Dear Member,
Thanks a lot for answering my Query , you are right in these 2 options there is always a locking period so according to you the better way is in form of Fixed Deposits / cash and also if i have joint account with my mother and my mother is the Principal applicant will it hold good .
How much funds do we need to show for a single applicant .
Please advise.
Dear
varungarg,
2 options that you have mentioned involve a lock-in period right ? tax saving fd and NSC.
though its not stated explicitly about the form in which the funds should be presented, the logical thing would be to show funds which are in liquid form or which can be withdrawn at any given point.
1. Cash in a/c
2. Fixed Deposits.
3. PF - am not sure about this - but withdrawing from PF takes anything from 3 - 12 months !
would others like to comment ?