Hi All,
I have now read some 200-300 posts on proof of funds , but still confused.
From what I have read , I find following options for POF from India. I need to show POF for 2 : $14,720 = ~8,50,000
1) Bank Balance : only 1,50,000
2) Wife's Fixed Deposit : 3,27,000
Now need extra 4,00,000
3) FD in my name : Not available
4) PPF & EPF (As suggested in posts , this is not considered as readily available fund. So this option goes off)
5) GOLD selling : Not advisable in current market as rates are very low compared to at what I bought 2 years back.
6) Gift Deed from father and putting money into FD : But no where on this portal have I found a single case who has done this and was successful. In addition to this , Is there a need of a time gap (like 3 months) between the Fixed deposit date and Date of filing. I am planning to file in next 15 days. My fixed deposit will have a date of this week. Is this advisable ?
Any other option ? Can get the money from father anytime but cannot prove it properly.
In addition to this , I have a car loan of 3,30,000 for which I have put the same amount of money in loan account to save interest (3,30,000) - SBI.
Please help.
I have now read some 200-300 posts on proof of funds , but still confused.
From what I have read , I find following options for POF from India. I need to show POF for 2 : $14,720 = ~8,50,000
1) Bank Balance : only 1,50,000
2) Wife's Fixed Deposit : 3,27,000
Now need extra 4,00,000
3) FD in my name : Not available
4) PPF & EPF (As suggested in posts , this is not considered as readily available fund. So this option goes off)
5) GOLD selling : Not advisable in current market as rates are very low compared to at what I bought 2 years back.
6) Gift Deed from father and putting money into FD : But no where on this portal have I found a single case who has done this and was successful. In addition to this , Is there a need of a time gap (like 3 months) between the Fixed deposit date and Date of filing. I am planning to file in next 15 days. My fixed deposit will have a date of this week. Is this advisable ?
Any other option ? Can get the money from father anytime but cannot prove it properly.
In addition to this , I have a car loan of 3,30,000 for which I have put the same amount of money in loan account to save interest (3,30,000) - SBI.
Please help.
, but doubts..