Regarding PROOF OF FUNDS

[mmrcsunny]

Do I have to have the full amount of required money in my account for all 6 months ??? Is a Fixed deposit enough ? If so then for how long?

 

[EE456]

Yes, for 6 month. Otherwise, if there's a sudden lump sum, you should be able to substantiate where it come from (sale of something, gift etc.).

 

[mmrcsunny]

if there's a sudden lump sum just 1 month prior to applying and it came as a gift, how will I be able to substantiate where it came from??? a affidavit or any other way??? And even after I substantiate it, I would then have the money only for a month according to my bank statement. Will my application be rejected then???

Thanks

 

[vaishnavi]

if there's a sudden lump sum just 1 month prior to applying and it came as a gift, how will I be able to substantiate where it came from??? a affidavit or any other way??? And even after I substantiate it, I would then have the money only for a month according to my bank statement. Will my application be rejected then???

Thanks

You need to submit a gift deed explaining the sudden lump sum amount that was deposited in your account.

 

[mmrcsunny]

Even if I submit a gift deed explaining the sudden lump sum amount, the amount will not be in the account for 6 months. Say it is there for only 1 month. In that case will my application be accepted or rejected ???

Thanks

 

[hamgha]

Even if I submit a gift deed explaining the sudden lump sum amount, the amount will not be in the account for 6 months. Say it is there for only 1 month. In that case will my application be accepted or rejected ???

Thanks

The above reply was mistaken, you dont need the full amount over 6 months. Just at the end. HOWEVER any sudden changes or large influx of money has to be justified so cic can make sure you didnt borrow it

 

[tushar12333]

Experts please advice.

I have got ITA in the last draw on 29/10/2018.

Can I show 100% POF as a Gift from my parents (CAD 19093 for a family of three)? Should it work?

Apart from the Main Proof of funds(CAD19093) I had deposited approximately CAD 3000 cash in my account. That is my own savings from past.
a) How can I prove it to be mine?
b) Will there be any query raised even if those CAD 3000 are not a part of my POF?