Proof Of Funds

[Mustang166]

As long as you dont declare less than the needed amount

My turn for a silly Question..

These funds can be in my local currency right?

 

[hamgha]

My turn for a silly Question..

These funds can be in my local currency right?

We used our local currency without issue

 

[LTheanine]

Questions:

1. Will stock investments qualify for proof of funds? 80 percent of my money is in stocks (well actually a stock mutual fund) and I wonder if I should liquidate it? I am seeing conflicting inputs on this.

2. Assuming the above is not okay, and I push with liquidation, obviously, it will show a one time big time deposit to my bank account coming from my stock account. Will cic consider it?

 

[Shruti Diwedi]

Hi All,

New to the system of immigration trying to get an understanding of all requirements....
Have a question to ask regarding proof of funds....

1.Can I use multiple fixed deposits as a proof of fund with one being created recently just prior to receiving an ITA?

2.For recent Fixed deposit account do I need to mention the source of funds?

3. Do I also need to attach the fixed deposit receipts along with letter from the bank?

4.Is there any format available for fixed deposits being used for proof of funds?

 

[hope2018]

Questions:

1. Will stock investments qualify for proof of funds? 80 percent of my money is in stocks (well actually a stock mutual fund) and I wonder if I should liquidate it? I am seeing conflicting inputs on this.

2. Assuming the above is not okay, and I push with liquidation, obviously, it will show a one time big time deposit to my bank account coming from my stock account. Will cic consider it?

Liquidate and then justify deposit by explaining in LoE that it is from your stocks. You can add supporting documents to show stocks were in your name ( trading account etc).

 

[hope2018]

Hi All,

New to the system of immigration trying to get an understanding of all requirements....
Have a question to ask regarding proof of funds....

1.Can I use multiple fixed deposits as a proof of fund with one being created recently just prior to receiving an ITA?

2.For recent Fixed deposit account do I need to mention the source of funds?

3. Do I also need to attach the fixed deposit receipts along with letter from the bank?

4.Is there any format available for fixed deposits being used for proof of funds?

Multiple fixed deposits is not an issue, if less than 6 months then you need to provide the source. FD reciepts not needed.
You just need a bank letter which states
1. All fixed deposits
2. Dates each FD was opened
3. Confirmation in letter that these deposits can be liquidated anytime.

 

[Shruti Diwedi]

Multiple fixed deposits is not an issue, if less than 6 months then you need to provide the source. FD reciepts not needed.
You just need a bank letter which states
1. All fixed deposits
2. Dates each FD was opened
3. Confirmation in letter that these deposits can be liquidated anytime.

Thank you