show proof of funds in October, I will need to prematurely close my Recurring deposits? and show them as bank balance?

Please help. Thanks!

You can show your recurring deposit receipts and statement for proof of funds. Even if you sell them, it will appear in your bank balance, and you will have to show the recurring deposit receipts.

 

[krishnacanada22]

You can show your recurring deposit receipts and statement for proof of funds. Even if you sell them, it will appear in your bank balance, and you will have to show the recurring deposit receipts.

Thanks! Appreciate your quick response.

 

[Green Stone]

Friends I am a newbie and need your help with Proof of Funds. I have two recurring deposits, current account value is close to 4800 CAD; they are going to mature in November 2017 with 5000 CAD. Not sure how can I show that money as Proof of funds? As I understand that Recurring Deposits can be closed in 2-3 days time, so liquid cash is immediately available. Does this mean that if I need to show proof of funds in October, I will need to prematurely close my Recurring deposits? and show them as bank balance?

Please help. Thanks!

RD balance is acceptable . All banks provide Balance certificate including saving balance + RD + any other policy in same bank .Upload your RD statement .

 

[krishnacanada22]

RD balance is acceptable . All banks provide Balance certificate including saving balance + RD + any other policy in same bank .Upload your RD statement .

Thanks!