Hi guys. Fairly new here. I was wondering if anyone could tell me how long do i need to keep the said amount in my bank amount before i finally submit my application.
I have not received an ITA yet but.am hoping that i will in the coming draws. In case I do get it in the upcoming draw. How long does my funds have to remain in my account before i can submit my application.
CIC do not specifically say you've to keep it 'this long'....the idea of having a condition that the funds should be there is that CIC wants to make sure the ones who are applying are financially stable to support oneself and dependents till he manages to find a job/settle down ...for that it is important that his financial health is alright...which can only be confirmed by a healthy balance in account..further they don't want ppl to show funds which are borrowed.. .so six months statement cic asks and that I need to submit alongwith eAPR which will be within 90 days of ITA ...
so,if you get an ITA tomorrow the best you've is 90 days...
you will be asked the source of any irregular lumpsum credit and you will have to convince it is not borrowed..
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if you can prove that the funds belonged to you in some other form for some time,then it will solve the issue...
like gold jewellery (you've to get a receipt from whoever buys it ) or a piece of land / share / fd / mf holdings etc..
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If the funds havent been there since last 6 months (to the date of eAPR) then you'll have to attach a letter of explanation to show the source of the fund as mentioned above . ..--
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ppl go by gift deed (including me)...get your parents or siblings to transfer the amount to ur account and prepare a gift deed with an attorney....as they have gifted you...
in that scenario,cic will not bother how long before it has been gifted...it has to be there at the time of eAPR & till you've landed...