Proof of Funds w.r.f. India

[vishalnmodi]

Hello All,

This is what is specified for Proof of Funds on CIC website

Document requirements

The applicant should provide official letter(s) from financial institution(s) that list all current bank and investment accounts as well as outstanding debts such as credit card debts and loans.
The letter(s) must be printed on the letterhead of the financial institution and must include the applicant’s name, the contact information of the financial institution (address, telephone number and email address), the account numbers, the date each account was opened and the current balance of each account as well as the average balance in the past six months.
Other documents may also be requested, as necessary.

Questions are
1) Can we provide Fixed deposits details of Primary and/or Secondary applicant?
2) Do they accept Provident Fund account details?
3) What are the other accounts/info etc we can provide to support this category?
4) Any other Market investments can be shown?

Any assistance would be appreciated.

Thanks,
Vishal

 

[andy108]

1. Yes
2. No
3. & 4. Current accounts, savings accounts, some use investments accounts.

 

[satya10]

Vishal,

According to my understanding,PF balance can be shown as proof, along with FD. PF alone cannot be shown as POF.

Thanks
Sathya

 

[StAnger]

Typically, PPF has a lock in period but their is certain amount you can withdraw. So, to answer you query, yes you can show PF as POF as long as your bank explicitly states your withdrawal amount.

There is a lock-in period of 15 years and the money can be withdrawn in whole after its maturity period. However, pre-mature withdrawals can be made from the end of the sixth financial year from when the commenced. The maximum amount that can be withdrawn pre-maturely is equal to 50% of the amount that stood in the account at the end of 4th year preceding the year in which the amount is withdrawn or the end of the preceding year whichever is lower.